Adjusted to decrease in early 2024 !! XAU

✍️ NOVA hello everyone, Let's comment on gold price next week from 1/2 - 1/5/2024

🔥 World situation:
A very successful end to 2023 for Gold. In the first week of 2024, there will be some important news that directly affects the price of Gold such as: PMI, ADP Non-Farm, Unemployment Claims, Average Hourly Earnings m/m,...

The price model is creating a slight downward correction

🔥 Identify:
Wait for a downward adjustment to balance the market and continue the long-term UP trend

🔥 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. The support zones identified according to FIBONACCY are defined as:

Resistance: $2090
Support : $2052, $2031


🔥 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