Gold's weak recovery !!! GOLD SELL
Updated
Smart investment, Strong finance
GOLDEN INFORMATION:
Risk sentiment has been the primary influencer thus far this week, with the US dollar continuing its positive momentum. Venture capital flows have remained dominant for two consecutive days, driven by concerns over China's growth and ongoing banking issues. The focus now shifts to the highly anticipated US Consumer Price Index (CPI) data on Thursday, which will provide crucial insights into the direction of both the US dollar and gold prices. This data is expected to offer fresh indications regarding the Federal Reserve's interest rate decisions for the remainder of this year.
Personal comments NOVA:
World news is favoring green coins, reducing the value of rare metals. Gold prices try to have a recovery but oak falls. The downtrend remains strong this week
SET UP GOLD PRICE:
SELL GOLD zone: $1937 - $1940 SL $1950
TP 1: $1930
TP2: $1915
BUY GOLD zone: $1912- $1910 SL $1902
TP1: $1922
TP2: 1930
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:
Risk sentiment has been the primary influencer thus far this week, with the US dollar continuing its positive momentum. Venture capital flows have remained dominant for two consecutive days, driven by concerns over China's growth and ongoing banking issues. The focus now shifts to the highly anticipated US Consumer Price Index (CPI) data on Thursday, which will provide crucial insights into the direction of both the US dollar and gold prices. This data is expected to offer fresh indications regarding the Federal Reserve's interest rate decisions for the remainder of this year.
Personal comments NOVA:
World news is favoring green coins, reducing the value of rare metals. Gold prices try to have a recovery but oak falls. The downtrend remains strong this week
SET UP GOLD PRICE:
SELL GOLD zone: $1937 - $1940 SL $1950
TP 1: $1930
TP2: $1915
BUY GOLD zone: $1912- $1910 SL $1902
TP1: $1922
TP2: 1930
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 market fluctuated quite slowly in the price range 1925-1930. May fluctuate through the US sessionNote
The price continues to fall to 1920, the buying power is getting weaker and weaker, the price may drop again tomorrow when the CPI news is releasedTrade active
price has broken through 1920 area, tomorrow price will touch 1910, trend will be clearer when CPI news is announcedNote
The price returned to the 1913 zone and bounced off entry by 10 pips. Let's wait for CPI news to be announced
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.