Start December. PMI impact on Gold price
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
During the Asian session on Friday, there is a noticeable increase in interest in the price of gold (XAU/USD), leading to a partial recovery from the losses experienced the previous day. The current value of this precious metal is approximately $2,040, representing a modest increase of 0.15% for the day. It is worth noting that this places the price within close proximity to its highest level since May 5, which was reached on Wednesday. Recent data from the United States (US) reveals that inflation rates have continued to decrease in October, while the labor market has shown signs of slowing down. These developments support the belief that the Federal Reserve (Fed) will no longer pursue interest rate hikes. This dovish outlook has become a significant contributing factor in the positive performance of gold, which does not offer any yield.
⭐️Personal comments NOVA:
With good forecasts for the dollar, bad for Gold after today's PMI news. Gold is still in the accumulation phase, sideways to have a new breakthrough in December
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2015 - $2017 SL $2007
TP1: $2027
TP2: $2040
TP3: $2052
🔥SELL GOLD zone: $2060 - $2062 SL $2070
TP1: $2050
TP2: $2040
TP3: $2030
⭐️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
⭐️GOLDEN INFORMATION:
During the Asian session on Friday, there is a noticeable increase in interest in the price of gold (XAU/USD), leading to a partial recovery from the losses experienced the previous day. The current value of this precious metal is approximately $2,040, representing a modest increase of 0.15% for the day. It is worth noting that this places the price within close proximity to its highest level since May 5, which was reached on Wednesday. Recent data from the United States (US) reveals that inflation rates have continued to decrease in October, while the labor market has shown signs of slowing down. These developments support the belief that the Federal Reserve (Fed) will no longer pursue interest rate hikes. This dovish outlook has become a significant contributing factor in the positive performance of gold, which does not offer any yield.
⭐️Personal comments NOVA:
With good forecasts for the dollar, bad for Gold after today's PMI news. Gold is still in the accumulation phase, sideways to have a new breakthrough in December
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2015 - $2017 SL $2007
TP1: $2027
TP2: $2040
TP3: $2052
🔥SELL GOLD zone: $2060 - $2062 SL $2070
TP1: $2050
TP2: $2040
TP3: $2030
⭐️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:
The news results are not favorable for the Dollar. Gold price has momentum to touch resistance 2052 again. Buying force is still quite strong. Everyone is waiting for PLAN DAY.
Comment:
+ 20 pips , signal SELL 2060-2062
Comment:
+ 30 pips , profit at the end of the day
Comment:
Gold prices increased sharply, reaching the highest milestone in history. Currently, the price will stay sideways waiting for important news next week
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
As analyzed by NOVA chart, the price has not yet been able to break through this zone, there has been an immediate decrease of 45pips