Strong SELLING PRESSURE can cause Gold price to fall to 2002area
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⭐️GOLDEN INFORMATION:
Federal Reserve (Fed) Governor Christopher Waller stated on Tuesday that the Fed has the ability to decrease the target range for the federal funds rate in the upcoming year. Waller emphasized the importance of gradually and cautiously reducing the rates once the appropriate time arrives. Based on the CME FedWatch tool, market indicators suggest a 67% probability that the Federal Open Market Committee (FOMC) will initiate rate cuts in March. However, following Waller's remarks, traders adjusted their expectations from seven cuts in 2024 to six.
⭐️Personal comments NOVA:
After last night's decline, Gold prices showed strong selling pressure, trading below the EMA lines, with an unclear trend, continuing a wide sideways range above the $2000 range.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2000 - $2002 SL $1995
TP1: $2010
TP2: $2025
TP3: $2040
🔥SELL GOLD zone: $2039 - $2041 SL $2047
TP1: $2030
TP2: $2022
TP3: $2010
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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:
Federal Reserve (Fed) Governor Christopher Waller stated on Tuesday that the Fed has the ability to decrease the target range for the federal funds rate in the upcoming year. Waller emphasized the importance of gradually and cautiously reducing the rates once the appropriate time arrives. Based on the CME FedWatch tool, market indicators suggest a 67% probability that the Federal Open Market Committee (FOMC) will initiate rate cuts in March. However, following Waller's remarks, traders adjusted their expectations from seven cuts in 2024 to six.
⭐️Personal comments NOVA:
After last night's decline, Gold prices showed strong selling pressure, trading below the EMA lines, with an unclear trend, continuing a wide sideways range above the $2000 range.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2000 - $2002 SL $1995
TP1: $2010
TP2: $2025
TP3: $2040
🔥SELL GOLD zone: $2039 - $2041 SL $2047
TP1: $2030
TP2: $2022
TP3: $2010
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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
Nota
Gold prices are still decreasing slightly during the Asian session. Selling force prevails temporarilyNota
The price is sideways around the 2020 area, waiting for USD news to be announced todayNota
Price range with buying and selling disputes, 2020-2025. Wait for the US session change and US economic data newsNota
US economic data: the figures are higher than expected, good for the dollar and bad for Gold. Gold price continues to fall below the 2010 levelNota
Gold price continues to decrease, approaching the BUY 2000-2002 planNota
+ 75 pips , for signal BUY 2000-2002Nota
+ 85 pips, buy 2000-2002
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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