Will XAU hit new ATH in July ??

Jul 16

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
A failed assassination attempt on Donald Trump, a Republican candidate in the 2024 presidential election, increased his chances of winning and raised hopes for less regulation. This boosted investor interest in riskier assets and may limit the rise in the price of gold, which is considered a safe-haven. Additionally, the US dollar's modest strength, fueled by the belief that Trump's policies would increase government debt and inflation, will help keep the XAU/USD (gold price) in check.

⭐️Personal comments NOVA:
The long-term framework still supports the increase in Gold prices - the FED has positive information for early interest rate cuts to help Gold prices gain momentum higher.

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2392 - $2390 SL $2385
TP1: $2405
TP2: $2420
TP3: $2430


🔥SELL GOLD zone: $2449 - $2551 SL $2456
TP1: $2440
TP2: $2430
TP3: $2420

⭐️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

Jul 16

Note

Gold price rises above 2430

Jul 16

Note

Gold price continued to increase during the European session - touching 2440

Jul 16

Note

Edit PLAN DAY XAU :

SELL zone 2449 - 2451 SL 2456

TP: 2440-2430-2420

Jul 16

Note

Good data for the dollar - bad for Gold (Gold price falls around 2430)

Jul 16

Note

+ 30 pips , Siganl PLAN DAY SELL 2449-2451