Strong increase after FOMC meeting! XAU PUMP
Updated
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
The price of gold (XAU/USD) is continuing to increase after a strong recovery from the 50-day Simple Moving Average (SMA), which was around the $1,973 mark. This recovery comes after a three-week low and the positive momentum has carried over into Thursday. The Federal Reserve (Fed) announced on Wednesday that they have no plans to raise interest rates and their "dot plot" indicates three 25 basis points (bps) rate cuts in 2024. Additionally, policymakers believe that inflation will reach the Fed's target of 2% without a recession. This dovish stance has caused a significant drop in US Treasury bond yields and has put pressure on the US Dollar (USD), which in turn has boosted the value of gold.
⭐️Personal comments NOVA:
After yesterday's FOMC meeting, the decision to keep the old interest rate unchanged and reduce the next round has created very good news for Gold. The scholarship market will flourish again at the end of 2023.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2004 - $2006 SL $1996
TP1: $2015
TP2: $2022
TP3: $2030
🔥BUY GOLD zone: $2015 - $2017 SL $2012 Scalping
TP1: $2022
TP2: $2035
TP3: $2050
🔥SELL GOLD zone: $2050 - $2052 SL $2060
TP1: $2045
TP2: $2040
TP3: $2030
⭐️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:
The price of gold (XAU/USD) is continuing to increase after a strong recovery from the 50-day Simple Moving Average (SMA), which was around the $1,973 mark. This recovery comes after a three-week low and the positive momentum has carried over into Thursday. The Federal Reserve (Fed) announced on Wednesday that they have no plans to raise interest rates and their "dot plot" indicates three 25 basis points (bps) rate cuts in 2024. Additionally, policymakers believe that inflation will reach the Fed's target of 2% without a recession. This dovish stance has caused a significant drop in US Treasury bond yields and has put pressure on the US Dollar (USD), which in turn has boosted the value of gold.
⭐️Personal comments NOVA:
After yesterday's FOMC meeting, the decision to keep the old interest rate unchanged and reduce the next round has created very good news for Gold. The scholarship market will flourish again at the end of 2023.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2004 - $2006 SL $1996
TP1: $2015
TP2: $2022
TP3: $2030
🔥BUY GOLD zone: $2015 - $2017 SL $2012 Scalping
TP1: $2022
TP2: $2035
TP3: $2050
🔥SELL GOLD zone: $2050 - $2052 SL $2060
TP1: $2045
TP2: $2040
TP3: $2030
⭐️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
During the Asian session, prices still accumulate in the 2035-2040 area, waiting for more motivationNote
The price touched the 2040 resistance zone again, showing determination to break but still not successful. Buying force is still very strongNote
The possibility and opportunity for Gold to continue to increase and break through the 2040 Resistance Zone is huge. Let's wait for Unemployment Claims news todayNote
Price has surpassed the 2040 resistance zone. Although the news is good for the Dollar, market optimism helps Gold prices continue to rise
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
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