Gold price is still in recovery and sideways
Updated
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
The price of gold has continued to rise for three consecutive days after recent economic data from the United States showed that inflation is still higher than the target set by the US Federal Reserve. Both the Consumer Price Index (CPI) and the Producer Price Index (PPI) for January exceeded expectations, surprising traders and reducing the likelihood of a rate cut by the Fed in March and May. This led to an increase in the value of the US dollar (USD), which has been on the defensive since last Tuesday. The XAU/USD pair is currently trading at $2016.30.
In response to the latest inflation reports, traders turned to gold as a means of protection. Furthermore, the decrease in yields on US Treasury bonds, specifically the 10-year note which reached a year-to-date high of 4.332%, dropped by four basis points to 4.293%. As a result, real yields, which have a negative correlation with gold prices, decreased from around 2.04% on Wednesday to 1.950%, as indicated by the yield on the US 10-year Treasury Inflation-Protected Securities (TIPS).
⭐️Personal comments NOVA:
Gold price is in a recovery phase after a sharp DECREASE back to the area below $1990. Currently on the sidelines and waiting for information from the FOMC meeting on Wednesday
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2006 - $2008 SL $2000
TP1: $2012
TP2: $2017
TP3: $2022
🔥SELL GOLD zone: $2029 - $2031 SL $2036
TP1: $2022
TP2: $2017
TP3: $2008
⭐️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:
The price of gold has continued to rise for three consecutive days after recent economic data from the United States showed that inflation is still higher than the target set by the US Federal Reserve. Both the Consumer Price Index (CPI) and the Producer Price Index (PPI) for January exceeded expectations, surprising traders and reducing the likelihood of a rate cut by the Fed in March and May. This led to an increase in the value of the US dollar (USD), which has been on the defensive since last Tuesday. The XAU/USD pair is currently trading at $2016.30.
In response to the latest inflation reports, traders turned to gold as a means of protection. Furthermore, the decrease in yields on US Treasury bonds, specifically the 10-year note which reached a year-to-date high of 4.332%, dropped by four basis points to 4.293%. As a result, real yields, which have a negative correlation with gold prices, decreased from around 2.04% on Wednesday to 1.950%, as indicated by the yield on the US 10-year Treasury Inflation-Protected Securities (TIPS).
⭐️Personal comments NOVA:
Gold price is in a recovery phase after a sharp DECREASE back to the area below $1990. Currently on the sidelines and waiting for information from the FOMC meeting on Wednesday
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2006 - $2008 SL $2000
TP1: $2012
TP2: $2017
TP3: $2022
🔥SELL GOLD zone: $2029 - $2031 SL $2036
TP1: $2022
TP2: $2017
TP3: $2008
⭐️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
Note
Gold price moves towards the $2020 trendline area, waiting for a DOWN correction reactionNote
Gold price suddenly increased sharply in the Asian and European sessions, approaching the PLAN DAY sell 2029-2031 todayNote
+ 30 pips, signal plan day SELL 2029-2031Note
+ 40 pips, signal plan day SELL 2029-2031Note
+ 55 pips, sell plan day , great 2029-2031Note
Currently the price is sideways around $2028. The $2030 resistance zone becomes difficult to overcome. Tomorrow's Fomc meeting will decide the next trend
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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