Gold price recovered to $2400, sideway Monday
Updated
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
The price of gold (XAU/USD) demonstrated strength below the 50-day Simple Moving Average (SMA) on Friday and made a slight recovery from a low point reached over two weeks ago. This upward movement occurred after the US Personal Consumption Expenditures (PCE) Price Index was released, indicating a modest increase in inflation in June. This development raised expectations for the Federal Reserve (Fed) to begin reducing interest rates soon. Following the inflation data, US Treasury bond yields decreased, weakening the US Dollar (USD) and supporting the gold, which does not provide interest yields.
⭐️Personal comments NOVA:
Gold price recovered at the beginning of the week - world military news continues to influence gold price to recover to 2400, sideways this area is expected to continue below $2400
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2374 - $2372 SL $2367
TP1: $2380
TP2: $2390
TP3: $2400
🔥SELL GOLD zone: $2406 - $2408 SL $2413
TP1: $2400
TP2: $2390
TP3: $2380
⭐️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:
The price of gold (XAU/USD) demonstrated strength below the 50-day Simple Moving Average (SMA) on Friday and made a slight recovery from a low point reached over two weeks ago. This upward movement occurred after the US Personal Consumption Expenditures (PCE) Price Index was released, indicating a modest increase in inflation in June. This development raised expectations for the Federal Reserve (Fed) to begin reducing interest rates soon. Following the inflation data, US Treasury bond yields decreased, weakening the US Dollar (USD) and supporting the gold, which does not provide interest yields.
⭐️Personal comments NOVA:
Gold price recovered at the beginning of the week - world military news continues to influence gold price to recover to 2400, sideways this area is expected to continue below $2400
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2374 - $2372 SL $2367
TP1: $2380
TP2: $2390
TP3: $2400
🔥SELL GOLD zone: $2406 - $2408 SL $2413
TP1: $2400
TP2: $2390
TP3: $2380
⭐️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
Comment
Gold price continues to move below the 2400 area during the Asian sessionComment
Gold price is still sideways around 2390-2400 during the European sessionComment
Not much has changed in the first session of the week - mainly sideways and waiting for ADP - NF data on WednesdayComment
The European session ended with a decrease in the price of Gold - fluctuating around 2380-2390Comment
Gold price decreased during the US session, returning to the 2380 areaComment
+ 25 pips , signal BUY PLAN DAY 2372-2374Comment
+ 80 pips , signal BUY PLAN DAY 2372-2374Comment
+ 110 pips, signal PLAN DAY BUY 2372-2374Comment
+ 135 pips, signal PLAN DAY BUY 2372-2374
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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