Has the Gold price finished adjusting DOWN yet?
Updated
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Despite the early Asian session rebound of the US Dollar (USD), the price of gold (XAU/USD) remains in positive territory. The demand for the Greenback has been strengthened by the better-than-anticipated US labor data from Friday. However, the upcoming inflation data for this week will hold significant importance. Currently, the gold price is trading at $2,045, registering a 0.06% gain for the day.
⭐️Personal comments NOVA:
At the end of last week's trading session, Gold prices had a certain recovery. But NOVA thinks Gold's DOWN correction has not ended, selling pressure is still there
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2030 - $2032 SL $2024
TP1: $2038
TP2: $2045
TP3: $2058
🔥SELL GOLD zone: $2058 - $2056 SL $2065
TP1: $2050
TP2: $2042
TP3: $2032
⭐️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:
Despite the early Asian session rebound of the US Dollar (USD), the price of gold (XAU/USD) remains in positive territory. The demand for the Greenback has been strengthened by the better-than-anticipated US labor data from Friday. However, the upcoming inflation data for this week will hold significant importance. Currently, the gold price is trading at $2,045, registering a 0.06% gain for the day.
⭐️Personal comments NOVA:
At the end of last week's trading session, Gold prices had a certain recovery. But NOVA thinks Gold's DOWN correction has not ended, selling pressure is still there
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2030 - $2032 SL $2024
TP1: $2038
TP2: $2045
TP3: $2058
🔥SELL GOLD zone: $2058 - $2056 SL $2065
TP1: $2050
TP2: $2042
TP3: $2032
⭐️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
The price has entered the 2030-2032 support zone. Also waiting for an increase from GoldNote
+ 25 pips , entry BUY 2030-2032Note
+ 35 pips, from entry BUY 2030-2032Note
Gold price is in need of greater motivation to continue fallingNote
The price of gold (XAU/USD) continues to decline during the first half of the European session on Monday, moving closer to a two-week low reached after the positive US monthly employment data on Friday. The widely known Nonfarm Payrolls (NFP) report indicated that the US labor market is still strong, causing investors to reduce their expectations for aggressive policy easing by the Federal Reserve (Fed). As a result, US Treasury bond yields remain high, benefiting the US Dollar and leading to a decrease in demand for gold, which does not yield any interest.
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
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.