Gold price adjusted DOWN !! XAU
Updated
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
During the Asian trading session on Tuesday, the price of gold (XAU/USD) is observed to be fluctuating within a narrow range. It is consolidating after experiencing losses and reaching a one-week low around the $2,015 mark on the previous day. While there is a slight decrease in global risk sentiment, which provides some support to the safe-haven precious metal, the bullish US Dollar (USD) and expectations that the Federal Reserve (Fed) may not reduce interest rates as much as initially anticipated act as obstacles.
The latest macroeconomic data from the United States continues to indicate a resilient economy, giving the Fed more room to maintain higher interest rates for a longer period. Furthermore, hawkish remarks made by several Fed officials, including Fed Chair Jerome Powell, have prompted investors to revise their expectations for a more aggressive policy easing in 2024. This shift in sentiment has contributed to the recent significant increase in US Treasury bond yields, which will likely bolster the US Dollar and limit any gains for the price of gold.
⭐️Personal comments NOVA:
Adjustment cycle DOWN, sideway after the news that the FED will not lower interest rates in March 2024
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2000 - $2002 SL $1995
TP1: $2010
TP2: $2020
TP3: $2030
🔥SELL GOLD zone: $2034 - $2036 SL $2042
TP1: $2025
TP2: $2016
TP3: $2010
⭐️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:
During the Asian trading session on Tuesday, the price of gold (XAU/USD) is observed to be fluctuating within a narrow range. It is consolidating after experiencing losses and reaching a one-week low around the $2,015 mark on the previous day. While there is a slight decrease in global risk sentiment, which provides some support to the safe-haven precious metal, the bullish US Dollar (USD) and expectations that the Federal Reserve (Fed) may not reduce interest rates as much as initially anticipated act as obstacles.
The latest macroeconomic data from the United States continues to indicate a resilient economy, giving the Fed more room to maintain higher interest rates for a longer period. Furthermore, hawkish remarks made by several Fed officials, including Fed Chair Jerome Powell, have prompted investors to revise their expectations for a more aggressive policy easing in 2024. This shift in sentiment has contributed to the recent significant increase in US Treasury bond yields, which will likely bolster the US Dollar and limit any gains for the price of gold.
⭐️Personal comments NOVA:
Adjustment cycle DOWN, sideway after the news that the FED will not lower interest rates in March 2024
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2000 - $2002 SL $1995
TP1: $2010
TP2: $2020
TP3: $2030
🔥SELL GOLD zone: $2034 - $2036 SL $2042
TP1: $2025
TP2: $2016
TP3: $2010
⭐️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 increased slightly during the Asian session, waiting to touch resistance 2034-2036Note
European trading session saw price correction DOWN approaching $2020 zone, seideway, not much notable news todayNote
Gold price continues to increase during the US session, waiting for Plan day Sell 2034-2036Note
+ 30 pips, profit PLAN DAY sell 2034-2036Note
The price continues to move sideways after touching the resistance of the daily plan. The price will have an early correction when there is not much motivation to increase the price.Note
Sideway price above 2030$, waiting for new motivation from newsNote
Trading volume is small, there has not been much volatility in the Asian session
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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