CPI - Will Gold price touch 2400 ???

מעודכן
⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Gold prices saw a third consecutive day of buyer interest, despite trading below the week's peak. Traders appear hesitant, awaiting US consumer inflation data to guide near-term strategies. This information will influence Federal Reserve decisions on interest rate cuts, impacting USD demand and potentially providing momentum for gold.

⭐️Personal comments NOVA:
Gold price is in the bullish range - wave 3 of H1 frames waiting for a break in the 2384 area. The price will show positive signs if today's CPI supports Gold

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2338 - $2340 SL $2332
TP1: $2348
TP2: $2355
TP3: $2370


🔥SELL GOLD zone: $2398 - $2400 SL $2405
TP1: $2390
TP2: $2380
TP3: $2370


⭐️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
הערה
Gold price sideways around 2380 before important CPI news today
הערה
Gold prices still show bulls in the upper hand - trading above 2380
הערה
Gold price waits for CPI news - above 2380 area
הערה
Price target above 2400 completed
הערה
Gold price surpassed 2420 mark after CPI news - positive for the market
הערה
Can Gold price break its peak this week above 2450? Wait for PPI news tomorrow
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