The end of the day witnessed a bearish pattern in Gold prices
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Investor caution is putting pressure on the price of gold (XAU/USD), prior to the release of the United States Consumer Price Index (CPI) data for August. The increase in gasoline prices suggests that inflation may have risen at a faster rate, leading to concerns and potentially increasing demand for the US Dollar. As a result, gold is becoming more vulnerable in this market environment.
The downward trend in price is still according to NOVA's comments at the beginning of the week, selling pressure may be hindered by the 1900 support zone.
SET UP gold price:
BUY GOLD : 1902-1905 SL 1895
TP1: 1908
TP2: 1912
TP3: 1915
Based on the head and shoulders candlestick pattern, along with resistance and support zones to have a safe BUY entry area
Investor caution is putting pressure on the price of gold (XAU/USD), prior to the release of the United States Consumer Price Index (CPI) data for August. The increase in gasoline prices suggests that inflation may have risen at a faster rate, leading to concerns and potentially increasing demand for the US Dollar. As a result, gold is becoming more vulnerable in this market environment.
The downward trend in price is still according to NOVA's comments at the beginning of the week, selling pressure may be hindered by the 1900 support zone.
SET UP gold price:
BUY GOLD : 1902-1905 SL 1895
TP1: 1908
TP2: 1912
TP3: 1915
Based on the head and shoulders candlestick pattern, along with resistance and support zones to have a safe BUY entry area
Commentaire:
+ 80 pips from entry Buy 1906 . Support zone
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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/Novascalperchannel
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/Novascalperchannel
BUY GOLD 1906 - 1904
Stoploss: 1900
Take Profit 1: 1910
Take Profit 2: 1916
SELL GOLD 1918 - 1920
Stoploss: 1924
Take Profit 1: 1912
Take Profit 2: 1906