✍️ NOVA hello everyone, Let's comment on gold price next week from 7/15 - 7/19/2024
🔥 World situation: Gold's price remained over $2,400 after dropping to a daily low of $2,391. The metal's value is predicted to rise for the third week amid speculation that the Federal Reserve may start easing in September. Despite higher-than-expected factory prices, the dollar didn't strengthen, benefiting gold. The XAU/USD stands at $2,415. June's Producer Price Index exceeded predictions while July's preliminary consumer sentiment reading from the University of Michigan declined, but inflation expectations have eased.
🔥 Identify: Gold price moves in the final wave (wave 5) in the long-term bullish model H4. Target to break the highest peak of 2451 and create a new peak
🔥 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: $2422, $2450, $2466 Support : $2392, $2357
🔥 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
Tensions in the US election affect Gold prices, creating opportunities for further price increases
تعليق
To continue to increase the price of gold, it is necessary to adjust to create liquidity early next week
تعليق
Gold price moves wave 5 - upward wave
+ 300 pips , from entry 2410 from the beginning of the week
تعليق
Waiting for the new ATH from Gold - approaching the 2450 price range
تعليق
Gold price officially broke new ATH: above 2460
تعليق
PLAN weekly resistance zone zone 2466 - price drops immediately. Accurate resistance points PLAN WEEKLY
تعليق
Gold price continues to increase beyond the 2470 mark
تم فتح الصفقة
PLAN Week reached FULL TP - forming a new ATH for Gold. Wait for psychological resistance areas to adjust
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