Expect Gold to touch $2400 soon !!

8 ביולי

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) dip during early Monday's European session as the People’s Bank of China (PBoC) holds off on gold purchases for the second month in June. This pause could influence gold prices given China's status as the world's largest bullion consumer.

⭐️Personal comments NOVA:
Gold price is maintaining an Uptrend at the beginning of the week - the target is still touching above 2400

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2362 - $2360 SL $2355
TP1: $2370
TP2: $2380
TP3: $2390


🔥SELL GOLD zone: $2396 - $2398 SL $2403
TP1: $2390
TP2: $2380
TP3: $2370

⭐️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

8 ביולי

הערה

Gold price decreased slightly to fill liquidity at entry level 2380

8 ביולי

הערה

Gold price decreased and adjusted back to the $2360-$2370 test zone

8 ביולי

הערה

Gold price sideway around 2370-2380, Before the US session

8 ביולי

הערה

Gold prices did not change much on Monday, stuck in the support price range of 2370

8 ביולי

הערה

US session sideways waiting for PPI and PMI data for the week

8 ביולי

הערה

Actual trading volume of COMEX gold futures contracts COMEX's most active gold futures contract saw 4,169 lots traded per minute, for a total contract value of $985 million.

Reasons why Gold prices suddenly dropped sharply: zone 2359