Slight rebound on important PPI news, gold price
Smart investment, Strong finance
GOLDEN INFORMATION:
The Gold Price (XAU/USD) is recuperating after hitting its lowest point in a month, breaking a four-day downward trend. This shift comes as market sentiments reassess concerns regarding higher interest rates and geopolitical tensions surrounding China. In addition to these factors, the US Dollar's inability to sustain its corrective bounce from late Thursday has contributed to XAU/USD's decline, along with uncertain US Treasury bond yields.
The underwhelming US inflation data has relieved Fed policymakers from worries about inflationary pressures. Meanwhile, Reserve Bank of Australia (RBA) Governor Philip Lowe justifies the recent pause in monetary policy by expressing concerns about potential increases in unemployment rates. Furthermore, the latest Reuters polls on the Reserve Bank of New Zealand (RBNZ) and European Central Bank (ECB) suggest that there will be no changes in interest rates during their upcoming monetary policy meetings.
Personal comments NOVA:
At the start of the 6th session, gold prices are recovering slightly but this is only the last attempt before the price continues to fall back to the 1900 area.
SET UP GOLD PRICE:
SELL GOLD zone: $1920 - $1923 SL $1926, SCALPING
TP 1: $1915
TP2: $1910
BUY GOLD zone: $1902 - $1905 SL 1890
TP1: 1915
TP2: 1930
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
- The winner is the one who sticks with the market the longest
GOLDEN INFORMATION:
The Gold Price (XAU/USD) is recuperating after hitting its lowest point in a month, breaking a four-day downward trend. This shift comes as market sentiments reassess concerns regarding higher interest rates and geopolitical tensions surrounding China. In addition to these factors, the US Dollar's inability to sustain its corrective bounce from late Thursday has contributed to XAU/USD's decline, along with uncertain US Treasury bond yields.
The underwhelming US inflation data has relieved Fed policymakers from worries about inflationary pressures. Meanwhile, Reserve Bank of Australia (RBA) Governor Philip Lowe justifies the recent pause in monetary policy by expressing concerns about potential increases in unemployment rates. Furthermore, the latest Reuters polls on the Reserve Bank of New Zealand (RBNZ) and European Central Bank (ECB) suggest that there will be no changes in interest rates during their upcoming monetary policy meetings.
Personal comments NOVA:
At the start of the 6th session, gold prices are recovering slightly but this is only the last attempt before the price continues to fall back to the 1900 area.
SET UP GOLD PRICE:
SELL GOLD zone: $1920 - $1923 SL $1926, SCALPING
TP 1: $1915
TP2: $1910
BUY GOLD zone: $1902 - $1905 SL 1890
TP1: 1915
TP2: 1930
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
- The winner is the one who sticks with the market the longest
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
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