⭐️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
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
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
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.