$2802 ! New ATH heading to XAU
Updated
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) trade within a narrow range in the Asian session on Thursday, consolidating recent record highs. The US Dollar (USD) finds some support as it recovers from a corrective slide, fueled by strong economic data and expectations of a gradual rate-cut approach by the Federal Reserve (Fed). Rising US Treasury yields, spurred by fiscal deficit concerns, and slightly overbought technical conditions limit further gains for Gold.
Traders are cautious, awaiting the release of the US Personal Consumption Expenditure (PCE) Price Index and the Nonfarm Payrolls (NFP) report on Friday for insights into the Fed's rate trajectory. Despite these factors, any significant pullback for Gold remains unlikely amid continued safe-haven demand driven by US election uncertainty and Middle East tensions.
⭐️Personal comments NOVA:
still a short-term and long-term uptrend - next target $2802, FOMO from the market may last all week before the November 5 election
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2802 - $2804 SL $2809
TP1: $2795
TP2: $2780
TP3: $2770
🔥BUY GOLD zone: $2757 - $2755 SL $2750
TP1: $2762
TP2: $2770
TP3: $2780
⭐️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
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) trade within a narrow range in the Asian session on Thursday, consolidating recent record highs. The US Dollar (USD) finds some support as it recovers from a corrective slide, fueled by strong economic data and expectations of a gradual rate-cut approach by the Federal Reserve (Fed). Rising US Treasury yields, spurred by fiscal deficit concerns, and slightly overbought technical conditions limit further gains for Gold.
Traders are cautious, awaiting the release of the US Personal Consumption Expenditure (PCE) Price Index and the Nonfarm Payrolls (NFP) report on Friday for insights into the Fed's rate trajectory. Despite these factors, any significant pullback for Gold remains unlikely amid continued safe-haven demand driven by US election uncertainty and Middle East tensions.
⭐️Personal comments NOVA:
still a short-term and long-term uptrend - next target $2802, FOMO from the market may last all week before the November 5 election
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2802 - $2804 SL $2809
TP1: $2795
TP2: $2780
TP3: $2770
🔥BUY GOLD zone: $2757 - $2755 SL $2750
TP1: $2762
TP2: $2770
TP3: $2780
⭐️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
Trade active
Gold price is slow - sideway in Asian session. Waiting for news todayOrder cancelled
slight downward adjustment in the European session below 2780 - get liquidityTrade active
Interesting unemployment data (actual numbers lower than forecast (216K < 229K) good for dollar - gold reacts downTrade closed: stop reached
Truly amazing drop to 2731 - market sold off when US unemployment data released was good for USD
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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