⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) tumbles to around $4,680 during the early Asian session on Friday. The precious metal extends the decline as traders cover losses from equities and adjust positions. The preliminary reading of the Michigan Consumer Sentiment Index report for February is due later on Friday.
The Chicago Mercantile Exchange Group (CME), the world's leading derivatives marketplace, has raised initial margin requirements for Gold and Silver futures contracts again, increasing the amount of collateral traders must post to open and maintain positions. Additionally, falling technology stocks have forced some traders to liquidate gold positions to meet margin requirements, exerting some selling pressure on the yellow metal.
⭐️Personal comments NOVA:
Gold prices are consolidating and moving downwards along a trend line, below 5000. Gold prices are consolidating and moving downwards along a trend line, below 5000.
⭐️SET UP GOLD PRICE
🔥SELL GOLD zone: 4940 - 4942 SL 4947
TP1: $4925
TP2: $4910
TP3: $4880
🔥BUY GOLD zone: 4653- 4655 SL 4648
TP1: $4670
TP2: $4690
TP3: $4715
⭐️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
Gold price (XAU/USD) tumbles to around $4,680 during the early Asian session on Friday. The precious metal extends the decline as traders cover losses from equities and adjust positions. The preliminary reading of the Michigan Consumer Sentiment Index report for February is due later on Friday.
The Chicago Mercantile Exchange Group (CME), the world's leading derivatives marketplace, has raised initial margin requirements for Gold and Silver futures contracts again, increasing the amount of collateral traders must post to open and maintain positions. Additionally, falling technology stocks have forced some traders to liquidate gold positions to meet margin requirements, exerting some selling pressure on the yellow metal.
⭐️Personal comments NOVA:
Gold prices are consolidating and moving downwards along a trend line, below 5000. Gold prices are consolidating and moving downwards along a trend line, below 5000.
⭐️SET UP GOLD PRICE
🔥SELL GOLD zone: 4940 - 4942 SL 4947
TP1: $4925
TP2: $4910
TP3: $4880
🔥BUY GOLD zone: 4653- 4655 SL 4648
TP1: $4670
TP2: $4690
TP3: $4715
⭐️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
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.