2702 ! XAU/USD offers the most positivity
Updated
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) edged lower during Friday’s Asian session but remains close to the recent record high. The US Dollar (USD) recovers some of its previous losses as traders adjust positions ahead of the US Personal Consumption Expenditure (PCE) Price Index release. This, combined with a positive market sentiment and overbought signals, creates pressure on gold.
However, expectations of more aggressive rate cuts from the Federal Reserve (Fed) may limit any significant USD gains. Additionally, ongoing geopolitical tensions in the Middle East continue to support safe-haven assets like gold, helping to cushion its decline. Traders await the US inflation data, which could impact the Fed's rate-cut plans and drive gold’s next move.
⭐️Personal comments NOVA:
Friday with PCE news brings gold's strongest week of gains - ATH target reaches 2702
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2655 - $2653 SL $2650 scalping
TP1: $2660
TP2: $2670
TP3: $2680
🔥BUY GOLD zone: $2642 - $2640 SL $2635
TP1: $2655
TP2: $2662
TP3: $2670
🔥SELL GOLD zone: $2701 - $2703 SL $2708
TP1: $2690
TP2: $2680
TP3: $2660
⭐️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:
Gold price (XAU/USD) edged lower during Friday’s Asian session but remains close to the recent record high. The US Dollar (USD) recovers some of its previous losses as traders adjust positions ahead of the US Personal Consumption Expenditure (PCE) Price Index release. This, combined with a positive market sentiment and overbought signals, creates pressure on gold.
However, expectations of more aggressive rate cuts from the Federal Reserve (Fed) may limit any significant USD gains. Additionally, ongoing geopolitical tensions in the Middle East continue to support safe-haven assets like gold, helping to cushion its decline. Traders await the US inflation data, which could impact the Fed's rate-cut plans and drive gold’s next move.
⭐️Personal comments NOVA:
Friday with PCE news brings gold's strongest week of gains - ATH target reaches 2702
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2655 - $2653 SL $2650 scalping
TP1: $2660
TP2: $2670
TP3: $2680
🔥BUY GOLD zone: $2642 - $2640 SL $2635
TP1: $2655
TP2: $2662
TP3: $2670
🔥SELL GOLD zone: $2701 - $2703 SL $2708
TP1: $2690
TP2: $2680
TP3: $2660
⭐️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
Trade active
Sideway Gold price during Asian Friday session (price range 2660-2670)Trade active
Gold price decreased around 2660 on Friday, adjusting downward before the US sessionTrade active
Gold price sideway 2660-2670 before the US session todayTrade active
PCE news results (0.1% < 0.2%) were actually lower than expected. Bad for the dollar - gold rose slightlyTrade active
Gold price adjusted down to 2660 - Fomo increased the price to stabilize the market
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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