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Nova-Scalper
Apr 9, 2024 4:13 AM

The rising price of Gold continues to maintain Long

GoldOANDA

Description

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) consolidates in a bullish phase below $2,350, the previous day's all-time peak. The US Dollar benefits from expectations that the Federal Reserve (Fed) may postpone interest rate cuts, keeping US Treasury bond yields high. With a positive risk sentiment and overextended conditions on the daily chart, there is limited demand for gold.

⭐️Personal comments NOVA:
Gold price has peaked and is in an Uptrend line. There are no signs of price correction and continue to target new peaks

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2328 - $2326 SL $2321
TP1: $2340
TP2: $2355
TP3: $2367


🔥SELL GOLD zone: $2367 - $2369 SL $2375
TP1: $2360
TP2: $2350
TP3: $2340


⭐️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
- The winner is the one who sticks with the market the longest

Comment

Gold price continues to increase, creating a new peak for Gold at $2,356

Comment

+ 180 pips , from signal buy 2341-2339

Comment

+ 90 pips, SELL ZONE PLAN DAY 2367-2369

Comment

Gold price adjusts to 2350, waiting sideways for CPi news results

Comment

Gold price continues to try to break the old peak of the Asian session: 2365 but not enough force

The price corrected immediately to the 2350 area

Comment

Gold price approaches the 2350 price range, sideway
Comments
linofx1
Totally agreed with you,
Nova-Scalper
@linofx1, thanks you
ceciliones
nice trade plan
Nova-Scalper
@ceciliones, thanks for your comment
TAMERQ
Did not touch 2367-69!! Also did not go to 2341-39!! When all of that happened lol
Nova-Scalper
+ 90 pips, SELL ZONE PLAN DAY 2367-2369
Nova-Scalper
+ 180 pips , from signal buy 2341-2339
Mihai_Iacob
In my opinion, XauUsd will make a new ATH without dipping to the 2325 zone.
On the other hand, I agree with the 2375 zone as a zone from where the correction will start
Thanks!
Nova-Scalper
@Mihai_Iacob, Thank you very much for your opinion, nova is very happy to have the same opinion as Nova
Nova-Scalper
Hello everyone, what do you think about today's Gold price?
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