🔥One thing worth noting: ✅7 resistance tests: 2528-2531 ✅3 times support testing: 2472-2470
Another very important price zone at the end of 2024. Decide the future trend for Gold
🔥With 7 resistance tests: shows that buyers have the majority - overwhelming. However, it cannot be overcome. NOVA thinks the main reason is because large funds - coordination of countries want to adjust prices to reach ATH at the appropriate time (for example: September interest rate reduction, November US presidential election).
🔥Technical H4 frame: supports a very nice Uptrend
🦋🦋Technical - economic / political combination. To decide the appropriate trend and time
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NEW ATH: 2560 - 2590 - 2650
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⭐️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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Gold price increased slightly, approaching the 2520 price range before today's PPI news
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Gold price increases - huge FOMO ahead of FOMC next week. Positive gold price
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Completing the first ATH 2560, the increase is very strong
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Almost ATH XAU reached TP 2: 2590 . Anxiously waiting for Fomc next week to see if it can reach 2650 or not