XAU end of August, still expecting new ATH
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✍️ NOVA hello everyone, Let's comment on gold price next week from 8/26 - 8/30/2024
🔥 World situation:
Gold prices rose by over 1% on Friday, reaching $2510, as the US Dollar and Treasury bond yields fell after Federal Reserve Chair Jerome Powell's dovish comments. Powell expressed confidence that inflation is moving towards the 2% target and suggested that rate cuts are on the horizon. The price of XAU/USD rebounded from a daily low of $2484 following Powell's remarks, where he emphasized the need for policy adjustments and highlighted the Fed's focus on maximizing employment.
🔥 Identify:
The correction down to the 2472 zone (BREAK AND RETEST) happened very quickly. Gold price continued to be excited by the market, increasing above the 2500 zone, still optimistic about the price at the end of August 2024.
🔥 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: $2531, $2559, 2592
Support : $2498, $2472, $2450
🔥 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:
Gold prices rose by over 1% on Friday, reaching $2510, as the US Dollar and Treasury bond yields fell after Federal Reserve Chair Jerome Powell's dovish comments. Powell expressed confidence that inflation is moving towards the 2% target and suggested that rate cuts are on the horizon. The price of XAU/USD rebounded from a daily low of $2484 following Powell's remarks, where he emphasized the need for policy adjustments and highlighted the Fed's focus on maximizing employment.
🔥 Identify:
The correction down to the 2472 zone (BREAK AND RETEST) happened very quickly. Gold price continued to be excited by the market, increasing above the 2500 zone, still optimistic about the price at the end of August 2024.
🔥 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: $2531, $2559, 2592
Support : $2498, $2472, $2450
🔥 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
Trade attivo
Gold prices are expected to continue to increase in market prices next week
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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