Or / Dollar Américain
Long
Mis à jour

Chances of gold price hitting new ATH this week?

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
China's National Bureau of Statistics (NBS) reported that both Services and Manufacturing PMIs have moved into contraction, signaling a potential slowdown in the global economy.

In the US, the Chicago Fed National Activity Index for December showed improvement by exiting negative territory, indicating signs of economic recovery.

Looking ahead, this week's US economic calendar includes key data releases such as Durable Goods Orders, the Federal Reserve's monetary policy meeting, Q4 2024 GDP figures, job market updates, and the Fed's preferred inflation measure—the Personal Consumption Expenditures (PCE) Price Index.

⭐️Personal comments NOVA:
Gold adjusted down within the range of 2 H1 trendlines, sideways price range 2730-2750 in Asian and European sessions, waiting for US session news data

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $2705 - $2707 SL $2700
TP1: $2715
TP2: $2723
TP3: $2730


🔥SELL GOLD zone: $2759 - $2761 SL $2766
TP1: $2750
TP2: $2740
TP3: $2730


⭐️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
Transaction en cours
Wait for gold price to touch Plan Day Sell 2759-2761. Recovery

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