XAU !! Try to surpass ATH by the end of August 2024

מעודכן
⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Gold prices surged past $2,500 per ounce on Wednesday, driven by rising tensions in the Middle East. Fed Chair Jerome Powell's recent comments at Jackson Hole, hinting at imminent rate cuts, also boosted the metal, as lower rates make gold more appealing by reducing the cost of holding it.

Investors are now looking to Fed officials Christopher Waller and Raphael Bostic, who will speak on Wednesday, for further clues on interest rates. Attention will then turn to the Q2 GDP and PCE data due later this week. Stronger-than-expected results could strengthen the US Dollar and limit gold's gains.

⭐️Personal comments NOVA:
The movement in the price fluctuation range above $2,500 creates very good momentum for Gold with a high possibility of reaching a new ATH.

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2495 - $2493 SL $2488
TP1: $2500
TP2: $2515
TP3: $2530


🔥SELL GOLD zone: $2557 - $2559 SL $2564
TP1: $2550
TP2: $2540
TP3: $2530


⭐️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
עסקה פעילה
Gold price broke the H1 uptrend - returned below the 2510 area in the European wednesday session
עסקה פעילה
Gold price sideways around 2510 - still strong accumulation
עסקה פעילה
+ 25 pips, signal BUY plan day 2493-2495
עסקה פעילה
+ 50 pips, PLAN DAY BUY 2495-2493
עסקה פעילה
+ 130 pips, signal PLAN DAY BUY 2493-2495
עסקה פעילה
Still not unexpected - Gold price continues to sideways around the 2490-2520 area
עסקה פעילה
+ 215 pips, PLAN DAY BUY 2493-2495 , crazy
עסקה פעילה
+ 250 pips , signal PLAN DAY buy 2493-2495
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