Forming a short-term DOWN trend, correction
Updated
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
There is no important US economic news today, mainly based on technical analysis according to the Gold chart
⭐️Personal comments NOVA:
Prices are forming a downward wave pattern in the short term. According to fibonacci, Gold prices need a DOWN adjustment period to continue creating more liquidity for the market in early 2024.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2047 - $2045 SL $2040
TP1: $2052
TP2: $2060
TP3: $2074
🔥SELL GOLD zone: $2074 - $2076 SL $2080
TP1: $2068
TP2: $2060
TP3: $2050
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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:
There is no important US economic news today, mainly based on technical analysis according to the Gold chart
⭐️Personal comments NOVA:
Prices are forming a downward wave pattern in the short term. According to fibonacci, Gold prices need a DOWN adjustment period to continue creating more liquidity for the market in early 2024.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2047 - $2045 SL $2040
TP1: $2052
TP2: $2060
TP3: $2074
🔥SELL GOLD zone: $2074 - $2076 SL $2080
TP1: $2068
TP2: $2060
TP3: $2050
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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
The price is approaching the SELL 2074-2076 entry area, waiting for news of the European trading sessionNote
+ 30 pips , from entry SELL 2074-2076Note
+ 40 pips , nice signalNote
The price of gold (XAU/USD) begins the year 2024 on a positive note, showing strong stability on Tuesday due to expectations of the Federal Reserve (Fed) lowering interest rates starting in March. The factors contributing to these hopes for rate cuts are substantial improvement in inflation levels approaching 2%, as well as a more relaxed labor market resulting from a restrictive monetary policy.Note
+ 80 pips , for signal SELL 2074-2076Note
+ 100 pips , nice .Note
+ 140 pips , from entry SELL 2076. WonderfullNote
+ 180 pips , more TP 2 . NiceNote
As expected, the price is in the main downtrend, currently trading below the 2060 areaNote
After a short correction, Gold price is currently trading around 2060. Continue sideways to complete the downward correction.Trade active
XAU/ USD: Plan day 1/3/2023SET UP GOLD PRICE:
BUY GOLD zone: $2045 - $2043 SL $2038
TP1: $2052
TP2: $2060
TP3: $2070
SELL GOLD zone: $2066 - $2069 SL $2075
TP1: $2060
TP2: $2052
TP3: $2045
Good luck everyone
Note
+ 30 pips , for signal SELL 2066-2069Note
+ 50 pips , sell 2066-2069 . WinNote
+ 70 pips , sell 2066-2069. WonderfullNote
+ 120 pips , for signal SELL 2066-2069Note
+ 240 pips, for signal SELL 2066-2069Note
+ 340 pips , wow signal SELL 2066-2069Note
Price continues to trend down, excellent SELL signal. necessary adjustmentNote
The downward adjustment trend is 100% accurate.Trade active
Update: signal plan day : 5/1/2024Some comments before the news:
Weekend with 4 important economic news. It is not beyond the possibility that the price will sweep both ends up and down.
Economic data will largely support a bearish dollar for Gold, with technical charts favoring a Bearish correction.
The main trend after the news, the price continues to adjust downward to create more liquidity and then has an increasing rhythm
Wishing everyone successful trading over the weekend
Buy 2024-2022 SL 2017
TP: 2028, 2035,2040
Sell 2058-2060 SL 2065
TP: 2054,2048,2040
Note
+ 100 pips , for signal BUY 2022-2024Note
+ 180 pips , wonderfull for signal Buy 2022-2024Note
+ 250 pips , signal today buy 2022-2024Note
+ 380 pips , wonderfull for signal buy 2022-2024Note
+ 200 pips , for signal SELL 2058-2060 . Great
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
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.