⭐️GOLDEN INFORMATION:
Gold (XAU/USD) edged up to around $3,365 in early Asian trading on Thursday, marking its third straight day of gains as a softer U.S. Dollar lent support. Market participants now turn their attention to the U.S. Producer Price Index (PPI) and weekly Initial Jobless Claims data, both due later in the day, for fresh direction.
This week’s softer U.S. inflation figures have strengthened expectations for a Federal Reserve rate cut in September and increased the likelihood of further easing before year-end. The resulting pressure on the Greenback has underpinned demand for the Dollar-denominated metal. Lower interest rates tend to reduce the opportunity cost of holding gold, making the non-yielding asset more attractive to investors.
⭐️Personal comments NOVA:
Gold price recovers in bullish pattern, still maintaining accumulation price range 3300 - 3400
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: 3388- 3390 SL 3395
TP1: $3380
TP2: $3367
TP3: $3350
🔥BUY GOLD zone: $3332-$3330 SL $3325
TP1: $3340
TP2: $3352
TP3: $3365
⭐️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) edged up to around $3,365 in early Asian trading on Thursday, marking its third straight day of gains as a softer U.S. Dollar lent support. Market participants now turn their attention to the U.S. Producer Price Index (PPI) and weekly Initial Jobless Claims data, both due later in the day, for fresh direction.
This week’s softer U.S. inflation figures have strengthened expectations for a Federal Reserve rate cut in September and increased the likelihood of further easing before year-end. The resulting pressure on the Greenback has underpinned demand for the Dollar-denominated metal. Lower interest rates tend to reduce the opportunity cost of holding gold, making the non-yielding asset more attractive to investors.
⭐️Personal comments NOVA:
Gold price recovers in bullish pattern, still maintaining accumulation price range 3300 - 3400
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: 3388- 3390 SL 3395
TP1: $3380
TP2: $3367
TP3: $3350
🔥BUY GOLD zone: $3332-$3330 SL $3325
TP1: $3340
TP2: $3352
TP3: $3365
⭐️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.