Forming a short-term DOWN trend, correction

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
There is no important US economic news today, mainly based on technical analysis according to the Gold chart

⭐️Personal comments NOVA:
Prices are forming a downward wave pattern in the short term. According to fibonacci, Gold prices need a DOWN adjustment period to continue creating more liquidity for the market in early 2024.

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2047 - $2045 SL $2040
TP1: $2052
TP2: $2060
TP3: $2074


🔥SELL GOLD zone: $2074 - $2076 SL $2080
TP1: $2068
TP2: $2060
TP3: $2050

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

Kommentar:

The price is approaching the SELL 2074-2076 entry area, waiting for news of the European trading session

Kommentar:

+ 30 pips , from entry SELL 2074-2076

Kommentar:

+ 40 pips , nice signal

Kommentar:

The price of gold (XAU/USD) begins the year 2024 on a positive note, showing strong stability on Tuesday due to expectations of the Federal Reserve (Fed) lowering interest rates starting in March. The factors contributing to these hopes for rate cuts are substantial improvement in inflation levels approaching 2%, as well as a more relaxed labor market resulting from a restrictive monetary policy.

Kommentar:

+ 80 pips , for signal SELL 2074-2076

Kommentar:

+ 100 pips , nice .

Kommentar:

+ 140 pips , from entry SELL 2076. Wonderfull

Kommentar:

+ 180 pips , more TP 2 . Nice

Kommentar:

As expected, the price is in the main downtrend, currently trading below the 2060 area

Kommentar:

After a short correction, Gold price is currently trading around 2060. Continue sideways to complete the downward correction.

Trade ist aktiv:

XAU/ USD: Plan day 1/3/2023

SET UP GOLD PRICE:

BUY GOLD zone: $2045 - $2043 SL $2038
TP1: $2052
TP2: $2060
TP3: $2070


SELL GOLD zone: $2066 - $2069 SL $2075
TP1: $2060
TP2: $2052
TP3: $2045

Good luck everyone

Kommentar:

+ 30 pips , for signal SELL 2066-2069

Kommentar:

+ 50 pips , sell 2066-2069 . Win

Kommentar:

+ 70 pips , sell 2066-2069. Wonderfull

Kommentar:

+ 120 pips , for signal SELL 2066-2069

Kommentar:

+ 240 pips, for signal SELL 2066-2069

Kommentar:

+ 340 pips , wow signal SELL 2066-2069

Kommentar:

Price continues to trend down, excellent SELL signal. necessary adjustment

Kommentar:

The downward adjustment trend is 100% accurate.

Trade ist aktiv:

Update: signal plan day : 5/1/2024

Some comments before the news:

Weekend with 4 important economic news. It is not beyond the possibility that the price will sweep both ends up and down.

Economic data will largely support a bearish dollar for Gold, with technical charts favoring a Bearish correction.

The main trend after the news, the price continues to adjust downward to create more liquidity and then has an increasing rhythm

Wishing everyone successful trading over the weekend

Buy 2024-2022 SL 2017
TP: 2028, 2035,2040

Sell 2058-2060 SL 2065
TP: 2054,2048,2040

Kommentar:

+ 100 pips , for signal BUY 2022-2024

Kommentar:

+ 180 pips , wonderfull for signal Buy 2022-2024

Kommentar:

+ 250 pips , signal today buy 2022-2024

Kommentar:

+ 380 pips , wonderfull for signal buy 2022-2024

Kommentar:

+ 200 pips , for signal SELL 2058-2060 . Great