FOMC factor determines the upcoming trend of Gold
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Trading in the US resumed on Tuesday following the Presidents' Day holiday on Monday. The yield of the 10-year US Treasury bond decreased by four basis points to 4.256%, indicating a slight decline. Surprisingly, despite concerns about the US Federal Reserve (Fed), investors remain cautious as data from the Chicago Board of Trade (CBOT) predicts a smaller rate cut of 102 basis points in 2024, compared to the previous estimate of 180 bps in mid-January.
However, the US dollar (USD) is currently stagnant due to the absence of economic data on the US agenda. Traders are eagerly awaiting the release of the minutes from the latest Federal Open Market Committee (FOMC) meeting.
⭐️Personal comments NOVA:
Gold's recovery still shows the market's optimism in the precious metal at present. Gold price is close to the $2030 resistance zone and shows quite a large buying force.
Today's FOMC meeting information will determine the upcoming short-term trend
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2010 - $2012 SL $2005
TP1: $2018
TP2: $2025
TP3: $2032
🔥SELL GOLD zone: $2038 - $2040 SL $2045
TP1: $2030
TP2: $2020
TP3: $2010
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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
⭐️GOLDEN INFORMATION:
Trading in the US resumed on Tuesday following the Presidents' Day holiday on Monday. The yield of the 10-year US Treasury bond decreased by four basis points to 4.256%, indicating a slight decline. Surprisingly, despite concerns about the US Federal Reserve (Fed), investors remain cautious as data from the Chicago Board of Trade (CBOT) predicts a smaller rate cut of 102 basis points in 2024, compared to the previous estimate of 180 bps in mid-January.
However, the US dollar (USD) is currently stagnant due to the absence of economic data on the US agenda. Traders are eagerly awaiting the release of the minutes from the latest Federal Open Market Committee (FOMC) meeting.
⭐️Personal comments NOVA:
Gold's recovery still shows the market's optimism in the precious metal at present. Gold price is close to the $2030 resistance zone and shows quite a large buying force.
Today's FOMC meeting information will determine the upcoming short-term trend
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2010 - $2012 SL $2005
TP1: $2018
TP2: $2025
TP3: $2032
🔥SELL GOLD zone: $2038 - $2040 SL $2045
TP1: $2030
TP2: $2020
TP3: $2010
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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 prices increased unexpectedly during the Asian session, the psychology of waiting for bad news for the dollar
Comment:
+ 30 pips, for entry Sell 2032.5
Comment:
+ 65 pips , sell 2032.5
Comment:
Gold price is currently trading below $2030, sideways waiting for today's Fomc meeting, and upcoming US session
Comment:
Gold prices show that price competition waiting for the FOMC meeting is very high, the sideway range is narrow
Comment:
+ 80 pips , signal Sell 2032.5
Comment:
+ 110 pips, signal SELL 2032.5
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/Novascalperchannel
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/Novascalperchannel
