Adjusting to go up - waiting for Gold to breakout
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) experienced a sharp intraday drop of over 1.5% on Wednesday after coming close to the record high. This decline followed the release of US consumer inflation data, which showed a downward trend in inflation and reinforced expectations for the Federal Reserve (Fed) to begin cutting rates in September. However, investors reduced their expectations for aggressive rate cuts, leading to a modest rebound in the US Dollar (USD) from its recent multi-month low, which put pressure on gold.
Despite this, concerns about a potential escalation of conflict in the Middle East helped limit gold's losses, providing support around the $2,438 level. The precious metal recovered about $10 from its daily low and gained some momentum during Thursday's Asian session, though continued USD buying is capping significant gains. For now, XAU/USD appears to have halted its two-day losing streak as traders await US Retail Sales data and other key economic reports later on Thursday for fresh direction.
⭐️Personal comments NOVA:
It is inevitable that liquidity is swept from the 2441 zone, sideways around the price zone of 2441 - 2461 to be able to increase strongly next.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2426 - $2424 SL $2419
TP1: $2435
TP2: $2450
TP3: $2462
🔥SELL GOLD zone: $2459 - $2461 SL $2464
TP1: $2455
TP2: $2448
TP3: $2440
🔥SELL GOLD zone: $2484 - $2486 SL $2491
TP1: $2478
TP2: $2470
TP3: $2460
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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 prices (XAU/USD) experienced a sharp intraday drop of over 1.5% on Wednesday after coming close to the record high. This decline followed the release of US consumer inflation data, which showed a downward trend in inflation and reinforced expectations for the Federal Reserve (Fed) to begin cutting rates in September. However, investors reduced their expectations for aggressive rate cuts, leading to a modest rebound in the US Dollar (USD) from its recent multi-month low, which put pressure on gold.
Despite this, concerns about a potential escalation of conflict in the Middle East helped limit gold's losses, providing support around the $2,438 level. The precious metal recovered about $10 from its daily low and gained some momentum during Thursday's Asian session, though continued USD buying is capping significant gains. For now, XAU/USD appears to have halted its two-day losing streak as traders await US Retail Sales data and other key economic reports later on Thursday for fresh direction.
⭐️Personal comments NOVA:
It is inevitable that liquidity is swept from the 2441 zone, sideways around the price zone of 2441 - 2461 to be able to increase strongly next.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2426 - $2424 SL $2419
TP1: $2435
TP2: $2450
TP3: $2462
🔥SELL GOLD zone: $2459 - $2461 SL $2464
TP1: $2455
TP2: $2448
TP3: $2440
🔥SELL GOLD zone: $2484 - $2486 SL $2491
TP1: $2478
TP2: $2470
TP3: $2460
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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
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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
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
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
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.