Gold price corrects around 1935-1925, sell now 1945

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
After receiving positive indications regarding consumer confidence and employment, the economic calendar in the United States presented slightly improved data on Thursday. As a result, gold prices experienced a decline from their monthly peak. The decrease in gold's momentum reveals a lack of trust among buyers, particularly evident in its recent retreat from the 61.8% Fibonacci retracement level of the drop that occurred between July and August, which was valued at around $1,948.

⭐️Personal comments NOVA:
After publication Unemployment Claims good news for dollars, bad news for gold. Gold prices have an adjustment rhythm, NOVA thinks around 1936, 1925

⭐️SET UP GOLD PRICE:

🔥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

⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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

Yorum:

Sideway market waiting for NF news today

Yorum:

+ 190 pips from entry SELL 1953

İşlem aktif:

Next week with not much news, Gold prices continue to be under selling pressure after a slight recovery

Decrease to 1920-1900