$2500 large accumulation price zone! XAU decrease
Updated
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) slipped on Tuesday due to a stronger US Dollar and rising US Treasury yields. However, expectations that the Federal Reserve might cut interest rates in September could support gold, as lower rates reduce the cost of holding non-yielding assets. Additionally, ongoing geopolitical tensions in the Middle East may boost demand for safe-haven assets like gold.
Looking ahead, the ISM Manufacturing PMI is set to be released on Tuesday, and the key focus will be on the US Nonfarm Payrolls (NFP) report for August, which could influence the Fed's rate decision and impact gold prices in the near term.
⭐️Personal comments NOVA:
Gold prices enter September with high expectations for volatility and new price increases. Correction to reach new ATH continues this year
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2472 - $2470 SL $2465
TP1: $2480
TP2: $2495
TP3: $2510
🔥SELL GOLD zone: $2509 - $2511 SL $2514 scalping
TP1: $2504
TP2: $2498
TP3: $2490
🔥SELL GOLD zone: $2527 - $2529 SL $2534
TP1: $2520
TP2: $2510
TP3: $2500
⭐️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:
Gold prices (XAU/USD) slipped on Tuesday due to a stronger US Dollar and rising US Treasury yields. However, expectations that the Federal Reserve might cut interest rates in September could support gold, as lower rates reduce the cost of holding non-yielding assets. Additionally, ongoing geopolitical tensions in the Middle East may boost demand for safe-haven assets like gold.
Looking ahead, the ISM Manufacturing PMI is set to be released on Tuesday, and the key focus will be on the US Nonfarm Payrolls (NFP) report for August, which could influence the Fed's rate decision and impact gold prices in the near term.
⭐️Personal comments NOVA:
Gold prices enter September with high expectations for volatility and new price increases. Correction to reach new ATH continues this year
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2472 - $2470 SL $2465
TP1: $2480
TP2: $2495
TP3: $2510
🔥SELL GOLD zone: $2509 - $2511 SL $2514 scalping
TP1: $2504
TP2: $2498
TP3: $2490
🔥SELL GOLD zone: $2527 - $2529 SL $2534
TP1: $2520
TP2: $2510
TP3: $2500
⭐️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
Trade active
Gold price increased slightly in the Asian session: continuing to trade around the 2490-2500 markTrade active
Gold prices continued to increase during the European session, surpassing the 2500 markTrade active
Gold prices show that sellers are still trying to hold in the 2490 -2510 area. Let's wait for PMI news todayTrade active
Gold price decreased according to comments: from 2507 to 2475. Adjustment rhythm before interest rate informationTrade active
Gold's downward adjustment may continue stronger in the following days
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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