GOLD Gold strategy ends a volatile week

Signals and strategies GOLD

Gold is on track to recover from losses recorded in the previous four weeks ahead of a speech by US Federal Reserve Chairman at the Jackson Hole Symposium.

The precious metal has shown resistance despite the improvement of the US Dollar (USD). US Dollar (USD) rally boosted by moderate US jobs data, keeps market sentiment cautious as investors look for additional signals regarding inflation outlook .

Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas with FIBONANCY to set up a reasonable SELL order.

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

Comment:

Hello everyone. What do you think about the buy signal at 1914 -1916
Stoploss : 1910
Note : This is a short signal. You look.
Good luck🔥🔥

Comment:

+ 70 pips , from entry 1904, wonderfull