⭐️GOLDEN INFORMATION: Gold price rises to around $2,450 per ounce in Asia on Friday. Traders are waiting for US labor market data for July. Recent data on manufacturing and employment in the US have raised concerns, boosting demand for safe-haven assets like Gold. US ISM Manufacturing PMI fell to 46.8 in July, lower than expected. Initial Jobless Claims for the week ended July 26 increased to 249K.
⭐️Personal comments NOVA: Sentiment and the market are looking forward to a new ATH point today after the NF news was announced. The expected resistance zone is 2500
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2442 - $2444 SL $2438( scalping / Only applicable for Asian and European sessions ) TP1: $2449 TP2: $2455 TP3: $2462
⭐️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 - The winner is the one who sticks with the market the longest
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Buyers prevail - Gold price is heading to the higher price points of Gold, area 2460
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Gold price sideway around 2460 in European session waiting for especially important NF data
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Gold price cannot yet reach ATH - area 2475-2482, strong selling pressure pushes Gold price down
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The end of Friday was too volatile
10 minutes - 450 pips down
Weekend liquidation always brings surprises
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+ 60 pips, PLAN DAY BUY 2415-2417 , crazy
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+ 135 pips, signal PLAN DAY BUY 2415-2417
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+ 240 pips , wonderfull signal PLAN DAY BUY 2415-2417