FOMC, the driving force for Gold prices to increase !! XAU
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
During the Asian trading session on Wednesday, the price of gold (XAU/USD) experienced a slight decline and moved further away from its two-week high reached around the $2,048-2,049 range the day before. This decrease is attributed to investors adjusting their expectations regarding the speed and extent of interest rate cuts by the Federal Reserve (Fed) due to robust economic data from the United States. As a result, the US Dollar (USD) remains strong, reaching its highest level since December 13 earlier this week, which puts pressure on the value of gold.
However, the recent drop in US Treasury bond yields may prevent the USD bulls from making aggressive bets. This, coupled with concerns about geopolitical risks arising from tensions in the Middle East, could continue to support the demand for gold as a safe-haven asset. Investors may also choose to remain cautious and wait for the highly anticipated FOMC monetary policy meeting before making any significant moves in relation to gold, which lacks yield. Therefore, bearish traders should exercise caution in their positions.
⭐️Personal comments NOVA:
The price chart according to technical analysis is supporting the Uptrend, the H1 frame is trading on a stable EMA line, according to economic experts at today's FOMC meeting, which also supports keeping or reducing interest rates. extreme for Gold
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2006 - $2004 SL $1996
TP1: $2015
TP2: $2022
TP3: $2030
🔥SELL GOLD zone: $2054 - $2056 SL $2062
TP1: $2048
TP2: $2040
TP3: $2030
⭐️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:
During the Asian trading session on Wednesday, the price of gold (XAU/USD) experienced a slight decline and moved further away from its two-week high reached around the $2,048-2,049 range the day before. This decrease is attributed to investors adjusting their expectations regarding the speed and extent of interest rate cuts by the Federal Reserve (Fed) due to robust economic data from the United States. As a result, the US Dollar (USD) remains strong, reaching its highest level since December 13 earlier this week, which puts pressure on the value of gold.
However, the recent drop in US Treasury bond yields may prevent the USD bulls from making aggressive bets. This, coupled with concerns about geopolitical risks arising from tensions in the Middle East, could continue to support the demand for gold as a safe-haven asset. Investors may also choose to remain cautious and wait for the highly anticipated FOMC monetary policy meeting before making any significant moves in relation to gold, which lacks yield. Therefore, bearish traders should exercise caution in their positions.
⭐️Personal comments NOVA:
The price chart according to technical analysis is supporting the Uptrend, the H1 frame is trading on a stable EMA line, according to economic experts at today's FOMC meeting, which also supports keeping or reducing interest rates. extreme for Gold
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2006 - $2004 SL $1996
TP1: $2015
TP2: $2022
TP3: $2030
🔥SELL GOLD zone: $2054 - $2056 SL $2062
TP1: $2048
TP2: $2040
TP3: $2030
⭐️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:
Gold price continues to increase slightly, the Uptrend is very beautiful with the news of NF and federal interest rates today
Comment:
Gold price is having a slight adjustment around the 2038 area, selling force is quite weak, it may continue to increase in the near future.
Comment:
+ 110 pips , for signal trend increase , BUY 2034
Comment:
+ 45 pips, for entry plan day : SELL 2054-2056
Comment:
+ 90 pips , FOR entry plan day: SELL 2054-2056
Comment:
+ 250 pips , for entey PLAN DAY: sell 2054-2056
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/Novascalperchannel
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/Novascalperchannel
