GDP is the deciding factor for Gold price increase today

#XAU/USD#

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Gold prices have been steadily increasing during the North American session on Wednesday, with buyers specifically targeting the $2,200 mark. Due to a lack of significant economic events in the United States (US), investors have been purchasing gold in response to growing speculation that the Federal Reserve (Fed) may cut interest rates in June. As of now, the XAU/USD is trading at $2,192, reflecting a gain of 0.63% or $13.

The decline in US Treasury yields is supporting the price of gold, which does not generate any yield itself. The US 10-year benchmark note rate currently stands at 4.19%, having dropped by four basis points. Consequently, US real yields have also decreased from 1.914% on Tuesday to 1.87% at the time of writing, creating a headwind for the US dollar.

⭐️Personal comments NOVA:
Gold price moved close to the trend break border, trading above the $2190 area. Today's economic data is expected to continue to increase for Gold

Near-term target $2220 for Gold this week

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2178 - $2180 SL $2173
TP1: $2185
TP2: $2190
TP3: $2195


🔥SELL GOLD zone: $2220 - $2222 SL $2227
TP1: $2210
TP2: $2200
TP3: $2190

⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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