bearish cycle - bears dominate !! XAU / USD
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⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) extended its losses on Monday, dropping over 2% to hit its lowest level since October 10 after its steepest weekly decline in five months. Strong US Dollar (USD) demand, driven by expectations of cautious Federal Reserve (Fed) policies and optimism over President-elect Donald Trump’s growth-focused agenda, pushed US Treasury yields higher and weighed on the non-yielding gold.
However, the decline paused near $2,600 amid concerns that Trump’s protectionist policies could harm the global economy, spurring some safe-haven demand. Any significant rebound remains limited due to the USD's strong bullish momentum. Investors are likely waiting for this week’s US inflation data and key speeches from Federal Reserve officials, including Chair Jerome Powell, before making further moves.
⭐️Personal comments NOVA:
Gold price moves in wave 3 according to Elliot, decreasing in price by the end of 2024
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2656 - $2658 SL $2663
TP1: $2648
TP2: $2635
TP3: $2620
🔥BUY GOLD zone: $2604 - $2602 SL $2599 scalping
TP1: $2610
TP2: $2620
TP3: $2630
🔥BUY GOLD zone: $2575 - $2577 SL $2570
TP1: $2585
TP2: $2593
TP3: $2600
⭐️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
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) extended its losses on Monday, dropping over 2% to hit its lowest level since October 10 after its steepest weekly decline in five months. Strong US Dollar (USD) demand, driven by expectations of cautious Federal Reserve (Fed) policies and optimism over President-elect Donald Trump’s growth-focused agenda, pushed US Treasury yields higher and weighed on the non-yielding gold.
However, the decline paused near $2,600 amid concerns that Trump’s protectionist policies could harm the global economy, spurring some safe-haven demand. Any significant rebound remains limited due to the USD's strong bullish momentum. Investors are likely waiting for this week’s US inflation data and key speeches from Federal Reserve officials, including Chair Jerome Powell, before making further moves.
⭐️Personal comments NOVA:
Gold price moves in wave 3 according to Elliot, decreasing in price by the end of 2024
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2656 - $2658 SL $2663
TP1: $2648
TP2: $2635
TP3: $2620
🔥BUY GOLD zone: $2604 - $2602 SL $2599 scalping
TP1: $2610
TP2: $2620
TP3: $2630
🔥BUY GOLD zone: $2575 - $2577 SL $2570
TP1: $2585
TP2: $2593
TP3: $2600
⭐️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
Trade ist aktiv
+ 50 pips, great . Signal BUY scalping 2602-2604 . Trade geschlossen: Ziel wurde erreicht
Gold price touched support 2590 - then recovered. Trading around the area above 2610 . Gold price in wave 4
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/+1mFSljRaI5RlNjg1
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/+1mFSljRaI5RlNjg1
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