World trade tensions, gold price opportunity above 2900
✍️ NOVA hello everyone, Let's comment on gold price next week from 02/10/2025 - 02/14/2025
🔥 World situation:
Gold extended its rally on Friday as US-China trade tensions escalated and US employment data delivered mixed signals. XAU/USD climbed 0.24%, trading at $2,862.
President Donald Trump’s plans to impose reciprocal tariffs on multiple countries next week provided a boost for bullion, reinforcing its safe-haven appeal. Rising geopolitical uncertainty over the weekend could further drive demand for gold.
Meanwhile, US data showed January’s Nonfarm Payrolls fell short of expectations, but the Unemployment Rate declined from both estimates and December’s reading. This resilience in the labor market could deter the Federal Reserve from easing policy in the near term.
🔥 Identify:
The long-term framework continues for the upcoming uptrend, in the context of the risk of trade war is still very tense, gold becomes a safe investment channel, the opportunity to reach ATH 3000 this year
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $2886, $2900, $2944
Support : $2833, $2810
🔥 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
🔥 World situation:
Gold extended its rally on Friday as US-China trade tensions escalated and US employment data delivered mixed signals. XAU/USD climbed 0.24%, trading at $2,862.
President Donald Trump’s plans to impose reciprocal tariffs on multiple countries next week provided a boost for bullion, reinforcing its safe-haven appeal. Rising geopolitical uncertainty over the weekend could further drive demand for gold.
Meanwhile, US data showed January’s Nonfarm Payrolls fell short of expectations, but the Unemployment Rate declined from both estimates and December’s reading. This resilience in the labor market could deter the Federal Reserve from easing policy in the near term.
🔥 Identify:
The long-term framework continues for the upcoming uptrend, in the context of the risk of trade war is still very tense, gold becomes a safe investment channel, the opportunity to reach ATH 3000 this year
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $2886, $2900, $2944
Support : $2833, $2810
🔥 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
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
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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