Gold is forming a correction rhythm ! Increase

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Gold price fell slightly on Tuesday in the North American session due to a weaker-than-expected S&P Global Purchasing Managers Index (PMI) report. Despite the Greenback's weakness, buyers were unable to take advantage, while US Treasury yields declined. XAU/USD traded at $2,323, down 0.11%. The US 10-year Treasury yield remained steady at 4.402%, while US real yields, which have an inverse relationship with gold prices, dropped 0.41% to 2.192%, benefiting the precious metal.

⭐️Personal comments NOVA:
Gold prices are showing a downward adjustment after a strong price increase in early April. They will continue to decrease after military tensions show signs of cooling down.

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2283 - $2285 SL $2278
TP1: $2295
TP2: $2302
TP3: $2310


🔥SELL GOLD zone: $2347 - $2350 SL $2355
TP1: $2335
TP2: $2320
TP3: $2300

⭐️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 (XAU/USD) rises in Asian session, aiming to extend gains from previous day's rebound. US PMI data showed economic slowdown in Q2, keeping USD weak. This supports gold, but expectations of prolonged higher interest rates by the Fed may hinder its growth.

Comment:

Gold price decreased during the Asian session below the $2,320 area

Comment:

Sideway prices around the 2315 - 2330 area during the Asian and European sessions

Comment:

Gold price returned to the $2330 area after some US economic data was announced that was bad for the dollar - Gold increased slightly