⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Freshly released US data has fueled recession concerns, with the Atlanta Fed GDP Now Model slashing its Q1 2025 growth projection to -2.8%, a sharp drop from Monday’s 1.6% estimate.
Meanwhile, February’s ISM and S&P Global Manufacturing PMI readings painted a mixed picture. The ISM index edged closer to the 50 threshold, signaling a slowdown, while the S&P Global measure showed solid expansion. In response, US Treasury yields tumbled as traders increasingly priced in Federal Reserve rate cuts.
This flight to safety boosted demand for gold, propelling prices toward $2,900. Looking ahead, gold traders will turn their attention to key economic releases, including the ISM Services PMI, Initial Jobless Claims, and February’s Nonfarm Payrolls.
⭐️Personal comments NOVA:
Market sentiment is gradually improving and optimistic, expecting a new rally above 3000 after the implementation of tariffs that took effect yesterday in Canada, Mexico and China. Gold prices tend to retest the breakout zones of 2900, 2892 and 2880 to create more short-term liquidity.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2891 - $2893 SL $2888 scalping
TP1: $2896
TP2: $2900
TP3: $2905
🔥BUY GOLD zone: $2880 - $2878 SL $2873
TP1: $2888
TP2: $2895
TP3: $2910
🔥SELL GOLD zone: $2935 - $2937 SL $2942
TP1: $2928
TP2: $2920
TP3: $2910
⭐️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
⭐️GOLDEN INFORMATION:
Freshly released US data has fueled recession concerns, with the Atlanta Fed GDP Now Model slashing its Q1 2025 growth projection to -2.8%, a sharp drop from Monday’s 1.6% estimate.
Meanwhile, February’s ISM and S&P Global Manufacturing PMI readings painted a mixed picture. The ISM index edged closer to the 50 threshold, signaling a slowdown, while the S&P Global measure showed solid expansion. In response, US Treasury yields tumbled as traders increasingly priced in Federal Reserve rate cuts.
This flight to safety boosted demand for gold, propelling prices toward $2,900. Looking ahead, gold traders will turn their attention to key economic releases, including the ISM Services PMI, Initial Jobless Claims, and February’s Nonfarm Payrolls.
⭐️Personal comments NOVA:
Market sentiment is gradually improving and optimistic, expecting a new rally above 3000 after the implementation of tariffs that took effect yesterday in Canada, Mexico and China. Gold prices tend to retest the breakout zones of 2900, 2892 and 2880 to create more short-term liquidity.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2891 - $2893 SL $2888 scalping
TP1: $2896
TP2: $2900
TP3: $2905
🔥BUY GOLD zone: $2880 - $2878 SL $2873
TP1: $2888
TP2: $2895
TP3: $2910
🔥SELL GOLD zone: $2935 - $2937 SL $2942
TP1: $2928
TP2: $2920
TP3: $2910
⭐️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
Trade active
Exactly the trend, gold price adjusted 2894 and increased sharply. Unfortunately signal Buy 2893
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.
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.