Downward adjustment rhythm before FOMC ! XAU down
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⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) slipped during the Asian session on Tuesday, halting a three-day rally to record highs. Repositioning ahead of the Federal Open Market Committee (FOMC) meeting helped the US Dollar recover from its yearly low, pressuring gold. However, expectations of a more aggressive rate cut by the Federal Reserve may continue to support gold.
Concerns over China's economic slowdown, US political uncertainty, and ongoing geopolitical risks in the Middle East may limit further losses for the safe-haven asset. Traders are likely to stay cautious ahead of key central bank meetings this week, including the Fed's decision on Wednesday, followed by the Bank of England and Bank of Japan later in the week.
⭐️Personal comments NOVA:
Gold price decreased - adjusted before news of FOMC interest rate cut tomorrow. The Uptrend creating ATH is still highly likely to come
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2549 - $2547 SL $2542
TP1: $2555
TP2: $2570
TP3: $2580
🔥BUY GOLD zone: $2530 - $2528 SL $2523
TP1: $2540
TP2: $2550
TP3: $2560
🔥SELL GOLD zone: $2602 - $2604 SL $2610
TP1: $2590
TP2: $2580
TP3: $2570
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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
Giao dịch đang hoạt động
Gold price continued to sideways around the 2570 - 2590 range during the Asian session on Tuesday morningGiao dịch đang hoạt động
The psychology of waiting for FOMC tomorrow - sideway waiting. The most important news in September 2024Giao dịch đang hoạt động
Gold price adjusted slightly down around 2570 waiting for today's newsGiao dịch đang hoạt động
Conflicting data - Gold price drops correction below 2570. Ahead of tomorrow's FOMCGiao dịch đang hoạt động
Price started to decrease - corrected as expected below the 2570 area
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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