Strong breakthrough in gold price to the $1980
Updated
Smart investment, Strong finance
GOLDEN INFORMATION:
The Gold price is expected to receive support as the US Dollar continues to weaken. The USD has been struggling to recover from its lowest level since April 2022, as there is growing acceptance that the Federal Reserve will adopt a more dovish stance. This shift in the Fed's position is likely to benefit the Gold price, as it indicates that the central bank may not pursue aggressive interest rate hikes. The market is increasingly expecting the Fed to back off after the anticipated 25 basis points rate-hike at its upcoming policy meeting on July 25-26. This expectation is one of the main factors contributing to the decline in the value of the US Dollar.
Personal comments NOVA:
After many disputes at the sideway price of 1960, the gold price also pushed up to the resistance level of 1980. The combination of the falling dollar was the reason for the sharp increase in the gold price. The uptrend is still there, but must correct before turning up more
SET UP GOLD PRICE:
SELL GOLD zone: $1987 - $1990 SL $2000
TP 1: $1980
TP2: $1965
Technical analysis:
Based on technical indicators EMA 34, EMA 89 , strong resistance zone $1980 for a safe entry point
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 Gold price is expected to receive support as the US Dollar continues to weaken. The USD has been struggling to recover from its lowest level since April 2022, as there is growing acceptance that the Federal Reserve will adopt a more dovish stance. This shift in the Fed's position is likely to benefit the Gold price, as it indicates that the central bank may not pursue aggressive interest rate hikes. The market is increasingly expecting the Fed to back off after the anticipated 25 basis points rate-hike at its upcoming policy meeting on July 25-26. This expectation is one of the main factors contributing to the decline in the value of the US Dollar.
Personal comments NOVA:
After many disputes at the sideway price of 1960, the gold price also pushed up to the resistance level of 1980. The combination of the falling dollar was the reason for the sharp increase in the gold price. The uptrend is still there, but must correct before turning up more
SET UP GOLD PRICE:
SELL GOLD zone: $1987 - $1990 SL $2000
TP 1: $1980
TP2: $1965
Technical analysis:
Based on technical indicators EMA 34, EMA 89 , strong resistance zone $1980 for a safe entry point
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 trying to break through the 1980 zone. Waiting for a good signal SELL 1990
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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