✍️ NOVA hello everyone, Let's comment on gold price next week from 29/1 - 2/2/2024
🔥 World situatio and Identify: Next week, we will wait for a lot of very important news such as: CB Consumer Confidence, NF, Employment Cost Index q/q, pmi, verage Hourly Earnings m/m... and especially will announce the extremely impressive Federal Funds Rate. important for the US economy in early 2024.
With the assumption that interest rates will remain the same or REDUCE, helping to limit Inflation. One factor has a positive impact on Gold prices, along with expectations of Gold growth this week
🔥 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: $2027, $2035, $2056, $2087 Support : $2010, $1995, $1976
🔥 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
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Get ready for Gold prices to fall slightly in the early session of Monday