Recovery for Gold - military tensions ! Increase
✍️ NOVA hello everyone, Let's comment on gold price next week from 5/13 - 5/17/2024
🔥 World situation:
Gold prices increased significantly on Friday, rising over 1% even as US Treasury bond yields stayed high. This followed a University of Michigan survey indicating a drop in Consumer Sentiment to a six-month low, reflecting increasing economic pessimism among Americans. The XAU/USD stands at $2,369, rebounding from daily lows of $2,343. Given recent weak labor market data, there's a somber outlook for the US economy. Despite limited concerns about a severe economic slowdown, the quest for safety has boosted both gold and the US Dollar.
🔥 Identify:
Gold price broke through the $2330 zone, starting a recovery. In addition to military tensions in the world, gold prices have increased
🔥 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: $2400, $2430
Support : $2330, $2303
🔥 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 increased significantly on Friday, rising over 1% even as US Treasury bond yields stayed high. This followed a University of Michigan survey indicating a drop in Consumer Sentiment to a six-month low, reflecting increasing economic pessimism among Americans. The XAU/USD stands at $2,369, rebounding from daily lows of $2,343. Given recent weak labor market data, there's a somber outlook for the US economy. Despite limited concerns about a severe economic slowdown, the quest for safety has boosted both gold and the US Dollar.
🔥 Identify:
Gold price broke through the $2330 zone, starting a recovery. In addition to military tensions in the world, gold prices have increased
🔥 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: $2400, $2430
Support : $2330, $2303
🔥 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
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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