Weekend for recovery after news Non - Farm

Smart investment, Strong finance

GOLDEN INFORMATION:
According to preliminary data from CME Group, traders in the gold futures market reduced their open interest positions by approximately 3.7K contracts on Thursday, continuing the downward trend that followed a small increase on Wednesday. Volume also declined by nearly 30K contracts, reversing two consecutive days of growth.

As a result of these developments, the price of gold experienced an indecisive session on Thursday, with both open interest and volume showing signs of contraction. Consequently, it is difficult to determine the near-term direction for gold prices at this time. However, if further decline occurs, it is likely that the next key support level will be around $1900 per troy ounce.

Personal comments NOVA:
Although the market is not supportive for gold price this week, with the move to test the 1900 zone, but with the expectation that NON - FARM news will adversely affect the USD, gold may recover first to reduce pressure on investors.

SET UP GOLD PRICE:
BUY GOLD zone: $1924 - $1927 SL $1915
TP 1: $1935
TP2: $1950


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

Comment:

Sideway price narrow range 1935, waiting for news NON - farm

Comment:

+ 150 pips, profit for everyone

Comment:

waiting for 1952 soon

Comment:

strategy at the beginning of the week

SELL GOLD zone 1952-1955 SL 1965
TP1: 1945
TP2: 1930

Comment:

BUY gold zone : 1935 - 1937 SL 1925
TP1: 1945
TP2: 1952

Comment:

+ 65 pips from entry $1935. Great