⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
The US labor market showed signs of slowing last month, reinforcing expectations that the Federal Reserve will proceed with multiple rate cuts this year. This sentiment pressured the US Dollar while boosting the price of USD-denominated commodities.
Data from the US Bureau of Labor Statistics (BLS) on Friday revealed that Nonfarm Payrolls (NFP) rose by 151,000 in February, following January’s upwardly revised 125,000 (previously 143,000), falling short of the 160,000 market forecast.
Meanwhile, the Unemployment Rate edged up to 4.1% from 4.0% in January, while annual wage inflation, measured by Average Hourly Earnings, ticked higher to 4.0% from 3.9%, though it was revised down from an initial 4.1%.
⭐️Personal comments NOVA:
Gold price is sideways around 2910 at the beginning of the week, H1 frame shows head and shoulders pattern, downtrend
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2928 - $2930 SL $2935
TP1: $2920
TP2: $2910
TP3: $2900
🔥BUY GOLD zone: $2891 - $2893 SL $2886
TP1: $2900
TP2: $2910
TP3: $2920
⭐️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
⭐️GOLDEN INFORMATION:
The US labor market showed signs of slowing last month, reinforcing expectations that the Federal Reserve will proceed with multiple rate cuts this year. This sentiment pressured the US Dollar while boosting the price of USD-denominated commodities.
Data from the US Bureau of Labor Statistics (BLS) on Friday revealed that Nonfarm Payrolls (NFP) rose by 151,000 in February, following January’s upwardly revised 125,000 (previously 143,000), falling short of the 160,000 market forecast.
Meanwhile, the Unemployment Rate edged up to 4.1% from 4.0% in January, while annual wage inflation, measured by Average Hourly Earnings, ticked higher to 4.0% from 3.9%, though it was revised down from an initial 4.1%.
⭐️Personal comments NOVA:
Gold price is sideways around 2910 at the beginning of the week, H1 frame shows head and shoulders pattern, downtrend
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2928 - $2930 SL $2935
TP1: $2920
TP2: $2910
TP3: $2900
🔥BUY GOLD zone: $2891 - $2893 SL $2886
TP1: $2900
TP2: $2910
TP3: $2920
⭐️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
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.