PPI ! Catalyst for Uptrend ! XAU INCREASE

לפני 7 ימים⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) have pared some intraday gains but remain above the $2,500 mark during early European trading on Thursday. Wednesday's US Consumer Price Index (CPI) report showed persistent inflation, dampening hopes for a larger Fed rate cut. This boosted US Treasury yields and the Dollar, weighing on gold.

A positive tone in equity markets also limits gold’s upside. However, expectations of a Fed rate cut in September, and more easing later this year, help support prices. Traders are cautious, awaiting the US Producer Price Index (PPI) for further direction.

⭐️Personal comments NOVA:
The long-term frame supports the Uptrend. We hope to see a new ATH soon

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2503 - $2505 SL $2498
TP1: $2510
TP2: $2520
TP3: $2530

🔥BUY GOLD zone: $2492 - $2490 SL $2485
TP1: $2497
TP2: $2503
TP3: $2510

🔥SELL GOLD zone: $2543 - $2545 SL $2550
TP1: $2535
TP2: $2520
TP3: $2510

⭐️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

לפני 7 ימים

עסקה פעילה

Gold price sideway in the European session in the range of 2510-2520, waiting for PPI

לפני 7 ימים

עסקה פעילה

The market waits for PPI news - currently fluctuating around 2520

לפני 7 ימים

עסקה פעילה

exact bullish trend - create new intraday ATH 2542

לפני 7 ימים

עסקה פעילה

Fomo from the market is very high - gold price is likely to continue breaking ATH: attention price range: 2560-2590