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Waiting for FOMC and the next trend of GoldGold news: 🔆Concerns over renewed tariffs, coupled with the absence of positive outcomes from the US-Russia peace talks excluding Ukraine on Tuesday, have weakened investor confidence, boosting demand for safe-haven assets like gold. 🔆Market participants remain apprehensive about a potential escalation in global trade tensions due to Trump's protectionist policies. Additionally, expectations of further monetary easing by the Federal Reserve continue to support the precious metal. 🔆The disappointing US Retail Sales data released on Friday, along with mixed inflation signals, indicate that the Fed might consider cutting interest rates in its September or October meeting. 🔆Consequently, investors will closely monitor the Fed's January meeting minutes for insights into the central bank’s rate trajectory and its impact on the non-y Personal opinion: 🔆Gold will have a decline above 2900, then continue to maintain the upward momentum due to fundamental and technical factors. There will be a new ATH this week Analysis: 🔆Based on fundamental analysis - geopolitics combined with SMA and important resistance - support zones to come up with a suitable strategy Plan: 🔆 Price Zone Setup: Sell Gold 2974 - 2976 ❌SL: 2981 | ✅TP: 2970 - 2963 – 2955 👉Buy Gold 2903-2905 ❌SL: 2898 | ✅TP: 2910 - 2915– 2925 FM wishes you a successful trading day 💰💰💰
OANDA:XAUUSDLong
by FM-ForexMastermind
1
Bullish zone - continue towards old ATH - scalping⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) surges again, nearing $2,920 on Thursday, as traders dismiss the impact of January's US inflation data. They also seem unfazed by reports of an upcoming meeting between US President Donald Trump and Russian President Vladimir Putin to discuss a potential peace deal. Despite these factors, gold continues its strong rally, highlighting traders' confidence in the safe-haven asset. ⭐️ Personal comments NOVA: Gold is currently accumulating in the European session at 2910-2920, waiting for the next uptrend. Waiting for BUY entry at 2908. ⭐️ SET UP GOLD PRICE: 🔥 BUY GOLD zone: $2908 - $2906 SL $2903 TP1: $2912 TP2: $2916 TP3: $2922 ⭐️ 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
OANDA:XAUUSDLong
by Nova-Scalper
3
Short term bearish H1 - bears will continue to push price up⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The US Dollar climbs to its highest level in over a week as expectations grow that Trump's protectionist policies could drive inflation higher, pushing the Federal Reserve to maintain its hawkish stance and keep interest rates unchanged. A stronger USD, coupled with overbought conditions on the daily chart, leads to some profit-taking on XAU/USD as traders adjust positions ahead of Fed Chair Jerome Powell's congressional testimony. ⭐️ Personal comments NOVA: In the context of current world trade tensions, gold continues its upward trend, possibly above $3000 in February 2025. ⭐️ SET UP GOLD PRICE: 🔥 SELL GOLD zone: $2929 - $2931 SL $2934 TP1: $2925 TP2: $2920 TP3: $2915 ⭐️ 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
OANDA:XAUUSDLong
by Nova-Scalper
3
Tariffs - ATH - featured keyword with XAU⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: On Monday, US President Donald Trump signed two proclamations reinstating 25% tariffs on metals and removing all previous exemptions on steel and aluminum tariffs from his 2016-2020 term. Additionally, Trump informed reporters that he plans to announce reciprocal tariffs on other countries within the next two days. This news boosted demand for safe-haven assets, pushing gold prices to a new record high during the Asian session on Tuesday. ⭐️ Personal comments NOVA: Asian session witnessed strong growth, gold price reached new ATH 2942, then showed signs of profit taking, still an uptrend today ⭐️ SET UP GOLD PRICE: 🔥 SELL GOLD zone: $2957 - $2959 SL $2964 TP1: $2950 TP2: $2940 TP3: $2930 🔥 BUY GOLD zone: $2898 - $2900 SL $2895 Scalping TP1: $2905 TP2: $2910 TP3: $2915 🔥 BUY GOLD zone: $2888 - $2886 SL $2881 TP1: $2895 TP2: $2902 TP3: $2910 ⭐️ 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
OANDA:XAUUSDLong
by Nova-Scalper
3
All eyes on Fed Chair Powell to testify before Congress todayGold News: 🔆All eyes are on the US CPI report and Fed Chair Jerome Powell’s speech to Congress this week 🔆Last week’s jobs report showed continued signs of recovery in the labor market. A surprisingly lower unemployment rate, higher wages and an upward revision to December employment suggest the US labor market is closing out 2024 on solid footing. 🔆Recent data suggest the labor market has regained momentum. This suggests that risks have eased, so the Federal Open Market Committee (FOMC) will likely wait to see how first-quarter inflation data and economic policy play out before making further moves on the federal funds rate 🔆The CPI report due on February 12 is also important news as it is the Fed's preferred measure of inflation to adjust interest rates accordingly Personal opinion: 🔆Fed Chairman Powell will likely act in a hawkish manner and not rush to cut interest rates while waiting to see if President Trump's tariff policies cause inflation to spike. 🔆However, the priority should be to assess the potential risks of tariffs on inflation and then monetary policy. Technical analysis: 🔆Based on Fibonacci combined with Resistance - Support Zones and Trend Lines Plan: 🔆Price Zone Setup: 👉Buy Gold 2888 -2886 ❌SL: 2881 | ✅TP: 2892 - 2900 – 2910 👉Sell Gold 2955 -2957 ❌SL: 2964 | ✅TP: 2950 - 2945 – 2935 Thank you for reading my comment: "FM"
OANDA:XAUUSDLong
by FM-ForexMastermind
1
Trade war tensions, will gold prices rise to 2900?Gold News: 🔆On Sunday, Trump announced plans to impose a 25% tariff on all steel and aluminum imports into the United States today. This led to concerns that a new trade war would escalate in the near future. Gold prices rose slightly in Asian trading. 🔆The US 10-year bond yield also fell slightly in early trading, but the DXY Dollar Index rose 0.34% on the day to trade at 108.44. Review: 🔆Gold prices are expected to retest the ATH level of last Friday. Trump's tariff policy and the response of related countries remain the main factors affecting the upward trend of gold. If tensions continue to escalate, gold prices will continue to maintain the upward trend. Analysis : 🔆Based on the continued escalation of trade tensions between the United States and related countries 🔆RSI (1H) is rising and above the moving average, indicating an uptrend The uptrend line is combined with the Resistance - Support zone. Plan: 🔆Price Zone Setup: 👉Buy Gold 2868 -2870 (European session) ❌SL: 2864 | ✅TP: 2875 - 2882 – 2890 👉Sell Gold 2884 -2886 (European session) ❌SL: 2891 | ✅TP: 2878 - 2870 – 2860 Thank you for reading my comment: "FM"
OANDA:XAUUSDLong
by FM-ForexMastermind
World trade tensions, gold price opportunity above 2900✍️ NOVA hello everyone, Let's comment on gold price next week from 02/10/2025 - 02/14/2025 🔥 World situation: Gold extended its rally on Friday as US-China trade tensions escalated and US employment data delivered mixed signals. XAU/USD climbed 0.24%, trading at $2,862. President Donald Trump’s plans to impose reciprocal tariffs on multiple countries next week provided a boost for bullion, reinforcing its safe-haven appeal. Rising geopolitical uncertainty over the weekend could further drive demand for gold. Meanwhile, US data showed January’s Nonfarm Payrolls fell short of expectations, but the Unemployment Rate declined from both estimates and December’s reading. This resilience in the labor market could deter the Federal Reserve from easing policy in the near term. 🔥 Identify: The long-term framework continues for the upcoming uptrend, in the context of the risk of trade war is still very tense, gold becomes a safe investment channel, the opportunity to reach ATH 3000 this year 🔥 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: $2886, $2900, $2944 Support : $2833, $2810 🔥 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
Gold Shows Short Term Reversal Pattern, Buy or Sell?🔔🔔🔔 Gold News: 🔆The tariff war between the US and its countries is easing with no signs of further escalation. 🔆With trade tensions temporarily easing, attention turns to Friday’s key US Non-Farm Payrolls (NFP) data, which could signal the Fed’s next policy move. The NFP data could emerge as the key market driver for Gold prices 🔆Meanwhile, the US Jobless Claims report will be watched along with Fedspeak for some trading impetus for Gold prices. 🔆In addition, Trump’s plan to end the Israel-Hamas geopolitical conflict also provided a glimmer of hope to the market, reducing the USD’s appeal as a safe haven. Israeli Prime Minister Benjamin Netanyahu and Trump met on Tuesday at the White House and discussed key issues in the Middle East. Technical Analysis: 🔆RSI (1H) has now moved out of the overbought level and is showing signs of falling. 🔆Head and shoulders pattern is likely to emerge Commentary: 🔆Gold prices are bearish in the short term and will wait for the news on Unemployment Claims along with the US Fedspeak for more momentum. Continuing to monitor the USD/JPY developments, the Japanese Yen has hit a nearly two-month high against the US Dollar, dragging USD/JPY down sharply. This is a significant resistance level for the Greenback. Plan: 🔆Price Zone Setup: 👉Buy Gold 2840 -2843 (European session) ❌SL: 2835 | ✅TP: 2849 - 2855 – 2862 👉 Buy Gold 2818 – 2820 ❌SL: 2813 | ✅TP: 2825 – 2832 – 2840 👉Sell Gold 2888 -2890 ❌SL: 2895 | ✅TP: 2884 - 2878 – 2870 Thank you for reading my comment: "FM"
OANDA:XAUUSDLong
by FM-ForexMastermind
3
SIDEWAY and go up to make ATH 2800⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: In January, the US ADP National Employment Change showed private sector job growth accelerating from 176K to 183K, surpassing expectations of 150K. Meanwhile, the ISM Services PMI came in at 52.9, slightly above the 52.8 forecast but down from December’s 54.0. Similarly, the S&P Global Services PMI fell from 56.8 to 52.9, still exceeding projections of 52.8. Money markets are now pricing in 52 basis points (bps) of Fed rate cuts in 2025. ⭐️ Personal comments NOVA: Gold price is sideways around 2855 - 2882, accumulating and will continue to go up: resistance price zone to pay attention to: 2900 ⭐️ SET UP GOLD PRICE: 🔥 SELL GOLD zone: $2898 - $2900 SL $2905 TP1: $2890 TP2: $2860 TP3: $2850 🔥 BUY GOLD zone: $2832 - $2834 SL $2827 TP1: $2840 TP2: $2850 TP3: $2860 ⭐️ 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
OANDA:XAUUSDLong
by Nova-Scalper
3
ADP - NF ! News to help gold price reach next new ATH⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices surge, supported by declining US yields. Real yields, measured by the 10-year Treasury Inflation-Protected Securities (TIPS), drop nearly six basis points from 2.13% to 2.072%, while the US 10-year Treasury bond yield slips four bps to 4.51%. Meanwhile, the latest JOLTS report reveals a slowdown in job openings, signaling labor market strength. Openings fell to 7.6 million in December, down from November’s 8.156 million and below the expected 8 million. ⭐️ Personal comments NOVA: Gold is setting consecutive ATHs, FOMO has not stopped yet, waiting for new ATH with today's ADP-NF results ⭐️ SET UP GOLD PRICE: 🔥 SELL GOLD zone: $2858 - $2860 SL $2863 scalping TP1: $2855 TP2: $2850 TP3: $2845 🔥 SELL GOLD zone: $2879 - $2881 SL $2886 TP1: $2870 TP2: $2860 TP3: $2850 🔥 BUY GOLD zone: $2807 - $2809 SL $2802 TP1: $2815 TP2: $2822 TP3: $2830 ⭐️ 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
OANDA:XAUUSDLong
by Nova-Scalper
1
ATH 2880 XAU, can it be reached today?⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Trump extended a 30-day delay on the 25% tariffs for Canada and Mexico, sparking optimism that a global trade war may be avoided. However, this does little to weaken the bullish outlook for the safe-haven metal. Meanwhile, Wednesday’s US economic calendar includes the ADP private-sector employment report and ISM Services PMI, which could impact the USD and create short-term trading opportunities for gold. ⭐️ Personal comments NOVA: Gold price continues to maintain the uptrend, waiting for new ATH 2880 or 2900 this week, waiting for ADP-NF and NF results this week ⭐️ SET UP GOLD PRICE: 🔥 SELL GOLD zone: $2900 - $2902 SL $2905 SCALPING TP1: $2895 TP2: $2890 TP3: $2885 ⭐️ 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
OANDA:XAUUSDLong
by Nova-Scalper
2
Will gold continue to hit new ATH?Gold News: 🔆Gold prices hit a fresh record high above $2,860 on Wednesday morning as concerns over the economic fallout from Trump’s trade tariffs and China’s retaliation continued to boost demand for traditional safe-haven assets. 🔆Gold prices took advantage of a weaker US dollar as trade tensions escalated 🔆The escalation of the US-China trade war weighed on the greenback, with the US Dollar Index (DXY) falling below 108.00. 🔆The benchmark 10-year US Treasury yield remained at bear market levels at 4.51%. 🔆Gold’s uptrend remains intact as price momentum picked up, as depicted by the Relative Strength Index (RSI). RSI (2-hour time frame) gives an overbought signal, but due to the strength of the trend, the most extreme level has increased from 70 to 80 and there is no sign of a reversal Comment: 🔆Overall, the upward trend of gold prices is supported by fundamental factors such as trade tensions and safe-haven demand. In addition, investors should refer to today's US economic data such as ADP Non-Farm Employment Change and ISM Services PMI to make reasonable trading decisions. 🔆Analysis based on Trend Line combined with Fibonacci and Resistance - Support Zone. 🔆Support level: $2,843 $2,820 $2,800 🔆Resistance level: $2,888 $2,900 Plan: 🔆Price Zone Setup: 👉Buy Gold 2840 -2843 (European session) ❌SL: 2835 | ✅TP: 2849 - 2855 – 2862 👉 Sell Gold 2843 – 2845 ❌SL: 2850 | ✅TP: 2839 – 2833 – 2825 👉 Buy Gold 2818 – 2820 ❌SL: 2813 | ✅TP: 2825 – 2832 – 2840 Thank you for reading my comment: "FM"
OANDA:XAUUSDLong
by FM-ForexMastermind
2
Will Xauusd hit a new ATH today?News: 🔆Trump has postponed the 25% tariffs on Canada and Mexico for another 30 days, raising optimism that a full-blown trade war can be avoided. However, the continued heavy tariffs on China and China's retaliatory moves raise the bullish outlook for the safe-haven metal. 🔆On the other hand, the US economic calendar on Wednesday includes ADP Non-Farm Employment Change and ISM Services PMI, which could be a breakout to make a higher ATH or a recovery to accelerate the main trend Personal opinion: 🔆RSI 1H from the extreme overbought zone above 80 is showing a slight recovery and showing signs of retracement to test the trend line 🔆Gold price remains in an uptrend, new ATH expected at 2890 or 2900, waiting for ADP Non-Farm Employment Change and ISM Services PMI Plan: 🔆Price Zone Setup: 👉Sell Gold 2899 -2900 ❌SL: 2905 | ✅TP: 2895 - 2890 – 2885 Thank you for reading my comment: "FM"
OANDA:XAUUSDLong
by FM-ForexMastermind
1
Will Xauusd reach a new all-time high today?Trump has postponed the 25% tariffs on Canada and Mexico for another 30 days, bolstering hopes that a full-fledged trade war will be avoided. However, the continuation of high tariffs on China, as well as China's retaliatory steps, point to a bullish prognosis for the safe-haven commodity. In contrast, the US economic calendar on Wednesday includes ADP Non-Farm Employment Change and ISM Services PMI, which might be a breakout to make a higher ATH or a recovery to accelerate the main trend. Personal opinion The RSI 1H from the severe overbought zone above 80 shows a little rebound and signals of retracement to challenge the trend line. Gold price stays in an uptrend, with a new ATH forecast at 2890 or 2900, depending on ADP Non-Farm Employment Change and ISM Services PMI. Plan By Nexus Trades Zone Price Nexus Trades Zone Sell Gold 2899-2900 SL: 2905: TP: 2895-2890–2885
OANDA:XAUUSDLong
by NexusTradesZone
Trade War, Will Gold Hit New ATH?News: 🔆 Trump postpones tariffs on Mexico and Canada, but not on China. The US 10-year bond yield continued to rise in the short term, reaching 4.57%. This caused the US dollar to recover in the short term, leading to a slight correction in gold prices during the Asian trading session. 🔆 However, China immediately imposed tariffs on US imports in response to the new US tariffs on Chinese goods, triggering a trade war between the world's two leading economies. Commentary: 🔆 Gold prices are having a slight correction after reaching a new ATH. However, the latest developments in the trade war between countries are causing investors to consider gold as the top safe haven. Gold is expected to decline and then continue to rise in line with the main trend. Technical Analysis: 🔆 Based on trend lines combined with Fibonacci and Support - Resistance levels Plan: 🔆Price Zone Setup: 👉Sell Gold 2829 -2830 (European session) ❌SL: 2835 | ✅TP: 2825 - 2820 – 2815 👉 Sell Gold 2843 – 2845 ❌SL: 2850 | ✅TP: 2839 – 2833 – 2825 👉 Buy Gold 2770 – 2772 ❌SL: 2765 | ✅TP: 2777 – 2783 – 2790 Thank you for reading my comment: "FM"
OANDA:XAUUSDLong
by FM-ForexMastermind
1
price trend up - waiting for ATH 2843⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The US 10-year Treasury yield declines by 1.5 basis points to 4.537%, while real yields, measured by 10-year TIPS, remain steady at 2.095%. Meanwhile, the ISM Manufacturing PMI for January climbs to 50.9, exceeding expectations of 49.8 and improving from December’s 49.2, signaling stronger business activity. A deeper look into the data reveals rising input costs, with the prices paid sub-index increasing from 52.5 to 54.9. Additionally, the employment index jumps from 45.4 in December to 50.3, indicating improved labor conditions in the sector. ⭐️ Personal comments NOVA: Gold price is maintaining above $2800, long-term uptrend, fomo from the market creating ATH has not stopped ⭐️ SET UP GOLD PRICE: 🔥 SELL GOLD zone: $2843 - $2845 SL $2850 TP1: $2838 TP2: $2830 TP3: $2820 🔥 SELL GOLD zone: $2829 - $2831 SL $2834 scalping TP1: $2824 TP2: $2818 TP3: $2810 🔥 BUY GOLD zone: $2772 - $2770 SL $2765 TP1: $2780 TP2: $2790 TP3: $2800 ⭐️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
OANDA:XAUUSDLong
by Nova-Scalper
2
Accumulating uptrend above 2800 zone ! XAU / USD✍️ NOVA hello everyone, Let's comment on gold price next week from 02/03/2025 - 02/07/2025 🔥 World situation: Gold prices hover near record highs above $2,800 on Friday as risk aversion grows following the White House’s clarification on US tariff plans. Contrary to earlier Reuters reports, Press Secretary Karoline Leavitt confirmed that 25% tariffs on Canada and Mexico will take effect on February 1, not March 1, and announced a 10% duty on Chinese imports. At the time of writing, XAU/USD trades at $2,797, up 0.15%. 🔥 Identify: Gold price creates new ATH this week: 2817, market has great potential. In the context of the Trump administration applying tax on Canada and Mexico, the dollar is certainly affected to decrease, under pressure from the tax again, opportunity for gold price to continue to grow. 🔥 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: $2817, $2833, $2850 Support : $2788, $2762, $2718 🔥 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
Why did gold prices surge and hit a new ATH over the weekend ?Gold News: 🔆 New US Tax Policy : The Trump administration announced plans to impose a 25% tariff on imports from Mexico and Canada. This increased concerns about trade tensions, causing investors to seek gold as a safe-haven asset. 🔆 Weak US economic data : US GDP in the fourth quarter of 2024 increased by only 2.3%, lower than the forecast of 2.6%, raising expectations that the US Federal Reserve (Fed) may have to cut interest rates in the coming months. This weakened the USD, supporting gold prices. 🔆 US bond yields fell : The yield on the 10-year US Treasury bond maintained its downward trend to 4.54%, making gold more attractive than fixed-income assets. 🔆 Global Risk Aversion : In addition to the uncertainties from the US, the market also reacted to the geopolitical situation in the Middle East and Europe, with news of escalating tensions between Iran and Israel. 🔆All these factors pushed the price of gold to a record high, reaching a new peak of $2,817/ounce Technical analysis and commentary: 🔆The current gold price is still maintaining an upward trend, however, the RSI shows that gold is correcting down, which could create a stronger upward momentum. Economic data is leaning towards buyers and there is no clear sign that sellers will join in. The analysis is based on support and resistance levels combined with Fibonacci to come up with a reasonable plan. Resistance: $2,817, $2,838, $2,850 Support: $2,788, $2,765, $2,734 Thank you for reading my comment: "FM"
OANDA:XAUUSDLong
by FM-ForexMastermind
1
Gold Trends in European and US Trading SessionsNews: 🔆XAU/USD hit a record high of $2,817.23 an ounce on January 31 after US President Donald Trump imposed 25% tariffs on imports from Canada and Mexico, along with a 10% tariff on goods from China, raising concerns about a global trade war. 🔆Gold prices are forecast to reach $3,000 an ounce by the end of 2025, based on expectations of interest rate cuts and increasing global uncertainty. 🔆However, gold prices fell nearly 1% on Monday. The decline was largely due to President Trump's tariff policies, which have strengthened the US dollar in the short term. Technical analysis: Support: The $2,770 area (European trading session) is considered a key support level. If gold holds above this level, the uptrend could continue. Resistance: The record high of $2,817.23/ounce is now a major resistance level. Breaking through this level could open up new bullish momentum for gold. Conclusion: 🔆Gold prices are still in a strong uptrend. However, gold prices are in a correction phase due to the strengthening of the US dollar. However, the demand for gold as a safe-haven asset could limit the decline. Monitoring economic and political developments, especially trade policies and fluctuations in the US dollar, will be important to predict the gold price trend in the coming time. Analysis based on resistance - support zones combined with Fibonacci Plan: 🔆Setting a price range: 👉 Buy gold 2768 - 2770 (EUROPEAN TRADING SESSION) ❌SL: 2761 | ✅TP: 2773 – 2780 – 2790 👉 Sell gold 2817 -2820 ❌SL: 2824 | ✅TP: 2812 - 2806 – 2800 👉 Buy gold 2748 – 2750 ❌SL: 2744 | ✅TP: 2755 – 2762 – 2770 Thank you for reading my comment: "FM"
OANDA:XAUUSDLong
by FM-ForexMastermind
1
Is Gold Price Heading for an All-Time High?🔆News: • Gold prices remained elevated heading into the European session on Friday, hitting a fresh multi-month high near $2,778 in the final hour. Comments from US President Donald Trump, declaring that he did not want to impose tariffs on China, eased concerns about a trade war and inflation. This pushed US Treasury yields further lower, as Trump called for lower interest rates, pushing the US dollar to a one-month low and boosting demand for the non-yielding precious metal. • Trump said his discussions with Chinese President Xi Jinping were friendly and expressed optimism about securing a trade deal without resorting to tariffs. This eased concerns that his protectionist measures could fuel inflation, while also reinforcing expectations of further monetary easing by the Federal Reserve, which supported gold prices. • Market participants are now waiting for the fast-moving PMI data to get a clearer picture of the health of the global economy. Any deterioration in risk sentiment could boost XAU/USD. 🔆 Opinion: • The 1H Relative Strength Index (RSI) is approaching overbought levels, suggesting a possible minor pullback before the next significant rally towards the crucial 1.618 Fibonacci level at $2,790, which is a strong resistance zone. • On the downside, the nearest support lies between $2,760 and $2,758. A break below this range could push gold prices down to retest recent lows, with the final buy zone located between $2,720 and $2,723. 🔆 Plan: Price Zone Setup: 👉 Buy Gold 2720 – 2723 ❌SL: 2715 | ✅TP: 2730 – 2737 – 2745 👉SELL Gold 2788 -2790 ❌SL: 2794 | ✅TP: 2784 - 2780 - 2775 Thank you for reading my comment: "FM"
OANDA:XAUUSDLong
by FM-ForexMastermind
1
Xau/Usd Comments for Today's US Trading SessionFactors Affecting Gold Price Today 1. Waiting for US Advance GDP q/q và Unemployment Claims One of the important events that the market is watching today is Advance GDP q/q và Unemployment Claims. If the numbers are lower than expected, this could put pressure on gold. 2. Fed Monetary Policy The Fed kept interest rates unchanged at its most recent meeting and stressed that it is in no rush to cut. Chairman Jerome Powell said that more data is needed to ensure that inflation is actually falling before considering a policy adjustment. Currently, the market is betting on the possibility of the Fed cutting interest rates in May or June, which will support gold prices in the medium term. 3. USD and US bond yield movements The USD index stabilized around 108, while the US 10-year bond yield hovered around 4.5%, maintaining a downward trend after peaking on January 14. If the USD weakens or yields continue to fall, gold prices may continue to rise. 4. Impact from geopolitical tensions and tariffs US President Donald Trump is considering new tariff policies, which may impact risk sentiment in financial markets. If concerns about trade policies increase, safe-haven demand for gold may increase. Conclusion In the short term, gold is still under pressure from monetary policy, but in the long term, expectations of a Fed rate cut may support gold prices to rise. Investors should closely monitor market developments and important economic data to have appropriate trading strategies. Plan: 🔆 Set price range: 👉 Buy gold 2730 – 2733 ❌SL: 2725 | ✅TP: 2738 – 2745 – 2752 👉SELL Gold 2788 -2790 ❌SL: 2796 | ✅TP: 2783 - 2777 - 2770 Thank you for reading my comment: "FM"
OANDA:XAUUSDLong
by FM-ForexMastermind
1
PCE news - gold continues to make new ATH⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices remain steady despite the Fed’s hawkish stance, as the central bank unanimously held rates at 4.25%–4.50% on Wednesday, citing a resilient economy, slow inflation progress, and a recovering job market. Meanwhile, uncertainty lingers over Trump’s tariff plans, with a Saturday deadline for 25% tariffs on Mexico and Canada and hints at broader levies exceeding the 2.5% previously suggested by Treasury Secretary Scott Bessent. The swaps market anticipates 50 bps of Fed rate cuts in 2025. ⭐️Personal comments NOVA: Bullish Market FOMO - Waiting for New ATH 2816 to be Reached Today ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2815 - $2817 SL $2822 TP1: $2808 TP2: $2800 TP3: $2790 🔥BUY GOLD zone: $2764 - $2766 SL $2759 TP1: $2772 TP2: $2780 TP3: $2790 ⭐️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
OANDA:XAUUSDLong
by Nova-Scalper
9