Will the new week's gold price recover?

١٣ أغسطس ٢٠٢٣

NOVA hello everyone, Let's comment on gold price next week from August 14 to August 18, 23

World situation:
After a series of positive news in the week for the dollar, the US economy has prospered, economic indicators are positive, which is the catalyst that causes gold prices to continuously decline.

According to experts, it is forecasted that this week the gold price will continue to be negatively affected and may continue to decrease.

Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:

Resistance: $1925, $1947
Support : $1913.5, $1900, $1894

Downtrend is still dominant, will continue to happen next week

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

١٣ أغسطس ٢٠٢٣

ملاحظة

Scalping for morning tomorrow:

buy gold zone 1909-1912 Sl 1905
TP1 : 1915
TP2: 1918

١٤ أغسطس ٢٠٢٣

ملاحظة

+ 50 pips , from entry 1910