Pressure from the market, Gold continues to fall
Updated
Smart investment, Strong finance
GOLDEN INFORMATION:
During the Asian session on Wednesday, the price of gold experienced a slight upward movement, partially recovering from the significant drop it had suffered the day before, which had brought it to a three-week low of $1,941. However, the XAU/USD pair struggled to fully capitalize on this modest increase and is currently trading just below the $1,950 mark. Despite this limitation, it is still up by more than 0.20% for the day.
Fitch Ratings recently downgraded the United States' Long-Term Foreign-Currency Issuer Default Rating (IDR) from 'AAA' to 'AA+'. This decision was motivated by concerns over anticipated fiscal deterioration in upcoming years as well as an erosion of governance and an increasing general debt burden. As a result of this announcement, investors have become more cautious about taking risks with their assets. This caution has been reflected in a slight decline in US equity futures and has provided some support for gold prices due to its status as a traditional safe-haven asset. Additionally, there has been some selling pressure on the US Dollar (USD) throughout intraday trading sessions which further contributes to supporting XAU/USD prices during this period.
Personal comments NOVA:
News of the week continuously favors the USD, gold price has a strong downtrend, predicting that the downtrend will still prevail during the week
SET UP GOLD PRICE:
SELL GOLD zone: $1955 - $1958 SL $1965
TP 1: $1945
TP2: $1930
BUY GOLD zone: $1931 - $1929 SL $1920
TP1: $1940
TP2: $1950
Technical analysis:
Based on technical analysis indicators EMA34, EMA89, downtrend line and support and resistance areas to give the safest signal.
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 session on Wednesday, the price of gold experienced a slight upward movement, partially recovering from the significant drop it had suffered the day before, which had brought it to a three-week low of $1,941. However, the XAU/USD pair struggled to fully capitalize on this modest increase and is currently trading just below the $1,950 mark. Despite this limitation, it is still up by more than 0.20% for the day.
Fitch Ratings recently downgraded the United States' Long-Term Foreign-Currency Issuer Default Rating (IDR) from 'AAA' to 'AA+'. This decision was motivated by concerns over anticipated fiscal deterioration in upcoming years as well as an erosion of governance and an increasing general debt burden. As a result of this announcement, investors have become more cautious about taking risks with their assets. This caution has been reflected in a slight decline in US equity futures and has provided some support for gold prices due to its status as a traditional safe-haven asset. Additionally, there has been some selling pressure on the US Dollar (USD) throughout intraday trading sessions which further contributes to supporting XAU/USD prices during this period.
Personal comments NOVA:
News of the week continuously favors the USD, gold price has a strong downtrend, predicting that the downtrend will still prevail during the week
SET UP GOLD PRICE:
SELL GOLD zone: $1955 - $1958 SL $1965
TP 1: $1945
TP2: $1930
BUY GOLD zone: $1931 - $1929 SL $1920
TP1: $1940
TP2: $1950
Technical analysis:
Based on technical analysis indicators EMA34, EMA89, downtrend line and support and resistance areas to give the safest signal.
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
price is approaching the SELL entry zone 1955Note
price is still sideways around 1945-1955. Short scalping is the strategy at the momentNote
The price is approaching the SELL entry zone 55-58Note
missing 7pips to match entry and price crashed, exactly trendingNote
Accurate confirmation: price collapsed from the 1954.7 zone to the 193x zone, Canh Buy in the 1929-1931 zoneNote
Unfortunately, the price hit 1932 and rallied. The price needs to accumulate enough force to continue the trend more clearly, sideways in the 1935-1940 price zoneNote
price after hitting the support 1930-1932, the price reaction turned momentary. Will take a short range sideways to look at the market before a more obvious trend moveNote
Update order :BUY XAU zone 1935- 1937 SL 1930
TP : 1943, 1950
Note
+ 25 PIPS FROM ENTRY 1935
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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