XAU in correction range as it hits ATH 2600
Updated
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) gained traction during the Asian session on Thursday, breaking a two-day losing streak and halting the pullback from its recent record high. The US Dollar's recovery following the Federal Reserve meeting lost momentum after a brief rise, which supported renewed demand for gold. Additionally, concerns over potential economic slowdowns in both the US and China, along with escalating tensions in the Middle East, boosted the safe-haven appeal of gold.
However, the Federal Reserve signaled a cautious approach to large interest rate cuts, leading to a rise in US Treasury yields, which may limit further gains for gold. Traders are now awaiting key US economic data, including Jobless Claims, the Philly Fed Manufacturing Index, and Existing Home Sales, for additional direction.
⭐️Personal comments NOVA:
Gold price completed the upward cycle reaching the expectation of $2,600 - within the H1 frame's downward cycle, moving within two H1 trend lines.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2531 - $2529 SL $2524
TP1: $2545
TP2: $2560
TP3: $2573
🔥SELL GOLD zone: $2575 - $2573 SL $2578 scalping
TP1: $2568
TP2: $2560
TP3: $2550
🔥SELL GOLD zone: $2583 - $2585 SL $2590
TP1: $2570
TP2: $2560
TP3: $2550
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) gained traction during the Asian session on Thursday, breaking a two-day losing streak and halting the pullback from its recent record high. The US Dollar's recovery following the Federal Reserve meeting lost momentum after a brief rise, which supported renewed demand for gold. Additionally, concerns over potential economic slowdowns in both the US and China, along with escalating tensions in the Middle East, boosted the safe-haven appeal of gold.
However, the Federal Reserve signaled a cautious approach to large interest rate cuts, leading to a rise in US Treasury yields, which may limit further gains for gold. Traders are now awaiting key US economic data, including Jobless Claims, the Philly Fed Manufacturing Index, and Existing Home Sales, for additional direction.
⭐️Personal comments NOVA:
Gold price completed the upward cycle reaching the expectation of $2,600 - within the H1 frame's downward cycle, moving within two H1 trend lines.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2531 - $2529 SL $2524
TP1: $2545
TP2: $2560
TP3: $2573
🔥SELL GOLD zone: $2575 - $2573 SL $2578 scalping
TP1: $2568
TP2: $2560
TP3: $2550
🔥SELL GOLD zone: $2583 - $2585 SL $2590
TP1: $2570
TP2: $2560
TP3: $2550
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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
Trade active
Gold price touched the upper border at 2575-2580 then reacted downwardTrade active
+ 30 pips , signal plan day SELL 2583-2585 Trade active
Gold price suddenly increased and returned to the area above 259x during the European sessionTrade active
Gold price sideways around 2580-2590 before today's US sessionTrade active
Lower-than-expected news results (219K < 230K) are good for the dollar - gold falls. Currently trading around 2585Trade active
Gold is still sideways around the 2570-2600 range after reaching its ATHTrade active
Gold decreased slightly around the 2580 mark in the Asian session on Friday morningTrade active
update signal : 9/20/2024
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2580 - $2578 SL $2573
TP1: $2588
TP2: $2595
TP3: $2603
🔥BUY GOLD zone: $2567 - $2565 SL $2560
TP1: $2573
TP2: $2580
TP3: $2590
🔥SELL GOLD zone: $2613 - $2615 SL $2620
TP1: $2600
TP2: $2585
TP3: $2560
Trade active
Gold price is close to the entry price range SELL PLAN DAY 2613-2615, fomo shows a huge price increaseTrade active
Gold (XAU/USD) surged to a record high near $2,610 on Friday, driven by growing expectations that global central banks will follow the Federal Reserve in cutting interest rates. Lower rates benefit gold by reducing the cost of holding the non-yielding asset, making it more appealing to investors.Trade active
Gold prices showed huge FOMO, creating a very high ATH of 2625Trade active
New ATH for XAU . At the beginning of next week, there will be a slight adjustment to continue the strong FOMO momentum in September 2024Trade active
XAU / USD trend update September 23, 2024
Create ATH and correct downward
Trade active
Gold prices edged higher on Monday, reaching a record high above $2,630, as expectations grew for a Fed rate cut in November. XAU/USD is trading at $2,627, up over 0.20%.
Despite stronger risk appetite in US equities, gold demand remained strong, driven by falling US Treasury yields. The 10-year note yield dropped to 3.741%, with Fed officials signaling caution against aggressive rate cuts, keeping the US Dollar firm but not enough to halt gold's rise.
Dear My Friends,
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/+1mFSljRaI5RlNjg1
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/+1mFSljRaI5RlNjg1
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