The gold market fluctuated after large selling volume! SELL
⭐️Smart investment, Strong finance Hope all is well
⭐️GOLDEN INFORMATION:
During the early European session on Thursday, the price of gold (XAU/USD) continues to face selling pressure. This decline in the value of the precious metal is due to two main factors - a stronger US Dollar (USD) and higher Treasury yields. Currently, gold is trading around $1,876, experiencing a modest gain of 0.11% for the day.
At the same time, there has been a significant surge in the US Dollar Index (DXY), which measures its value against a basket of foreign currencies. It has risen above 106.65, reaching its highest level since November. Additionally, US Treasury yields have also increased with the 10-year Treasury yield settling at 4.60%, marking its highest point since 2007.
Investors are displaying risk-averse sentiment as they consider both longer rates and potential growth risks resulting from an imminent government shutdown in the United States. However, market participants are closely monitoring Federal Reserve Chair Jerome Powell's upcoming speech this week for any indications of a less hawkish stance that could limit further upside potential for USD and potentially boost gold prices.
⭐️Personal comments NOVA:
A crazy Wednesday for gold prices. The selling pressure was too strong, causing gold prices to plummet. Waiting for information from the FED today to regain momentum to increase slightly
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $1884 - $1886 SL $1894
TP1: 1980
TP2: 1969
TP3: 1954
🔥SELL GOLD zone: $1902 - $1905 SL $1915
TP1: 1896
TP2: 1890
TP3: 1885
⭐️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
⭐️GOLDEN INFORMATION:
During the early European session on Thursday, the price of gold (XAU/USD) continues to face selling pressure. This decline in the value of the precious metal is due to two main factors - a stronger US Dollar (USD) and higher Treasury yields. Currently, gold is trading around $1,876, experiencing a modest gain of 0.11% for the day.
At the same time, there has been a significant surge in the US Dollar Index (DXY), which measures its value against a basket of foreign currencies. It has risen above 106.65, reaching its highest level since November. Additionally, US Treasury yields have also increased with the 10-year Treasury yield settling at 4.60%, marking its highest point since 2007.
Investors are displaying risk-averse sentiment as they consider both longer rates and potential growth risks resulting from an imminent government shutdown in the United States. However, market participants are closely monitoring Federal Reserve Chair Jerome Powell's upcoming speech this week for any indications of a less hawkish stance that could limit further upside potential for USD and potentially boost gold prices.
⭐️Personal comments NOVA:
A crazy Wednesday for gold prices. The selling pressure was too strong, causing gold prices to plummet. Waiting for information from the FED today to regain momentum to increase slightly
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $1884 - $1886 SL $1894
TP1: 1980
TP2: 1969
TP3: 1954
🔥SELL GOLD zone: $1902 - $1905 SL $1915
TP1: 1896
TP2: 1890
TP3: 1885
⭐️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:
After yesterday's sharp decline, gold prices are gradually stabilizing and short-term sideways in the 1973 - 1980 range.
Kommentar:
The price continues to trend down, needing an increase in the upcoming support zone
Kommentar:
The price moves exactly on the chart, negative news continues to cover the current gold price
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
🔥SELL GOLD zone: $1884 - $1886 SL $1894
TP1: 1880
TP2: 1869
TP3: 1854