GOLDEN INFORMATION:
Gold (XAU/USD) clings to modest recovery gains heading into the European session on Monday and holds comfortably above the $4,500 mark, or an over one-month low, touched the previous day. The uptick lacks any obvious fundamental catalyst and runs the risk of fizzling out quickly, warranting some caution before positioning for any meaningful upside. Heightened US-Iran tensions continue to fuel inflationary concerns and keep expectations of higher interest rates alive. This, along with a firmer US Dollar (USD), might contribute to capping the non-yielding bullion.
⭐️Personal comments NOVA:
H1 recovery and accumulation - breaking the trendline. Heading towards the 0.618 Fibonacci level (4600). Sideways movement and correction.
⭐️SET UP GOLD PRICE
🔥SELL GOLD zone: 4599 - 4601 SL 4609
TP1: $4580
TP2: $4550
TP3: $4520
🔥BUY GOLD zone: 4502- 4500 SL 4492
TP1: $4530
TP2: $4555
TP3: $4580
⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas .
⭐️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) clings to modest recovery gains heading into the European session on Monday and holds comfortably above the $4,500 mark, or an over one-month low, touched the previous day. The uptick lacks any obvious fundamental catalyst and runs the risk of fizzling out quickly, warranting some caution before positioning for any meaningful upside. Heightened US-Iran tensions continue to fuel inflationary concerns and keep expectations of higher interest rates alive. This, along with a firmer US Dollar (USD), might contribute to capping the non-yielding bullion.
⭐️Personal comments NOVA:
H1 recovery and accumulation - breaking the trendline. Heading towards the 0.618 Fibonacci level (4600). Sideways movement and correction.
⭐️SET UP GOLD PRICE
🔥SELL GOLD zone: 4599 - 4601 SL 4609
TP1: $4580
TP2: $4550
TP3: $4520
🔥BUY GOLD zone: 4502- 4500 SL 4492
TP1: $4530
TP2: $4555
TP3: $4580
⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas .
⭐️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
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.