Starting the week, a slight recovery for Gold
Updated
Smart investment, Strong finance
GOLDEN INFORMATION:
Following an initial increase to the $1,946 range during Monday's Asian session, the price of gold experienced some selling pressure and dropped to a new daily low. Currently, XAU/USD is trading around the $1,940 area and appears to have momentarily halted its modest recovery from Friday's lowest level since July 11.
The release of the highly anticipated monthly employment data from the United States revealed that job growth in July remained at a moderate pace. Additionally, revised figures for May and June indicated a slowdown in worker demand. As a result, there was a pause in the recent rise of Treasury yields and this had a significant impact on weakening the US Dollar (USD). The USD weakness played a crucial role in prompting some investors to cover their short positions on gold.
Personal comments NOVA:
Gold price is following a 3-bottom pattern, a short-term uptrend. The possibility of price approaching the 195x zone is very high
SET UP GOLD PRICE:
BUY GOLD zone: $1936 - $1938 SL $1926
TP 1: $1945
TP2: $1955
Technical analysis:
Based on technical indicators EMA 34, 89 along with 3-bottom candlestick pattern to predict gold price going up in the short term
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:
Following an initial increase to the $1,946 range during Monday's Asian session, the price of gold experienced some selling pressure and dropped to a new daily low. Currently, XAU/USD is trading around the $1,940 area and appears to have momentarily halted its modest recovery from Friday's lowest level since July 11.
The release of the highly anticipated monthly employment data from the United States revealed that job growth in July remained at a moderate pace. Additionally, revised figures for May and June indicated a slowdown in worker demand. As a result, there was a pause in the recent rise of Treasury yields and this had a significant impact on weakening the US Dollar (USD). The USD weakness played a crucial role in prompting some investors to cover their short positions on gold.
Personal comments NOVA:
Gold price is following a 3-bottom pattern, a short-term uptrend. The possibility of price approaching the 195x zone is very high
SET UP GOLD PRICE:
BUY GOLD zone: $1936 - $1938 SL $1926
TP 1: $1945
TP2: $1955
Technical analysis:
Based on technical indicators EMA 34, 89 along with 3-bottom candlestick pattern to predict gold price going up in the short term
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
The price is currently in the entry zone $1936-$1938. The selling force was weak. Expecting the buying power to prevail
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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