⭐️GOLDEN INFORMATION:
Gold (XAU/USD) slips in Friday’s Asian session, pulling back from a five-week high near $3,425 as profit-taking and strong US GDP and jobless claims data lift the Dollar. Still, growing expectations of a September Fed rate cut, reinforced by dovish comments from NY Fed’s John Williams, help limit the downside for the non-yielding metal.
⭐️Personal comments NOVA:
Gold prices increased thanks to expectations that the FED will cut interest rates in September. However, the large fomo market will cause the market to be too optimistic, requiring adjustments to accumulate before that time.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: 3437- 3439 SL 3444
TP1: $3430
TP2: $3420
TP3: $3410
🔥BUY GOLD zone: $3366-$3364 SL $3359
TP1: $3375
TP2: $3383
TP3: $3390
⭐️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) slips in Friday’s Asian session, pulling back from a five-week high near $3,425 as profit-taking and strong US GDP and jobless claims data lift the Dollar. Still, growing expectations of a September Fed rate cut, reinforced by dovish comments from NY Fed’s John Williams, help limit the downside for the non-yielding metal.
⭐️Personal comments NOVA:
Gold prices increased thanks to expectations that the FED will cut interest rates in September. However, the large fomo market will cause the market to be too optimistic, requiring adjustments to accumulate before that time.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: 3437- 3439 SL 3444
TP1: $3430
TP2: $3420
TP3: $3410
🔥BUY GOLD zone: $3366-$3364 SL $3359
TP1: $3375
TP2: $3383
TP3: $3390
⭐️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.