DOWN adjustment rhythm for UP wave
Updated
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Thursday saw an increase in Initial Jobless Claims in the United States, reaching 218,000 for the week ending December 23. This exceeded the market's prediction of 210,000. Continuing Claims also rose to 1.875 million, marking the highest level in four weeks. Additionally, November's Pending Home Sales remained unchanged, failing to meet the market's expectation of a 1% increase.
Looking ahead, gold traders will be closely monitoring the release of the Chicago Purchasing Managers' Index for December on Friday. However, given that traders are entering holiday mode as they approach 2024, this data may not prompt immediate action.
⭐️Personal comments NOVA:
After the price reached the 2090 area, it reached a new peak in the last 3 weeks. Prices have been adjusted DOWN to create more liquidity for the market
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2053 - $2055 SL $2045
TP1: $2062
TP2: $2075
TP3: $2090
🔥BUY GOLD zone: $2032 - $2034 SL $2025
TP1: $2042
TP2: $2050
TP3: $2062
Note two more Scalping support zones: 2057 - 2059 and 2046-2047
⭐️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:
Thursday saw an increase in Initial Jobless Claims in the United States, reaching 218,000 for the week ending December 23. This exceeded the market's prediction of 210,000. Continuing Claims also rose to 1.875 million, marking the highest level in four weeks. Additionally, November's Pending Home Sales remained unchanged, failing to meet the market's expectation of a 1% increase.
Looking ahead, gold traders will be closely monitoring the release of the Chicago Purchasing Managers' Index for December on Friday. However, given that traders are entering holiday mode as they approach 2024, this data may not prompt immediate action.
⭐️Personal comments NOVA:
After the price reached the 2090 area, it reached a new peak in the last 3 weeks. Prices have been adjusted DOWN to create more liquidity for the market
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2053 - $2055 SL $2045
TP1: $2062
TP2: $2075
TP3: $2090
🔥BUY GOLD zone: $2032 - $2034 SL $2025
TP1: $2042
TP2: $2050
TP3: $2062
Note two more Scalping support zones: 2057 - 2059 and 2046-2047
⭐️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
Gold price trades higher near $2,070 per troy ounce during the Asian session on Friday, recovering the recent losses from the previous session. The improvement in the US Dollar (USD) faded the shine of the yellow metal.However, the softer economic data from the United States (US) might have put a ceiling on the advance of the Greenback as it reinforces the market sentiment bias toward the dovish stance of the US Federal Reserve (Fed) in its monetary policy decisions in early 2024.
Note
Wait for DOWN corrections todayNote
The price is starting to have DOWN corrections, currently the price is trading in the 2065 areaNote
+ 35 pips , from entry BUY 2057-2059 scalpingNote
+ 45 pips , greatNote
+ 60 pipss , signal buy 2057-2059Note
+ 75 pips, signal BUY 2057-2059
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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