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Longgold

Uptrend at the end of April 2024 !!! XAU ⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The likelihood of the US Federal Reserve keeping interest rates unchanged this year is increasing. Last week, John Williams, the President of the New York Fed, mentioned that he doesn't consider another rate hike as his primary scenario. However, if the data suggests that the Fed needs to raise rates in order to achieve its objectives, then the Fed would naturally want to take action. Austan Goolsbee, the President of the Chicago Fed, stated that progress in inflation has come to a halt and that the Fed's current restrictive policy is appropriate. Raphael Bostic, the President of the Atlanta Fed, emphasized that the Fed will not reduce rates until the end of the year. The shift towards a more hawkish market sentiment could diminish the attractiveness of non-yielding metals and exert downward pressure on the price of gold. ⭐️ Personal comments NOVA: Gold price decreased at the beginning of the second session, showing that the price range is stuck in two Uptrend lines. The upward price momentum is still likely to continue in the near future ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2338 - $2336 SL $2330 TP1: $2350 TP2: $2364 TP3: $2380 BUY GOLD zone: 2371.5 - 2370 SL $2366 TP: 40 - 70 - 100 pips 🔥SELL GOLD zone: $2412 - $2414 SL $2420 TP1: $2400 TP2: $2390 TP3: $2380 ⭐️ 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
Military tensions - Gold prices continue to increase✍️ NOVA hello everyone, Let's comment on gold price next week from 4/22 - 4/26/2024 🔥 World situation: The price of gold surged to a new high above $2,400 as tensions between Israel and Iran in the Middle East escalated. The uncertainty surrounding the conflict led investors to seek the safety of gold, pushing prices up to $2,417 per troy ounce. However, the rally was short-lived as Tehran announced that it had no intention of retaliating. Currently, XAU/USD is trading at $2,394, showing a gain of 0.70%. Gold experienced a volatile swing of $44.00 as traders processed the developments from Friday. Despite recent comments from Federal Reserve officials indicating a more neutral stance on inflation, the decline in US Treasury bond yields and the weakening US dollar are keeping gold prices supported. 🔥 Identify: Gold price maintains a stable increase in the H4 time frame. Along with Middle East military tensions, Gold price continues to have a huge upward momentum. 🔥 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: $2430, $2468, $2487 Support : $2360, $2306 🔥 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
4
Gold is stuck in 2 trend lines ! Uptrend⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold skyrockets to approximately $2,410 per troy ounce during the Asian session on Friday. The precious yellow metal, considered a safe-haven asset, gains traction as market participants grow increasingly risk-averse due to the news from ABC News confirming that Israeli missiles have struck a location in Iran. This development further escalates tensions in the Middle East. As per Reuters, who cites Iran's Fars News Agency, local residents have reported hearing explosions at Isfahan airport, located in the central region. However, the cause of these explosions remains undisclosed. Investigations are currently underway to ascertain the specific details surrounding the incident. ⭐️ Personal comments NOVA: Gold's 2 Uptrend lines continue, Gold price remains stable. In the context of a very close war, GOLD PRICES have more motivation to increase in price ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2362 - $2360 SL $2355 TP1: $2380 TP2: $2400 TP3: $2430 🔥SELL GOLD zone: $2429 - $2431 SL $2436 TP1: $2420 TP2: $2412 TP3: $2400 ⭐️ 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
Gold UP trend line H1, over $2400⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold has rebounded from its previous losses and is currently trading at approximately $2,370 per troy ounce during the Asian session on Thursday. The valuable yellow metal, known as a safe-haven asset, is increasing in value as traders exercise caution due to the heightened geopolitical tensions in the Middle East. As per reports from Reuters, Jordan's Foreign Minister Ayman Safadi expressed in an interview released by state media on Wednesday that if Israel were to retaliate against Iranian attacks, it could potentially escalate the situation and lead to a catastrophic war engulfing the entire region. ⭐️ Personal comments NOVA: Gold price continues in the H1 UP trend line, the area above $2400 becomes expected for investors ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2327 - $2325 SL $2320 TP1: $2340 TP2: $2350 TP3: $2365 🔥SELL GOLD zone: $2384 - $2386 SL $2389 TP1: $2378 TP2: $2372 TP3: $2365 🔥SELL GOLD zone: $2421 - $2423 SL $2428 TP1: $2410 TP2: $2395 TP3: $2380 ⭐️ 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
4
Uptrend line XAU - above $2400⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold remains steady around $2,380 per troy ounce on Wednesday, staying close to its all-time highs as traders proceed with caution in anticipation of Israel's response to Iran's airstrike on Saturday. According to a report from Reuters, the third meeting of Israel's war cabinet, originally scheduled for Tuesday to determine a course of action in response to Iran's unprecedented direct attack, has been postponed until Wednesday. Additionally, sources cited by The Jerusalem Post have revealed that Israel has reportedly finalized its plans for retaliating against Iran. Late on Tuesday, US National Security Advisor Jake Sullivan announced that new sanctions targeting Iran, as well as sanctions against entities that support the Islamic Revolutionary Guard Corps and Iran's Defense Ministry, will be implemented in the coming days. ⭐️ Personal comments NOVA: The H1 frame shows 2 Uptrend lines leading the Gold price above $2400. With the tense military situation, Gold still has motivation to increase prices by the end of April 2024 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2355 - $2353 SL $2348 TP1: $2362 TP2: $2370 TP3: $2380 🔥SELL GOLD zone: $2406 - $2404 SL $2410 TP1: $2395 TP2: $2388 TP3: $2380 🔥SELL GOLD zone: $2428 - $2430 SL $2435 TP1: $2420 TP2: $2405 TP3: $2390 ⭐️ 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
Gold price is in a stable UP trend line !! XAU ⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is moving within a narrow trading range as the European session begins on Tuesday. It remains close to the record high reached last week. The US Dollar (USD) is gaining strength, reaching its highest level since early November, due to expectations that the Federal Reserve (Fed) will postpone interest rate cuts in light of persistent inflation. This hawkish stance supports higher US Treasury bond yields and limits any significant increase in the value of gold, which does not generate interest. Nevertheless, the downside for the gold price is protected by ongoing geopolitical tensions in the Middle East. These tensions tend to increase demand for traditional safe-haven assets. As a result, it seems that the XAU/USD is more likely to move upwards, and any substantial pullback could be viewed as an opportunity to buy. Traders are now focusing on US macroeconomic data and speeches by influential FOMC members, including Fed Chair Jerome Powell, for new market direction. ⭐️ Personal comments NOVA: Gold price increased strongly, approaching the 2400 zone, military tension and war factors led to the main reason for Gold's increase. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2360 - $2358 SL $2353 TP1: $2368 TP2: $2380 TP3: $2400 🔥SELL GOLD zone: $2406 - $2408 SL $2413 TP1: $2395 TP2: $2380 TP3: $2368 ⭐️ 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
Gold price in UP trend line !! XAU ✍️ NOVA hello everyone, Let's comment on gold price next week from 4/15 - 4/19/2024 🔥 World situation: Gold price ended the week with slight gains of 0.59% after reaching a record high during the North American session on Friday. The price movement was volatile due to geopolitical risks, which led to a surge in demand for safe-haven assets. As a result, the non-yielding metal rose to $2,431, a new all-time high, before declining due to overall strength in the US Dollar. Currently, the XAU/USD pair is trading at $2,343, down 1.18%. According to reports, Iran is preparing to retaliate against Israel in response to an Israeli attack that resulted in the deaths of seven Iranian officials two weeks ago. Furthermore, the latest US inflation data released on Wednesday and Thursday caused fluctuations in the value of gold. Following the release of the US Consumer Price Index (CPI), the non-yielding metal dropped to $2,303. However, this decline was short-lived as inflationary pressures eased after the Producer Price Index (PPI) report showed readings below market expectations for February. 🔥 Identify: Gold price reached its highest peak at 2432, then decreased sharply. However, it is still within the 2-margin price uptrend line. Comments on Gold prices still have momentum to increase in price after the Israeli military tension escalated 🔥 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: $2398, $2430, $2450 Support : $2305, $2230 🔥 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
$2400 becomes very close - Gold price rally continues⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) hit a record high near $2,390 during early Asian session on Friday due to market expectations of a US Federal Reserve interest rate cut. Chinese central bank's gold purchase and ongoing geopolitical tensions in the Middle East also contribute to the increase. Analysts predict that despite concerns about higher-than-expected inflation, the US Fed will still proceed with three 25-basis point rate cuts this year. ⭐️ Personal comments NOVA: Gold price continues to increase strongly - breaking the resistance structure. In the context of the US economy, there are still many difficulties. Gold metal has become the top priority investment channel. Gold prices continue to reach new peaks this year ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2361 - $2359 SL $2354 TP1: $2370 TP2: $2378 TP3: $2390 🔥SELL GOLD zone: $2398 - $2401 SL $2405 TP1: $2390 TP2: $2380 TP3: $2370 🔥BUY GOLD zone: $2350 - $2352 SL $2345 TP1: $2361 TP2: $2370 TP3: $2378 ⭐️ 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
12
Gold price ATH - continues to increase✍️ NOVA hello everyone, Let's comment on gold price next week from 8/4 - 12/4/2024 🔥 World situation: Gold reached a new all-time high, disregarding a strong US March Nonfarm Payrolls report that could delay rate cuts by the Federal Reserve. Despite the increase in US Treasury yields and the slight rise of the Greenback, gold's price remains influenced by factors like the US Dollar, geopolitical risks, and physical demand. 🔥 Identify: The increase was so strong and stable, Gold price reached ATH 2330 this week. Next week sees economic data assessing core inflation CPI and PPI. Gold price still has the motivation to increase further, the Uptrend still dominates 🔥 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: $2360, $2380, $2400 Support : $2287, $2260, $2210 🔥 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
4
DOW model for Gold price Increase ! record high⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: During the Asian session on Monday, the price of gold (XAU/USD) has attracted some buying interest around the $2,300 level and has reached a new all-time high in the last hour. The rally in the precious metal over the past couple of weeks has been driven by expectations that the Federal Reserve (Fed) will eventually cut rates in 2024, as well as buying from the Chinese central bank. However, with the daily chart showing extremely overextended conditions, traders may be hesitant to place new bullish bets amidst easing geopolitical tensions and a positive risk sentiment, which typically diminishes demand for safe-haven assets like gold. ⭐️ Personal comments NOVA: With the strong increase of Gold Monday, FOMO is at its peak at the present time. The Uptrend shows no signs of stopping, the target continues to rise to 2400 in the second quarter of 2024 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2301 - $2303 SL $2297 TP1: $2315 TP2: $2322 TP3: $2330 🔥SELL GOLD zone: $2367 - $2369 SL $2375 TP1: $2360 TP2: $2345 TP3: $2330 ⭐️ 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
NF - Gold price continues to trend UP ⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Traders may wait for more information about the Fed's interest rate-cut plans before making bets on the non-yielding Gold price. They will be closely watching the release of the US monthly employment details, known as the Nonfarm Payrolls (NFP) report, later in the North American session. If there is any disappointment, it could indicate a weakening labor market and increase the likelihood of a June Fed rate cut. This could lead to more selling of USD and support for gold. ⭐️ Personal comments NOVA: Gold price is having a DOWN correction below the $2280 area. However, the UP trend is still the dominant trend, many opportunities for Gold to continue to create new peaks ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2260 - $2258 SL $2253 TP1: $2275 TP2: $2290 TP3: $2308 🔥SELL GOLD zone: $2308 - $2310 SL $2315 TP1: $2300 TP2: $2290 TP3: $2280 ⭐️ 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
5
DOW model - Bull cycle of Gold !!⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) surged above $2,300, reaching an all-time high during the early Asian session. This was driven by weaker-than-expected US ISM Services PMI data for March and speculation that the Federal Reserve has reached the peak of the rate hike cycle, resulting in increased demand for gold. Market expectations of rate cuts in June also contributed to the momentum, with a 62% probability of a rate cut at the Fed's June 11-12 policy meeting according to the CME FedWatch Tool. ⭐️ Personal comments NOVA: DOW model - Gold price increases steadily. Gold's strong upward trend will continue ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2280 - $2282 SL $2275 TP1: $2290 TP2: $2295 TP3: $2300 🔥SELL GOLD zone: $2318 - $2320 SL $2325 TP1: $2310 TP2: $2300 TP3: $2290 ⭐️ 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
13
ADP NF - Gold price target $2300⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) is entering a bullish consolidation phase after reaching a new all-time high around the $2,288-2,289 area during the Asian session on Wednesday. This is mainly due to persistent geopolitical risks from the Russia-Ukraine war and conflicts in the Middle East, which have dampened investor interest in riskier assets. As a result, there is a generally weaker tone in equity markets, making gold an attractive safe-haven investment. ⭐️ Personal comments NOVA: Gold price is about to reach $2,300, with no signs of stopping yet. Gold's strong growth is mainly due to FOMO from the market ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2266 - $2264 SL $2260 TP1: $2280 TP2: $2292 TP3: $2300 🔥SELL GOLD zone: $2298 - $2300 SL $2305 TP1: $2290 TP2: $2280 TP3: $2270 🔥SELL GOLD zone: $2312 - $2314 SL $2318 TP1: $2300 TP2: $2295 TP3: $2290 ⭐️ 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
Gold's Bull Cycle!! $2300⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) remained within a range during the Asian session on Tuesday. It consolidated its recent gains, reaching an all-time high of around $2,265-2,266. The release of positive US manufacturing data has raised doubts about the Federal Reserve's plans to cut interest rates three times this year. As a result, US Treasury bond yields have increased, pushing the US Dollar (USD) to its highest level since February 14th. This has undermined the value of gold. However, there is still a possibility that the Fed will begin cutting rates in June, along with ongoing geopolitical risks in the Middle East. These factors should help limit losses for gold as a safe-haven asset. It is advisable to wait for significant selling pressure before confirming that XAU/USD has reached its peak in the short term. ⭐️ Personal comments NOVA: Gold prices show that the market's fomo and excitement is huge. Today's news data also supports Gold prices continuing to reach new ATH ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2222 - $2224 SL $2217 TP1: $2230 TP2: $2238 TP3: $2248 🔥SELL GOLD zone: $2278 - $2280 SL $2285 TP1: $2270 TP2: $2260 TP3: $2250 ⭐️ 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
New era of Gold, Gold price continues to Increase✍️ NOVA hello everyone, Let's comment on gold price next week from 1/4 - 5/4/2024 🔥 World situation: The price of gold hits all-time highs near $2,230 per ounce, aiming for a fifth consecutive session of gains on Friday. Trading volumes are low due to Good Friday observance. The allure of gold is attracting buyers as market sentiment suggests that major central banks will start cutting interest rates this year. Investors have confidence in gold and anticipate three rate cuts from the US Federal Reserve in the coming months, according to Chicago Fed President Austan Goolsbee, who leans toward a dovish stance. Goolsbee emphasizes the need for more evidence of inflation subsiding before taking action. 🔥 Identify: Gold Prices Despite Key Economic Data Good for the Dollar, Rising and Reaching All-Time Highs. FOMO and the tense world situation are the main driving forces to help Gold prices continue to increase in the near future 🔥 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: $2238, $2260, $2300 Support : $2210, $2195, $2157 🔥 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
GDP is the deciding factor for Gold price increase today⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices have been steadily increasing during the North American session on Wednesday, with buyers specifically targeting the $2,200 mark. Due to a lack of significant economic events in the United States (US), investors have been purchasing gold in response to growing speculation that the Federal Reserve (Fed) may cut interest rates in June. As of now, the XAU/USD is trading at $2,192, reflecting a gain of 0.63% or $13. The decline in US Treasury yields is supporting the price of gold, which does not generate any yield itself. The US 10-year benchmark note rate currently stands at 4.19%, having dropped by four basis points. Consequently, US real yields have also decreased from 1.914% on Tuesday to 1.87% at the time of writing, creating a headwind for the US dollar. ⭐️ Personal comments NOVA: Gold price moved close to the trend break border, trading above the $2190 area. Today's economic data is expected to continue to increase for Gold Near-term target $2220 for Gold this week ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2178 - $2180 SL $2173 TP1: $2185 TP2: $2190 TP3: $2195 🔥SELL GOLD zone: $2220 - $2222 SL $2227 TP1: $2210 TP2: $2200 TP3: $2190 ⭐️ 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
12
Gold Price is gradually coming the next trend for Gold⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: During Wednesday's Asian session, there is a noticeable interest in buying gold (XAU/USD) at a lower price. This has temporarily halted the downward movement that occurred towards the end of the previous day, just as it approached the significant $2,200 level. The Federal Reserve (Fed) stated last week that it intends to reduce interest rates by 75 basis points in 2024. This, combined with a cautious market sentiment due to concerns about geopolitical risks arising from the ongoing Russia-Ukraine conflict and conflicts in the Middle East, are important factors contributing to the support of gold as a safe-haven asset. ⭐️ Personal comments NOVA: In the long-term frame, Gold price is still in an UP trend, but purchasing power has gradually decreased. The sideway amplitude $2150 - $2180 is gradually breaking and has a new trend in early April 2024 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2150 - $2152 SL $2145 TP1: $2160 TP2: $2168 TP3: $2176 🔥SELL GOLD zone: $2193 - $2195 SL $2200 TP1: $2180 TP2: $2170 TP3: $2160 ⭐️ 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
5
New highest price range from Gold !! $2220 ⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) has reduced some of its gains made earlier in the day, after reaching a new all-time high during the Asian session on Thursday. However, it is still trading positively for the second consecutive day and is currently around the $2,200 level. The Federal Reserve (Fed) has indicated that it plans to reduce interest rates by 75 basis points this year, which has helped calm the market's concerns about the central bank lowering its projection for the number of rate cuts to just two, despite persistent inflation. As a result, the US Dollar (USD) has weakened from its two-week high reached on Wednesday, further boosting the value of gold. ⭐️ Personal comments NOVA: Gold price reached an all-time high of $2,220, after the news of the FED's decision to keep interest rates unchanged. Still positive, FOMO from the market, Gold price continues to increase well ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2180 - $2182 SL $2175 TP1: $2190 TP2: $2205 TP3: $2220 🔥SELL GOLD zone: $2210 - $2212 SL $2215 scalping TP1: $2205 TP2: $2200 TP3: $2190 🔥SELL GOLD zone: $2219 - $2221 SL $2226 TP1: $2210 TP2: $2200 TP3: $2180 ⭐️ 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
6
FOMC decides next week's Gold price trend✍️ NOVA hello everyone, Let's comment on gold price next week from 18/3 - 22/3/2024 🔥 World situation: The price of gold declined from approximately $2,180 on Friday, experiencing consecutive sessions of losses as investors' expectations for the start of the US Federal Reserve's easing cycle were delayed due to robust US economic data. The higher-than-anticipated inflation numbers support Fed Chair Jerome Powell's statement to exercise patience and maintain the current monetary policy approach until the disinflation process progresses. Currently, the XAU/USD is trading at $2,157.66, reflecting a 0.20% decrease. 🔥 Identify: Next week will see information about the FOMC meeting to decide the Fed's upcoming interest rate. Comment: Experts' expectations about the Golden Era are still very high, the time for FED's interest rate cuts is getting closer, and the belief in reduced inflation is growing. These are the motivating reasons for Gold prices to continue to increase 🔥 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: $2200, $2200 Support : $2125, $2100 🔥 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 prices hit record highs !! XAU increase⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) has capitalized on its recent breakout momentum and reached a new record high, around the $2,152 range on Wednesday. This surge comes as there are expectations for an imminent change in the Federal Reserve's (Fed) policy stance. Fed Chair Jerome Powell's remarks have reinforced these expectations, stating that the central bank anticipates lowering its benchmark interest rate later this year. However, Minneapolis Fed President Neel Kashkari downplays speculations of a more aggressive easing of policies, providing some support for the US Dollar (USD) and preventing it from further declining to its lowest level since February. Consequently, this curbs additional gains for gold, especially considering the extreme overextension seen on the daily chart. Simultaneously, any significant corrective decline in the price of gold appears unlikely due to ongoing geopolitical tensions. Furthermore, concerns regarding China's economic slowdown, as the second-largest economy globally, may continue to serve as a supportive factor for this safe-haven precious metal. Additionally, investors may choose to remain cautious ahead of Powell's second day of testimony before the Senate Banking Committee and the release of the highly anticipated US monthly employment data. ⭐️ Personal comments NOVA: Gold price reached a record high price of over $2,160. The buying pressure is huge, the next target is $2180 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2134 - $2132 SL $2128 TP1: $2140 TP2: $2150 TP3: $2160 🔥SELL GOLD zone: $2180 - $2178 SL $2185 TP1: $2170 TP2: $2160 TP3: $2153 ⭐️ 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
ADP - NF, waiting for Gold price to touch $2150⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) declines during Asian session on Wed, partially reversing previous day's gains. Profit-taking and repositioning trade ahead of Fed Chair Powell's testimony may be contributing factors. Investors will closely analyze Powell's remarks for clues about Fed's rate-cut path and its impact on USD, which will influence gold price dynamics. ⭐️ Personal comments NOVA: Still giving priority to the rise of Gold, the market is too positive and looking forward to a new ATH point for Gold ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2080 - $2082 SL $2075 TP1: $2095 TP2: $2110 TP3: $2130 Can Scalping BUY area 2110-2108 🔥SELL GOLD zone: $2148 - $2150 SL $2155 TP1: $2140 TP2: $2125 TP3: $2110/b] ⭐️ 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
9
$2150, sudden increase from Gold⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: During the early European session on Tuesday, the price of gold (XAU/USD) is observed to be fluctuating within a range. It is currently consolidating its recent significant gains, reaching a three-month high around the $2,120 mark touched the previous day. Traders are displaying hesitancy and prefer to wait for further indications regarding the Federal Reserve's (Fed) potential rate cuts before making any new directional bets. As a result, all eyes will be on Fed Chair Jerome Powell's two-day congressional testimony, set to commence on Wednesday. In addition to this, investors will be faced with the release of crucial US macroeconomic data at the start of the new month. This includes the highly influential monthly employment data, or the Nonfarm Payrolls (NFP) report, scheduled for Friday. Consequently, this data will have a significant impact on the demand for the US Dollar (USD) and subsequently provide fresh momentum for the precious metal. Meanwhile, expectations of rate cuts by the Fed in June are keeping USD bulls on the defensive and offering support to gold, which does not yield interest. ⭐️ Personal comments NOVA: Outstanding growth from Gold, Nearest resistance zone $2150 Gold soon reached ⭐️ SET UP GOLD PRICE: 🔥SELL GOLD zone: $2148 - $2150 SL $2155 TP1: $2140 TP2: $2130 TP3: $2120 ⭐️ 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
Test $2060, continuing the UP trend ! XAU ✍️ NOVA hello everyone, Let's comment on gold price next week from 4/3 - 8/3/2024 🔥 World situation: The ISM February Manufacturing PMI decreased to 47.8 from 49.1, indicating a contraction in the U.S. manufacturing sector. Timothy Fiore, Chair of the Institute for Supply Management, mentioned that the rate of contraction was faster than in January, with a slowdown in demand, decrease in output, and continued support for inputs. As a result of the data, Gold prices experienced a significant increase as U.S. Treasury bond yields dropped, leading to expectations of earlier-than-anticipated rate cuts. Consequently, XAU/USD prices surged aggressively, reaching a new high for the year at $2,087.45, while U.S. Treasury bond yields fell. The yield of the U.S. 10-year Treasury bond declined by five and a half basis points (bps) to 4.197%, and real yields, as measured by the 10-year Treasury Inflation-Protected Securities (TIPS) yield, decreased from 1.934% to 1.878%. These developments had a negative impact on the value of the U.S. Dollar (USD). 🔥 Identify: Gold price increased sharply after the 6th PMI news. Continuing the upcoming UP trend of Gold Break out of the $2060 area, a huge buying pressure. The correction to test back to the $2060 area is essential to help Gold prices continue to increase and stabilize the market. 🔥 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: $2120, $2150 Support : $2060, $2040 🔥 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
8