Gold price is positive based on US economic data
Updated
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) struggles to capitalize on the previous day's bounce from a three-week low and trades within a narrow range during the Asian session. Bullish traders are favored due to expectations of a Federal Reserve interest rate cut later this year, supported by recent US macro data indicating a slowdown in manufacturing activity and the economy. This has resulted in the US Dollar (USD) declining to a near two-month low, benefiting gold as a safe-haven asset.
⭐️Personal comments NOVA:
Gold price is positive thanks to good economic data at the beginning of the week for Gold - large amplitude sideway. The H4 long-term framework still supports continued decline and correction
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2325 - $2327 SL $2320
TP1: $2335
TP2: $2342
TP3: $2350
🔥SELL GOLD zone: $2374 - $2376 SL $2381
TP1: $2360
TP2: $2350
TP3: $2340
⭐️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:
Gold price (XAU/USD) struggles to capitalize on the previous day's bounce from a three-week low and trades within a narrow range during the Asian session. Bullish traders are favored due to expectations of a Federal Reserve interest rate cut later this year, supported by recent US macro data indicating a slowdown in manufacturing activity and the economy. This has resulted in the US Dollar (USD) declining to a near two-month low, benefiting gold as a safe-haven asset.
⭐️Personal comments NOVA:
Gold price is positive thanks to good economic data at the beginning of the week for Gold - large amplitude sideway. The H4 long-term framework still supports continued decline and correction
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2325 - $2327 SL $2320
TP1: $2335
TP2: $2342
TP3: $2350
🔥SELL GOLD zone: $2374 - $2376 SL $2381
TP1: $2360
TP2: $2350
TP3: $2340
⭐️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
Gold prices showed signs of decreasing slightly when entering the European sessionNote
Gold prices fell before today's newsNote
+ 40 pips, signal BUY PLAN DAY BUY 2325-2327
Note
+ 60 pips, plan day BUY 2325-2327Note
+ 85 pips, signal PLAN DAY 2325-2327Note
+ 110 pips , great BUY 2325-2327 plan dayNote
Gold price returns to the 2325 zone, it seems that the corrective DOWN wave is overNote
The US session trades without major volatility currently, mostly sideways around the 2320-2330 zone
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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