Uptrend in price at the end of 2023
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✍️ NOVA hello everyone, Let's comment on gold price next week from 20/11 - 24/11/2023
🔥 World situation:
The XAU/USD experienced a small increase during Friday's trading session and is currently valued at $1,980, having reached a peak of $1,995. The price hike was halted by the Federal Reserve (Fed) officials' hawkish statements following the release of robust US housing data, which resulted in a slight rise in US Treasuries.
Based on the monthly data published by the US Census Bureau on Friday, Housing Starts in October rose by 1.9% compared to a revised 3.1% increase in September. Similarly, Building Permits increased by 1.1% during the same period after a previous decline of 4.5%.
🔥 Identify:
Normally, at the end of the year, Gold prices are quite volatile and tend to go up. Currently, the price is in an upward trendline along with US economic data that is not good for the economy
🔥 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: $2000, $2012, $2020
Support : $1970, $1983
🔥 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:
The XAU/USD experienced a small increase during Friday's trading session and is currently valued at $1,980, having reached a peak of $1,995. The price hike was halted by the Federal Reserve (Fed) officials' hawkish statements following the release of robust US housing data, which resulted in a slight rise in US Treasuries.
Based on the monthly data published by the US Census Bureau on Friday, Housing Starts in October rose by 1.9% compared to a revised 3.1% increase in September. Similarly, Building Permits increased by 1.1% during the same period after a previous decline of 4.5%.
🔥 Identify:
Normally, at the end of the year, Gold prices are quite volatile and tend to go up. Currently, the price is in an upward trendline along with US economic data that is not good for the economy
🔥 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: $2000, $2012, $2020
Support : $1970, $1983
🔥 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
Everyone be careful to GAP at the beginning of the week. Wait for the price to start a new week then enter an order
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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