CPI, an opportunity for Gold prices to continue to increase
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
The gold price (XAU/USD) rose slightly due to a weaker US Dollar (USD). Factors like strong demand, central bank purchases, and geopolitical risks in the Middle East supported gold. However, hawkish comments from Federal Reserve officials, including Chairman Jerome Powell's suggestion of higher interest rates for a longer period, may push gold lower in the short term.
Later today, the US Consumer Price Index (CPI) for April will be released, providing insight into the timing of the Fed's rate adjustments. Additionally, Retail Sales for April will be published, offering information on consumer spending trends. If inflation data exceeds expectations, the Fed may adopt a more aggressive stance, strengthening the Greenback and putting pressure on USD-denominated gold.
⭐️Personal comments NOVA:
Today's CPI data continues to be evaluated by experts in favor of Gold. Gold price is still moving within the H4 long-term price increase range. Today's expected resistance levels are $2376, $2390
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2346 - $2348 SL $2343 scalping (European and Asian sessions )
TP1: $2352
TP2: $2358
TP3: $2370
🔥SELL GOLD zone: $2376 - $2378 SL $2381( scalping )(European and Asian sessions )
TP1: $2370
TP2: $2365
TP3: $2358
🔥SELL GOLD zone: $2390 - $2392 SL $2397
TP1: $2380
TP2: $2370
TP3: $2358
⭐️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:
The gold price (XAU/USD) rose slightly due to a weaker US Dollar (USD). Factors like strong demand, central bank purchases, and geopolitical risks in the Middle East supported gold. However, hawkish comments from Federal Reserve officials, including Chairman Jerome Powell's suggestion of higher interest rates for a longer period, may push gold lower in the short term.
Later today, the US Consumer Price Index (CPI) for April will be released, providing insight into the timing of the Fed's rate adjustments. Additionally, Retail Sales for April will be published, offering information on consumer spending trends. If inflation data exceeds expectations, the Fed may adopt a more aggressive stance, strengthening the Greenback and putting pressure on USD-denominated gold.
⭐️Personal comments NOVA:
Today's CPI data continues to be evaluated by experts in favor of Gold. Gold price is still moving within the H4 long-term price increase range. Today's expected resistance levels are $2376, $2390
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2346 - $2348 SL $2343 scalping (European and Asian sessions )
TP1: $2352
TP2: $2358
TP3: $2370
🔥SELL GOLD zone: $2376 - $2378 SL $2381( scalping )(European and Asian sessions )
TP1: $2370
TP2: $2365
TP3: $2358
🔥SELL GOLD zone: $2390 - $2392 SL $2397
TP1: $2380
TP2: $2370
TP3: $2358
⭐️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
تعليق:
Gold price is sideways around 2360 during the Asian session
تعليق:
Gold prices increased before today's CPI news,
تعليق:
Gold price increased pressure close to the 2376 resistance zone, with a downward correction immediately afterward
تعليق:
+ 40 pips, signal PLAN DAY SELL 2376-2378
تعليق:
+ 110 pips, signal PLAN DAY SELL 2376-2378 , wonderfull
تعليق:
+ 250 pips , SIGNAL plan day SELL 2376-2378
تعليق:
+ 30 pips, Plan day SELL 2390-2392 . Amazing plan day
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
