Gold prices hit record highs !! XAU increase
Updated
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
The price of gold (XAU/USD) has capitalized on its recent breakout momentum and reached a new record high, around the $2,152 range on Wednesday. This surge comes as there are expectations for an imminent change in the Federal Reserve's (Fed) policy stance. Fed Chair Jerome Powell's remarks have reinforced these expectations, stating that the central bank anticipates lowering its benchmark interest rate later this year. However, Minneapolis Fed President Neel Kashkari downplays speculations of a more aggressive easing of policies, providing some support for the US Dollar (USD) and preventing it from further declining to its lowest level since February. Consequently, this curbs additional gains for gold, especially considering the extreme overextension seen on the daily chart.
Simultaneously, any significant corrective decline in the price of gold appears unlikely due to ongoing geopolitical tensions. Furthermore, concerns regarding China's economic slowdown, as the second-largest economy globally, may continue to serve as a supportive factor for this safe-haven precious metal. Additionally, investors may choose to remain cautious ahead of Powell's second day of testimony before the Senate Banking Committee and the release of the highly anticipated US monthly employment data.
⭐️Personal comments NOVA:
Gold price reached a record high price of over $2,160. The buying pressure is huge, the next target is $2180
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2134 - $2132 SL $2128
TP1: $2140
TP2: $2150
TP3: $2160
🔥SELL GOLD zone: $2180 - $2178 SL $2185
TP1: $2170
TP2: $2160
TP3: $2153
⭐️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 price of gold (XAU/USD) has capitalized on its recent breakout momentum and reached a new record high, around the $2,152 range on Wednesday. This surge comes as there are expectations for an imminent change in the Federal Reserve's (Fed) policy stance. Fed Chair Jerome Powell's remarks have reinforced these expectations, stating that the central bank anticipates lowering its benchmark interest rate later this year. However, Minneapolis Fed President Neel Kashkari downplays speculations of a more aggressive easing of policies, providing some support for the US Dollar (USD) and preventing it from further declining to its lowest level since February. Consequently, this curbs additional gains for gold, especially considering the extreme overextension seen on the daily chart.
Simultaneously, any significant corrective decline in the price of gold appears unlikely due to ongoing geopolitical tensions. Furthermore, concerns regarding China's economic slowdown, as the second-largest economy globally, may continue to serve as a supportive factor for this safe-haven precious metal. Additionally, investors may choose to remain cautious ahead of Powell's second day of testimony before the Senate Banking Committee and the release of the highly anticipated US monthly employment data.
⭐️Personal comments NOVA:
Gold price reached a record high price of over $2,160. The buying pressure is huge, the next target is $2180
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2134 - $2132 SL $2128
TP1: $2140
TP2: $2150
TP3: $2160
🔥SELL GOLD zone: $2180 - $2178 SL $2185
TP1: $2170
TP2: $2160
TP3: $2153
⭐️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
Gold price is currently adjusting slightly, an inevitable thing for the UptrendNote
Gold price is sideways, still the scenario a few days ago, higher price ranges are waiting for GoldNote
Gold price continues to increase, reaching the highest price of $2,164 and is reacting to a slight correctionNote
The Fed meeting took place with inconsistent information, gold prices were very sideways around below $2164
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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