Negativity continues to cover gold prices
Updated
Smart investment, Strong finance
GOLDEN INFORMATION:
During the Asian trading session on Wednesday, the price of gold (XAU/USD) is hovering around the $1,901 level. Concerns about potential tightening of monetary policy by the US Federal Reserve (Fed) were raised due to positive United States (US) Retail Sales data, which impacted the previous day's gold price.
The latest figures for US Retail Sales in July exceeded expectations, showing a 0.7% increase compared to the previous reading of 0.3%. This surpassed market predictions of a 0.4% increase and indicates a stronger and more robust US economy. As a result, there may be speculations that at its September meeting, the US Federal Reserve (Fed) could consider implementing tighter monetary policies. Such speculations might weaken interest in non-interest-bearing assets like gold.
Personal comments NOVA:
With continued good results for the dollar yesterday, gold prices remain in a downtrend. But selling was not enough to break out of 1895 support area, still sideways today
SET UP GOLD PRICE:
BUY GOLD zone: $1890 - $1893 SL $1880
TP 1: $1897
TP2: $1905
SELL GOLD zone: $1916 - $1919 SL 1930
TP1: $1910
TP2: $1900
Technical analysis:
Based on technical indicators EMA 34, EMA 89 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:
During the Asian trading session on Wednesday, the price of gold (XAU/USD) is hovering around the $1,901 level. Concerns about potential tightening of monetary policy by the US Federal Reserve (Fed) were raised due to positive United States (US) Retail Sales data, which impacted the previous day's gold price.
The latest figures for US Retail Sales in July exceeded expectations, showing a 0.7% increase compared to the previous reading of 0.3%. This surpassed market predictions of a 0.4% increase and indicates a stronger and more robust US economy. As a result, there may be speculations that at its September meeting, the US Federal Reserve (Fed) could consider implementing tighter monetary policies. Such speculations might weaken interest in non-interest-bearing assets like gold.
Personal comments NOVA:
With continued good results for the dollar yesterday, gold prices remain in a downtrend. But selling was not enough to break out of 1895 support area, still sideways today
SET UP GOLD PRICE:
BUY GOLD zone: $1890 - $1893 SL $1880
TP 1: $1897
TP2: $1905
SELL GOLD zone: $1916 - $1919 SL 1930
TP1: $1910
TP2: $1900
Technical analysis:
Based on technical indicators EMA 34, EMA 89 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
sideways around the 1900 - 1910 price range, accumulate enough force before the trend is clearNote
intraday trading is quite slow , has not changed much , still waiting for entry 1916 - 1919Note
Gold price continued sideways , waiting for FOMC news . Waiting for entry matchNote
signal has matched entry and wait togetherNote
+ 30 pips, from entry 1892Note
+ 65 pips , NEAR TP2 , from entry 1890Trade active
The price is going very right, the downtrend is dominantNote
Price continues to fall towards the 1890 zone, a strong downtrend is underway
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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