Gold Price is gradually coming the next trend for Gold
Updated
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
During Wednesday's Asian session, there is a noticeable interest in buying gold (XAU/USD) at a lower price. This has temporarily halted the downward movement that occurred towards the end of the previous day, just as it approached the significant $2,200 level. The Federal Reserve (Fed) stated last week that it intends to reduce interest rates by 75 basis points in 2024. This, combined with a cautious market sentiment due to concerns about geopolitical risks arising from the ongoing Russia-Ukraine conflict and conflicts in the Middle East, are important factors contributing to the support of gold as a safe-haven asset.
⭐️Personal comments NOVA:
In the long-term frame, Gold price is still in an UP trend, but purchasing power has gradually decreased. The sideway amplitude $2150 - $2180 is gradually breaking and has a new trend in early April 2024
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2150 - $2152 SL $2145
TP1: $2160
TP2: $2168
TP3: $2176
🔥SELL GOLD zone: $2193 - $2195 SL $2200
TP1: $2180
TP2: $2170
TP3: $2160
⭐️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:
During Wednesday's Asian session, there is a noticeable interest in buying gold (XAU/USD) at a lower price. This has temporarily halted the downward movement that occurred towards the end of the previous day, just as it approached the significant $2,200 level. The Federal Reserve (Fed) stated last week that it intends to reduce interest rates by 75 basis points in 2024. This, combined with a cautious market sentiment due to concerns about geopolitical risks arising from the ongoing Russia-Ukraine conflict and conflicts in the Middle East, are important factors contributing to the support of gold as a safe-haven asset.
⭐️Personal comments NOVA:
In the long-term frame, Gold price is still in an UP trend, but purchasing power has gradually decreased. The sideway amplitude $2150 - $2180 is gradually breaking and has a new trend in early April 2024
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2150 - $2152 SL $2145
TP1: $2160
TP2: $2168
TP3: $2176
🔥SELL GOLD zone: $2193 - $2195 SL $2200
TP1: $2180
TP2: $2170
TP3: $2160
⭐️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
Gold price sideways in the range of 2175 - 2185 in the morning sessionNote
Gold price (XAU/USD) extends its sideways consolidative price move and remains below the $2,200 mark through the first half of the European session on Wednesday. Traders now seem reluctant and opt to wait for more cues about the Federal Reserve's (Fed) policy path before placing fresh directional bets. Hence, the focus will remain glued to the release of the US Personal Consumption and Expenditure (PCE) Price Index on Friday. The data should play a key role in driving the US Dollar (USD) demand and provide some meaningful impetus to the non-yielding yellow metal.Note
+ 70 pips , signal PLAN DAY SELL 2193-2195Note
Gold price has not been able to surpass the 2195 area, falling back to the 2190 areaNote
+ 105 pips , signal PLAN DAY SELL 2193-2195Note
The price range is getting wider and wider, the 2190 - 2200 zone becomes easier to overcomeTrade active
SET UP GOLD PRICE: 3/28/2024
BUY GOLD zone: $2178 - $2180 SL $2173
TP1: $2185
TP2: $2190
TP3: $2195
SELL GOLD zone: $2220 - $2222 SL $2227
TP1: $2210
TP2: $2200
TP3: $2190
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.