1 week of little news, stabilize the market
Updated
Smart investment, Strong finance
GOLDEN INFORMATION:
The price of gold is experiencing selling pressure for the second consecutive day, resulting in a decline to a new daily low of approximately $1,931 during the Asian session. Despite this, the XAU/USD pair manages to stay above its lowest point in three and a half weeks, which was reached last Friday.
The possibility of further tightening of monetary policy by the Federal Reserve (Fed) has allowed the US Dollar (USD) to regain some positive momentum. This upward movement is considered a significant factor contributing to the decline in gold prices. Market participants are confident that the Fed will implement another 25 basis point rate hike either in September or November. This belief was reinforced by employment data from the United States (US). Although there was slight disappointment with regards to nonfarm payrolls (NFP), strong wage growth and an unexpected decrease in unemployment rates indicate ongoing tightness within the labor market. As a result, expectations for a soft landing for the US economy have increased, providing room for adherence to a hawkish stance by its central bank.
Personal comments NOVA:
US Dollar Index (DXY) shows resilience as global oil prices recover support US inflation persists.
Investors look cautious ahead of US Consumer Price Index (CPI) data due out on Thursday.
SET UP GOLD PRICE:
BUY GOLD zone: $1925 - $1927 SL $1915
TP 1: $1938
TP2: $1950
SELL GOLD zone: $1950 - $1952 SL 1960
TP1: $1942
TP2: $1930
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:
The price of gold is experiencing selling pressure for the second consecutive day, resulting in a decline to a new daily low of approximately $1,931 during the Asian session. Despite this, the XAU/USD pair manages to stay above its lowest point in three and a half weeks, which was reached last Friday.
The possibility of further tightening of monetary policy by the Federal Reserve (Fed) has allowed the US Dollar (USD) to regain some positive momentum. This upward movement is considered a significant factor contributing to the decline in gold prices. Market participants are confident that the Fed will implement another 25 basis point rate hike either in September or November. This belief was reinforced by employment data from the United States (US). Although there was slight disappointment with regards to nonfarm payrolls (NFP), strong wage growth and an unexpected decrease in unemployment rates indicate ongoing tightness within the labor market. As a result, expectations for a soft landing for the US economy have increased, providing room for adherence to a hawkish stance by its central bank.
Personal comments NOVA:
US Dollar Index (DXY) shows resilience as global oil prices recover support US inflation persists.
Investors look cautious ahead of US Consumer Price Index (CPI) data due out on Thursday.
SET UP GOLD PRICE:
BUY GOLD zone: $1925 - $1927 SL $1915
TP 1: $1938
TP2: $1950
SELL GOLD zone: $1950 - $1952 SL 1960
TP1: $1942
TP2: $1930
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
The price is still sideway around 1930 -1935, let's wait for entry 1925-1927 BUY goldNote
+ 50 pips , from entry 1930.5 as the pictureNote
+ 50 pips, from entry 1925, scalpingNote
Scalping gold : 1929-1931 TP : 1924-1926Note
The price is still sideways in the 1925-1930 price zone, waiting for the CPI results to have a clear trend
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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