Gold DOWN with CPI news today !! XAU
Updated
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
The price of gold (XAU/USD) is experiencing a decline for the fifth consecutive day during the early Asian trading session on Tuesday. The ongoing narrative of the US Federal Reserve (Fed) advocating for a prolonged period of higher interest rates is exerting downward pressure on the non-yielding yellow metal. Investors are eagerly awaiting the release of crucial US inflation data, as it may offer insights into the Fed's future decisions regarding interest rates. Currently, the price of gold is hovering around $2,018, reflecting a decrease of 0.06% for the day.
Meanwhile, the US Dollar Index (DXY), which measures the value of the USD against a basket of six major world currencies, remains stable at approximately 104.12. The yields on US Treasury bonds are slightly increasing, with the 10-year yield currently standing at 4.17%.
⭐️Personal comments NOVA:
Gold prices tend to continue DOWN during the Monday trading session, it is expected that the price will continue in the downtrend and can approach the price range of $2005.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $1995 - $1997 SL $1990
TP1: $2000
TP2: $2005
TP3: $2010
Pay attention to 2 support zones: scalping BUY $2015 and BUY $2005
🔥SELL GOLD zone: $2028 - $2030 SL $2035
TP1: $2024
TP2: $2020
TP3: $2015
⭐️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:
The price of gold (XAU/USD) is experiencing a decline for the fifth consecutive day during the early Asian trading session on Tuesday. The ongoing narrative of the US Federal Reserve (Fed) advocating for a prolonged period of higher interest rates is exerting downward pressure on the non-yielding yellow metal. Investors are eagerly awaiting the release of crucial US inflation data, as it may offer insights into the Fed's future decisions regarding interest rates. Currently, the price of gold is hovering around $2,018, reflecting a decrease of 0.06% for the day.
Meanwhile, the US Dollar Index (DXY), which measures the value of the USD against a basket of six major world currencies, remains stable at approximately 104.12. The yields on US Treasury bonds are slightly increasing, with the 10-year yield currently standing at 4.17%.
⭐️Personal comments NOVA:
Gold prices tend to continue DOWN during the Monday trading session, it is expected that the price will continue in the downtrend and can approach the price range of $2005.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $1995 - $1997 SL $1990
TP1: $2000
TP2: $2005
TP3: $2010
Pay attention to 2 support zones: scalping BUY $2015 and BUY $2005
🔥SELL GOLD zone: $2028 - $2030 SL $2035
TP1: $2024
TP2: $2020
TP3: $2015
⭐️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 price decreased slightly and returned to trading below the $2020 areaNote
Gold price suddenly rebounded before today's CPI news, approaching the resistance price area of $2030Note
Still prioritizing the DOWN trend today, set up SELL $2028-$2030Note
+ 20 pips, signal PLAN DAY Sell 2028-2030Note
+ 130 pips, win signal plan day SELL 2028-2030Note
+ 230 pips , signal SELL 2028-2030Note
+ 50 pips , signal plan day BUY 1995-1997Note
Gold prices dropped very sharply after CPI news, correct technical trend and still high inflation level of the US economy
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.