GOLD Is the signal determined by the market?

Signals and Strategy August 24 GOLD

The world gold price gained modestly after a series of quiet days thanks to the weakening of the USD. Early this morning, the US Dollar Index, which measures the volatility of the greenback, fell 0.19%, increasing the attractiveness of gold to buyers holding other currencies.

The precious metal will face some significant challenges in the short term. Short-term Treasuries currently offer yields around 5%, which is significant competition for gold, which offers no yield and costs money to hold.

Currently gold price is at fibo 0.382 which shows a sideways level of gold. Tonight we will prioritize selling Gold around 1930. During the day, we will watch scalping to buy

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:

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

Comment:

SELL GOLD 1917 - 1919

SL : 1928

TP 1: 1912
TP 2: 1905
TP 3: 1900