Adjusting to go up - waiting for Gold to breakout
Updated
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) experienced a sharp intraday drop of over 1.5% on Wednesday after coming close to the record high. This decline followed the release of US consumer inflation data, which showed a downward trend in inflation and reinforced expectations for the Federal Reserve (Fed) to begin cutting rates in September. However, investors reduced their expectations for aggressive rate cuts, leading to a modest rebound in the US Dollar (USD) from its recent multi-month low, which put pressure on gold.
Despite this, concerns about a potential escalation of conflict in the Middle East helped limit gold's losses, providing support around the $2,438 level. The precious metal recovered about $10 from its daily low and gained some momentum during Thursday's Asian session, though continued USD buying is capping significant gains. For now, XAU/USD appears to have halted its two-day losing streak as traders await US Retail Sales data and other key economic reports later on Thursday for fresh direction.
⭐️Personal comments NOVA:
It is inevitable that liquidity is swept from the 2441 zone, sideways around the price zone of 2441 - 2461 to be able to increase strongly next.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2426 - $2424 SL $2419
TP1: $2435
TP2: $2450
TP3: $2462
🔥SELL GOLD zone: $2459 - $2461 SL $2464
TP1: $2455
TP2: $2448
TP3: $2440
🔥SELL GOLD zone: $2484 - $2486 SL $2491
TP1: $2478
TP2: $2470
TP3: $2460
⭐️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 prices (XAU/USD) experienced a sharp intraday drop of over 1.5% on Wednesday after coming close to the record high. This decline followed the release of US consumer inflation data, which showed a downward trend in inflation and reinforced expectations for the Federal Reserve (Fed) to begin cutting rates in September. However, investors reduced their expectations for aggressive rate cuts, leading to a modest rebound in the US Dollar (USD) from its recent multi-month low, which put pressure on gold.
Despite this, concerns about a potential escalation of conflict in the Middle East helped limit gold's losses, providing support around the $2,438 level. The precious metal recovered about $10 from its daily low and gained some momentum during Thursday's Asian session, though continued USD buying is capping significant gains. For now, XAU/USD appears to have halted its two-day losing streak as traders await US Retail Sales data and other key economic reports later on Thursday for fresh direction.
⭐️Personal comments NOVA:
It is inevitable that liquidity is swept from the 2441 zone, sideways around the price zone of 2441 - 2461 to be able to increase strongly next.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2426 - $2424 SL $2419
TP1: $2435
TP2: $2450
TP3: $2462
🔥SELL GOLD zone: $2459 - $2461 SL $2464
TP1: $2455
TP2: $2448
TP3: $2440
🔥SELL GOLD zone: $2484 - $2486 SL $2491
TP1: $2478
TP2: $2470
TP3: $2460
⭐️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
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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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