Huge border jam XAU 2625 - 2671! wait for ADP-NF
Updated
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) dipped during early European trading on Wednesday, giving back part of the previous day's 1% surge, which was driven by escalating tensions in the Middle East. Concerns of a wider conflict rose after Iran fired ballistic missiles at Israel, increasing demand for the safe-haven asset. However, reduced expectations for aggressive rate cuts by the Federal Reserve (Fed) limited further gains for gold.
At the same time, the US Dollar held onto its recent recovery, supported by a resilient labor market, which also weighed on gold. Despite this, XAU/USD remains close to last week's record high, with the overall outlook still favoring bulls. Traders now await the US ADP employment report for direction, ahead of Friday's key Nonfarm Payrolls data.
⭐️Personal comments NOVA:
Gold prices rose sharply after yesterday's war news - but fell sharply afterwards - moving within a large range awaiting this week's ADP-NF and NF data
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2635 - $2637 SL $2630
TP1: $2645
TP2: $2660
TP3: $2672
🔥BUY GOLD zone: $2620 - $2622 SL $2615
TP1: $2635
TP2: $2645
TP3: $2660
🔥SELL GOLD zone: $2681 - $2683 SL $2688
TP1: $2670
TP2: $2660
TP3: $2650
⭐️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 (XAU/USD) dipped during early European trading on Wednesday, giving back part of the previous day's 1% surge, which was driven by escalating tensions in the Middle East. Concerns of a wider conflict rose after Iran fired ballistic missiles at Israel, increasing demand for the safe-haven asset. However, reduced expectations for aggressive rate cuts by the Federal Reserve (Fed) limited further gains for gold.
At the same time, the US Dollar held onto its recent recovery, supported by a resilient labor market, which also weighed on gold. Despite this, XAU/USD remains close to last week's record high, with the overall outlook still favoring bulls. Traders now await the US ADP employment report for direction, ahead of Friday's key Nonfarm Payrolls data.
⭐️Personal comments NOVA:
Gold prices rose sharply after yesterday's war news - but fell sharply afterwards - moving within a large range awaiting this week's ADP-NF and NF data
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2635 - $2637 SL $2630
TP1: $2645
TP2: $2660
TP3: $2672
🔥BUY GOLD zone: $2620 - $2622 SL $2615
TP1: $2635
TP2: $2645
TP3: $2660
🔥SELL GOLD zone: $2681 - $2683 SL $2688
TP1: $2670
TP2: $2660
TP3: $2650
⭐️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 dropped to the 2645-2655 range, anxiously waiting for ADP-NF newsTrade active
Price decreased sideways around 2640-2650 before ADP-NF newsTrade active
Actual data was higher than forecast ( 143K > 124K ) good for the dollar . Gold price hasn't changed much, decreased slightly and increased around 2660
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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