Price hesitation before interest rate announcement
Smart investment, Strong finance
GOLDEN INFORMATION:
All eyes are fixed on the upcoming decision of the Federal Reserve (Fed), which is expected to announce a 25 basis point increase in interest rates. There is also speculation that the Fed may signal the end of its current monetary tightening cycle, although investors are unsure if the central bank will adopt a more cautious approach. Therefore, the focus will be on the accompanying monetary policy statement and the remarks of Fed Chair Jerome Powell during the post-meeting press conference. These statements will be closely analyzed for any indications of future rate hikes. The outcome of this decision will have a significant impact on the short-term price movements of the US Dollar (USD) and will also influence the direction of gold prices in the near future.
Personal comments NOVA:
Gold price is still hesitant with no clear trend before the announcement of the Fed interest rate. In the first 2 days of the week, the price is still fluctuating in the 1955-1965 zone
SET UP GOLD PRICE:
SELL GOLD zone: $1973 - $1975 SL $1985
TP 1: $1965
TP2: $1950
BUY GOLD zone: $1955 - $1953 SL 1940
TP1: $1965
TP2: $1975
Technical analysis:
Based on MACD technical indicator, trading volume is decreasing with divergence, NOVA for SELL at entry level 1975.
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:
All eyes are fixed on the upcoming decision of the Federal Reserve (Fed), which is expected to announce a 25 basis point increase in interest rates. There is also speculation that the Fed may signal the end of its current monetary tightening cycle, although investors are unsure if the central bank will adopt a more cautious approach. Therefore, the focus will be on the accompanying monetary policy statement and the remarks of Fed Chair Jerome Powell during the post-meeting press conference. These statements will be closely analyzed for any indications of future rate hikes. The outcome of this decision will have a significant impact on the short-term price movements of the US Dollar (USD) and will also influence the direction of gold prices in the near future.
Personal comments NOVA:
Gold price is still hesitant with no clear trend before the announcement of the Fed interest rate. In the first 2 days of the week, the price is still fluctuating in the 1955-1965 zone
SET UP GOLD PRICE:
SELL GOLD zone: $1973 - $1975 SL $1985
TP 1: $1965
TP2: $1950
BUY GOLD zone: $1955 - $1953 SL 1940
TP1: $1965
TP2: $1975
Technical analysis:
Based on MACD technical indicator, trading volume is decreasing with divergence, NOVA for SELL at entry level 1975.
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
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.