Gold price recovers in the short term !!
Updated
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) fell after a three-day winning streak due to the Greenback's slight recovery and hawkish comments from Federal Reserve officials. Strong US economic data also reduced expectations of a Fed rate cut in September, boosting the US Dollar and weighing on gold prices. However, geopolitical tensions and uncertainty may still drive demand for gold as a safe-haven asset. Central bank demand will continue to support higher gold prices in the short term. Traders are watching the Fed's Beige Book and John Williams' speech, as well as the release of the US Core PCE Price Index on Friday, which could impact the possibility of delaying a Fed rate cut if inflation shows signs of increasing.
⭐️Personal comments NOVA:
Gold price recovered in the short term - however, the long-term frame H1 and H4 are showing a larger DOWN trend
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2324 - $2322 SL $2319 SCALPING
TP1: $2330
TP2: $2335
TP3: $2340
🔥BUY GOLD zone: $2305 - $2307 SL $2300
TP1: $2315
TP2: $2330
TP3: $2340
🔥SELL GOLD zone: $2370 - $2372 SL $2375 scalping
TP1: $2360
TP2: $2350
TP3: $2340
⭐️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:
Gold price (XAU/USD) fell after a three-day winning streak due to the Greenback's slight recovery and hawkish comments from Federal Reserve officials. Strong US economic data also reduced expectations of a Fed rate cut in September, boosting the US Dollar and weighing on gold prices. However, geopolitical tensions and uncertainty may still drive demand for gold as a safe-haven asset. Central bank demand will continue to support higher gold prices in the short term. Traders are watching the Fed's Beige Book and John Williams' speech, as well as the release of the US Core PCE Price Index on Friday, which could impact the possibility of delaying a Fed rate cut if inflation shows signs of increasing.
⭐️Personal comments NOVA:
Gold price recovered in the short term - however, the long-term frame H1 and H4 are showing a larger DOWN trend
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2324 - $2322 SL $2319 SCALPING
TP1: $2330
TP2: $2335
TP3: $2340
🔥BUY GOLD zone: $2305 - $2307 SL $2300
TP1: $2315
TP2: $2330
TP3: $2340
🔥SELL GOLD zone: $2370 - $2372 SL $2375 scalping
TP1: $2360
TP2: $2350
TP3: $2340
⭐️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 prices did not change much on Wednesday morning. Now move zone 2360Note
Gold price decreased as predicted by PLAN DAYNote
Gold price reacts at support area 2340, currently waiting sideways for the US sessionNote
Gold price increased during the US session back to the 2350 areaNote
The Downtrend is still dominating during the sideways process at the beginning of the weekNote
Wait for tomorrow's GDP data to have a clear direction for GoldNote
Gold Price Falls - preference for Downtrend
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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