Gold price bounce back, has reached the 1950 zone
Updated
Smart investment, Strong finance
GOLDEN INFORMATION:
XAU/USD touches multi-week high, around $1,940 ahead of US CPI
The value of the US dollar has been weakening, which is proving to be advantageous for the price of gold. The USD Index (DXY), which measures the performance of the US dollar against a variety of currencies, has reached its lowest point in two months. This drop is attributed to speculation that the Federal Reserve (Fed) is nearing the end of its current cycle of increasing interest rates. As a result, investors are turning towards gold, which is priced in US dollars. They believe that the Fed's ability to tighten monetary policy is limited due to signs of a cooling labor market in the US and expectations of slower consumer price growth.
Personal comments NOVA:
Gold price broke out of the breakout zone of $1930 -$1932. The possibility of returning to $1950 is very high but this is also a good entry point to sell
SET UP GOLD PRICE:
SELL GOLD zone: $1948 - $1950 SL $1960
TP 1: $1940
TP2: $1930
Technical analysis:
The price broke out of the breakout zone as in the trading model, but there is still a hard resistance zone of 1950, combine the 2 moving averages EMA34, EMA 89 to have a personal judgment above.
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:
XAU/USD touches multi-week high, around $1,940 ahead of US CPI
The value of the US dollar has been weakening, which is proving to be advantageous for the price of gold. The USD Index (DXY), which measures the performance of the US dollar against a variety of currencies, has reached its lowest point in two months. This drop is attributed to speculation that the Federal Reserve (Fed) is nearing the end of its current cycle of increasing interest rates. As a result, investors are turning towards gold, which is priced in US dollars. They believe that the Fed's ability to tighten monetary policy is limited due to signs of a cooling labor market in the US and expectations of slower consumer price growth.
Personal comments NOVA:
Gold price broke out of the breakout zone of $1930 -$1932. The possibility of returning to $1950 is very high but this is also a good entry point to sell
SET UP GOLD PRICE:
SELL GOLD zone: $1948 - $1950 SL $1960
TP 1: $1940
TP2: $1930
Technical analysis:
The price broke out of the breakout zone as in the trading model, but there is still a hard resistance zone of 1950, combine the 2 moving averages EMA34, EMA 89 to have a personal judgment above.
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
The price is still moving sideways in the $1935-$1940 zone
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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