Gold price short-term decrease H1 frame - soon create new ATH
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
The US Dollar draws in dip-buyers after yesterday’s pullback from a two-year high, potentially preventing bullish momentum from driving further gains in the commodity. On Tuesday, the release of Job Openings and Labor Turnover Survey (JOLTS) and Factory Orders data could offer fresh support to both the USD and gold prices.
⭐️Personal comments NOVA:
Gold price is decreasing in H1 trendline, selling force is weakening, if the market continues to sweep liquidity, the BUY price zone 2781-2783 will be safe for the uptrend
⭐️SET UP GOLD PRICE:
🔥 BUY GOLD zone: $2781 - $2783 SL $2778 SCALPING
TP1: $2786
TP2: $2790
TP3: $2795
⭐️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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