Uptrend at the end of April 2024 !!! XAU
Updated
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
The likelihood of the US Federal Reserve keeping interest rates unchanged this year is increasing. Last week, John Williams, the President of the New York Fed, mentioned that he doesn't consider another rate hike as his primary scenario. However, if the data suggests that the Fed needs to raise rates in order to achieve its objectives, then the Fed would naturally want to take action. Austan Goolsbee, the President of the Chicago Fed, stated that progress in inflation has come to a halt and that the Fed's current restrictive policy is appropriate. Raphael Bostic, the President of the Atlanta Fed, emphasized that the Fed will not reduce rates until the end of the year. The shift towards a more hawkish market sentiment could diminish the attractiveness of non-yielding metals and exert downward pressure on the price of gold.
⭐️Personal comments NOVA:
Gold price decreased at the beginning of the second session, showing that the price range is stuck in two Uptrend lines.
The upward price momentum is still likely to continue in the near future
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2338 - $2336 SL $2330
TP1: $2350
TP2: $2364
TP3: $2380
BUY GOLD zone: 2371.5 - 2370 SL $2366
TP: 40 - 70 - 100 pips
🔥SELL GOLD zone: $2412 - $2414 SL $2420
TP1: $2400
TP2: $2390
TP3: $2380
⭐️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 likelihood of the US Federal Reserve keeping interest rates unchanged this year is increasing. Last week, John Williams, the President of the New York Fed, mentioned that he doesn't consider another rate hike as his primary scenario. However, if the data suggests that the Fed needs to raise rates in order to achieve its objectives, then the Fed would naturally want to take action. Austan Goolsbee, the President of the Chicago Fed, stated that progress in inflation has come to a halt and that the Fed's current restrictive policy is appropriate. Raphael Bostic, the President of the Atlanta Fed, emphasized that the Fed will not reduce rates until the end of the year. The shift towards a more hawkish market sentiment could diminish the attractiveness of non-yielding metals and exert downward pressure on the price of gold.
⭐️Personal comments NOVA:
Gold price decreased at the beginning of the second session, showing that the price range is stuck in two Uptrend lines.
The upward price momentum is still likely to continue in the near future
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2338 - $2336 SL $2330
TP1: $2350
TP2: $2364
TP3: $2380
BUY GOLD zone: 2371.5 - 2370 SL $2366
TP: 40 - 70 - 100 pips
🔥SELL GOLD zone: $2412 - $2414 SL $2420
TP1: $2400
TP2: $2390
TP3: $2380
⭐️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
Gold price decreased during the Asian session to $2370, waiting sideways for the trend to breakNote
Gold price BREAK 2360, breaking the DOWN trend, has a short-term downward correction trendNote
Gold price (XAU/USD) continues to decline during the early European session, reaching a one-week low around $2,350. Investor confidence is boosted by expectations that the conflict between Iran and Israel will not worsen, as well as positive sentiment in the equity markets. The Federal Reserve's potential delay in cutting interest rates due to persistent inflation supports the recent bullish run of the US Dollar (USD), leading to a shift of investment away from gold as a safe-haven asset.Note
+ 50 pips, signal BUY PLAN DAY : 2336-2338Note
+ 90 pips, signal PLAN DAY BUY 2336-2338Note
Gold price sideways around 2340 during the US sessionNote
Gold price broke the trend at 2360, falling sharply to the 2330 area, showing a downward adjustment
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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