Gold price strategy early next week,opportunity or challenge?
تم تحديثه
✍️ NOVA hello everyone, Let's comment on gold price next week from , Last week of August
🔥 World situation:
Chair Powell emphasized the importance of caution in the upcoming meetings of the Federal Reserve (Fed). He acknowledged that contrary to expectations, the economy has not yet cooled down and therefore, the bank will continue to implement its restrictive policy. As highlighted in July, future decisions will heavily rely on incoming data. To assist investors in shaping their expectations, the Fed will receive both an additional Nonfarm Payrolls report and an inflation report for August. These key data points will be instrumental in guiding market projections.
🔥 Identify:
The last week of August is showing a recovery, trying to regain investors' confidence in precious metals. Gold price may have another rally in late August before starting the trend in early September.
🔥 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: $1915, $1935, $1950
Support : $1900, $1880, $1850
The last week of August may witness a recovery in gold prices
🔥 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
🔥 World situation:
Chair Powell emphasized the importance of caution in the upcoming meetings of the Federal Reserve (Fed). He acknowledged that contrary to expectations, the economy has not yet cooled down and therefore, the bank will continue to implement its restrictive policy. As highlighted in July, future decisions will heavily rely on incoming data. To assist investors in shaping their expectations, the Fed will receive both an additional Nonfarm Payrolls report and an inflation report for August. These key data points will be instrumental in guiding market projections.
🔥 Identify:
The last week of August is showing a recovery, trying to regain investors' confidence in precious metals. Gold price may have another rally in late August before starting the trend in early September.
🔥 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: $1915, $1935, $1950
Support : $1900, $1880, $1850
The last week of August may witness a recovery in gold prices
🔥 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
ملاحظة
Next week with a lot of important news announced: HPI, Nonfarm, PCE, MPI...Great influence on gold price and can clearly identify the main trend of gold in the second half of 2023
ملاحظة
Scalping XAU: SELL 1916 - 1918 SL1921
ملاحظة
+ 45 pips , from entry 1917,6ملاحظة
The price has tried to recover but the selling force is high, the psychology of most investors is in favor of the price reductionملاحظة
price tries to go back to test 1930 zone, buying volume is getting higher and higherbuy 1920 - 1922 sl 1916 tp 1930 , now
ملاحظة
+ 30 pips , from entry Buy 1922تم فتح الصفقة
Scalping :
SELL XAU 1925 - 1927 , SL 1931
TP: 1918, 1910
ملاحظة
+ 90 pips , from entry 1925تم فتح الصفقة
Sell XAU 1937-1939 SL 1941 TP : 1930, 1920
ملاحظة
Gia is in the entry zone, expecting a drop in price today with much negative news for the Dollarملاحظة
The market is slow, trading amplitude is low. Gold price is still in the SELL 1936 - 1938 entry, let's wait for the reaction after today's newsملاحظة
Price moved towards the 1950 resistance area, but immediately turned down. It shows that the selling pressure in this area is quite large. Temporarily gold price is still on the right track Nova week, the strong downward trend is about to startتم فتح الصفقة
SET UP : price gold before news SELL 1950 - 1953 SL 1960
TP: 1945 , 1940, 1930
ملاحظة
Gold price tends to decrease after the news of Core PCE Price Index m/m being announced, it is likely that tomorrow it will return to 193x.ملاحظة
The price approaches the 193x price range, exactly trendingملاحظة
Update: signal before news NF
🔥BUY GOLD zone: $1926 - $1923 SL $1915
TP 1: $1931
TP2: $1936
TP3: $1940
🔥SELL GOLD zone: $1953 - $1956 SL $1965
TP1: 1945
TP2: 1938
TP3: 1930
ملاحظة
+ 55 pips, from entry 1952,9ملاحظة
+ 120 pips , from entry 1952,9 nowتم فتح الصفقة
Next week there will be quite a bit of news affecting gold prices. The market will continue its downward trend Comment: Moving towards the 1900, 1880 price range soon
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/+1mFSljRaI5RlNjg1
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/+1mFSljRaI5RlNjg1
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