In his remarks at the Jackson Hole conference, Fed President reiterated his commitment to continue to closely monitor economic data, while leaving the door open to a rate hike.
GOLD prices will hardly receive strong impetus to break out without a significant increase in inflation data or a worsening job market. The yuan believes that interest rates will continue to rise, pulling the dollar up and putting pressure on GOLD prices.
🔥 Technically: Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: 1915$, 1935$, 1950$ Support : 1900$, 1880$, 1850$
GOLD looks like it's finding some upside momentum before plummeting towards the 1,885$ target again.
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🔥 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
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✅Today we have CB Consumer Confidence news. Signal I will update later
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Currently gold price is stuck in a range and is moving sideways around 1925. Gold will run very strongly tonight
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Hello friends, here is the strategy for today's news. Pay attention to selling gold around 1929 - 1932
SL : 1938
TP 1 : 1924 TP 2 : 1920 TP 3 : 1915
Manage your capital carefully and wisely. GOOD LUCK😍😍😍
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😍😍😍SELL signal 1929 - 1932 ready😍😍😍
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Gold has been sideways around 1935. I expect gold to continue falling today. Everything is still going according to plan
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