GOLD Gold continues to fall today

GOLD commentary on August 22 :

Gold prices consolidate within the range below the 1,902$ mark during the Asian session. Federal Reserve expectations strengthen the US Dollar and limit the upside. Weaker exposure will support and help limit losses to the safe-haven GOLD .

The daily chart of the GOLD pair shows that the downtrend is still in place.
The 2-hour chart shows that the upside is still limited for GOLD .
Meanwhile, technical indicators have lost their upward strength and are moving sideways below the moving averages, reflecting the absence of buying power.

Comment:

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:

SELL XAUUSD zone: 1902 - 1905

Stoploss : 1912

Take Profit 1 : 1898
Take Profit 2 : 1893
Take Profit 3 : 1886

Comment:

+60pips for everyone✅✅

Trade closed: target reached:

+120pip. It's great that the strategy won✅✅✅✅