⭐️GOLDEN INFORMATION:
Gold (XAU/USD) trades slightly lower during the Asian session on Thursday, slipping back below the $4,350 handle after recently hitting seven-week highs. The pullback appears driven by profit-taking activity alongside a short-term rebound in the US Dollar (USD). That said, downside risks for the yellow metal look contained, as recent US labor-market data has reinforced expectations for additional rate cuts by the Federal Reserve, keeping broader USD dynamics biased to the downside. A lower interest-rate environment continues to compress the opportunity cost of holding non-yielding assets, providing a supportive backdrop for gold prices.
On the geopolitical front, tensions have intensified after Venezuela reportedly deployed naval forces to escort oil shipments amid threats of a US blockade. Such developments could reignite safe-haven demand, potentially lending renewed support to gold in the near term.
⭐️Personal comments NOVA:
Gold prices are consolidating around 4300, with a predominantly upward trend. Maintaining above 4300 will allow for further accumulation for the upcoming uptrend.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: 4390 - 4392 SL 4397
TP1: $4375
TP2: $4360
TP3: $4345
🔥BUY GOLD zone: 4298 - 4296 SL 4291
TP1: $4310
TP2: $4325
TP3: $4340
⭐️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
Gold (XAU/USD) trades slightly lower during the Asian session on Thursday, slipping back below the $4,350 handle after recently hitting seven-week highs. The pullback appears driven by profit-taking activity alongside a short-term rebound in the US Dollar (USD). That said, downside risks for the yellow metal look contained, as recent US labor-market data has reinforced expectations for additional rate cuts by the Federal Reserve, keeping broader USD dynamics biased to the downside. A lower interest-rate environment continues to compress the opportunity cost of holding non-yielding assets, providing a supportive backdrop for gold prices.
On the geopolitical front, tensions have intensified after Venezuela reportedly deployed naval forces to escort oil shipments amid threats of a US blockade. Such developments could reignite safe-haven demand, potentially lending renewed support to gold in the near term.
⭐️Personal comments NOVA:
Gold prices are consolidating around 4300, with a predominantly upward trend. Maintaining above 4300 will allow for further accumulation for the upcoming uptrend.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: 4390 - 4392 SL 4397
TP1: $4375
TP2: $4360
TP3: $4345
🔥BUY GOLD zone: 4298 - 4296 SL 4291
TP1: $4310
TP2: $4325
TP3: $4340
⭐️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
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
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
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
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.