ATH XAU is getting closer !! will it reach 2550 ??
Updated
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) is under pressure on Friday due to a stronger US Dollar (USD). Positive US growth data and lower Initial Jobless Claims have reduced expectations for a significant rate cut by the Federal Reserve (Fed) in September, weighing on gold. However, rising geopolitical tensions in the Middle East and the ongoing Russia-Ukraine war may increase safe-haven demand, supporting gold prices.
Investors are watching US inflation data for clues on the Fed's rate cut decision. The core Personal Consumption Expenditures (PCE) Price Index, the Fed's preferred inflation measure, is expected to rise 2.7% YoY in July, slightly up from 2.6% in June. A softer-than-expected PCE could prompt the Fed to begin a rate-cutting cycle, which would be favorable for XAU/USD.
⭐️Personal comments NOVA:
The bulls are still dominant, trying to surpass the old 2531 ATH zone. NOVA is still waiting for September - the end of August will continue to sideway and adjust downwards.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2507 - $2509 SL $2503 scalping
TP1: $2515
TP2: $2522
TP3: $2531
🔥BUY GOLD zone: $2483 - $2485 SL $2478
TP1: $2495
TP2: $2502
TP3: $2510
🔥SELL GOLD zone: $2548 - $2550 SL $2555
TP1: $2540
TP2: $2530
TP3: $2520
⭐️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) is under pressure on Friday due to a stronger US Dollar (USD). Positive US growth data and lower Initial Jobless Claims have reduced expectations for a significant rate cut by the Federal Reserve (Fed) in September, weighing on gold. However, rising geopolitical tensions in the Middle East and the ongoing Russia-Ukraine war may increase safe-haven demand, supporting gold prices.
Investors are watching US inflation data for clues on the Fed's rate cut decision. The core Personal Consumption Expenditures (PCE) Price Index, the Fed's preferred inflation measure, is expected to rise 2.7% YoY in July, slightly up from 2.6% in June. A softer-than-expected PCE could prompt the Fed to begin a rate-cutting cycle, which would be favorable for XAU/USD.
⭐️Personal comments NOVA:
The bulls are still dominant, trying to surpass the old 2531 ATH zone. NOVA is still waiting for September - the end of August will continue to sideway and adjust downwards.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2507 - $2509 SL $2503 scalping
TP1: $2515
TP2: $2522
TP3: $2531
🔥BUY GOLD zone: $2483 - $2485 SL $2478
TP1: $2495
TP2: $2502
TP3: $2510
🔥SELL GOLD zone: $2548 - $2550 SL $2555
TP1: $2540
TP2: $2530
TP3: $2520
⭐️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 sideway around 2510-2520 during Asian session FridayTrade active
Gold prices rise again above $2520 in European sessionTrade active
Gold price touched the resistance zone 2527-2530 then dropped sharply to around 2515Trade active
Sideways around the 2510-2530 price range continue to take place after today's PCE newsTrade active
+ 35 pips , signal PLAN DAY BUY 2507-2509Trade active
+ 50 pips , PLAN DAY BUY 2507-2509 , great 
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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