⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
The USD Index (DXY), which monitors the performance of the US dollar against a group of currencies, continues to rebound from its lowest point since August 31st, which was reached on Tuesday following the release of the hawkish Federal Open Market Committee (FOMC) meeting minutes. In fact, policymakers reiterated their commitment to maintaining higher interest rates for an extended period and tightening further if efforts to control inflation prove insufficient. This, combined with the recent inability to sustain momentum above the significant $2,000 level, is discouraging bullish investors from initiating new positions in gold.
⭐️Personal comments NOVA:
Unemployment Claims data shows good signs for the dollar. At the same time, Gold prices need to have a downward adjustment rhythm to create more liquidity. Price will decrease first and then continue to increase
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2003 - $2005 SL $2008 Scalping
TP1: $2000
TP2: $1996
TP3: $1993
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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