The slight increase in gold price before news PMI
Updated
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
The price of gold (XAU/USD) is experiencing a rebound after hitting a weekly low. This bounce comes after four consecutive days of losses, and it coincides with the release of key US data in a market that is currently sluggish. However, despite this bounce, the XAU/USD price is struggling to justify recent cautious optimism driven by Chinese property stocks. There is hope for more stimulus in the real estate sector, but fears of an economic slowdown in Beijing are joining forces with hawkish statements from Federal Reserve officials.
Recent positive data on employment and activity in the US support the Fed's stance on keeping interest rates higher for a longer period. This further bolsters hopes for a soft landing in the US economy, which ultimately strengthens the US Dollar and puts downward pressure on gold prices. Additionally, factors like strong yields, tensions between China and the US, as well as concerns about risk appetite all contribute to weighing down on XAU/USD prices.
⭐️Personal comments NOVA:
Prices are moving towards the 1922-1925 support zone, the technical model is also supporting short-term price increases. Besides, PMI news is forecast to be beneficial for gold prices today.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $1922 - $1925 SL $1915
TP 1: $1928
TP2: $1931
TP3: $1935
🔥SELL GOLD zone: $1934 - $1937 SL $1945
TP1: 1930
TP2: 1922
TP3: 1915
⭐️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 price of gold (XAU/USD) is experiencing a rebound after hitting a weekly low. This bounce comes after four consecutive days of losses, and it coincides with the release of key US data in a market that is currently sluggish. However, despite this bounce, the XAU/USD price is struggling to justify recent cautious optimism driven by Chinese property stocks. There is hope for more stimulus in the real estate sector, but fears of an economic slowdown in Beijing are joining forces with hawkish statements from Federal Reserve officials.
Recent positive data on employment and activity in the US support the Fed's stance on keeping interest rates higher for a longer period. This further bolsters hopes for a soft landing in the US economy, which ultimately strengthens the US Dollar and puts downward pressure on gold prices. Additionally, factors like strong yields, tensions between China and the US, as well as concerns about risk appetite all contribute to weighing down on XAU/USD prices.
⭐️Personal comments NOVA:
Prices are moving towards the 1922-1925 support zone, the technical model is also supporting short-term price increases. Besides, PMI news is forecast to be beneficial for gold prices today.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $1922 - $1925 SL $1915
TP 1: $1928
TP2: $1931
TP3: $1935
🔥SELL GOLD zone: $1934 - $1937 SL $1945
TP1: 1930
TP2: 1922
TP3: 1915
⭐️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
+ 25 pips , from entry BUY 1922,5Note
+ 70 pips , from entry Buy 1922,5 and fall 191xTrade active
Gold prices continue to fall to the 1915 zone, support in this zone may help prices increase slightly but not significantly. set up price:Buy gold: 1912-1915 SL 1907
TP: 1918, 1921, 1925
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.