Gold price continues to adjust DOWN
Updated
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) trades lower on Thursday due to a stronger US Dollar (USD) and higher US yields. The reduced expectation of a September rate cut by the Federal Reserve (Fed) is putting pressure on gold as it increases opportunity costs. The second estimate of Q1 2024 US Gross Domestic Product (GDP) will be closely watched by investors, as a stronger-than-expected reading could further strengthen the USD and weigh on gold. However, geopolitical tensions in the Middle East may support gold as a safe-haven asset. Additionally, increased demand from central banks may limit downside for gold in the near term.
⭐️Personal comments NOVA:
Gold continues its DOWN trend amid easing military tensions. Mainly waiting for US economic data to be released
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2315 - $2317 SL $2312 scalping
TP1: $2320
TP2: $2325
TP3: $2330
🔥BUY GOLD zone: $2305 - $2307 SL $2300
TP1: $2315
TP2: $2322
TP3: $2330
🔥SELL GOLD zone: $2364 - $2366 SL $2370
TP1: $2358
TP2: $2350
TP3: $2340
⭐️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 price (XAU/USD) trades lower on Thursday due to a stronger US Dollar (USD) and higher US yields. The reduced expectation of a September rate cut by the Federal Reserve (Fed) is putting pressure on gold as it increases opportunity costs. The second estimate of Q1 2024 US Gross Domestic Product (GDP) will be closely watched by investors, as a stronger-than-expected reading could further strengthen the USD and weigh on gold. However, geopolitical tensions in the Middle East may support gold as a safe-haven asset. Additionally, increased demand from central banks may limit downside for gold in the near term.
⭐️Personal comments NOVA:
Gold continues its DOWN trend amid easing military tensions. Mainly waiting for US economic data to be released
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2315 - $2317 SL $2312 scalping
TP1: $2320
TP2: $2325
TP3: $2330
🔥BUY GOLD zone: $2305 - $2307 SL $2300
TP1: $2315
TP2: $2322
TP3: $2330
🔥SELL GOLD zone: $2364 - $2366 SL $2370
TP1: $2358
TP2: $2350
TP3: $2340
⭐️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 Falling, accurate PLAN DAY chart trendNote
Gold price is still in the sideway price range - not yet surpassing the 2330 zone during the European sessionNote
Gold price breaks out of the short sideway zone at 2335, waiting for an uptrend before the newsNote
The published figures are not good for the dollar - positive for gold. Gold price increased above the 2340 zoneNote
Gold price broke the barrier - increased around $2350Note
Gold prices showed a short-term recovery at the end of the week. Currently the price dispute is at area $2350
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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