January 2024, Gold price remained stable above $2,000
Updated
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
The financial markets are anticipating that the Federal Reserve (Fed) will maintain interest rates at a range of 5.25–5.50% during its upcoming January meeting. However, traders will closely watch the press conference for any indications from Fed Chairman Jerome Powell regarding a potential rate cut in March. If such signals are given, it could lead to selling pressure on the US dollar.
According to US officials, a drone attack on American forces stationed near the Syrian border in northeastern Jordan resulted in the loss of three US troops and numerous injuries. This incident has contributed to an escalation of tension in the Middle East, which may increase the demand for safe-haven assets like gold.
⭐️Personal comments NOVA:
Gold prices in the Asian session on Monday are tending to increase slightly but will continue to move sideways to wait for new motivation from interest rates
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2006 - $2008 SL $1997
TP1: $2015
TP2: $2022
TP3: $2030
🔥SELL GOLD zone: $2032 - $2034 SL $2040
TP1: $2028
TP2: $2024
TP3: $2019
⭐️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:
The financial markets are anticipating that the Federal Reserve (Fed) will maintain interest rates at a range of 5.25–5.50% during its upcoming January meeting. However, traders will closely watch the press conference for any indications from Fed Chairman Jerome Powell regarding a potential rate cut in March. If such signals are given, it could lead to selling pressure on the US dollar.
According to US officials, a drone attack on American forces stationed near the Syrian border in northeastern Jordan resulted in the loss of three US troops and numerous injuries. This incident has contributed to an escalation of tension in the Middle East, which may increase the demand for safe-haven assets like gold.
⭐️Personal comments NOVA:
Gold prices in the Asian session on Monday are tending to increase slightly but will continue to move sideways to wait for new motivation from interest rates
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2006 - $2008 SL $1997
TP1: $2015
TP2: $2022
TP3: $2030
🔥SELL GOLD zone: $2032 - $2034 SL $2040
TP1: $2028
TP2: $2024
TP3: $2019
⭐️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
Note
Gold price has increased to approach the 2029 resistance zone, waiting for a correction hereNote
+ 30 pips ,signal SELL 2032-2034Note
+ 45 pips , signal SELL 2032-2034Note
+ 65 pips , signal SELL 2032-2034 , congratulation allNote
+ 85 pips , signal SELL 2032-2034 , winNote
Gold price had quite good buying power in the first trading session of the week, currently trading above 2030Note
+ 120 pips, signal SELL 2032-2034Note
Gold prices are abnormal, increasing and decreasing sharply but still sideways above the 2020 area and below 2040Note
Gold price continues to increase, waiting for a decrease in the Asian session on Tuesday
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.