Gold cumulative price range , next week
Updated
✍️ NOVA hello everyone, Let's comment on gold price next week from 6/11 - 11/11/2023
🔥 World situation:
The XAU/USD price rose to a high just below $2,005 on Friday after the release of the US Nonfarm Payrolls (NFP) report, which was the worst in almost 3 years. However, the price of gold recovered and ended the day near $1,992.50.
The NFP report for October showed that the US added only 150 thousand jobs, compared to the previous month's impressive reading of 297 thousand job additions, which was later revised downward from the initial figure of 336K. Initially, market expectations were for an October reading of 180K, and the lower-than-expected result has led to a surge in global markets as investors anticipate the end of Federal Reserve (Fed) rate hikes.
🔥 Identify:
Nova still supports the uptrend, it is possible that Gold prices will continue to accumulate around the 1980-2000 price range and then continue to increase.
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $2008, $2023, $2040
Support : $1972, $1948
🔥 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
🔥 World situation:
The XAU/USD price rose to a high just below $2,005 on Friday after the release of the US Nonfarm Payrolls (NFP) report, which was the worst in almost 3 years. However, the price of gold recovered and ended the day near $1,992.50.
The NFP report for October showed that the US added only 150 thousand jobs, compared to the previous month's impressive reading of 297 thousand job additions, which was later revised downward from the initial figure of 336K. Initially, market expectations were for an October reading of 180K, and the lower-than-expected result has led to a surge in global markets as investors anticipate the end of Federal Reserve (Fed) rate hikes.
🔥 Identify:
Nova still supports the uptrend, it is possible that Gold prices will continue to accumulate around the 1980-2000 price range and then continue to increase.
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $2008, $2023, $2040
Support : $1972, $1948
🔥 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 prices on Monday did not have many strong fluctuations
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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