NF opportunities for Gold prices to continue flying high
Updated
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) is experiencing a rapid recovery during the early New York session on Thursday. The downward movement in the price of gold continues to receive strong support as investors are aware that there is a possibility of rate cuts by the Federal Reserve (Fed) this year. In his statement on monetary policy, Fed Chair Jerome Powell expressed little interest in speculating about rate cuts, stating that policymakers are still not convinced that underlying inflation will consistently reach the target of 2%. As a result of Jerome Powell's remarks, expectations of rate cuts in March have been dampened, causing investors to shift their focus to the policy meeting in May, where the first rate cut of this cycle may occur.
As we move forward, the outlook for inflation will be influenced by factors such as labor market conditions, consumer spending, and economic growth. These factors will shape the expectations for future rate cuts.
Meanwhile, investors are eagerly awaiting the release of January's Institute for Supply Management's (ISM) Manufacturing PMI and the Nonfarm Payrolls (NFP) data. If the employment and wage growth data turn out to be higher than expected, it could diminish the likelihood of a rate cut at the Fed's monetary policy meeting in May.
⭐️Personal comments NOVA:
The price of gold continues the stability of the UP trend, today NF news is an extremely important news that is expected to continue to help Gold have a higher position.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2034 - $2036 SL $2028 // Pay attention to the $2047 support zone
TP1: $2042
TP2: $2050
TP3: $2060
🔥SELL GOLD zone: $2068 - $2070 SL $2075// Pay attention to the $2087 resistance zone
TP1: $2060
TP2: $2054
TP3: $2048
⭐️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:
Gold price (XAU/USD) is experiencing a rapid recovery during the early New York session on Thursday. The downward movement in the price of gold continues to receive strong support as investors are aware that there is a possibility of rate cuts by the Federal Reserve (Fed) this year. In his statement on monetary policy, Fed Chair Jerome Powell expressed little interest in speculating about rate cuts, stating that policymakers are still not convinced that underlying inflation will consistently reach the target of 2%. As a result of Jerome Powell's remarks, expectations of rate cuts in March have been dampened, causing investors to shift their focus to the policy meeting in May, where the first rate cut of this cycle may occur.
As we move forward, the outlook for inflation will be influenced by factors such as labor market conditions, consumer spending, and economic growth. These factors will shape the expectations for future rate cuts.
Meanwhile, investors are eagerly awaiting the release of January's Institute for Supply Management's (ISM) Manufacturing PMI and the Nonfarm Payrolls (NFP) data. If the employment and wage growth data turn out to be higher than expected, it could diminish the likelihood of a rate cut at the Fed's monetary policy meeting in May.
⭐️Personal comments NOVA:
The price of gold continues the stability of the UP trend, today NF news is an extremely important news that is expected to continue to help Gold have a higher position.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2034 - $2036 SL $2028 // Pay attention to the $2047 support zone
TP1: $2042
TP2: $2050
TP3: $2060
🔥SELL GOLD zone: $2068 - $2070 SL $2075// Pay attention to the $2087 resistance zone
TP1: $2060
TP2: $2054
TP3: $2048
⭐️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 sideway above 2050 area waiting for NF news todayNote
Price accumulation is very narrow today, there may be large fluctuations when NFP news is announcedNote
+ 40 pips, scalping BUy 2034
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.