XAU continue SIDEWAY ! long term accumulation ! under 2700
✍️ NOVA hello everyone, Let's comment on gold price next week from 12/09 - 12/13/2024
🔥 World situation:
Gold price (XAU/USD) dipped below $2,630 during North American trading on Friday following the release of the US Nonfarm Payrolls (NFP) data for November. The decline came as the labor market report revealed stronger-than-expected hiring, with 227K new jobs added compared to the forecast of 200K. The Unemployment Rate aligned with expectations, rising to 4.2%.
Steady labor market growth has reinforced expectations for the Federal Reserve (Fed) to implement another rate cut in December. According to the CME FedWatch Tool, the likelihood of a 25-basis-point (bps) rate cut to 4.25%-4.50% this month has climbed to 87%, up from 71% on December 5.
🔥 Identify:
NF data makes gold price continue sideways - no trend break. High price zone ends in 2024. Will continue sideways price zone 2605 - 2688
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $2655, $2666, 2688
Support : $2622, $2605, $2587
🔥 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
🔥 World situation:
Gold price (XAU/USD) dipped below $2,630 during North American trading on Friday following the release of the US Nonfarm Payrolls (NFP) data for November. The decline came as the labor market report revealed stronger-than-expected hiring, with 227K new jobs added compared to the forecast of 200K. The Unemployment Rate aligned with expectations, rising to 4.2%.
Steady labor market growth has reinforced expectations for the Federal Reserve (Fed) to implement another rate cut in December. According to the CME FedWatch Tool, the likelihood of a 25-basis-point (bps) rate cut to 4.25%-4.50% this month has climbed to 87%, up from 71% on December 5.
🔥 Identify:
NF data makes gold price continue sideways - no trend break. High price zone ends in 2024. Will continue sideways price zone 2605 - 2688
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $2655, $2666, 2688
Support : $2622, $2605, $2587
🔥 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
Trade active
Gold price starts Monday - mainly sideways. Price range below 2650
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.