Recovery for gold before today's Unemployment Claims news
Updated
Smart investment, Strong finance
GOLDEN INFORMATION:
The price of gold (XAU/USD) has surged to its highest point in two weeks, marking the fifth consecutive day of gains. This uptrend can be attributed to optimism among buyers who are relieved by diminishing worries about potential interest rate hikes. The positive sentiment is further bolstered by upcoming speeches from central bankers at the annual Jackson Hole Symposium event and the release of important economic data from the United States. Recently released Purchasing Managers Index (PMI) figures for August have been lackluster across developed economies, including the US, which has renewed concerns regarding changes in central bank policies. These concerns have put pressure on the US dollar and contributed to an increase in demand for gold.
Personal comments NOVA:
After yesterday's PMI news, the bad news for the dollar contributed to helping gold prices rise to the $1920 region, with Unemployment Claims news predicting that gold prices will continue to rise and then fall to the $1900 region.
SET UP GOLD PRICE:
BUY GOLD zone: $1904 - $1907 SL $1895
TP 1: $1910
TP2: $1916
SELL GOLD : before Unemployment Claims
Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas with FIBONANCY 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) has surged to its highest point in two weeks, marking the fifth consecutive day of gains. This uptrend can be attributed to optimism among buyers who are relieved by diminishing worries about potential interest rate hikes. The positive sentiment is further bolstered by upcoming speeches from central bankers at the annual Jackson Hole Symposium event and the release of important economic data from the United States. Recently released Purchasing Managers Index (PMI) figures for August have been lackluster across developed economies, including the US, which has renewed concerns regarding changes in central bank policies. These concerns have put pressure on the US dollar and contributed to an increase in demand for gold.
Personal comments NOVA:
After yesterday's PMI news, the bad news for the dollar contributed to helping gold prices rise to the $1920 region, with Unemployment Claims news predicting that gold prices will continue to rise and then fall to the $1900 region.
SET UP GOLD PRICE:
BUY GOLD zone: $1904 - $1907 SL $1895
TP 1: $1910
TP2: $1916
SELL GOLD : before Unemployment Claims
Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas with FIBONANCY 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
Bulls are trying to get close to the 1925 price zone, waiting for today's newsNote
Gold price decline tends to return to 1910 area, selling pressure from investors is quite high, causing gold price to continue to fall.Waiting for entry Buy 1904-1907
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
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.