continue to decrease, return to price zone 2904
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
US consumer confidence saw its biggest drop since August 2021, falling to 98.3 in February from 105.3, according to the Conference Board.
Richmond Fed President Thomas Barkin said on Tuesday that he favors a wait-and-see approach on interest rates until there is clear evidence that inflation is returning to the Fed’s 2% target.
Meanwhile, Dallas Fed President Lorie Logan suggested that, over time, the Fed should prioritize purchasing shorter-term securities to better align its portfolio with Treasury issuance, as reported by Bloomberg.
⭐️Personal comments NOVA:
Still a downtrend today, back to the price range of 2900, 2890 to accumulate the uptrend
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2905 - $2903 SL $2900 scalping
TP1: $2908
TP2: $2912
TP3: $2920
🔥BUY GOLD zone: $2889 - $2887 SL $2882
TP1: $2895
TP2: $2903
TP3: $2910
🔥SELL GOLD zone: $2946 - $2948 SL $2953
TP1: $2940
TP2: $2930
TP3: $2920
⭐️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
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