Gold price is trying to surpass the 2020 zone

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
The price of gold (XAU/USD) continues to rise above the crucial $2,000 level during the early trading hours in Asia on Tuesday. The value of the precious metal reaches a six-month high due to the weakening US Dollar (USD) and the decrease in US Treasury bond yields. Currently, the gold price is trading near $2,015, experiencing a 0.01% decrease for the day.

At the same time, the US Dollar Index (DXY) has fallen to its lowest point since late August, around 103.20. This rise in the USD-denominated gold is attributed to the decline in Treasury yields, with the 10-year yield dropping from 4.51% to 4.39%.

⭐️Personal comments NOVA:
Gold prices still show stable price increases, trying to surpass the 2020 zone to reach the highest zone this year.

Today, CB Consumer Confidence was announced with forecasts to continue to support Gold prices

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $1995 - $1997 SL $1990
TP1: $2003
TP2: $2010
TP3: $2020

🔥SELL GOLD zone: $2028 - $2030 SL $2035
TP1: $2020
TP2: $2015
TP3: $2010

⭐️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 continue to sideways around the 2010-2020 region awaiting the release of CB Consumer Confidence data today

Kommentar:

+ 35 pips , signal SELL zone 2028

Kommentar:

+ 55 pips , signal SELL zone 2028, congratulation