Gold inched closer to the $1,900 mark on Friday following a disappointing US June jobs report, which suggested that the Federal Reserve's aggressive stance on monetary policy had softened. As policymakers gathered to evaluate the next interest rate decision in three weeks' time.
If gold fails to maintain a daily close above the $1910-$1900 range this week, its correction phase will be prolonged, potentially pushing the price down towards $1885, $1866, and $1845.
On the other hand, if economic data supports gold and the price surpasses and holds above the $1932 level, there is a strong possibility of a continued recovery, with the price potentially surpassing the $1950 mark.
Nova believes we can ste up at:
SELL GOLD PRICE AT: $1926 -$1928
or BIG SELL GOLD PRICE AT: $1933 - $1935 SL $1945
The bad news is still weighing on the gold price, making it not possible for the gold price to break out strongly
Follow the 34, 89 EMAs and resistance areas to determine the best SELL entry.
Nova hopes this article can help people have the right assessment of the gold price on October 7, 2023
If gold fails to maintain a daily close above the $1910-$1900 range this week, its correction phase will be prolonged, potentially pushing the price down towards $1885, $1866, and $1845.
On the other hand, if economic data supports gold and the price surpasses and holds above the $1932 level, there is a strong possibility of a continued recovery, with the price potentially surpassing the $1950 mark.
Nova believes we can ste up at:
SELL GOLD PRICE AT: $1926 -$1928
or BIG SELL GOLD PRICE AT: $1933 - $1935 SL $1945
The bad news is still weighing on the gold price, making it not possible for the gold price to break out strongly
Follow the 34, 89 EMAs and resistance areas to determine the best SELL entry.
Nova hopes this article can help people have the right assessment of the gold price on October 7, 2023
Note
right trendNote
Gold is still sideways in a small price range of $1921 - $1926. Let's wait for the price to enter the beautiful entry areas like the analysis aboveNote
Gold price is still sideways in the price zone $1915 - $1925
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.