The market is stable, Gold price is firmly above $2000
Updated
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
The price of gold (XAU/USD) is showing a positive trend at the start of the week and maintains its modest gains during the European trading session. However, there is a lack of sustained buying momentum. Last week, the Federal Reserve (Fed) indicated an end to its tightening of monetary policy and projected a total of 75 basis points (bps) in rate cuts by 2024. This limits the upside potential for the US Dollar (USD), which had rebounded from a four-month low on Friday, and serves as a supporting factor for the commodity. Additionally, concerns over geopolitical risks and fears of a deeper economic downturn, particularly in China and the Eurozone, contribute to the demand for the safe-haven precious metal.
⭐️Personal comments NOVA:
the stability of Gold price today, above the $2020 zone. Technical models H1, H4 still show a cumulative sideway trend
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2008 - $2010 SL $2000
TP1: $2018
TP2: $2025
TP3: $2032
🔥SELL GOLD zone: $2032 - $2030 SL $2040
TP1: $2025
TP2: $2018
TP3: $2010
⭐️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 (XAU/USD) is showing a positive trend at the start of the week and maintains its modest gains during the European trading session. However, there is a lack of sustained buying momentum. Last week, the Federal Reserve (Fed) indicated an end to its tightening of monetary policy and projected a total of 75 basis points (bps) in rate cuts by 2024. This limits the upside potential for the US Dollar (USD), which had rebounded from a four-month low on Friday, and serves as a supporting factor for the commodity. Additionally, concerns over geopolitical risks and fears of a deeper economic downturn, particularly in China and the Eurozone, contribute to the demand for the safe-haven precious metal.
⭐️Personal comments NOVA:
the stability of Gold price today, above the $2020 zone. Technical models H1, H4 still show a cumulative sideway trend
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2008 - $2010 SL $2000
TP1: $2018
TP2: $2025
TP3: $2032
🔥SELL GOLD zone: $2032 - $2030 SL $2040
TP1: $2025
TP2: $2018
TP3: $2010
⭐️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 moving towards the SELL 2030-2032 entry area, waiting for the entry to be matchedNote
The price moves in a narrow price range from 2020 to 2030. Need new motivation by the end of 2023Note
+ 90 pips , from entry SELL 2032
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.