GOLD Strategy for Profit Weekend
Updated
Strategy and analysis 
GOLD
Gold fell to a near 6-month low as on Thursday the US Treasury yields edged higher and the strong dollar delivered a one-of-a-kind punch to the bulls yellow metal.
Minutes of the Fed's July meeting showed midweek that most members of the rate-setting committee favored higher rates to curb inflation.
The prospect of higher US interest rates bodes ill for gold, as it increases the opportunity cost of investing in non-yielding assets. This perception has battered the yellow metal until 2023 and is expected to continue to weigh on gold until the Fed decides to start cutting rates.
GOLDGold fell to a near 6-month low as on Thursday the US Treasury yields edged higher and the strong dollar delivered a one-of-a-kind punch to the bulls yellow metal.
Minutes of the Fed's July meeting showed midweek that most members of the rate-setting committee favored higher rates to curb inflation.
The prospect of higher US interest rates bodes ill for gold, as it increases the opportunity cost of investing in non-yielding assets. This perception has battered the yellow metal until 2023 and is expected to continue to weigh on gold until the Fed decides to start cutting rates.
Comment
The main signal is to SELL around the price zone 1902 - 1905Stoploss : 1912
TP : 1895
TP : 1890
Trade active
There is no notable news today, so everyone trade gently to preserve profitsComment
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
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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