Is this the 4th week Friday prices have increased? XAU !!

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
At present, the US Dollar Index (DXY), which measures the value of the USD against a selection of global currencies, is hovering around 106.17. This comes after a rebound from its weekly low of 105.81. The US Treasury bond yields are decreasing, with the 10-year Treasury yield now at 4.663%. This represents the lowest level since October 13.

The market is confident that the Federal Reserve (Fed) is nearing the end of its tightening cycle. Fed Chair Jerome Powell has emphasized the need for financial conditions to remain tight in order to prevent further rate increases. As a result, this is putting pressure on the US dollar and providing support for gold priced in USD.

⭐️Personal comments NOVA:
Continuing the upward trend, gold prices are currently accumulating around the 1980-1990 price range. Maybe this Friday the price will have a sudden increase in the US session

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $1976 - $1978 SL $1970
TP1: $1985
TP2: $1992
TP3: $2000

🔥SELL GOLD zone: $2007 - $2009 SL $2015
TP1: $2000
TP2: $1990
TP3: $1984


⭐️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:

Gold price still tends to increase to more than 2000 USD. But it still cannot increase to the 2020 area. Need to wait for results next week