Sharp decline XAU after FOMC meeting
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
During the Asian trading hours on Thursday, the price of gold (XAU/USD) is showing signs of recovery after a recent decline to around $1,928. However, it remains under pressure due to the hawkish remarks made by the Federal Reserve (Fed) while keeping benchmark policy rates at 5.5%.
As expected in the market, during its September meeting, the Fed decided to maintain interest rates within a range of 5.25-5.50%. Officials are optimistic that they can control inflation without causing significant damage to the economy or job losses. In a press conference, Fed Chairman Jerome Powell reiterated their commitment to achieving 2% inflation and stated that they are prepared to raise rates if necessary.
⭐️Personal comments NOVA:
A downward trend after the FOMC meeting, the market still supports the downtrend, the recovery is only a short-term gold price adjustment. Today, gold prices will still increase slightly before falling sharply
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $1924 - $1926 SL $1920( Scalping )
TP 1: $1929
TP2: $1932
TP3: $1935
BUY GOLD zone: $1915 - $1917 SL $1905
TP1: $1918
TP2: $1922
TP3: $1930
🔥SELL GOLD zone: $1934 - $1936 SL $1945
TP1: 1930
TP2: 1922
TP3: 1915
⭐️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:
During the Asian trading hours on Thursday, the price of gold (XAU/USD) is showing signs of recovery after a recent decline to around $1,928. However, it remains under pressure due to the hawkish remarks made by the Federal Reserve (Fed) while keeping benchmark policy rates at 5.5%.
As expected in the market, during its September meeting, the Fed decided to maintain interest rates within a range of 5.25-5.50%. Officials are optimistic that they can control inflation without causing significant damage to the economy or job losses. In a press conference, Fed Chairman Jerome Powell reiterated their commitment to achieving 2% inflation and stated that they are prepared to raise rates if necessary.
⭐️Personal comments NOVA:
A downward trend after the FOMC meeting, the market still supports the downtrend, the recovery is only a short-term gold price adjustment. Today, gold prices will still increase slightly before falling sharply
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $1924 - $1926 SL $1920( Scalping )
TP 1: $1929
TP2: $1932
TP3: $1935
BUY GOLD zone: $1915 - $1917 SL $1905
TP1: $1918
TP2: $1922
TP3: $1930
🔥SELL GOLD zone: $1934 - $1936 SL $1945
TP1: 1930
TP2: 1922
TP3: 1915
⭐️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
Price traded in slow range 1925-1930, waiting for Unemployment Claims news to be announcedNote
+ 30 pips , from entry BUY 1915Note
+ 70 pips from entry BUY 1915Note
+ 100 pips , more TP2 . Wonderfull
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.
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.