⭐️GOLDEN INFORMATION:
Gold (XAU/USD) found some buying interest in Friday’s Asian session, rebounding from the two-week low near $3,330 hit the day before. Thursday’s data showed that U.S. producer prices rose in July at the fastest monthly pace since 2022, prompting markets to scale back expectations for a jumbo 50-basis-point Federal Reserve rate cut in September. This has emerged as a major headwind for the non-yielding metal.
Additionally, a generally upbeat risk tone is limiting safe-haven demand, capping gold’s upside. However, fresh selling pressure on the U.S. Dollar has provided some support to the Dollar-denominated commodity.
⭐️Personal comments NOVA:
Gold prices fall after ppi news, negative market sentiment as fears of inflation return will affect September rate cut decision
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: 3389- 3391 SL 3396
TP1: $3380
TP2: $3367
TP3: $3350
🔥BUY GOLD zone: $3311-$3309 SL $3304
TP1: $3324
TP2: $3333
TP3: $3348
⭐️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
Gold (XAU/USD) found some buying interest in Friday’s Asian session, rebounding from the two-week low near $3,330 hit the day before. Thursday’s data showed that U.S. producer prices rose in July at the fastest monthly pace since 2022, prompting markets to scale back expectations for a jumbo 50-basis-point Federal Reserve rate cut in September. This has emerged as a major headwind for the non-yielding metal.
Additionally, a generally upbeat risk tone is limiting safe-haven demand, capping gold’s upside. However, fresh selling pressure on the U.S. Dollar has provided some support to the Dollar-denominated commodity.
⭐️Personal comments NOVA:
Gold prices fall after ppi news, negative market sentiment as fears of inflation return will affect September rate cut decision
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: 3389- 3391 SL 3396
TP1: $3380
TP2: $3367
TP3: $3350
🔥BUY GOLD zone: $3311-$3309 SL $3304
TP1: $3324
TP2: $3333
TP3: $3348
⭐️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
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
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.