Golden Price in recovery !!! XAU increase
Updated
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
The price of gold (XAU/USD) ended on a positive note for the first time in the past three weeks due to ongoing geopolitical tensions and a recent decline in the US Dollar (USD). However, despite surpassing the 50-day Simple Moving Average (SMA), the precious metal is struggling to maintain its momentum and is experiencing a slight decline during the Asian session on Monday. This can be attributed to speculations that the Federal Reserve (Fed) will keep interest rates higher for a longer period.
Recently, market participants have revised their expectations for an early interest rate cut by the US central bank. This shift came after the release of consumer and producer prices in the US, which were higher than anticipated earlier this month. Furthermore, minutes from the late January FOMC meeting and hawkish comments from Fed officials indicated that the central bank is not eager to lower interest rates due to persistent inflation and a strong US economy.
⭐️Personal comments NOVA:
Gold price after recovery, surpassing the disputed area of $2030. Still positive for Gold
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2020 - $2022 SL $2015
TP1: $2030
TP2: $2040
TP3: $2050
🔥SELL GOLD zone: $2050 - $2048 SL $2055
TP1: $2042
TP2: $2036
TP3: $2030
⭐️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:
The price of gold (XAU/USD) ended on a positive note for the first time in the past three weeks due to ongoing geopolitical tensions and a recent decline in the US Dollar (USD). However, despite surpassing the 50-day Simple Moving Average (SMA), the precious metal is struggling to maintain its momentum and is experiencing a slight decline during the Asian session on Monday. This can be attributed to speculations that the Federal Reserve (Fed) will keep interest rates higher for a longer period.
Recently, market participants have revised their expectations for an early interest rate cut by the US central bank. This shift came after the release of consumer and producer prices in the US, which were higher than anticipated earlier this month. Furthermore, minutes from the late January FOMC meeting and hawkish comments from Fed officials indicated that the central bank is not eager to lower interest rates due to persistent inflation and a strong US economy.
⭐️Personal comments NOVA:
Gold price after recovery, surpassing the disputed area of $2030. Still positive for Gold
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2020 - $2022 SL $2015
TP1: $2030
TP2: $2040
TP3: $2050
🔥SELL GOLD zone: $2050 - $2048 SL $2055
TP1: $2042
TP2: $2036
TP3: $2030
⭐️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
Gold prices continue to recover, increasing in price during the Asian and European sessions, waiting for Scalping resistance areasNote
Gold price sideways above $2030 area waiting for important news this weekNote
Gold price decreased in the US session below the $2030 area, with a large sideways rangeNote
Gold price sideways waits for important economic news this week
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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