⭐️GOLDEN INFORMATION:
Gold (XAU/USD) traded with a positive tone in Wednesday’s Asian session, extending Tuesday’s rebound from the $3,331 level — its lowest in a week and a half. July’s U.S. consumer inflation data, which came in broadly in line with expectations, strengthened market bets on a September rate cut by the Federal Reserve. This has kept the U.S. Dollar on the defensive, providing a tailwind for the non-yielding metal.
That said, optimism surrounding an extension of the U.S.–China trade truce and the U.S.–Russia summit aimed at ending the war in Ukraine could limit safe-haven demand and cap gold’s upside. Moreover, repeated failures to hold above the $3,400 mark suggest that stronger follow-through buying is needed before confirming a near-term bottom. Traders now await comments from key FOMC policymakers later on Wednesday for fresh directional cues.
⭐️Personal comments NOVA:
Gold price moves sideways 3330 - 3360, liquidity sweep completed 3330, recovery
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: 3389- 3391 SL 3396
TP1: $3380
TP2: $3367
TP3: $3350
🔥BUY GOLD zone: $3304-$3302 SL $3297
TP1: $3315
TP2: $3325
TP3: $3338
⭐️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
Gold (XAU/USD) traded with a positive tone in Wednesday’s Asian session, extending Tuesday’s rebound from the $3,331 level — its lowest in a week and a half. July’s U.S. consumer inflation data, which came in broadly in line with expectations, strengthened market bets on a September rate cut by the Federal Reserve. This has kept the U.S. Dollar on the defensive, providing a tailwind for the non-yielding metal.
That said, optimism surrounding an extension of the U.S.–China trade truce and the U.S.–Russia summit aimed at ending the war in Ukraine could limit safe-haven demand and cap gold’s upside. Moreover, repeated failures to hold above the $3,400 mark suggest that stronger follow-through buying is needed before confirming a near-term bottom. Traders now await comments from key FOMC policymakers later on Wednesday for fresh directional cues.
⭐️Personal comments NOVA:
Gold price moves sideways 3330 - 3360, liquidity sweep completed 3330, recovery
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: 3389- 3391 SL 3396
TP1: $3380
TP2: $3367
TP3: $3350
🔥BUY GOLD zone: $3304-$3302 SL $3297
TP1: $3315
TP2: $3325
TP3: $3338
⭐️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
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.