Monday is expected to increase slightly in price! XAU

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Moreover, concerns regarding the growth of the Chinese economy may have a negative impact on the price of gold, given that China is the largest producer and consumer of gold in the world. In the past week, the Chinese Consumer Price Index (CPI) experienced a decrease of 0.2% in October compared to the previous reading of 0%. This week, the Chinese Retail Sales and Industrial Production data will be published, providing some insights into the economic situation in China.

The most significant event to watch out for is the release of the US Consumer Price Index (CPI) on Tuesday. It is anticipated that the monthly CPI reading for October will show a slight decrease of 0.1%, while the core CPI is expected to remain unchanged at 0.3%. These developments could potentially indicate a clear direction for the price of gold.

⭐️Personal comments NOVA:
This week, the downward adjustment of Gold will still happen. However, expectations for a positive CPI at the beginning of the week could pull gold prices up a notch

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $1922 - $1924 SL $1915
TP1: $1930
TP2: $1940
TP3: $1949

🔥SELL GOLD zone: $1948 - $1950 SL $1958
TP1: $1940
TP2: $1932
TP3: $1924

⭐️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

Komentarz:

The price is moving exactly according to the chart, increasing in the short term

Komentarz:

+ 35 pips , from entry SELL 1940-1942 from chart

Komentarz:

Currently, Gold sideway around 1935-1942

Komentarz:

Price is still in the downtrend line, waiting for CPI news to have greater fluctuations

Komentarz:

+ 40 pips for signal SELL 1948-1950 , wonderfull

Komentarz:

after touching the trendline 1948-1950. Price continues to sideways in a narrow range