⭐️GOLDEN INFORMATION: Furthermore, the most recent political changes in the Middle East have resulted in a resurgence of non-profitable metal prices following the Houthis' assault on two American-flagged Maersk vessels that were under the protection of the US Navy.
Overall, those involved in the gold trading industry are preparing themselves for the upcoming announcement of the Federal Reserve's favored measurement of inflation, the Personal Consumption Expenditures (PCE) Price Index for December. This release is of particular importance as it precedes the monetary policy decision to be made by Fed Chairman Jerome Powell and his colleagues next week.
⭐️Personal comments NOVA: Gold price is still trying to maintain the 2010-2020 price range in the face of increasing selling pressure from investors due to information that the FED will lower interest rates in 2024.
⭐️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
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Gold price continues to sideways in the 2020 price range during the Asian session
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Economic experts predict PCE data will be good for the dollar , Gold prices continue to be under selling pressure . PCE news is not too important news, so the price cannot fluctuate too much today
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PCE news is forecast to be good for the dollar, bad for Gold. Let's wait for the price of Gold to decrease
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Good for dollar , gold falls . But the news is not strong, gold prices still try to maintain above the 2015 zone
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