✍️ NOVA hello everyone, Let's comment on gold price next week from 25 - 30/9/23
🔥 World situation:
After reaching a weekly low of $1913.99, the price of gold has experienced a slight recovery, but it is still struggling to surpass strong resistance around the 50-day moving average (DMA) at $1929.79. The upward movement in XAU/USD's price can be attributed to factors such as declining US T-bond yields and an optimistic market sentiment. Currently, the spot price stands at $1924.56, with gains of 0.25%.
Despite the presence of a solid US Dollar, gold prices continue to rise due to the reversal in US bond yields. The coupon for the US 10-year benchmark note has reversed from its 16-year high of 4.51% and now hovers around 4.44%. As a result, real yields in the United States have slightly decreased by five basis points from 2.11% to 2.06%.
🔥 Identify:
Gold price is still forming a pattern of decreasing resistance and support in the H4 frame and the decreasing trendline in the D1 frame is increasingly clear. The improvement in US economic parameters in the second half of 2023 is the main impact on the falling price of gold.
🔥 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: $1936, $1950
Support : $1915, $1902, $1885
Still prioritizing the downtrend next week
🔥 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:
After reaching a weekly low of $1913.99, the price of gold has experienced a slight recovery, but it is still struggling to surpass strong resistance around the 50-day moving average (DMA) at $1929.79. The upward movement in XAU/USD's price can be attributed to factors such as declining US T-bond yields and an optimistic market sentiment. Currently, the spot price stands at $1924.56, with gains of 0.25%.
Despite the presence of a solid US Dollar, gold prices continue to rise due to the reversal in US bond yields. The coupon for the US 10-year benchmark note has reversed from its 16-year high of 4.51% and now hovers around 4.44%. As a result, real yields in the United States have slightly decreased by five basis points from 2.11% to 2.06%.
🔥 Identify:
Gold price is still forming a pattern of decreasing resistance and support in the H4 frame and the decreasing trendline in the D1 frame is increasingly clear. The improvement in US economic parameters in the second half of 2023 is the main impact on the falling price of gold.
🔥 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: $1936, $1950
Support : $1915, $1902, $1885
Still prioritizing the downtrend next week
🔥 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
There is no important news on the first Monday of the week, the gold price will continue to sideways in a narrow range from 1917 to 1930.Note
Starting the week with a slight price decrease, today the price has a main sideways trendTrade active
SET UP GOLD PRICE:
BUY GOLD zone: $1916 - $1914 SL $1910
TP 1: $1920
TP2: $1925
SELL GOLD zone: $1925 - $1927 SL $1931
TP1: 1920
TP2: 1914
Note
+ 25 pips , from signal SELL 1927Note
+ 60 pips , from entry SELL 1927Note
+ 110 pips , from entry SELL 1927Trade active
Gold price assessment today: September 26, 2023
SET UP GOLD PRICE:
BUY GOLD zone: $1910 - $1912 SL $1907( scalping )
TP 1: $1915
TP2: $1918
TP3: $1922
SELL GOLD zone: $1922 - $1925 SL $1935
TP1: 1917
TP2: 1914
TP3: 1910
SELL GOLD zone: $1930 - $1932 SL $1935
TP1: 1925
TP2: 1920
TP3: 1910
Note
+ 55 pips , from entry BUY 1910Note
Currently, the price is still struggling around the 1900 resistance area. If the price can break today, it can be set up:Buy 1897-1895 SL 1892
TP: 1900, 1905, 1910
Note
Currently, the price has moved towards the 1900 price range, correcting the trend and waiting for a short-term recoveryNote
+ 30 pips scalping , from entry BUY 1895.8Trade active
The sharp price drop hit the monthly support. Nova will give a BUY signal in this areaBUY gold : 1871-1869 SL 1866
TP: 1875, 1880
Trade active
XAU commentary update: 9/28/23
SET UP GOLD PRICE:
SELL GOLD zone: $1884 - $1886 SL $1894
TP1: 1880
TP2: 1869
TP3: 1854
SELL GOLD zone: $1902 - $1905 SL $1915
TP1: 1896
TP2: 1890
TP3: 1885
Note
Prices continued to fall sharply to the 1860 area. Fear engulfed the market, anxiously awaiting the FED meeting.Note
SET UP GOLD PRICE:
BUY GOLD zone: $1858 - $1860 SL $1850
TP1: $1864
TP2: $1868
TP3: $1872
SELL GOLD zone: $1872 - $1875 SL $1882
TP1: 1868
TP2: 1864
TP3: 1860
Note
+ 30 pips , from entry SELL 1874Note
+ 65 pips , from entry 1874, close signal
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.
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.