⭐️GOLDEN INFORMATION: After receiving positive indications regarding consumer confidence and employment, the economic calendar in the United States presented slightly improved data on Thursday. As a result, gold prices experienced a decline from their monthly peak. The decrease in gold's momentum reveals a lack of trust among buyers, particularly evident in its recent retreat from the 61.8% Fibonacci retracement level of the drop that occurred between July and August, which was valued at around $1,948.
⭐️Personal comments NOVA: After publication Unemployment Claims good news for dollars, bad news for gold. Gold prices have an adjustment rhythm, NOVA thinks around 1936, 1925
⭐️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
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Sideway market waiting for NF news today
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+ 190 pips from entry SELL 1953
Trade active
Next week with not much news, Gold prices continue to be under selling pressure after a slight recovery
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