Military tensions - Gold prices continue to increase
Updated
✍️ NOVA hello everyone, Let's comment on gold price next week from 4/22 - 4/26/2024
🔥 World situation:
The price of gold surged to a new high above $2,400 as tensions between Israel and Iran in the Middle East escalated. The uncertainty surrounding the conflict led investors to seek the safety of gold, pushing prices up to $2,417 per troy ounce. However, the rally was short-lived as Tehran announced that it had no intention of retaliating.
Currently, XAU/USD is trading at $2,394, showing a gain of 0.70%. Gold experienced a volatile swing of $44.00 as traders processed the developments from Friday. Despite recent comments from Federal Reserve officials indicating a more neutral stance on inflation, the decline in US Treasury bond yields and the weakening US dollar are keeping gold prices supported.
🔥 Identify:
Gold price maintains a stable increase in the H4 time frame. Along with Middle East military tensions, Gold price continues to have a huge upward momentum.
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $2430, $2468, $2487
Support : $2360, $2306
🔥 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
🔥 World situation:
The price of gold surged to a new high above $2,400 as tensions between Israel and Iran in the Middle East escalated. The uncertainty surrounding the conflict led investors to seek the safety of gold, pushing prices up to $2,417 per troy ounce. However, the rally was short-lived as Tehran announced that it had no intention of retaliating.
Currently, XAU/USD is trading at $2,394, showing a gain of 0.70%. Gold experienced a volatile swing of $44.00 as traders processed the developments from Friday. Despite recent comments from Federal Reserve officials indicating a more neutral stance on inflation, the decline in US Treasury bond yields and the weakening US dollar are keeping gold prices supported.
🔥 Identify:
Gold price maintains a stable increase in the H4 time frame. Along with Middle East military tensions, Gold price continues to have a huge upward momentum.
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $2430, $2468, $2487
Support : $2360, $2306
🔥 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
Gold price is at the moment of highest price momentum - the expected target exceeds the peak of $2430
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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