GOLD Smooth strategy for the last day of the month

Signals and strategies for August 31 GOLD

🥰 GOLD is currently hovering around the 61.8% Fibonacci retracement level of the 1,985$ - 1,886$ drop at 1,947$, maintaining the bullish bias.

🥰The 4-hour chart shows that technical indicators are slightly down but still within overbought levels, not enough to confirm an interim top.

🥰US consumer confidence and activity data, as well as housing market data, previously supported dovish comments on the US central bank and weighed on the US dollar, which has since boost Gold price.

🥰The market is waiting for a downward correction from the $1948 - $1950 mark. That means the gold selling strategy is still active today

Comment:

🥰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

Trade active:

SELL GOLD zone: 1949 - 1951

SL : 1956

TP1 : 1942
TP2 : 1933

Comment:

Today we will have PCE news. Accurate prediction when news is released Nova will update you guys

Comment:

Good news for the dollar, the announcement was equal to expectations but expectations were higher than previous reality, so actual PCE was high

Comment:

+40pips for entry 1950✅

Trade closed: target reached:

+100pips for entry SELL GOLD. A lot of profit 🎁🎁🎁

Comment:

Sideway market waits for NF news today