Test resistance before falling, XAU/USD

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Gold prices were negatively affected by strong economic releases in August. Despite the previous decline in the labor market, it faced a setback with two impressive reports: the ISM Services PMI and Initial Jobless Claims, both of which exceeded market expectations. As long as the data remains uncertain, market participants should anticipate price consolidation.

Investors are expected to closely monitor the release of the US Consumer Price Index (CPI) data for August, as it holds significant importance leading up to the September monetary policy meeting of the US Federal Reserve (Fed).

⭐️Personal comments NOVA:
Gold prices are trying to return to the 1930 resistance zone before the CPI news released on Wednesday. There is a very high possibility that the downtrend of gold prices will continue this week.

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $1906 - $1903 SL $1895
TP 1: $1909
TP2: $1912
TP3: $1917

🔥SELL GOLD zone: $1932 - $1935 SL $1945
TP1: 1928
TP2: 1925
TP3: 1920

🔥SELL GOLD zone: $1925 - $1927 SL $1931( SCALPING)
TP1: 1922
TP2: 1919
TP3: 1915

⭐️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:

Right trend, accurate assessment

But missed 5 pips with entry 1925 Scalping, Continue moving towards support area 1915

Trade ist aktiv:

Gold price continues sideways when touching the support zone 1905-1907. Waiting for important CPI results today

Gold prices are predicted to continue a strong downward trend

Kommentar:

+ 80 pipss , from entry BUy 1906

Congratulation

Trade ist aktiv:

The price is currently sideways around the 1905 - 1915 price range. Waiting for the results of PPI news today

Trade ist aktiv:

UPdate signal: today : 14/9/2023

BUY GOLD: 1897- 1900 SL 1892
TP: 1903, 1907, 1912

SELL GOLD: 1918 - 1921 SL 1926
TP: 1915, 1907, 1900

Kommentar:

Miss 10 pips entry Buy 1900

( miss profit + 60 pips )

Kommentar:

+ 30 pips , from entry SELL 1919.5

Trade ist aktiv:

Update comment : 18/9/2023

SELL scalping 1928 - 1930 SL 1933

TP: 1926, 1923,1920

Kommentar:

+ 25 pips , great , from entry SELL 1930

Kommentar:

+ 45 pips , wonderfull , from entry SELL 1930

Trade ist aktiv:

The price trend could break out of the 1930 price range and approach the 1940-1942 resistance zone. This is a beautiful Sell entry point for Gold

Trade ist aktiv:

www.tradingview.com/u/Nova-Scalper/

Identify NOVA 19/9/23:

SET UP GOLD PRICE:

BUY GOLD zone: $1923 - $1920 SL $1910
TP 1: $1927
TP2: $1931
TP3: $1935

SELL GOLD zone: $1933 - $1936 SL $1945( maybe sell add zone 1940-1942)
TP1: 1927
TP2: 1922
TP3: 1915

Kommentar:

+ 50 pips , from entry SELL 1936 , now

Congratulation all

Kommentar:

Comment today 9/20/23

SET UP GOLD PRICE:

BUY GOLD zone: $1922 - $1925 SL $1915
TP 1: $1928
TP2: $1932
TP3: $1936

SELL GOLD zone: $1936 - $1938 SL $1945
TP1: 1932
TP2: 1925
TP3: 1920
( maybe SELL small LOT zone 1934- 1936)