Gold Spot / U.S. Dollar
Long
Updated

BREAK - NF create new ATH 2700 ?

1 179
⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
The US Department of Labor reported a slight rise in unemployment claims to 225K for the week ending September 28, up from 218K. This follows stronger-than-expected private-sector job growth in September and an unexpected increase in job openings in August, signaling a resilient labor market. Additionally, the ISM Non-Manufacturing PMI rose to 54.9 in September, its highest since February 2023, indicating solid economic performance in the third quarter.

⭐️Personal comments NOVA:
Gold price begins to break the downtrend in H1 frame - expect NF to push gold price to continue increasing today

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2625 - $2623 SL $2618
TP1: $2632
TP2: $2640
TP3: $2650




🔥SELL GOLD zone: $2698 - $2700 SL $2705
TP1: $2690
TP2: $2680
TP3: $2670


⭐️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
Trade active
Gold price increased around the 2660-2670 area. Ahead of today's NF data
Trade active
Gold price increased during the Asian session and is sideways around 2660 - waiting for NF data
Trade active
NF good for dollar - gold under selling pressure. There has been no upside breakthrough this week
Trade active
Gold prices - there was still a tug of war between buyers and sellers when NF was announced - accumulated more

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