Downtrend line formed, long term SELL

Smart investment, Strong finance

GOLDEN INFORMATION:
During the early European session on Wednesday, the price of gold (XAU/USD) is facing challenges in its attempt to rise above $1,935. This struggle can be attributed to a decline in the value of the US dollar and a significant drop in US Treasury yields, which has resulted in a weaker performance for the Greenback overall. Additionally, the US Dollar Index (DXY) has recorded a slight decrease to 103.55, while the 10-year yield has fallen from 4.20% to 4.14%, reaching its lowest point in two weeks.

Personal comments NOVA:
Through the current world economic situation, gold price many times could not overcome the resistance zone of 1975. Good news supporting the USD is also the reason why GOLD prices continue to fall this week

SET UP GOLD PRICE:

SELL GOLD zone: $1936 - $1944 SL $1950 long-term
TP 1: $1905
TP2: $1880
TP3: $1850


Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. The D1 frame trend line model has formed, this is the appropriate price range to SELL

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:

Match entry 1938.5, Let's wait for the price to decrease according to the expected trend

Comment:

Nova still supports the downtrend line of frame D, the price is currently returning to the Sell 1943 entry area

Comment:

Scalping today

sell 1946-1948 SL 1952

TP: 1943, 1940,1935

Comment:

+ 40 pips , from entry SELL 1947,5

Comment:

+ 70,5 pips , from entry 1947,5. Congratulation all

Comment:

The price is going in the right direction, returning to the 193x . area

Comment:

The price continues to be in the downtrend price range, correct. Let's wait for the next one next week

Trade active:

Stocks rose Friday as traders bet an increase in the U.S. unemployment rate could keep the Federal Reserve from tightening policy.

The Dow Jones Industrial Average gained 230 points, or 0.7%.

The S&P 500 climbed 0.7%.

the Nasdaq Composite also advanced 0.7%.

The latest U.S. nonfarm payrolls report showed the unemployment rate ticked higher to 3.8% in August, reaching its highest level in more than a year. Economists had expected it to remain at 3.5%.

Comment:

+ 200 pips , from entry SELL 1944 now

Absolutely accurate downtrend line

Comment:

The downtrend continues, correct judgment. Let's wait for the next comment from NOVA