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NOVA's comment for gold price:
The Gold Price is experiencing a boost as the US Dollar weakens, with the US Dollar Index (DXY) falling to its lowest level in two months. This decline in the US Dollar, coupled with low US inflation expectations, is driving the XAU/USD Price higher.
According to the Federal Reserve Bank of New York's Survey of Consumer Expectations, US consumers' one-year inflation expectation dropped to its lowest level since April 2021 at 3.8% in June, down from 4.1% in May. This decrease in inflation expectations raises the possibility of a softer US Consumer Price Index (CPI), which is scheduled for Wednesday. As a result, there is doubt surrounding the recent hawkish comments from the Federal Reserve (Fed) and this is pushing up the Gold Price.
NOVA thinks: Gold price has improved compared to the previous 3 weeks, but not enough momentum to break the resistance area $1930-$1933
Personal opinion NOVA: SELL GOLD PRICE $1930-$1932 sl 1945
Nova based on technical indicators EMA 34, EMA89 along with the rising trendline, breaking the trendline will collapse to $1900. The gold resistance zone of 1930 is not strong enough for gold to overcome.
The Gold Price is experiencing a boost as the US Dollar weakens, with the US Dollar Index (DXY) falling to its lowest level in two months. This decline in the US Dollar, coupled with low US inflation expectations, is driving the XAU/USD Price higher.
According to the Federal Reserve Bank of New York's Survey of Consumer Expectations, US consumers' one-year inflation expectation dropped to its lowest level since April 2021 at 3.8% in June, down from 4.1% in May. This decrease in inflation expectations raises the possibility of a softer US Consumer Price Index (CPI), which is scheduled for Wednesday. As a result, there is doubt surrounding the recent hawkish comments from the Federal Reserve (Fed) and this is pushing up the Gold Price.
NOVA thinks: Gold price has improved compared to the previous 3 weeks, but not enough momentum to break the resistance area $1930-$1933
Personal opinion NOVA: SELL GOLD PRICE $1930-$1932 sl 1945
Nova based on technical indicators EMA 34, EMA89 along with the rising trendline, breaking the trendline will collapse to $1900. The gold resistance zone of 1930 is not strong enough for gold to overcome.
Nota
update add entry sell GOLD PRICE: ENTRY 1:
SELL $1933 - $1936 SL 1942
TP1: 1920
TP2: 1910
Nota
+ 60 pips from entry 1936: GOLD
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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