Gold slightly recovered before the DOWN trend
Updated
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
The most recent data from the United States presented a mixed picture. In January, Retail Sales experienced a decline of -0.8% on a month-to-month basis, falling short of both the previous month's numbers and the estimated contraction of -0.1%. This decrease was primarily attributed to reduced sales at auto dealerships and gasoline service stations, with stormy weather conditions further impacting sales.
At the same time, Initial Jobless Claims for the latest week stood at 212K, lower than both the forecasts and the previous week's reading of 220K. This development is somewhat unexpected, considering that claims were expected to rise following announcements of layoffs by several companies.
⭐️Personal comments NOVA:
Gold's short-term recovery in a DOWN trend, $2015 expectations. Today's economic data could help Gold get there
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $1975 - $1977 SL $1970
TP1: $1982
TP2: $1990
TP3: $2000
Pay attention to the $1980 support zone
🔥SELL GOLD zone: $2014 - $2016 SL $2020
TP1: $2010
TP2: $2000
TP3: $1990
⭐️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 most recent data from the United States presented a mixed picture. In January, Retail Sales experienced a decline of -0.8% on a month-to-month basis, falling short of both the previous month's numbers and the estimated contraction of -0.1%. This decrease was primarily attributed to reduced sales at auto dealerships and gasoline service stations, with stormy weather conditions further impacting sales.
At the same time, Initial Jobless Claims for the latest week stood at 212K, lower than both the forecasts and the previous week's reading of 220K. This development is somewhat unexpected, considering that claims were expected to rise following announcements of layoffs by several companies.
⭐️Personal comments NOVA:
Gold's short-term recovery in a DOWN trend, $2015 expectations. Today's economic data could help Gold get there
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $1975 - $1977 SL $1970
TP1: $1982
TP2: $1990
TP3: $2000
Pay attention to the $1980 support zone
🔥SELL GOLD zone: $2014 - $2016 SL $2020
TP1: $2010
TP2: $2000
TP3: $1990
⭐️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
Currently, Gold prices are still recovering slightly after a sharp drop earlier this week.Sideway very small amplitude $2002-$2005.
Note
During the early part of the European session on Friday, there is a certain level of attraction towards the price of gold (XAU/USD), as it aims to recover from a two-month low, specifically around the $1,984 region that was reached earlier this week. The bulls of the US Dollar (USD) seem to be holding back due to uncertainty regarding the rate cut path of the Federal Reserve (Fed). This uncertainty is seen as a significant factor that supports the commodity. However, there is a notable increase in the yield of US Treasury bonds, supported by the hawkish comments made by Atlanta Fed President Raphael Bostic. This increase provides some backing for the Greenback and is likely to restrict gains for gold, which does not yield any interest.Note
+ 25 pips, signal PLAN DAY , Sell 2014-2016
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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