The strong downtrend shows no signs of recovery
Updated
Smart investment, Strong finance
GOLDEN INFORMATION:
ETF investors and speculative financial investors are retreating as a result of a stronger US Dollar and increasing bond yields. Yields on ten-year US Treasuries have reached their highest level since November 2022, standing at 4.2%. After deducting market-based inflation expectations, the real interest rate now surpasses 1.8%. The rise in real interest rates translates to higher opportunity costs for holding Gold, which doesn't yield any interest itself.
Gold ETFs tracked by Bloomberg have experienced significant outflows since July, with ETF investors withdrawing a total of 60 tons of Gold. Furthermore, there is cause for concern as speculative financial investors in Gold have also started selling recently.
Personal comments NOVA:
With increasing selling pressure, investors are gradually turning to more dollar reserves. That's why the price of gold dropped even more
SET UP GOLD PRICE:
BUY GOLD zone: $1894 - $1897 SL $1885
TP 1: $1903
TP2: $1910
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
GOLDEN INFORMATION:
ETF investors and speculative financial investors are retreating as a result of a stronger US Dollar and increasing bond yields. Yields on ten-year US Treasuries have reached their highest level since November 2022, standing at 4.2%. After deducting market-based inflation expectations, the real interest rate now surpasses 1.8%. The rise in real interest rates translates to higher opportunity costs for holding Gold, which doesn't yield any interest itself.
Gold ETFs tracked by Bloomberg have experienced significant outflows since July, with ETF investors withdrawing a total of 60 tons of Gold. Furthermore, there is cause for concern as speculative financial investors in Gold have also started selling recently.
Personal comments NOVA:
With increasing selling pressure, investors are gradually turning to more dollar reserves. That's why the price of gold dropped even more
SET UP GOLD PRICE:
BUY GOLD zone: $1894 - $1897 SL $1885
TP 1: $1903
TP2: $1910
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
Note
+ 30 pips , from entry 1895,2
Dear My Friends,
NOVA returns and updates new information
✅ Gold Scalping Signal: 4 - 6 signals.
✅ Forex Signal: 5 - 8 signals.
✅ Trading Idea / Setup / Technical.
✅ NEW UPDATE : Signals free in Telegram:
t.me/+1mFSljRaI5RlNjg1
NOVA returns and updates new information
✅ Gold Scalping Signal: 4 - 6 signals.
✅ Forex Signal: 5 - 8 signals.
✅ Trading Idea / Setup / Technical.
✅ NEW UPDATE : Signals free in Telegram:
t.me/+1mFSljRaI5RlNjg1
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