⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price rises to around $2,450 per ounce in Asia on Friday. Traders are waiting for US labor market data for July. Recent data on manufacturing and employment in the US have raised concerns, boosting demand for safe-haven assets like Gold. US ISM Manufacturing PMI fell to 46.8 in July, lower than expected. Initial Jobless Claims for the week ended July 26 increased to 249K.
⭐️Personal comments NOVA:
Sentiment and the market are looking forward to a new ATH point today after the NF news was announced. The expected resistance zone is 2500
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2442 - $2444 SL $2438( scalping / Only applicable for Asian and European sessions )
TP1: $2449
TP2: $2455
TP3: $2462
🔥BUY GOLD zone: $2415 - $2417 SL $2410
TP1: $2425
TP2: $2440
TP3: $2450
🔥SELL GOLD zone: $2502 - $2504 SL $2510
TP1: $2490
TP2: $2480
TP3: $2460
⭐️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