The bears dominate the weekend
Updated
Smart investment, Strong finance
GOLDEN INFORMATION:
The Gold price is being boosted by a decrease in the stock market and concerns about China's slowing economic growth, worsening US-China trade relations, and geopolitical risks. Additionally, the weak performance of the US Dollar is also contributing to the rise in Gold price. The USD Index, which measures the strength of the US Dollar against other currencies, is consolidating its gains and reaching a one-week high as traders are unsure about the Federal Reserve's future rate hikes.
Personal comments NOVA:
After the bad news for gold XAU yesterday, gold price returned to the $1960 - $1970 zone, the buying power is weakening. In the last day of Week 3 of July with no important news, gold price is expected to continue to side around the $1965 mark.
SET UP GOLD PRICE:( scalping)
SELL GOLD zone: $1965 - $1967 SL $1975
TP 1: $1960
TP2: $1950
Technical analysis:
Based on the technical indicators EMA 34, 89 moving averages, along with the RSI indicator, the divergence is more obvious, and the bears have the upper hand.
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 Gold price is being boosted by a decrease in the stock market and concerns about China's slowing economic growth, worsening US-China trade relations, and geopolitical risks. Additionally, the weak performance of the US Dollar is also contributing to the rise in Gold price. The USD Index, which measures the strength of the US Dollar against other currencies, is consolidating its gains and reaching a one-week high as traders are unsure about the Federal Reserve's future rate hikes.
Personal comments NOVA:
After the bad news for gold XAU yesterday, gold price returned to the $1960 - $1970 zone, the buying power is weakening. In the last day of Week 3 of July with no important news, gold price is expected to continue to side around the $1965 mark.
SET UP GOLD PRICE:( scalping)
SELL GOLD zone: $1965 - $1967 SL $1975
TP 1: $1960
TP2: $1950
Technical analysis:
Based on the technical indicators EMA 34, 89 moving averages, along with the RSI indicator, the divergence is more obvious, and the bears have the upper hand.
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
Nova there is a bit of confusion about the signal in the article:SELL GOLD 1973-1975, SL 1985
TP1: 1968
TP2: 1960
Note
+ 110 pips , from entry 1973Trade closed manually
+ 130 pips target TP2 . NOVA win
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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