XAU/ USD !! bright spot in the market, price increase cycle

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
The price of gold is trading higher near its three-week high of around $2,088 per troy ounce during the Asian session on Thursday. The potential for rate cuts by the Federal Reserve (Fed) in the first quarter of 2024 has improved risk appetite, leading to an increase in the price of gold.

The presence of major shipping companies returning to the Red Sea indicates a tentative return to normalcy, potentially influenced by the deployment of a multinational task force in the area. However, concerns persist regarding the potential closure of the Gibraltar Strait by Iran. The complex and ever-changing geopolitical situation in the Middle East continues to impact market sentiment and contribute to a growing demand for safe-haven assets such as gold.

⭐️Personal comments NOVA:
Prices continue their steady upward trend, although there is not much impactful news, the positivity and trust of investors helps Gold prices continue to fly high.

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2067 - $2069 SL $2060
TP1: $2075
TP2: $2086
TP3: $2094


🔥SELL GOLD zone: $2094 - $2096 SL $2102
TP1: $2086
TP2: $2080
TP3: $2070

⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.

⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest

Kommentar:

Prices during the EU trading session have not had many notable fluctuations.

Kommentar:

Gold's slight correction has not been able to weaken the Uptrend at the end of 2023

Kommentar:

+ 35 pips, for signal BUY 2067-2069