Final GDP 2023, Last chance for price increase
Updated
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
The price of gold (XAU/USD) is showing positive momentum on Thursday and is recovering a significant portion of the decline it experienced the previous day from near the weekly high. However, the precious metal continues to trade within a well-known range that has been maintained over the past week or so. Traders are eagerly awaiting a new catalyst before taking positions for the next significant move. As a result, all eyes are on the release of the US Core Personal Consumption Expenditure (PCE) Price Index on Friday, as it has the potential to influence future policy decisions by the Federal Reserve (Fed). The outcome of this release will ultimately determine the short-term direction for this non-yielding commodity.
⭐️Personal comments NOVA:
Last chance for price increase at the end of 2023 after GDP news. Stability from the buyers prevails
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2005 - $2007 SL $2000
TP1: $2013
TP2: $2020
TP3: $2030
🔥SELL GOLD zone: $2068 - $2070 SL $2075
TP1: $2060
TP2: $2050
TP3: $2040
⭐️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:
The price of gold (XAU/USD) is showing positive momentum on Thursday and is recovering a significant portion of the decline it experienced the previous day from near the weekly high. However, the precious metal continues to trade within a well-known range that has been maintained over the past week or so. Traders are eagerly awaiting a new catalyst before taking positions for the next significant move. As a result, all eyes are on the release of the US Core Personal Consumption Expenditure (PCE) Price Index on Friday, as it has the potential to influence future policy decisions by the Federal Reserve (Fed). The outcome of this release will ultimately determine the short-term direction for this non-yielding commodity.
⭐️Personal comments NOVA:
Last chance for price increase at the end of 2023 after GDP news. Stability from the buyers prevails
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2005 - $2007 SL $2000
TP1: $2013
TP2: $2020
TP3: $2030
🔥SELL GOLD zone: $2068 - $2070 SL $2075
TP1: $2060
TP2: $2050
TP3: $2040
⭐️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
Prices are currently moving very slowly around the 2035-2040 area, waiting for fluctuations after GDP newsNote
About 15 minutes GDP and unemployment news will be announced. Let's wait for the final price increase of the yearNote
Uptrend after the news that GDP has been active, Nova's assessment always comes with high accuracyNote
AFTER GDP news, Gold price continues to trend up but has not broken through the 2050 resistance zone. If it cannot overcome this zone, the price will have a downward adjustment rhythm returning to the 2020 zone.Sell 2050-2048 SL 50 pips
TP: 100 pips
Note
+ 30 pips , from entry SELL 2050
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.