⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) face renewed selling pressure, dipping toward the $3,320 level during the early Asian session on Monday. The pullback comes as June’s stronger-than-expected US Nonfarm Payrolls (NFP) report has reshaped market expectations around the Federal Reserve’s (Fed) policy path. Investors now turn their attention to the upcoming release of the FOMC Minutes on Wednesday for further guidance.
The US economy added 147,000 jobs in June, beating expectations and slightly up from May’s revised figure of 144,000. Meanwhile, the Unemployment Rate held steady at 4.1%. These figures reinforced the view that the labor market remains resilient, thereby lowering the odds of an imminent Fed rate cut. As a result, the US Dollar has strengthened, weighing on non-yielding assets such as Gold.
⭐️Personal comments NOVA:
Downtrend at the beginning of the week, gold price returns to accumulate below 3300
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: 3337- 3339 SL 3344
TP1: $3328
TP2: $3312
TP3: $3300
🔥BUY GOLD zone: $3297-$3295 SL $3290
TP1: $3308
TP2: $3320
TP3: $3330
⭐️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 prices (XAU/USD) face renewed selling pressure, dipping toward the $3,320 level during the early Asian session on Monday. The pullback comes as June’s stronger-than-expected US Nonfarm Payrolls (NFP) report has reshaped market expectations around the Federal Reserve’s (Fed) policy path. Investors now turn their attention to the upcoming release of the FOMC Minutes on Wednesday for further guidance.
The US economy added 147,000 jobs in June, beating expectations and slightly up from May’s revised figure of 144,000. Meanwhile, the Unemployment Rate held steady at 4.1%. These figures reinforced the view that the labor market remains resilient, thereby lowering the odds of an imminent Fed rate cut. As a result, the US Dollar has strengthened, weighing on non-yielding assets such as Gold.
⭐️Personal comments NOVA:
Downtrend at the beginning of the week, gold price returns to accumulate below 3300
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: 3337- 3339 SL 3344
TP1: $3328
TP2: $3312
TP3: $3300
🔥BUY GOLD zone: $3297-$3295 SL $3290
TP1: $3308
TP2: $3320
TP3: $3330
⭐️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
Trade active
+ 110 pips, signal BUY 3297-3295 
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.