Break ! Gold recovered unexpectedly after CPI news
Updated
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices regained some ground on Thursday, rising 0.67% during the North American session following a hotter-than-expected US inflation report, balanced by weaker jobs data. However, hawkish remarks from a Federal Reserve (Fed) official limited gold’s gains. XAU/USD is trading at $2,624, rebounding from a daily low of $2,603.
While US inflation for August was slightly higher than anticipated, soft job data provided some relief. The US Department of Labor reported more unemployment claims than expected, raising the possibility of more aggressive Fed rate cuts.
⭐️Personal comments NOVA:
Gold price creates CHOCH in H1 frame - structural change from decreasing to increasing. Gold price recovered. Pay attention to the resistance zones: 2652, 2668
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2628 - $2626 SL $2623 scalping
TP1: $2634
TP2: $2640
TP3: $2650
🔥BUY GOLD zone: $2605 - $2603 SL $2598
TP1: $2615
TP2: $2622
TP3: $2633
🔥SELL GOLD zone: $2668 - $2670 SL $2675
TP1: $2660
TP2: $2650
TP3: $2640
⭐️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 prices regained some ground on Thursday, rising 0.67% during the North American session following a hotter-than-expected US inflation report, balanced by weaker jobs data. However, hawkish remarks from a Federal Reserve (Fed) official limited gold’s gains. XAU/USD is trading at $2,624, rebounding from a daily low of $2,603.
While US inflation for August was slightly higher than anticipated, soft job data provided some relief. The US Department of Labor reported more unemployment claims than expected, raising the possibility of more aggressive Fed rate cuts.
⭐️Personal comments NOVA:
Gold price creates CHOCH in H1 frame - structural change from decreasing to increasing. Gold price recovered. Pay attention to the resistance zones: 2652, 2668
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2628 - $2626 SL $2623 scalping
TP1: $2634
TP2: $2640
TP3: $2650
🔥BUY GOLD zone: $2605 - $2603 SL $2598
TP1: $2615
TP2: $2622
TP3: $2633
🔥SELL GOLD zone: $2668 - $2670 SL $2675
TP1: $2660
TP2: $2650
TP3: $2640
⭐️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 has recovered in the 2630-2650 area, waiting for resistance at 2652Order cancelled
Gold price rejected the 2652 zone, falling below the 2640 zone in the European sessionTrade active
Gold price sideways around 2640 ahead of weekend PPI dataTrade closed: stop reached
Gold price recovered - uptrend prevailed. Next week head to the higher resistance areas of 2662, 2684
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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