Bearish - weekend correction after reaching ATH $2600
Updated
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) gained for the second consecutive day on Friday, approaching the record high reached after the Federal Reserve's significant interest rate cut earlier this week. The Fed also hinted at more cuts, weakening the US Dollar and supporting gold.
Concerns about economic slowdowns in the US and China, along with geopolitical tensions in the Middle East, further boost gold’s appeal. However, the global stock market rally limits strong gains for the safe-haven metal, keeping upward momentum in check during the Asian session.
⭐️Personal comments NOVA:
Gold price reached ATH this week: 2600, In the context of many concerns about the impending economic recession - the psychology of waiting will cause gold prices to quickly adjust downwards.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2580 - $2578 SL $2573
TP1: $2588
TP2: $2595
TP3: $2603
🔥BUY GOLD zone: $2567 - $2565 SL $2560
TP1: $2573
TP2: $2580
TP3: $2590
🔥SELL GOLD zone: $2613 - $2615 SL $2620
TP1: $2600
TP2: $2585
TP3: $2560
⭐️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:
Gold prices (XAU/USD) gained for the second consecutive day on Friday, approaching the record high reached after the Federal Reserve's significant interest rate cut earlier this week. The Fed also hinted at more cuts, weakening the US Dollar and supporting gold.
Concerns about economic slowdowns in the US and China, along with geopolitical tensions in the Middle East, further boost gold’s appeal. However, the global stock market rally limits strong gains for the safe-haven metal, keeping upward momentum in check during the Asian session.
⭐️Personal comments NOVA:
Gold price reached ATH this week: 2600, In the context of many concerns about the impending economic recession - the psychology of waiting will cause gold prices to quickly adjust downwards.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2580 - $2578 SL $2573
TP1: $2588
TP2: $2595
TP3: $2603
🔥BUY GOLD zone: $2567 - $2565 SL $2560
TP1: $2573
TP2: $2580
TP3: $2590
🔥SELL GOLD zone: $2613 - $2615 SL $2620
TP1: $2600
TP2: $2585
TP3: $2560
⭐️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
Trade active
Gold price regained its old ATH: 2600 following the uptrend lineTrade active
Gold price approached the 2613 area, missed 3 pips entry sell 2613 then dropped sharplyTrade active
+ 30 pips, Plan day SELL 2613-2615 , great Trade active
+ 120 pips, signal SELL PLAN DAY 2613-2615 
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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