New ATH XAU above 2630 next week

22 ก.ย.

✍️ NOVA hello everyone, Let's comment on gold price next week from 9/23 - 9/27/2024

🔥 World situation:
Gold prices surged past $2,600 to a new record high, fueled by expectations of further rate cuts from the Federal Reserve (Fed) and rising tensions between Israel and Hezbollah. XAU/USD is trading at $2,621, up 1.37%.

Risk aversion is evident as Wall Street's major indices posted slight losses. Fed Governor Christopher Waller supported a 50-basis-point rate cut, expecting low August PCE inflation data.

🔥 Identify:
FOMO to create new ATH for XAU is still very large - continue to expect higher price zones next week, before the market corrects again. New ATH target: 2643-2665

🔥 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: $2638, $2650, 2665
Support : $2584, $2558, 2529


🔥 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

23 ก.ย.

การซื้อขายยังคงดำเนินอยู่

Gold price increased slightly to create a new ATH of 2631 - then adjusted sharply down according to the weekly plan