Slow start, rising prospects ahead!! XAU
Updated
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Investors are showing interest in buying gold (XAU/USD) at around the $1,973 level as a new week begins. This comes after a slight dip in price on Friday from a two-week high. Currently trading just below $1,985, the precious metal has seen a 0.20% increase for the day. It appears that gold is poised to continue its recent rebound from the monthly low reached last Monday, thanks to expectations of a dovish stance from the Federal Reserve (Fed).
There is a growing consensus that the Fed will maintain its current policies during its December 2023 meeting and may even start cutting interest rates in 2024. This expectation is keeping the US Dollar (USD) weak, as it hovers near its lowest level since September 1. Additionally, the deteriorating global economic outlook and geopolitical risks are further supporting the safe-haven appeal of gold and contributing to its upward movement.
⭐️Personal comments NOVA:
Prices are still in an upward price range, economic data is supporting Gold prices. Uptrend during the week is given priority
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $1967 - $1969 SL $1960
TP1: $1974
TP2: $1980
TP3: $1990
🔥SELL GOLD zone: $1998 - $2000 SL $2008
TP1: $1995
TP2: $1990
TP3: $1980
⭐️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:
Investors are showing interest in buying gold (XAU/USD) at around the $1,973 level as a new week begins. This comes after a slight dip in price on Friday from a two-week high. Currently trading just below $1,985, the precious metal has seen a 0.20% increase for the day. It appears that gold is poised to continue its recent rebound from the monthly low reached last Monday, thanks to expectations of a dovish stance from the Federal Reserve (Fed).
There is a growing consensus that the Fed will maintain its current policies during its December 2023 meeting and may even start cutting interest rates in 2024. This expectation is keeping the US Dollar (USD) weak, as it hovers near its lowest level since September 1. Additionally, the deteriorating global economic outlook and geopolitical risks are further supporting the safe-haven appeal of gold and contributing to its upward movement.
⭐️Personal comments NOVA:
Prices are still in an upward price range, economic data is supporting Gold prices. Uptrend during the week is given priority
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $1967 - $1969 SL $1960
TP1: $1974
TP2: $1980
TP3: $1990
🔥SELL GOLD zone: $1998 - $2000 SL $2008
TP1: $1995
TP2: $1990
TP3: $1980
⭐️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
The price is still moving in the trendline, falling around the 1977 zone. Short-term Scalping can be set up at the 77-78 zone.Note
+ 20 pips , signal BUY scalping 1976Note
+ 35 pips , nice buy scalpingNote
The price is approaching the 1967-1969 BUY entry zone, a falling price zoneNote
+ 25 pips , from entry BUY 1967Note
+ more 50 pips , greatNote
+ 80 pips, signal Buy 1967-1969Note
+ 110 pips, congratulationNote
+ 200 pips signal buy
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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