🥰GOLD is currently hovering around the 61.8% Fibonacci retracement level of the 1,985$ - 1,886$ drop at 1,947$, maintaining the bullish bias.
🥰The 4-hour chart shows that technical indicators are slightly down but still within overbought levels, not enough to confirm an interim top.
🥰US consumer confidence and activity data, as well as housing market data, previously supported dovish comments on the US central bank and weighed on the US dollar, which has since boost Gold price.
🥰The market is waiting for a downward correction from the $1948 - $1950 mark. That means the gold selling strategy is still active today
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🥰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
Сделка активна
SELL GOLD zone: 1949 - 1951
SL : 1956
TP1 : 1942 TP2 : 1933
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Today we will have PCE news. Accurate prediction when news is released Nova will update you guys
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Good news for the dollar, the announcement was equal to expectations but expectations were higher than previous reality, so actual PCE was high
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