Sideway price range above 2050 for Gold
Updated
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
The US Dollar showed weakness against other currencies, while the US Dollar Index (DXY), which measures the value of the USD against a basket of currencies used by US trade partners, fell to its lowest level since July at around 101.45. Treasury yields decreased, with the 10-year yield at 3.89%.
Expectations of easing by the Federal Reserve have increased. The market has priced in a 15% chance of a rate cut on January 31 and fully priced in a cut on March 20, with six cuts fully priced in by the end of 2024. However, traders will be closely watching upcoming data for further guidance. It is important to note that lower interest rates benefit gold, as they reduce the opportunity cost of holding non
⭐️Personal comments NOVA:
continues sideways above the $2050 price range. The outlook for ending 2023 is strong for Gold
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2045 - $2047 SL $2038
TP1: $2055
TP2: $2068
TP3: $2080
NOTE: Pay attention to the support zone $2050-$2052. BUY SCALPING can be set up
🔥SELL GOLD zone: $2083 - $2085 SL $2090
TP1: $2075
TP2: $2068
TP3: $2060
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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:
The US Dollar showed weakness against other currencies, while the US Dollar Index (DXY), which measures the value of the USD against a basket of currencies used by US trade partners, fell to its lowest level since July at around 101.45. Treasury yields decreased, with the 10-year yield at 3.89%.
Expectations of easing by the Federal Reserve have increased. The market has priced in a 15% chance of a rate cut on January 31 and fully priced in a cut on March 20, with six cuts fully priced in by the end of 2024. However, traders will be closely watching upcoming data for further guidance. It is important to note that lower interest rates benefit gold, as they reduce the opportunity cost of holding non
⭐️Personal comments NOVA:
continues sideways above the $2050 price range. The outlook for ending 2023 is strong for Gold
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2045 - $2047 SL $2038
TP1: $2055
TP2: $2068
TP3: $2080
NOTE: Pay attention to the support zone $2050-$2052. BUY SCALPING can be set up
🔥SELL GOLD zone: $2083 - $2085 SL $2090
TP1: $2075
TP2: $2068
TP3: $2060
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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
Note
Price is currently trading around 2065, continuing to stabilize above the EMA 34, 89Note
In the European session, the price has not changed much, still fluctuating in the 2060 price rangeNote
Still in an Uptrend, prices will continue to increase by the end of 2023Note
The volume of buyers and bulls is dominant, Gold continues to increaseNote
The price is almost touching the SELL date plan 2083-2085. Let's wait for the resistance zoneNote
+ 60 pips , signal plan day Sell 2083-2085
Note
+ 80 pips , sell 2083-2085Note
Gold price is currently trading well above the 2080 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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