Scalping XAU! 11/12 Recovery pace in downward momentum⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) is moving downwards for the second consecutive day on Monday, distancing itself even further from the record high it reached last week. During the first half of the European session, the value of this precious metal remains low, staying below the significant $2,000 mark, due to an increase in US Dollar (USD) buying. The release of the US monthly jobs report on Friday, which exceeded expectations, led investors to reduce their expectations of an early easing of policies by the Federal Reserve (Fed). As a result, there has been a recovery in US Treasury bond yields, which in turn strengthens the dollar and weakens demand for commodities priced in USD.
⭐️ Personal comments NOVA:
Second, there have not been too many price fluctuations. Scalping BUY signal for recovery
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $1996.5 - $1994.5 SL $1991.5 Scalping
TP1: $2000
TP2: $2004
TP3: $2007
⭐️ 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
Buyxauusd
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
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
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
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
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
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
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
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: $2000
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
Gold scenariosWatching gold again today, I will wait until after inflation news until I enter in on a trade. Gold has seem some decline from this month, we might see a further push down if the dollar is strengthening even more today. Im looking for some entrys before news targeting only 20-30 pips, just waiting for closure below or above resistance.
GOLD 11/05: Scalp ahead of tonight's PPI newsTVC:GOLD Gold prices increased their bid to refresh the intraday high near 2,035$ early Thursday, reversing the previous day's retracement from a one-month-old horizontal resistance. Precious metals benefit from broad US Dollar weakness.
The XAU/USD pair maintains a neutral to bullish view in the daily chart. The pair is growing above all of its moving averages, although the 20 Simple Moving Average (SMA) has lost its positive momentum, currently hovering around 2,010$.
The 4-hour chart shows that XAU/USD holds above the bearish 20 SMA, while the longer moving averages are not below it. Technical indicators head south but remain neutral, not enough to confirm another drop. Gold could extend its decline, but buyers are likely to reappear around 2,026$ as the US Dollar's current strength may be temporary.
BUY GOLD 2026 - 2030
Stoploss: 2022
Take profit 1: 2033
Take profit 2: 2037
Take profit 3: 2043
SELL GOLD 2045 ́2048
Stoploss: 2052
Take profit 1: 2040
Take profit 2: 2035
Take profit 3: 2025
BUY GOLDGold is currently in it's fifth and final wave with wave IV ending on march 2021. Fifth wave of gold looks extended hence it's going to take years to reach target. price is currently at wave 2 of (3) of V. wave 3 might begin soon.. probably during or after NFP. stop loss is around 1678. also price is at 50 % of wave 1 of (3) ... 61.8 % is also likely but not much of a big difference... risking 90points for 650points