DOWN trend for gold!! under $2300
Updated
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) continues its steady movement below $2,300, approaching a two-week low. The Fed's unexpected hawkish stance earlier this month, predicting only one interest rate cut in 2024, bolsters US Treasury bond yields and hampers the non-yielding gold. The global equity markets' underlying bullishness also limits the upward potential of this safe-haven metal.
⭐️Personal comments NOVA:
Gold price reached the target area of $2300 yesterday, continuing the DOWN trend, waiting for price reaction when bears prevail.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2271 - $2269 SL $2264
TP1: $2276
TP2: $2284
TP3: $2290
🔥SELL GOLD zone: $2320 - $2322 SL $2327
TP1: $2310
TP2: $2300
TP3: $2290
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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 steady movement below $2,300, approaching a two-week low. The Fed's unexpected hawkish stance earlier this month, predicting only one interest rate cut in 2024, bolsters US Treasury bond yields and hampers the non-yielding gold. The global equity markets' underlying bullishness also limits the upward potential of this safe-haven metal.
⭐️Personal comments NOVA:
Gold price reached the target area of $2300 yesterday, continuing the DOWN trend, waiting for price reaction when bears prevail.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2271 - $2269 SL $2264
TP1: $2276
TP2: $2284
TP3: $2290
🔥SELL GOLD zone: $2320 - $2322 SL $2327
TP1: $2310
TP2: $2300
TP3: $2290
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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
Gold prices increased slightly in the Asian sessionNote
Gold price increased, recovering around 2310 during the European sessionNote
Gold price increased and recovered above the 2310 areaNote
+ 20 pips , signal PLAN DAY SELL 2320-2322Note
+ 30 pips , PLAN DAY SELL 2320-2322Note
Gold price increased above the 2320 area, continuing to accumulate sideways
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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