GOLD/USD has risen above 2000 ?
Updated
Smart investment, Strong finance
GOLDEN INFORMATION:
The uncertainty surrounding the Federal Reserve's decision on interest rate hikes is impacting the XAU/USD market. Currently, the markets are not expecting any further rate hikes after the expected 25 basis points increase at the upcoming Federal Open Market Committee meeting. However, recent positive Initial Jobless Claims data from the US suggests a strong labor market, which could potentially lead to more tightening by the Fed. This leaves doubts about whether the Fed will adopt a more cautious approach or stick to its forecast of a 50 basis points rate hike by the end of the year.
Personal comments NOVA:
With a lot of bad news continuously for the DOLLAR, Gold has had a remarkable recovery, but the ability to surpass the 2000 mark is still very difficult. Expectation that gold price can return to the 1980 zone, the most likely possibility next week
SET UP GOLD PRICE:
BUY GOLD zone: $1959 - $1961 SL $1950
TP 1: $1972
TP2: $1980
Technical analysis:
based on technical indicators moving average EMA 34 , EMA89 plus safe support zone 1960 to LIT BUY safely at this price zone
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:
The uncertainty surrounding the Federal Reserve's decision on interest rate hikes is impacting the XAU/USD market. Currently, the markets are not expecting any further rate hikes after the expected 25 basis points increase at the upcoming Federal Open Market Committee meeting. However, recent positive Initial Jobless Claims data from the US suggests a strong labor market, which could potentially lead to more tightening by the Fed. This leaves doubts about whether the Fed will adopt a more cautious approach or stick to its forecast of a 50 basis points rate hike by the end of the year.
Personal comments NOVA:
With a lot of bad news continuously for the DOLLAR, Gold has had a remarkable recovery, but the ability to surpass the 2000 mark is still very difficult. Expectation that gold price can return to the 1980 zone, the most likely possibility next week
SET UP GOLD PRICE:
BUY GOLD zone: $1959 - $1961 SL $1950
TP 1: $1972
TP2: $1980
Technical analysis:
based on technical indicators moving average EMA 34 , EMA89 plus safe support zone 1960 to LIT BUY safely at this price zone
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
The current price has not fluctuated too muchNote
correct trend , price is moving towards the entry support zone 1961-1963Trade closed manually
+ 80 pips , from entry BUY 1959
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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