GOLD Seller's expectations

Strategies and signals GOLD

In his remarks at the Jackson Hole conference, Fed President reiterated his commitment to continue to closely monitor economic data, while leaving the door open to a rate hike.

GOLD prices will hardly receive strong impetus to break out without a significant increase in inflation data or a worsening job market. The yuan believes that interest rates will continue to rise, pulling the dollar up and putting pressure on GOLD prices.


🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:

Resistance: 1915$, 1935$, 1950$
Support : 1900$, 1880$, 1850$

GOLD looks like it's finding some upside momentum before plummeting towards the 1,885$ target again.

Comment:

🔥 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

Comment:

✅Today we have CB Consumer Confidence news. Signal I will update later

Comment:

Currently gold price is stuck in a range and is moving sideways around 1925. Gold will run very strongly tonight

Trade active:

Hello friends, here is the strategy for today's news. Pay attention to selling gold around 1929 - 1932

SL : 1938

TP 1 : 1924
TP 2 : 1920
TP 3 : 1915

Manage your capital carefully and wisely. GOOD LUCK😍😍😍

Comment:

😍😍😍SELL signal 1929 - 1932 ready😍😍😍

Trade active:

Gold has been sideways around 1935. I expect gold to continue falling today. Everything is still going according to plan