Going to the end of Gold's H4 trend !! XAU ✍️ NOVA hello everyone, Let's comment on gold price next week from 12/2 - 16/2/2024
🔥 World situation:
Ending the week, Gold price sideways around the price range above $2020 - $2040. Continue to accumulate, waiting for more news on US inflation data
Next week will see a lot of notable news such as: CPI, Empire State Manufacturing Index, Unemployment Claims, PPI,...
🔥 Identify:
Technically: in the long-term H4 frame, Gold price continues to be in the two trend lines in the $2000 - $2040 price range, and will break the structure if it passes the two BREAK point areas as shown in the picture.
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $2035, $2056
Support : $2020, $2000
🔥 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
Sellxauusd
Expect a slight decrease at the end of the week!! XAU ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) is consolidating within a narrow range around the $2035 region per troy ounce during the early trading hours in Asia on Friday. At the same time, the US Dollar Index (DXY), which measures the value of the USD against a basket of six major currencies, is recovering and surpassing the 104.00 mark. The yields on US Treasury bonds are also rising, with the 10-year yield currently at 4.16%.
A decrease in the number of initial jobless claims in the US highlights the resilience of the economy and could potentially lead the Federal Reserve (Fed) to hold off on cutting interest rates in the near future. According to data released by the US Department of Labor on Thursday, the number of weekly initial jobless claims dropped to 218K for the week ending February 3, down from 227K in the previous week. This figure was slightly higher than the market consensus of 220K. Additionally, continuing claims decreased by 23K to 1.891M for the week ending January 27.
⭐️ Personal comments NOVA:
Gold prices continue to show stability, buyers and sellers have great competition at this price range. Continued sideways large range $2010-$2040
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2015 - $2017 SL 2010
TP1: $2025
TP2: $2032
TP3: $2040
🔥SELL GOLD zone: $2048 - $2050 SL $2055
TP1: $2040
TP2: $2030
TP3: $2020
⭐️ 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
Gold price has a slight recovery !!! XAU ⭐️ 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
Gold price adjusted DOWN !! XAU⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
During the Asian trading session on Tuesday, the price of gold (XAU/USD) is observed to be fluctuating within a narrow range. It is consolidating after experiencing losses and reaching a one-week low around the $2,015 mark on the previous day. While there is a slight decrease in global risk sentiment, which provides some support to the safe-haven precious metal, the bullish US Dollar (USD) and expectations that the Federal Reserve (Fed) may not reduce interest rates as much as initially anticipated act as obstacles.
The latest macroeconomic data from the United States continues to indicate a resilient economy, giving the Fed more room to maintain higher interest rates for a longer period. Furthermore, hawkish remarks made by several Fed officials, including Fed Chair Jerome Powell, have prompted investors to revise their expectations for a more aggressive policy easing in 2024. This shift in sentiment has contributed to the recent significant increase in US Treasury bond yields, which will likely bolster the US Dollar and limit any gains for the price of gold.
⭐️ Personal comments NOVA:
Adjustment cycle DOWN, sideway after the news that the FED will not lower interest rates in March 2024
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2000 - $2002 SL $1995
TP1: $2010
TP2: $2020
TP3: $2030
🔥SELL GOLD zone: $2034 - $2036 SL $2042
TP1: $2025
TP2: $2016
TP3: $2010
⭐️ 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
Gold price and PMI news today !! XAU ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) continues to experience selling pressure for the second consecutive day on Monday. It appears susceptible to extending the retracement slide from the $2,065 region, which marked a one-month peak. The strong US jobs report released on Friday confirmed market expectations of the Federal Reserve (Fed) maintaining higher interest rates for a longer period. This has supported the rise in US Treasury bond yields and boosted the US Dollar (USD) to its highest level since December 11. Consequently, this development is considered a significant factor that undermines the value of gold.
Furthermore, the overall bullish sentiment in global equity markets adds to the negative tone surrounding the price of gold. However, there is still a risk of further escalation of military action in the Middle East and ongoing concerns about a slowdown in China, which provide support for the safe-haven asset XAU/USD. As a result, bearish traders should exercise caution. Traders are now focusing on the release of the US ISM Services PMI, along with US bond yields, USD price movements, and overall market sentiment. These factors are expected to provide some momentum for gold.
⭐️ Personal comments NOVA:
Gold price sideways in the 2030-2040 price range waiting for PMI news, the DOWN trend is supporting because the FED supports not reducing interest rates in March
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2021 - $2023 SL $2015
TP1: $2030
TP2: $2040
TP3: $2052
🔥SELL GOLD zone: $2051 - $2053 SL $2060
TP1: $2044
TP2: $2037
TP3: $2030
⭐️ 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
Gold price in early February, sideway, stable accumulation ✍️ NOVA hello everyone, Let's comment on gold price next week from 5/2 - 9/2/2024
🔥 Identify:
After the information that interest rates will continue to remain the same and not decrease in March. Selling pressure has increased, Gold prices have not been able to have strong growth and continue to sideway above the $2000 price range.
Some important news worth noting this week are: Fed Chair Powell Speaks, PMI, Unemployment Claims,..
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $2050, $2060
Support : $2001
🔥 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
January 2024, Gold price remained stable above $2,000⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The financial markets are anticipating that the Federal Reserve (Fed) will maintain interest rates at a range of 5.25–5.50% during its upcoming January meeting. However, traders will closely watch the press conference for any indications from Fed Chairman Jerome Powell regarding a potential rate cut in March. If such signals are given, it could lead to selling pressure on the US dollar.
According to US officials, a drone attack on American forces stationed near the Syrian border in northeastern Jordan resulted in the loss of three US troops and numerous injuries. This incident has contributed to an escalation of tension in the Middle East, which may increase the demand for safe-haven assets like gold.
⭐️ Personal comments NOVA:
Gold prices in the Asian session on Monday are tending to increase slightly but will continue to move sideways to wait for new motivation from interest rates
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2006 - $2008 SL $1997
TP1: $2015
TP2: $2022
TP3: $2030
🔥SELL GOLD zone: $2032 - $2034 SL $2040
TP1: $2028
TP2: $2024
TP3: $2019
⭐️ 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
Gold price is still supported, waiting for PCE news⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Furthermore, the most recent political changes in the Middle East have resulted in a resurgence of non-profitable metal prices following the Houthis' assault on two American-flagged Maersk vessels that were under the protection of the US Navy.
Overall, those involved in the gold trading industry are preparing themselves for the upcoming announcement of the Federal Reserve's favored measurement of inflation, the Personal Consumption Expenditures (PCE) Price Index for December. This release is of particular importance as it precedes the monetary policy decision to be made by Fed Chairman Jerome Powell and his colleagues next week.
⭐️ Personal comments NOVA:
Gold price is still trying to maintain the 2010-2020 price range in the face of increasing selling pressure from investors due to information that the FED will lower interest rates in 2024.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2002 - $2005 SL $1995
TP1: $2008
TP2: $2014
TP3: $2020
🔥SELL GOLD zone: $2029 - $2031 SL $2036
TP1: $2024
TP2: $2019
TP3: $2014/b]
⭐️ 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
Gold price is trending DOWN with GDP news⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
During the Asian session on Thursday, the price of gold (XAU/USD) has slightly increased and recovered some of the significant losses from the previous day. However, there is a lack of strong bullish momentum. The US Dollar (USD) is struggling to take advantage of the rebound it experienced from a one-week low and is still below its highest level since December 13, which was reached on Tuesday. These factors, combined with the potential for further escalation of military action in the Middle East, are providing support for the safe-haven precious metal.
⭐️ Personal comments NOVA:
Gold price after the 2019 breakout, Gold price will continue to fluctuate below this zone and prioritize the upcoming DOWN trend, today's GDP news is also supporting that.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2000 - $2002 SL $1992
TP1: $2008
TP2: $2013
TP3: $2020
🔥SELL GOLD zone: $2022 - $2024 SL $2029
TP1: $2015
TP2: $2008
TP3: $2000
⭐️ 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
A slowdown in the DOWN trend !! XAU ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
This week's main events to watch out for include the release of the US Gross Domestic Product (GDP) for the fourth quarter on Thursday and the Core Personal Consumption Expenditures Price Index (Coe PCE) on Friday. If the US data shows weakness, it is expected to influence the Federal Reserve to adopt a more dovish stance, which could limit the downward movement of gold prices. Additionally, the US Richmond Fed Manufacturing Index for January will be published later on Tuesday, ahead of the key US event.
⭐️ Personal comments NOVA:
Gold price range 2020-2027. Still in a DOWN trend if there is no sudden change in bad economic data for the DOLLAR. Gold price continues to struggle sideways above $2000
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2002 - $2005 SL $1995
TP1: $2012
TP2: $2020
TP3: $2030
Pay attention to the 2015-2017 support zone, scalping BUY
🔥SELL GOLD zone: $2040 - $2042 SL $2050
TP1: $2032
TP2: $2026
TP3: $2020
⭐️ 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
Scalping XAU !! 22/1/2024 stuck at the border of 2 trendlines⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) is facing renewed selling pressure at the start of the week, putting a halt to its two-day recovery from the $2,000 mark. This level is considered a psychological threshold, and the price had dropped to a one-month low last Wednesday. Last week, positive macroeconomic data from the United States indicated a resilient economy, giving the Federal Reserve (Fed) room to maintain higher interest rates for a longer period. Additionally, hawkish comments from several Fed officials have led investors to lower their expectations for a more aggressive policy easing in 2024. As a result, this is undermining the appeal of gold as an investment, as it does not generate yield.
⭐️ Personal comments NOVA:
The price is having a certain compression, stuck in 2 trendlines. The setup touches the downtrend line, a SELL signal
⭐️ SET UP GOLD PRICE:
🔥SELL GOLD zone: $2025 - $2027 SL $2030
TP1: $2021
TP2: $2017
⭐️ 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
Gold's prosperity at the end of January 2024!! XAU✍️ NOVA hello everyone, Let's comment on gold price next week from 22/1 - 26/1/2024
🔥 Identify:
The prosperity at the end of January 2024, political and military tensions in the US economy helped Gold prices recover slightly, but not for long.
Next week, important economic data such as PMI, GDP... can continue to help Gold prices recover further before falling to sideways accumulation.
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $2038, $2056
Support : $2002, $1976
🔥 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
Prices continue to DECREASE during the week! XAU ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) is moving within a limited range during the Asian session on Friday and continues to stay close to a low point reached earlier this week, around the psychological level of $2,000. The Middle East is experiencing heightened geopolitical tensions as Pakistan conducted retaliatory airstrikes inside Iran on Thursday. Additionally, clashes between the US and Houthi forces in the Red Sea, coupled with ongoing concerns about China's weak economy, provide support for the safe-haven status of gold.
⭐️ Personal comments NOVA:
Following the DOWN trend of Gold, US economic data is also supporting that
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $1993 - $1995 SL $1985
TP1: $2002
TP2: $2010
TP3: $2020
🔥SELL GOLD zone: $2033 - $2035 SL $2040
TP1: $2027
TP2: $2020
TP3: $2010
⭐️ 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
Scalping XAU! 19/1/24 Strong selling resistance zone⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The US-led coalition is still engaged in conflicts with the Iran-backed Houthi faction in the Red Sea, which is contributing to the stability of the Comex Gold price as the US Dollar remains subdued. On Thursday, Houthi rebels in Yemen fired two ballistic missiles at a tanker ship owned by the US and operated by Greece. In response, the US conducted its fifth attack against Houthi targets.
⭐️ Personal comments NOVA:
set up signal SELL XAU, resistance zone along with US economic data expected to be good for USD bad for XAU
⭐️ SET UP GOLD PRICE:
🔥SELL GOLD zone: $2033 - $2035 SL $2040
TP1: $2025
TP2: $2017
TP3: $2002
⭐️ 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
Strong SELLING PRESSURE can cause Gold price to fall to 2002area⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Federal Reserve (Fed) Governor Christopher Waller stated on Tuesday that the Fed has the ability to decrease the target range for the federal funds rate in the upcoming year. Waller emphasized the importance of gradually and cautiously reducing the rates once the appropriate time arrives. Based on the CME FedWatch tool, market indicators suggest a 67% probability that the Federal Open Market Committee (FOMC) will initiate rate cuts in March. However, following Waller's remarks, traders adjusted their expectations from seven cuts in 2024 to six.
⭐️ Personal comments NOVA:
After last night's decline, Gold prices showed strong selling pressure, trading below the EMA lines, with an unclear trend, continuing a wide sideways range above the $2000 range.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2000 - $2002 SL $1995
TP1: $2010
TP2: $2025
TP3: $2040
🔥SELL GOLD zone: $2039 - $2041 SL $2047
TP1: $2030
TP2: $2022
TP3: $2010
⭐️ 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
PPI !! There is a chance for recovery!! XAU⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
On Friday, investors will pay close attention to the economic data coming out of China. It is predicted that the Consumer Price Index (CPI) for the nation will decrease by 0.4% compared to the previous year in December. Similarly, the Producer Price Index (PPI) is expected to drop by 2.6% year-on-year, down from the previous reading of 3.0%. If the data turns out to be weaker than expected, it could potentially have a negative impact on the price of gold, as China is one of the largest consumers of the precious metal worldwide. In addition, the US Producer Price Index (PPI) will also be released later in the day on Friday.
⭐️ Personal comments NOVA:
PPI prediction is quite positive for the dollar, Gold price is still sideways around the area below $2040, selling pressure is still trying to return to the $2000 area
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2022 - $2020 SL $2017 scalping Asian session
TP1: $2026
TP2: $2030
TP3: $2034
🔥BUY GOLD zone: $2000 - $2002 SL $1995
TP1: $2010
TP2: $2020
TP3: $2030
🔥SELL GOLD zone: $2053 - $2055 SL $2060
TP1: $2045
TP2: $2038
TP3: $2030
⭐️ 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
Should gold be prioritized for sale anymore?Hello everyone, what do you think about the price of gold?
Today gold does not have too many fluctuations, mainly around 2030 USD and the trend is still stuck in a downward trend!
About gold trading strategy:
-On the analysis chart, gold is limited below the resistance level of 2036 USD and confluences with the two EMA lines, so the downtrend is even more supported. Therefore, we will prioritize Sell orders with the goal of taking profits at the defensive level of the Bulls in 2020 - 2017 USD.
Good luck to you !
Waiting for new motivation after today's CPI news⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
During the early Asian trading hours on Thursday, the price of gold (XAU/USD) experienced a gradual increase. The weakened US Dollar (USD) provided some encouragement to the yellow metal, particularly in anticipation of the significant US CPI report later in the day. Currently, the gold price stands at $2,026, reflecting a 0.15% gain for the day.
⭐️ Personal comments NOVA:
It is still a nice DOWN trend according to the H1 chart frame, trading below the EMA makes the trend even clearer. CPI data at the beginning of the year creates prosperity for the US economy
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2015 - $2013 SL $2010 scalping
TP1: $2019
TP2: $2025
TP3: $2032
🔥BUY GOLD zone: $2000 - $2002 SL $1995
TP1: $2010
TP2: $2020
TP3: $2030
🔥SELL GOLD zone: $2037 - $2039 SL $2045
TP1: $2034
TP2: $2028
TP3: $2020
⭐️ 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
Steady correction DOWN trend!! XAU⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) is facing difficulties in gaining significant momentum after experiencing a slight decline from the $2,040 level yesterday. It is currently moving within a tight trading range during the Asian session on Wednesday. Traders appear hesitant and are choosing to wait for the upcoming release of the most recent consumer inflation data on Thursday before making any new directional trades.
⭐️ Personal comments NOVA:
Gold price is in a stable downward adjustment rhythm, with strong selling pressure. Price trading below the EMA shows the main downtrend
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2010 - $2012 SL $2007 scalping
TP1: $2016
TP2: $2020
TP3: $2025
🔥BUY GOLD zone: $2000 - $2002 SL $1995
TP1: $2010
TP2: $2020
TP3: $2030
🔥SELL GOLD zone: $2048 - $2050 SL $2055
TP1: $2040
TP2: $2025
TP3: $2012
⭐️ 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
Forming a short-term DOWN trend, correction⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
There is no important US economic news today, mainly based on technical analysis according to the Gold chart
⭐️ Personal comments NOVA:
Prices are forming a downward wave pattern in the short term. According to fibonacci, Gold prices need a DOWN adjustment period to continue creating more liquidity for the market in early 2024.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2047 - $2045 SL $2040
TP1: $2052
TP2: $2060
TP3: $2074
🔥SELL GOLD zone: $2074 - $2076 SL $2080
TP1: $2068
TP2: $2060
TP3: $2050
⭐️ 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
SCALPING !! 12/28/23 test the corrective wave rhythm⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) experienced slight downward pressure on Thursday following its recent three-week high. The valuable metal gave up some of its gains as investors took profits after a significant rally over the past two weeks. This occurred as the cost of holding the non-interest-bearing metal increased due to the recovery of US Treasury yields.
⭐️ Personal comments NOVA:
Based on today's correction, test the price trend at 2085 and signal SELL
⭐️ SET UP GOLD PRICE:
🔥SELL GOLD zone: $2085 - $2087 SL $2090 Scalping
TP1: $2080
TP2: $2075
TP3: $2070
⭐️ 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
Scalping XAU! Set up the SELL signal at the resistance zone⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The end of important economic news last week was beneficial for Gold, helping the Gold price this week to stabilize sideways in the H1 frame.
⭐️ Personal comments NOVA:
Gold price has a great possibility of continuing to stabilize the price above the $2050 area
⭐️ SET UP GOLD PRICE:
🔥SELL GOLD zone: $2065 - $2067 SL $2070 Scalping
TP1: $2062
TP2: $2058
TP3: $2053
⭐️ 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