Downward adjustment - gold price around 4700

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GOLDEN INFORMATION:

Gold awaits US CPI inflation for fresh impetus amid US-Iran impasse

Gold has entered a phase of upside consolidation above the $4,700 level on Tuesday, having reached its highest levels in three weeks at around $4,775 in the early Asian hours. Gold bulls now await the US Consumer Price Index data for the next push higher.

⭐️Personal comments NOVA:

The market continues to consolidate and trade sideways around 4700. The downward trend is a corrective move during the Asian session on Tuesday.

⭐️SET UP GOLD PRICE

🔥SELL GOLD zone: 4770 - 4772 SL 4780
TP1: $4750
TP2: $4725
TP3: $4700

🔥BUY GOLD zone: 4650- 4648 SL 4642
TP1: $4675
TP2: $4700
TP3: $4732

⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas .

⭐️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

Haftungsausschluss

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