Gold price has a slight recovery !!! XAU
Updated
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
The price of gold (XAU/USD) is struggling to take advantage of yesterday's positive movement and is trading with a slight negative bias as we head into the European session on Wednesday. The stronger economic data from the United States, coupled with the recent hawkish comments from several members of the Federal Open Market Committee (FOMC), including Federal Reserve Chair Jerome Powell, have caused investors to lower their expectations for early and significant interest rate cuts in 2024. This has helped the US Dollar (USD) halt its overnight decline from its highest level in nearly three months, which in turn poses a challenge for the non-yielding yellow metal.
However, there remains a risk of further escalation of military actions in the Middle East, as well as ongoing concerns about slowing economic growth in China, which provides some support for the safe-haven appeal of gold. Moreover, traders appear to be hesitant to make aggressive bets on the direction of the market and instead prefer to wait for more signals regarding the likely timing of the first interest rate cut by the Fed, as this will have an impact on the precious metal. As a result, attention will be focused on the release of the latest US consumer inflation figures next week. In the meantime, traders on Wednesday may take guidance from speeches given by Fed officials.
⭐️Personal comments NOVA:
Gold price suddenly increased again above the $2030 area. However, there is not much motivation to increase the price so the price will soon adjust DOWN
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2010 - $2012 SL $2005
TP1: $2018
TP2: $2024
TP3: $2032
🔥SELL GOLD zone: $2043 - $2045 SL $2051
TP1: $2035
TP2: $2028
TP3: $2018
⭐️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 struggling to take advantage of yesterday's positive movement and is trading with a slight negative bias as we head into the European session on Wednesday. The stronger economic data from the United States, coupled with the recent hawkish comments from several members of the Federal Open Market Committee (FOMC), including Federal Reserve Chair Jerome Powell, have caused investors to lower their expectations for early and significant interest rate cuts in 2024. This has helped the US Dollar (USD) halt its overnight decline from its highest level in nearly three months, which in turn poses a challenge for the non-yielding yellow metal.
However, there remains a risk of further escalation of military actions in the Middle East, as well as ongoing concerns about slowing economic growth in China, which provides some support for the safe-haven appeal of gold. Moreover, traders appear to be hesitant to make aggressive bets on the direction of the market and instead prefer to wait for more signals regarding the likely timing of the first interest rate cut by the Fed, as this will have an impact on the precious metal. As a result, attention will be focused on the release of the latest US consumer inflation figures next week. In the meantime, traders on Wednesday may take guidance from speeches given by Fed officials.
⭐️Personal comments NOVA:
Gold price suddenly increased again above the $2030 area. However, there is not much motivation to increase the price so the price will soon adjust DOWN
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2010 - $2012 SL $2005
TP1: $2018
TP2: $2024
TP3: $2032
🔥SELL GOLD zone: $2043 - $2045 SL $2051
TP1: $2035
TP2: $2028
TP3: $2018
⭐️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 is currently sideways around $2030Note
+ 25 pips, signal PLAN DAY SELL 2043-2045Note
+ 45 pips , great SELL 2043-2045Note
+ 90 pips, SELL 2043-2045 . WinNote
Gold price corrects below $2040 area, continues sideways and waits for upward momentum
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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