⭐️GOLDEN INFORMATION:
Gold (XAU/USD) remains under pressure for a second consecutive session on Friday, though it continues to trade above Thursday’s swing low. Market participants appear cautious, avoiding large directional positions ahead of Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium later today. His remarks will be closely analyzed for clues on the Fed’s policy outlook, which could shape near-term U.S. Dollar dynamics and provide fresh impetus for the non-yielding metal.
Meanwhile, the Dollar has paused after Thursday’s sharp rally to a two-week high, offering some relief to gold prices. Additionally, strengthening expectations that the Fed will restart its rate-cutting cycle in September—combined with a generally cautious market tone—suggest that bearish positions on XAU/USD warrant caution. Furthermore, the metal’s recent bounce from the 100-day Simple Moving Average highlights the need for confirmation through follow-through selling before anticipating any significant downside move.
⭐️Personal comments NOVA:
H1 frame sees gold price breaking short-term trend, selling pressure as % of interest rate cut expectations decrease
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: 3374- 3376 SL 3381
TP1: $3368
TP2: $3352
TP3: $3340
🔥BUY GOLD zone: $3303-$3301 SL $3296
TP1: $3312
TP2: $3323
TP3: $3339
⭐️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) remains under pressure for a second consecutive session on Friday, though it continues to trade above Thursday’s swing low. Market participants appear cautious, avoiding large directional positions ahead of Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium later today. His remarks will be closely analyzed for clues on the Fed’s policy outlook, which could shape near-term U.S. Dollar dynamics and provide fresh impetus for the non-yielding metal.
Meanwhile, the Dollar has paused after Thursday’s sharp rally to a two-week high, offering some relief to gold prices. Additionally, strengthening expectations that the Fed will restart its rate-cutting cycle in September—combined with a generally cautious market tone—suggest that bearish positions on XAU/USD warrant caution. Furthermore, the metal’s recent bounce from the 100-day Simple Moving Average highlights the need for confirmation through follow-through selling before anticipating any significant downside move.
⭐️Personal comments NOVA:
H1 frame sees gold price breaking short-term trend, selling pressure as % of interest rate cut expectations decrease
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: 3374- 3376 SL 3381
TP1: $3368
TP2: $3352
TP3: $3340
🔥BUY GOLD zone: $3303-$3301 SL $3296
TP1: $3312
TP2: $3323
TP3: $3339
⭐️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.