Get started

Buygold

New week with expectations of gold price recovery⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The Federal Reserve will disclose its decision on the interest rate on Wednesday, marking its final meeting of the year. Market expectations for the December meeting suggest that there will be no alteration in rates, and there is a belief that the dot plot will decrease. However, following the release of robust employment data, the market has revised its projections for the timing of the initial rate cuts, shifting them from March to May. ⭐️ Personal comments NOVA: The week started with not much impactful news. Expect a recovery today. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $1990 - $1992 SL $1982 TP1: $2000 TP2: $2010 TP3: $2020 🔥SELL GOLD zone: $2020 - $2022 SL $2030 TP1: $2015 TP2: $2010 TP3: $2005 ⭐️ 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
OANDA:XAUUSDLong
by Nova-Scalper
2
Last Non - Farm of the year! Gold increases or decreases ?⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold reached record highs this week, reaching $2,144.48 in an aggressive rally on Monday. However, the XAU/USD has been trading thinly for the rest of the week, erasing the gains made on Monday. Spot Gold has slightly decreased throughout the week, down just over 2% from Monday's opening prices as we approach Friday's trading session. Traders are eagerly awaiting the upcoming US Nonfarm Payrolls (NFP) report, which will mark the end of the trading week. ⭐️ Personal comments NOVA: Stability and balance between buyers and sellers is taking place. Sideway after the Monday surge. Today will witness 3 important news for the US economy, especially NF. The final trend will likely be decided by the end of 2023 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $1990 - $1992 SL $1982 TP1: $2000 TP2: $2010 TP3: $2020 🔥SELL GOLD zone: $2068 - $2070 SL $2078 TP1: $2060 TP2: $2050 TP3: $2040 Pay attention to the resistance zone 2048-2050 ⭐️ 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
OANDA:XAUUSDLong
by Nova-Scalper
2
Sideway, Rebalance the market XAU⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Newly published data on Wednesday indicated that the November ADP private payrolls experienced a modest increase of 103,000, compared to the previous reading of 106,000. This figure fell short of market expectations, which had anticipated a growth of 130,000. The release of the ADP report followed Tuesday's unveiling of the Labor Department's JOLTS job openings number for October. Surprisingly, this figure reached its lowest point since March 2021, plummeting to 8.73 million from a downwardly revised 9.35 million in September. ⭐️ Personal comments NOVA: After the instability at the beginning of the week, the price is showing signs of stabilization by sideways with a shorter price range in the 2015 - 2035 area. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2005 - $2007 SL $1997 TP1: $2015 TP2: $2022 TP3: $2030 🔥SELL GOLD zone: $2049 - $2051 SL $2056 TP1: $2040 TP2: $2030 TP3: $2020 ⭐️ 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
OANDA:XAUUSDLong
by Nova-Scalper
2
New peak of Gold is established !! Amazing⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) continues to strengthen after a notable rally in the past few weeks, reaching a new all-time high around the $2,144-2,145 range during Monday's Asian session. However, it has since retraced some of its gains and is currently trading below the $2,100 level, still showing a 0.70% increase for the day. The rise in US Treasury bond yields has attracted buyers to the US Dollar (USD), leading to profit-taking by gold bulls due to overbought conditions on the daily chart. Nonetheless, the expectation that the Federal Reserve (Fed) will no longer raise interest rates and might begin easing its monetary policy by the first half of 2024 could continue to support gold, which does not yield interest. ⭐️ Personal comments NOVA: Start the trading session with a crazy price increase. Officially reached a new peak Currently, prices are adjusting to stabilize, creating balance in the market ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2070- $2072 SL $2067 scalping TP1: $2077 TP2: $2082 TP3: $2090 🔥BUY GOLD zone: $2053 - $2055 SL $2045 TP1: $2060 TP2: $2070 TP3: $2080 ⭐️ 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
OANDA:XAUUSDLong
by Nova-Scalper
2
DRD Gold Laggard but ready to shoot up - R24.65W Formation is forming on DRD Gold. It's been a slow process, considering how many gold stocks have been outperforming the index itself. But we are seeing signs that it's nearly DRD Gold time to shine... The price is close to the neckline which needs to breakout. We also need to see a confirmed close and strong move above the 200MA. The target remains at R24.65 ABOUT THE COMPANY 1. Company Overview: DRD Gold Limited is a South African gold mining company. DRDGold Limited, also known as Durban Roodepoort Deep Limited, is a mid-tier, unhedged gold producer and a world leader in surface gold tailings retreatment. The company was established in 1895 in South Africa, making it one of the oldest continuously operating mining companies in South Africa. 2. Operations: DRD Gold's primary operations are centered around gold recovery from surface tailings. The primary business of DRDGold is the reclamation and processing of residual gold from old mine dumps. Their largest operation, Ergo Mining Proprietary Limited (Ergo), has a vast footprint on the western and eastern sides of Johannesburg, a region marked by many years of gold mining. This area is known for having some of the most substantial gold deposits in the world. 3. Focus on Tailings: The company is known for its expertise in the retreatment of gold-bearing surface tailings. 4. Location: The company's operations are likely to be situated in the Witwatersrand Basin in South Africa, a region historically rich in gold deposits.
JSE:DRDLong
by Timonrosso
Gold officially has a new peak, increasing strongly✍️ NOVA hello everyone, Let's comment on gold price next week from 4/12 - 8/12/2023 🔥 World situation: Last Friday, after the PMI news and the FED meeting, the information was not good for the dollar, it witnessed a new milestone for Gold. Gold price reaches a new peak in 2075. This is a previously forecast result at the end of 2023. Although information about the war between Ukraine and Israel has gradually decreased, it is still happening. That is also the motivation for Vang to continue to increase strongly 🔥 Identify: Currently, buying power is still very strong. Price is in a nice technical zone to continue increasing December will still witness new record high points for Gold 🔥 Technically: Based on the resistance and support areas of the gold price according to the D1 frame, NOVA identifies the important key areas as follows: New Resistance: $2100, $2150 Support : $2051, $2027, $2005 🔥 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
OANDA:XAUUSDLong
by Nova-Scalper
Start December. PMI impact on Gold price⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: During the Asian session on Friday, there is a noticeable increase in interest in the price of gold (XAU/USD), leading to a partial recovery from the losses experienced the previous day. The current value of this precious metal is approximately $2,040, representing a modest increase of 0.15% for the day. It is worth noting that this places the price within close proximity to its highest level since May 5, which was reached on Wednesday. Recent data from the United States (US) reveals that inflation rates have continued to decrease in October, while the labor market has shown signs of slowing down. These developments support the belief that the Federal Reserve (Fed) will no longer pursue interest rate hikes. This dovish outlook has become a significant contributing factor in the positive performance of gold, which does not offer any yield. ⭐️ Personal comments NOVA: With good forecasts for the dollar, bad for Gold after today's PMI news. Gold is still in the accumulation phase, sideways to have a new breakthrough in December ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2015 - $2017 SL $2007 TP1: $2027 TP2: $2040 TP3: $2052 🔥SELL GOLD zone: $2060 - $2062 SL $2070 TP1: $2050 TP2: $2040 TP3: $2030 ⭐️ 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
OANDA:XAUUSDLong
by Nova-Scalper
3
After today's PCE news, Gold has reached 2060 ?⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold is currently hovering around $2,040 per troy ounce during the Asian session on Thursday. After reaching a six-month high of $2,052 on Wednesday, the value of the yellow metal has retreated. This decrease in gold's price suggests a possible shift in market sentiment or profit-taking following the recent rally. Gold faced challenges due to a modest rebound in the US Dollar (USD). The US Dollar Index (DXY) is struggling to maintain its gains and is currently around 102.80. In the previous session, the USD successfully ended its four-day losing streak, thanks to stronger-than-expected data on US Gross Domestic Product Annualized, released by the US Bureau of Economic Analysis. The third-quarter US GDP Annualized growth rate increased by 5.2%, surpassing the previous reading of 4.9% and exceeding the market consensus of 5.0%. ⭐️ Personal comments NOVA: All technical parameters and economic data support the continued increase in Gold prices. Today continue to wait for the next peak price range ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2015 - $2017 SL $2010 TP1: $2030 TP2: $2045 TP3: $2060 🔥SELL GOLD zone: $2060 - $2062 SL $2070 TP1: $2054 TP2: $2045 TP3: $2040 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. Currently, according to the long time frame H4, H1, the price range is still fluctuating stably above the average line EMA 34, 89, showing that the uptrend is still the dominant trend. Prioritize BUY signals ⭐️ 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
OANDA:XAUUSDLong
by Nova-Scalper
5
Strong growth, continuing the upward trend⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) continues to gain momentum after breaking through the $2,008-2,010 resistance level earlier this week. It has now climbed higher for the fifth consecutive day on Wednesday. This positive movement has also led to the commodity reaching a near seven-month high, around the $2,052 mark, during the Asian session. Looking ahead, the short-term outlook for gold remains optimistic due to the ongoing weakness in the US Dollar (USD), driven by expectations of a dovish Federal Reserve (Fed) stance. ⭐️ Personal comments NOVA: The growth of Gold at the end of the year has been predicted in advance. Optimism and excitement cover the entire market ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2018 - $2020 SL $2010 TP1: $2032 TP2: $2040 TP3: $2050 🔥SELL GOLD zone: $2060 - $2062 SL $2070 TP1: $2055 TP2: $2048 TP3: $2040 ⭐️ Technical analysis: If the Asian session low is breached in a corrective pullback, it is anticipated that there will be substantial support and new buyers around the $2,035-2,034 region. This support should prevent the Gold price from declining significantly, keeping it near the $2,020 level, which is now an important point of reference. Conversely, if buying momentum extends beyond the $2,052 region, or the multi-month high recorded earlier this Wednesday, it could pave the way for a challenge to the all-time high of around the $2,079-2,080 zone achieved in May. ⭐️ 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
OANDA:XAUUSDLong
by Nova-Scalper
1
DRD Gold just gave the golden BUY signal to R25.00DRD Gold has had a troubling year. It's dropped from May 2023 from R25.35 down to R15.00. There've been two strong tests at R15.00 which has helped form a major bullish W Pattern. We just need the price to move up to break above the Neckline. Once that happens, the next target will be back to the highs around R25.00. The short term Moving Averages confirm with 7>21. And now the price needs to jump above the main 200MA. Then it will establish a Bull Market. Gold itself is looking VERY bullish as you would know from my previous analysis with Gold. And so Gold stocks are definitely quite safe to buy rather than sell right now. Investors might feel safe to start accumulating from around these levels. I would prefer to wait for a break above the 200MA.
JSE:DRDLong
by Timonrosso
The bulls have a major advantage⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold: The next milestone to watch out for is the 2023 high, reaching approximately $2070. The price of gold continued to rise towards the end of last week, ultimately closing above the important threshold of $2000 per troy ounce. However, this increase in value was accompanied by a decrease in open interest, indicating the possibility of a correction in the near future. Meanwhile, the next significant resistance level for gold is expected to be the peak of $2067 reached in 2023 on May 4th. ⭐️ Personal comments NOVA: The beginning of the week witnessed great FOMO among bulls. Gold price is approaching the strong resistance zone in 2020. This is the period when Gold price creates a new peak this year. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2001 - $2003 SL $1997 scalping TP1: $2009 TP2: $2014 TP3: $2020 🔥BUY GOLD zone: $1990 - $1992 SL $1982 TP1: $2000 TP2: $2012 TP3: $2020 ⭐️ 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
OANDA:XAUUSDLong
by Nova-Scalper
7
End November, during the Gold price bull cycle✍️ NOVA hello everyone, Let's comment on gold price next week from , Last week of November 🔥 World situation: At the end of the year, published US economic data showed difficulties and challenges. There are not many positive signals yet. Gold prices continue to benefit at the end of the year. In the last week of November, there are important data such as: CB Consumer Confidence, Prelim GDP q/q, Core PCE Price Index m/m, ISM Manufacturing PMI,... otherwise the forecast will continue to support The Golden household goes up 🔥 Identify: Observing the technical chart according to the H4 frame, Gold price is still in a very nice uptrend. This is an opportunity for Gold price to have the highest price point in 2023 🔥 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: $2010, $2022 Support : $1991, $1971 🔥 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
OANDA:XAUUSDLong
by Nova-Scalper
Scalping XAU! sideway accumulates Gold price today⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is facing difficulty in taking advantage of the small gains made yesterday and is fluctuating within a tight trading range, remaining below the significant psychological level of $2,000 during the first half of the European session. Currently, investors are hesitant to make bold bets on the market's direction and are instead waiting for further clarification on the Federal Reserve's plans regarding interest rate hikes. ⭐️ Personal comments NOVA: Sideway accumulation zone, suitable for scalping. The price trend is still following the rhythm of downward adjustment and BUY recovery ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $1988 - $1990 SL $1985 Scalping TP1: $1993 TP2: $1996 TP3: $2000 ⭐️ 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
OANDA:XAUUSDLong
by Nova-Scalper
1
Did gold just to choose to shoot up to $2.169?Gold like many other markets have been in difficult territory to trade well this year. We cannot predict but only probability predict. And with probabilities, things can change so quickly. I am currently long a couple of gold stocks as of last week, and it looks like the direction is right for now. And finally, the gold price is matching the drapes. We are seeing gold stocks head on up along with the precious metal which is bringing somewhat a positive correlation. If we look at the overall pattern, since March it's formed an unattractive Symmetrical Triangle. And now the price has broken above the triangle, choosing a direction - UP This is also coincidental as the world markets have broken down in their Sideways 1 year range. We can expect world markets to continue down, while gold is more likely to rally. Could it be the safe-haven status market we need right now for when things are down? With cryptomaniacs scared to invest based on what's happened over the last two years and with NFTs losing over 90% of their value. It could be the best market to invest in at the moment. Good old trustworthy boomer of an investment. 7>21>200 RSI>50 Target $2,169
COMEX:GC1!Long
by Timonrosso
Gold to retest its lows, reversal potentiallyGold has taken over 7 days to decline back to its lower low. I don't believe that price is prepared to push lower. I will await a re-test of the lows to indicate whether I will go long on gold at the bottom of its consolidation range. As long as price continues to decline with these indecision candles I'm under the impression that it will suddenly become bullish after a reversal candlestick retest at the low of 4H bullish engulfing confirmed.
OANDA:XAUUSDLong
by DesharedPierreJr.
GOLD 23/05: Will buyers counterattack?TVC:GOLD Gold price (XAU/USD) failed to defend the immediate support at 1975$ during the Asian session. The precious metal fell sharply as Federal Reserve (Fed) policymakers were confident the central bank would raise interest rates more in its fight against persistent US inflation. Gold prices are expected to plummet after breaking below the demand zone placed in the 1,955$-1,975$ range on a four-hour scale. The 20-period exponential moving average (EMA) at 1,970$ is acting as an obstacle for Gold bulls. The Relative Strength Index (RSI) (14) has slipped back into the 20.00-40.00 bearish range, which signals that bearish momentum has been activated again. BUY TVC:GOLD zone 1950-1953 Stoploss: 1945 Take Profit 1: 1958 Take Profit 2: 1963 Take Profit 3: 1970 Note : TP, SL full to be safe and win the market !
TVC:GOLDLong
by DNA_TradingFX
10