GOLDEN INFORMATION:
Gold price (XAU/USD) tumbles to near $5,140, snapping the four-day winning streak during the early Asian session on Wednesday. The precious metal loses momentum amid some profit-taking and a stronger US Dollar (USD). Traders will closely monitor the US President Donald Trump's State of the Union address on Wednesday for clarity on fiscal policies.
After reaching multi-week highs, traders start booking their profits, weighing on the yellow metal. Furthermore, hawkish comments from the US Federal Reserve (Fed) officials underpin the Greenback and drag the USD-denominated commodity price lower. Boston Fed President Susan Collins said on Tuesday that interest rates are likely to stay unchanged “for some time” as recent economic data shows an improvement in the labor market, while risks to inflation remain, per Bloomberg.
⭐️Personal comments NOVA:
After gaining sufficient liquidity around the 5110 gap, the price of gold continued to rise and recovered above 5200.
⭐️SET UP GOLD PRICE
🔥SELL GOLD zone: 5245 - 5247 SL 5252
TP1: $5230
TP2: $5210
TP3: $5190
🔥BUY GOLD zone: 5045- 5043 SL 5038
TP1: $5060
TP2: $5075
TP3: $5100
⭐️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
Gold price (XAU/USD) tumbles to near $5,140, snapping the four-day winning streak during the early Asian session on Wednesday. The precious metal loses momentum amid some profit-taking and a stronger US Dollar (USD). Traders will closely monitor the US President Donald Trump's State of the Union address on Wednesday for clarity on fiscal policies.
After reaching multi-week highs, traders start booking their profits, weighing on the yellow metal. Furthermore, hawkish comments from the US Federal Reserve (Fed) officials underpin the Greenback and drag the USD-denominated commodity price lower. Boston Fed President Susan Collins said on Tuesday that interest rates are likely to stay unchanged “for some time” as recent economic data shows an improvement in the labor market, while risks to inflation remain, per Bloomberg.
⭐️Personal comments NOVA:
After gaining sufficient liquidity around the 5110 gap, the price of gold continued to rise and recovered above 5200.
⭐️SET UP GOLD PRICE
🔥SELL GOLD zone: 5245 - 5247 SL 5252
TP1: $5230
TP2: $5210
TP3: $5190
🔥BUY GOLD zone: 5045- 5043 SL 5038
TP1: $5060
TP2: $5075
TP3: $5100
⭐️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
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.