BREAK 2360, Gold price adjusted DOWN
Updated
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
The price of gold (XAU/USD) experienced a significant drop of over 2% on Monday, marking its largest daily decline since June 13, 2022. This decrease was primarily attributed to diminishing concerns about a broader conflict in the Middle East, which led to a reduced demand for traditional safe-haven assets. Additionally, the non-yielding yellow metal was dragged down below $2,300 levels, reaching a two-week low during the Asian session on Tuesday, due to decreased expectations of interest rate cuts by the Federal Reserve (Fed).
As a result of this recent decline, the price of gold has now corrected by more than 5% from its all-time high reached earlier this month. However, it is expected that any further decline in the price will be limited, as there is speculation that major central banks will implement interest rate cuts later this year. In light of this, traders may choose to adopt a more cautious approach and refrain from making aggressive bets, opting instead to wait on the sidelines ahead of this week's significant macroeconomic releases in the United States. These releases will commence with the flash PMIs on Tuesday.
⭐️Personal comments NOVA:
Gold price dropped sharply, BREAK through the $2360 area, entering a corrective wave around the $2300 area
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2285 - $2283 SL $2278
TP1: $2295
TP2: $2302
TP3: $2310
🔥SELL GOLD zone: $2325 - $2327 SL $2332
TP1: $2315
TP2: $2300
TP3: $2290
⭐️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:
The price of gold (XAU/USD) experienced a significant drop of over 2% on Monday, marking its largest daily decline since June 13, 2022. This decrease was primarily attributed to diminishing concerns about a broader conflict in the Middle East, which led to a reduced demand for traditional safe-haven assets. Additionally, the non-yielding yellow metal was dragged down below $2,300 levels, reaching a two-week low during the Asian session on Tuesday, due to decreased expectations of interest rate cuts by the Federal Reserve (Fed).
As a result of this recent decline, the price of gold has now corrected by more than 5% from its all-time high reached earlier this month. However, it is expected that any further decline in the price will be limited, as there is speculation that major central banks will implement interest rate cuts later this year. In light of this, traders may choose to adopt a more cautious approach and refrain from making aggressive bets, opting instead to wait on the sidelines ahead of this week's significant macroeconomic releases in the United States. These releases will commence with the flash PMIs on Tuesday.
⭐️Personal comments NOVA:
Gold price dropped sharply, BREAK through the $2360 area, entering a corrective wave around the $2300 area
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2285 - $2283 SL $2278
TP1: $2295
TP2: $2302
TP3: $2310
🔥SELL GOLD zone: $2325 - $2327 SL $2332
TP1: $2315
TP2: $2300
TP3: $2290
⭐️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
Gold price is around the 2300 support zoneNote
Gold price sideway around $2295 - $2320Note
Gold price is showing signs of strong correction today - waiting for US data PMI newsNote
+ 40 pips, SIGNAL PLAN DAY SELL 2325-2327Note
+ 65 pips , plan day SELL 2325-2327Note
+ 125 pips , great PLAN DAY 2325-2327
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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