Return to RETEST entry BUY gold ! Increase

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Minneapolis Fed President Neel Kashkari's recent suggestion that the Fed may halt changes to interest rates and possibly increase the federal funds rate if inflation doesn't decline has strengthened the Dollar. This week's economic agenda includes more commentary from Fed officials, Initial Jobless Claims for the week ending May 4, and the University of Michigan Consumer Sentiment's preliminary report.

⭐️Personal comments NOVA:
Gold prices decreased when there was not much important economic data this week. Mainly sideways and back to test entry BUY $2290

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2293 - $2291 SL $2285
TP1: $2300
TP2: $2310
TP3: $2320


🔥SELL GOLD zone: $2345 - $2347 SL $2352
TP1: $2335
TP2: $2320
TP3: $2310

⭐️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
- The winner is the one who sticks with the market the longest

Comment:

Gold price moved back to the 2320 area, continuing sideways

Comment:

Gold price decreased during the Asian session, sweeping liquidity around 2315 during the European session

Comment:

A week with not much important economic news - sideway Gold price mainly $2300- $2330

Comment:

Unemployment news tomorrow, forecasts support Gold prices to continue to increase

Comment:

Wait for more price movements on tomorrow's jobless data release