New week with expectations of gold price recovery
Updated
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
The Federal Reserve will disclose its decision on the interest rate on Wednesday, marking its final meeting of the year. Market expectations for the December meeting suggest that there will be no alteration in rates, and there is a belief that the dot plot will decrease. However, following the release of robust employment data, the market has revised its projections for the timing of the initial rate cuts, shifting them from March to May.
⭐️Personal comments NOVA:
The week started with not much impactful news. Expect a recovery today.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $1990 - $1992 SL $1982
TP1: $2000
TP2: $2010
TP3: $2020
🔥SELL GOLD zone: $2020 - $2022 SL $2030
TP1: $2015
TP2: $2010
TP3: $2005
⭐️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 Federal Reserve will disclose its decision on the interest rate on Wednesday, marking its final meeting of the year. Market expectations for the December meeting suggest that there will be no alteration in rates, and there is a belief that the dot plot will decrease. However, following the release of robust employment data, the market has revised its projections for the timing of the initial rate cuts, shifting them from March to May.
⭐️Personal comments NOVA:
The week started with not much impactful news. Expect a recovery today.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $1990 - $1992 SL $1982
TP1: $2000
TP2: $2010
TP3: $2020
🔥SELL GOLD zone: $2020 - $2022 SL $2030
TP1: $2015
TP2: $2010
TP3: $2005
⭐️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
The price of gold (XAU/USD) experienced a decline of more than 1.5% during the day and reached a two-week low on Friday after the release of employment data from the United States (US) that exceeded expectations. The highly anticipated US jobs report demonstrated overall strength and indicated a resilient economy, causing investors to reduce their expectations for a 25 basis points (bps) interest rate cut by the Federal Reserve (Fed) in March 2024. As a result, US Treasury bond yields and the value of the US Dollar (USD) increased, putting significant downward pressure on the commodity.Note
+ 65 pips , from entry BUY 1991,5Trade active
Price is continuing its downward trend. Let's wait for the 1986-1984 support zone to set up a BUY signal Scalping TP : 50-70 pips
Note
Gold prices continue to decline, with a high possibility of ending the year below $2000
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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