PCE news - gold continues to make new ATH
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices remain steady despite the Fed’s hawkish stance, as the central bank unanimously held rates at 4.25%–4.50% on Wednesday, citing a resilient economy, slow inflation progress, and a recovering job market. Meanwhile, uncertainty lingers over Trump’s tariff plans, with a Saturday deadline for 25% tariffs on Mexico and Canada and hints at broader levies exceeding the 2.5% previously suggested by Treasury Secretary Scott Bessent. The swaps market anticipates 50 bps of Fed rate cuts in 2025.
⭐️Personal comments NOVA:
Bullish Market FOMO - Waiting for New ATH 2816 to be Reached Today
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2815 - $2817 SL $2822
TP1: $2808
TP2: $2800
TP3: $2790
🔥BUY GOLD zone: $2764 - $2766 SL $2759
TP1: $2772
TP2: $2780
TP3: $2790
⭐️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
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