FOMC - Special important information next week
Mis à jour
✍️ NOVA hello everyone, Let's comment on gold price next week from 9/16 - 9/20/2024
🔥 World situation:
Gold prices soared to a new all-time high of $2,586, driven by a weakening US Dollar on Friday. Expectations of a larger Fed rate cut are fueling the rally, with some predicting gold could reach $3,000. XAU/USD is currently trading at $2,582, up nearly 1%.
CME FedWatch Tool data shows increased bets on a 50-basis-point rate cut by the Fed, jumping from 27% to 43% after a Wall Street Journal article by Nick Timiraos and comments from former New York Fed President William Dudley. Meanwhile, odds for a 25 bps cut fell to 57%.
🔥 Identify:
Gold price officially created ATH 1 week before FOMC, this is the psychology that FED will almost certainly lower interest rates next week. The higher ATH target next week continues to take place but not too large. Expected new ATH zones: 2602, 2638
🔥 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: $2602, $2638, 2676
Support : $2559, $2531, 2505
🔥 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 prices soared to a new all-time high of $2,586, driven by a weakening US Dollar on Friday. Expectations of a larger Fed rate cut are fueling the rally, with some predicting gold could reach $3,000. XAU/USD is currently trading at $2,582, up nearly 1%.
CME FedWatch Tool data shows increased bets on a 50-basis-point rate cut by the Fed, jumping from 27% to 43% after a Wall Street Journal article by Nick Timiraos and comments from former New York Fed President William Dudley. Meanwhile, odds for a 25 bps cut fell to 57%.
🔥 Identify:
Gold price officially created ATH 1 week before FOMC, this is the psychology that FED will almost certainly lower interest rates next week. The higher ATH target next week continues to take place but not too large. Expected new ATH zones: 2602, 2638
🔥 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: $2602, $2638, 2676
Support : $2559, $2531, 2505
🔥 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
Transaction en cours
Slight downward correction from the market on Monday
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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