Will a short-term recovery take place?
Updated
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
During the early trading hours in Asia on Thursday, the price of gold (XAU/USD) has fallen to the $2,000 level. This decline in the value of the precious metal is driven by strong economic data in the United States, which has diminished expectations of an immediate interest rate cut. Currently, at the time of writing, the price of gold is trading at $2,007, representing a 0.07% increase for the day.
In the meantime, the US Dollar Index (DXY), which measures the value of the US dollar against its major trading partners, has surged to a new high for 2024, reaching approximately 103.70. Across the yield curve, US Treasury yields are rising, with the 10-year yield standing at 4.10%.
⭐️Personal comments NOVA:
Continuously good economic data for the US economy, the dollar recovered. Gold price decreased around 2000. Expect a slight recovery today
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $1995 - $1993 SL $1985
TP1: $2002
TP2: $2010
TP3: $2022
🔥SELL GOLD zone: $2024 - $2026 SL $2030 Scalping
TP1: $2020
TP2: $2015
TP3: $2010
🔥SELL GOLD zone: $2033 - $2035 SL $2043
TP1: $2025
TP2: $2017
TP3: $2010
⭐️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:
During the early trading hours in Asia on Thursday, the price of gold (XAU/USD) has fallen to the $2,000 level. This decline in the value of the precious metal is driven by strong economic data in the United States, which has diminished expectations of an immediate interest rate cut. Currently, at the time of writing, the price of gold is trading at $2,007, representing a 0.07% increase for the day.
In the meantime, the US Dollar Index (DXY), which measures the value of the US dollar against its major trading partners, has surged to a new high for 2024, reaching approximately 103.70. Across the yield curve, US Treasury yields are rising, with the 10-year yield standing at 4.10%.
⭐️Personal comments NOVA:
Continuously good economic data for the US economy, the dollar recovered. Gold price decreased around 2000. Expect a slight recovery today
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $1995 - $1993 SL $1985
TP1: $2002
TP2: $2010
TP3: $2022
🔥SELL GOLD zone: $2024 - $2026 SL $2030 Scalping
TP1: $2020
TP2: $2015
TP3: $2010
🔥SELL GOLD zone: $2033 - $2035 SL $2043
TP1: $2025
TP2: $2017
TP3: $2010
⭐️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
Note
Sideway price waiting for unemployment news todayNote
The Comex Gold price receives a boost near the $2,000 psychological level on Thursday as the US Dollar experiences a slight decline. This, coupled with geopolitical tensions and China's economic troubles, attracts some buyers. In the Red Sea, Houthi rebels from Yemen assert their second attack on a US-operated vessel this week and warn of further strikes in retaliation to American and British actions.Note
Good for the Dollar, Bad for Gold. Gold prices decreased slightly around the 2010 regionNote
Gold price recovered slightly around 2015 area after unemployment newsNote
Gold price suddenly increased again above the 2020 area. Strong recovery
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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