A period of excitement and optimism for Gold
Updated
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
The price of gold (XAU/USD) increased to a level not seen in nine weeks, just below the $2,100 threshold, early on Monday during Asian trading hours. Speculation about potential interest rate cuts later this year was fueled by discouraging economic data from the United States on Friday. Additionally, the decline in US Treasury yields gave further momentum to the upward trend in investor demand for gold. As of now, the price of gold stands at $2,085.55, showing no change throughout the day.
According to data released by the Institute for Supply Management (ISM) on Friday, the US Manufacturing PMI fell to 47.8 in February from 49.1 in the previous reading. This marks the 16th consecutive month that the index has remained below 50, which indicates a contraction in the manufacturing sector.
⭐️Personal comments NOVA:
In an optimistic period for Gold, Gold prices need a downward adjustment if they want to surpass the 2100 mark in the first quarter of 2024.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2064 - $2066 SL $2060
TP1: $2070
TP2: $2076
TP3: $2082
🔥SELL GOLD zone: $2093 - $2095 SL $2100
TP1: $2088
TP2: $2080
TP3: $2070
⭐️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 price of gold (XAU/USD) increased to a level not seen in nine weeks, just below the $2,100 threshold, early on Monday during Asian trading hours. Speculation about potential interest rate cuts later this year was fueled by discouraging economic data from the United States on Friday. Additionally, the decline in US Treasury yields gave further momentum to the upward trend in investor demand for gold. As of now, the price of gold stands at $2,085.55, showing no change throughout the day.
According to data released by the Institute for Supply Management (ISM) on Friday, the US Manufacturing PMI fell to 47.8 in February from 49.1 in the previous reading. This marks the 16th consecutive month that the index has remained below 50, which indicates a contraction in the manufacturing sector.
⭐️Personal comments NOVA:
In an optimistic period for Gold, Gold prices need a downward adjustment if they want to surpass the 2100 mark in the first quarter of 2024.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2064 - $2066 SL $2060
TP1: $2070
TP2: $2076
TP3: $2082
🔥SELL GOLD zone: $2093 - $2095 SL $2100
TP1: $2088
TP2: $2080
TP3: $2070
⭐️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 prices move slowly, not much has changed during the Asian trading sessionNote
Gold price hits strong resistance at $2088, continues to DOWN, adjust, accumulateNote
Gold price decreased and adjusted around $2080, waiting for the US sessionNote
+ 25 pips, signal PLAN DAY SELL 2093-2095Note
Gold price continued its large increase this week when it touched the $2,120 areaNote
Gold price has not had a correction and continues to increase strongly above $2,110
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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