GDP ! Opportunities for Gold to continue rising this week
Updated
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) continues its sideways movement for the second day on Thursday, staying close to the recent record high. Traders are holding off ahead of Federal Reserve (Fed) Chair Jerome Powell's speech, which could offer insights into future interest rate cuts and influence gold’s next direction.
Meanwhile, expectations of another significant rate cut by the Fed haven't helped the US Dollar (USD) recover from its recent low. Additionally, escalating tensions in the Middle East and concerns about China's economic recovery, despite stimulus efforts, support gold as a safe-haven asset. However, with gold slightly overbought, caution is advised before betting on further gains.
⭐️Personal comments NOVA:
Uptrend is still the main trend - Today there continues to be US GDP news, waiting for the FOMO price increase to continue for Gold, a green week for XAU / USD
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2643 - $2641 SL $2638 scalping
TP1: $2648
TP2: $2652
TP3: $2660
🔥BUY GOLD zone: $2627 - $2625 SL $2620
TP1: $2635
TP2: $2645
TP3: $2660
🔥SELL GOLD zone: $2683 - $2685 SL $2690
TP1: $2670
TP2: $2655
TP3: $2640
⭐️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) continues its sideways movement for the second day on Thursday, staying close to the recent record high. Traders are holding off ahead of Federal Reserve (Fed) Chair Jerome Powell's speech, which could offer insights into future interest rate cuts and influence gold’s next direction.
Meanwhile, expectations of another significant rate cut by the Fed haven't helped the US Dollar (USD) recover from its recent low. Additionally, escalating tensions in the Middle East and concerns about China's economic recovery, despite stimulus efforts, support gold as a safe-haven asset. However, with gold slightly overbought, caution is advised before betting on further gains.
⭐️Personal comments NOVA:
Uptrend is still the main trend - Today there continues to be US GDP news, waiting for the FOMO price increase to continue for Gold, a green week for XAU / USD
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2643 - $2641 SL $2638 scalping
TP1: $2648
TP2: $2652
TP3: $2660
🔥BUY GOLD zone: $2627 - $2625 SL $2620
TP1: $2635
TP2: $2645
TP3: $2660
🔥SELL GOLD zone: $2683 - $2685 SL $2690
TP1: $2670
TP2: $2655
TP3: $2640
⭐️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
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+ 175 pips , SELL PLAN DAY 2683-2685Trade active
+ 300 pips , PLAN DAY SELL 2683-2685 . Great , HIT TP 2
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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