Going to the end of Gold's H4 trend !! XAU

✍️ NOVA hello everyone, Let's comment on gold price next week from 12/2 - 16/2/2024

🔥 World situation:

Ending the week, Gold price sideways around the price range above $2020 - $2040. Continue to accumulate, waiting for more news on US inflation data

Next week will see a lot of notable news such as: CPI, Empire State Manufacturing Index, Unemployment Claims, PPI,...

🔥 Identify:
Technically: in the long-term H4 frame, Gold price continues to be in the two trend lines in the $2000 - $2040 price range, and will break the structure if it passes the two BREAK point areas as shown in the picture.

🔥 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: $2035, $2056
Support : $2020, $2000


🔥 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:

Gold prices are reaching new milestones in the past two years, becoming more and more stable