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GDP, the highlight for gold price growth or not ?⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold is experiencing modest gains but remains stuck within a narrow range during Tuesday's mid-North American session. This is supported by the decrease in US Treasury bond yields, which in turn weakens the US Dollar Index (DXY) by 0.05%. Currently, XAU/USD is trading at $2,034.88, showing a gain of 0.18%. Gold is hovering around the 50-day Simple Moving Average (SMA) at $2,033.48 as investors prepare for the release of the latest Personal Consumption Expenditures (PCE) report. This report serves as the Federal Reserve's (Fed) measure of inflation. Along with the most recent Gross Domestic Product (GDP) data, these factors could potentially trigger a breakout in the price of gold from its current trading range of $2,020 to $2,050. ⭐️ Personal comments NOVA: Gold price is still in an Uptrend, today's GDP news could help Gold reach $2050 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2020 - $2022 SL $2015 maybe scalping $2025-$2027 TP1: $2030 TP2: $2038 TP3: $2050 🔥SELL GOLD zone: $2048 - $2050 SL $2055 maybe scalping $2042-$2044 TP1: $2040 TP2: $2035 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
2
Gold price continues to be in an increasing trend⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold has pulled back after reaching the 50-day Simple Moving Average (SMA) at $2,033.67 during the European session. It is currently down by 0.40% due to a decline in the value of the US Dollar (USD). The drop in gold prices can also be attributed to an increase in the US 10-year Treasury yield and traders reducing their expectations of a dovish stance from the US Federal Reserve (Fed). Currently, the XAU/USD pair is trading at $2,026.93, having reached a high of $2,037.07. Although sentiment remains mixed, there is a slight negative bias that favors the US Dollar. Speculators on interest rates have priced out the possibility of a rate cut by the Fed in March and May. However, there is a 50% chance of a quarter of a percentage point rate cut in June. The US 10-year Treasury note has increased by four-and-a-half basis points to 4.295%, but it is still below the year-to-date (YTD) high of 4.354%. This increase in Treasury yields has put pressure on gold prices as investors align themselves with the Fed officials' expectation of three rate cuts by the end of 2024. ⭐️ Personal comments NOVA: Gold price continues in an Uptrend according to the H1 Frame, waiting for the Resistance areas that Gold reaches in this Rising wave. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2020 - $2022 SL $2015 TP1: $2030 TP2: $2040 TP3: $2050 🔥SELL GOLD zone: $2048 - $2050 SL $2055 TP1: $2044 TP2: $2038 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
6
Golden Price in recovery !!! XAU increase⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) ended on a positive note for the first time in the past three weeks due to ongoing geopolitical tensions and a recent decline in the US Dollar (USD). However, despite surpassing the 50-day Simple Moving Average (SMA), the precious metal is struggling to maintain its momentum and is experiencing a slight decline during the Asian session on Monday. This can be attributed to speculations that the Federal Reserve (Fed) will keep interest rates higher for a longer period. Recently, market participants have revised their expectations for an early interest rate cut by the US central bank. This shift came after the release of consumer and producer prices in the US, which were higher than anticipated earlier this month. Furthermore, minutes from the late January FOMC meeting and hawkish comments from Fed officials indicated that the central bank is not eager to lower interest rates due to persistent inflation and a strong US economy. ⭐️ Personal comments NOVA: Gold price after recovery, surpassing the disputed area of ​​$2030. Still positive for Gold ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2020 - $2022 SL $2015 TP1: $2030 TP2: $2040 TP3: $2050 🔥SELL GOLD zone: $2050 - $2048 SL $2055 TP1: $2042 TP2: $2036 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
1
Bullish Gold Price After $2030 BREAK✍️ NOVA hello everyone, Let's comment on gold price next week from 26/2 - 1/3/2024 🔥 World situation: The price of gold has once again started to rise this week and is expected to end the week positively. This increase in price is due to the decrease in US Treasury bond yields and the lack of significant news updates. Federal Reserve officials, including New York Fed President John Williams, have made similar remarks, further supporting the upward trend. Currently, the XAU/USD is trading at $2,038, showing a 0.70% increase. Despite the financial markets favoring riskier assets, gold continues to be supported by the decline in US Treasury yields. The 10-year benchmark note has experienced a decrease of three and a half basis points, reaching 4.248%. Despite recent slightly hawkish comments from Fed officials, investors have responded positively by reducing bets on interest rate cuts and anticipating a decrease of 93 basis points by the end of the year. 🔥 Identify: Gold prices unexpectedly increased last week, breaking through the $2030 range and continuing to trade above this range. Expect the uptrend to continue to touch $2050 🔥 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: $2050 Support : $2030, $2016, $2000 🔥 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 After BREAKING $2030 Gold Price Analysis for the Week of 26/2 - 1/3/2024 • Gold price is expected to end the week positively due to decreasing US Treasury bond yields and lack of significant news. • The XAU/USD is currently trading at $2,038, showing a 0.70% increase. • Gold prices unexpectedly increased last week, breaking through the $2030 range and continuing to trade above it. • Based on technical analysis, NOVA identifies key resistance at $2050 and support at $2030, $2016, and $2000.
OANDA:XAUUSDLong
by Doolz-Lebanese
1
NF opportunities for Gold prices to continue flying high⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) is experiencing a rapid recovery during the early New York session on Thursday. The downward movement in the price of gold continues to receive strong support as investors are aware that there is a possibility of rate cuts by the Federal Reserve (Fed) this year. In his statement on monetary policy, Fed Chair Jerome Powell expressed little interest in speculating about rate cuts, stating that policymakers are still not convinced that underlying inflation will consistently reach the target of 2%. As a result of Jerome Powell's remarks, expectations of rate cuts in March have been dampened, causing investors to shift their focus to the policy meeting in May, where the first rate cut of this cycle may occur. As we move forward, the outlook for inflation will be influenced by factors such as labor market conditions, consumer spending, and economic growth. These factors will shape the expectations for future rate cuts. Meanwhile, investors are eagerly awaiting the release of January's Institute for Supply Management's (ISM) Manufacturing PMI and the Nonfarm Payrolls (NFP) data. If the employment and wage growth data turn out to be higher than expected, it could diminish the likelihood of a rate cut at the Fed's monetary policy meeting in May. ⭐️ Personal comments NOVA: The price of gold continues the stability of the UP trend, today NF news is an extremely important news that is expected to continue to help Gold have a higher position. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2034 - $2036 SL $2028 // Pay attention to the $2047 support zone TP1: $2042 TP2: $2050 TP3: $2060 🔥SELL GOLD zone: $2068 - $2070 SL $2075// Pay attention to the $2087 resistance zone TP1: $2060 TP2: $2054 TP3: $2048 ⭐️ 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
Next week is very volatile with federal interest rate news! XAU✍️ NOVA hello everyone, Let's comment on gold price next week from 29/1 - 2/2/2024 🔥 World situatio and Identify: Next week, we will wait for a lot of very important news such as: CB Consumer Confidence, NF, Employment Cost Index q/q, pmi, verage Hourly Earnings m/m... and especially will announce the extremely impressive Federal Funds Rate. important for the US economy in early 2024. With the assumption that interest rates will remain the same or REDUCE, helping to limit Inflation. One factor has a positive impact on Gold prices, along with expectations of Gold growth this week 🔥 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: $2027, $2035, $2056, $2087 Support : $2010, $1995, $1976 🔥 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
Gold price is in an increasing trend!! XAU⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is attracting some buying interest for the fourth consecutive day on Thursday and is moving closer to a two-week high around the $2,056 level reached the previous day. The US Dollar (USD) is struggling to take advantage of the rebound after the Federal Open Market Committee (FOMC) meeting, as US Treasury bond yields continue to decline. Additionally, ongoing geopolitical tensions in the Middle East and China's economic challenges are providing support to the safe-haven commodity. However, the Federal Reserve's less dovish stance on interest rates may limit the gains in gold. Investors are now focusing on Thursday's busy economic calendar, which includes the release of flash Eurozone consumer inflation data and the US ISM Manufacturing PMI, for potential market-moving events. Furthermore, the monetary policy decision from the Bank of England (BoE) could introduce volatility into the markets. Factors such as US bond yields, the movement of the US Dollar, and overall risk sentiment will also play a role in creating short-term trading opportunities in the gold market. Following these events, attention will shift towards the highly anticipated US monthly employment report. ⭐️ Personal comments NOVA: Gold prices continue to be in a long-term uptrend, with selling pressure following the result that interest rates will not be reduced in March, but war tensions in the world are still supporting Gold. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2015 - $2017 SL $2008 TP1: $2022 TP2: $2030 TP3: $2040 🔥BUY GOLD zone: $2039 - $2041 SL $2036 Scalping TP1: $2044 TP2: $2048 TP3: $2053 🔥SELL GOLD zone: $2058 - $2060 SL $2065 TP1: $2053 TP2: $2048 TP3: $2040 ⭐️ 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
FOMC, the driving force for Gold prices to increase !! XAU ⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: During the Asian trading session on Wednesday, the price of gold (XAU/USD) experienced a slight decline and moved further away from its two-week high reached around the $2,048-2,049 range the day before. This decrease is attributed to investors adjusting their expectations regarding the speed and extent of interest rate cuts by the Federal Reserve (Fed) due to robust economic data from the United States. As a result, the US Dollar (USD) remains strong, reaching its highest level since December 13 earlier this week, which puts pressure on the value of gold. However, the recent drop in US Treasury bond yields may prevent the USD bulls from making aggressive bets. This, coupled with concerns about geopolitical risks arising from tensions in the Middle East, could continue to support the demand for gold as a safe-haven asset. Investors may also choose to remain cautious and wait for the highly anticipated FOMC monetary policy meeting before making any significant moves in relation to gold, which lacks yield. Therefore, bearish traders should exercise caution in their positions. ⭐️ Personal comments NOVA: The price chart according to technical analysis is supporting the Uptrend, the H1 frame is trading on a stable EMA line, according to economic experts at today's FOMC meeting, which also supports keeping or reducing interest rates. extreme for Gold ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2006 - $2004 SL $1996 TP1: $2015 TP2: $2022 TP3: $2030 🔥SELL GOLD zone: $2054 - $2056 SL $2062 TP1: $2048 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
10
Sideway trading session at the beginning of the week⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is moving downwards, reaching $2,027 in the early Asian session on Monday. The strong economic data from the United States has led to expectations that the Federal Reserve (Fed) may postpone interest rate cuts, thereby strengthening the US Dollar (USD). The crucial support level for gold is currently at the psychological mark of $2,000. On Friday, the market may experience volatility due to the release of the US Core Personal Consumption Expenditures Price Index (Core PCE) for December. ⭐️ Personal comments NOVA: The recovery at the end of January 2024 continues. Sideway Monday trading session with short amplitude ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2015 - $2017 SL $2007 TP1: $2025 TP2: $2032 TP3: $2037 🔥SELL GOLD zone: $2035 - $2037 SL $2045 TP1: $2030 TP2: $2025 TP3: $2017 ⭐️ 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
GOLDEN UP trend prevails !! Monday⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is trading without much movement during the early Asian session on Monday. However, the increase in the value of the precious metal is being supported by the weaker US Producer Price Index (PPI) data and escalating tensions in the Middle East. Currently, the gold price stands at $2,045, experiencing a minimal decrease of 0.01% for the day. On Friday, the US Producer Price Index (PPI) for December saw a yearly increase of 1.0%, compared to the revised 0.8% growth in November. This figure fell below market expectations of 1.3%. The annual core PPI, which excludes volatile food and energy prices, rose by 1.8% in December, down from the previous reading of 2.0% and lower than the market consensus of 1.9%. The monthly core PPI remained unchanged for the third consecutive month. ⭐️ Personal comments NOVA: After PPI data decreased compared to expectations last week, along with the tense military situation in the Middle East, Gold prices continued to have a positive start in the Asian session on Monday. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2031 - $2033 SL $2023 TP1: $2045 TP2: $2055 TP3: $2063 🔥SELL GOLD zone: $2063 - $2065 SL $2070 TP1: $2055 TP2: $2048 TP3: $2033 ⭐️ 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 price in the context of tense war✍️ NOVA hello everyone, Let's comment on gold price next week from 15/1 - 19/1/2024 🔥 World situation: Traders purchased Gold as a result of the intensification of the conflict in the Middle East. Additionally, the rise in demand for the precious metal was driven by the decrease in yields of US Treasury bonds. This was fueled by expectations that the US Federal Reserve would implement substantial interest rate cuts, potentially as early as March. 🔥 Identify: In the context of increasing US military tensions with the Middle East, creating a great premise for Gold prices to increase sharply despite economic data. That is an important factor to believe that Gold prices will continue to increase next week 🔥 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: New Resistance: $2074, $2140 Support : $2015, $1990 🔥 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
XAU/ USD !! bright spot in the market, price increase cycle⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold is trading higher near its three-week high of around $2,088 per troy ounce during the Asian session on Thursday. The potential for rate cuts by the Federal Reserve (Fed) in the first quarter of 2024 has improved risk appetite, leading to an increase in the price of gold. The presence of major shipping companies returning to the Red Sea indicates a tentative return to normalcy, potentially influenced by the deployment of a multinational task force in the area. However, concerns persist regarding the potential closure of the Gibraltar Strait by Iran. The complex and ever-changing geopolitical situation in the Middle East continues to impact market sentiment and contribute to a growing demand for safe-haven assets such as gold. ⭐️ Personal comments NOVA: Prices continue their steady upward trend, although there is not much impactful news, the positivity and trust of investors helps Gold prices continue to fly high. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2067 - $2069 SL $2060 TP1: $2075 TP2: $2086 TP3: $2094 🔥SELL GOLD zone: $2094 - $2096 SL $2102 TP1: $2086 TP2: $2080 TP3: $2070 ⭐️ 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
10
Sideway price range above 2050 for Gold⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The US Dollar showed weakness against other currencies, while the US Dollar Index (DXY), which measures the value of the USD against a basket of currencies used by US trade partners, fell to its lowest level since July at around 101.45. Treasury yields decreased, with the 10-year yield at 3.89%. Expectations of easing by the Federal Reserve have increased. The market has priced in a 15% chance of a rate cut on January 31 and fully priced in a cut on March 20, with six cuts fully priced in by the end of 2024. However, traders will be closely watching upcoming data for further guidance. It is important to note that lower interest rates benefit gold, as they reduce the opportunity cost of holding non ⭐️ Personal comments NOVA: continues sideways above the $2050 price range. The outlook for ending 2023 is strong for Gold ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2045 - $2047 SL $2038 TP1: $2055 TP2: $2068 TP3: $2080 NOTE: Pay attention to the support zone $2050-$2052. BUY SCALPING can be set up 🔥SELL GOLD zone: $2083 - $2085 SL $2090 TP1: $2075 TP2: $2068 TP3: $2060 ⭐️ 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
Gold price at the end of 2023 will remain stable above $2050⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The last week of 2023, without much important economic news, Gold prices maintained a stable high price range above $2050. The information that interest rates will remain unchanged is the information that investors are most interested in, which is beneficial for Gold. Creating one of the most successful years for Gold ⭐️ Personal comments NOVA: Gold prices continue to increase, maintaining high levels through 2023. Very happy signal for investors who believe in Gold ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2053 - $2055 SL $2048 TP1: $2059 TP2: $2065 TP3: $2075 🔥SELL GOLD zone: $2073 - $2075 SL $2079 TP1: $2065 TP2: $2058 TP3: $2053 ⭐️ 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
Near Christmas, Gold prices maintain a stable Uptrend⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is struggling to take advantage of its temporary increase to a level close to the highest point in three weeks. Currently, it is trading just below $2,050 as we enter the European session on Friday. The US Dollar (USD) has gained some positive momentum, recovering from a decline that brought it to a five-month low. This recovery is seen as a significant factor supporting the gold market. The upward movement of the USD can be attributed to traders adjusting their positions ahead of the release of important US inflation data. However, this uptick in the USD is expected to be limited due to the anticipation that the Federal Reserve (Fed) will shift away from its previously hawkish stance. ⭐️ Personal comments NOVA: Gold price has broken through the 2050 zone and is currently testing around this zone to continue to create momentum and liquidity. Let's wait for the new price increase zone ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2038 - $2040 SL $2030 TP1: $2046 TP2: $2054 TP3: $2065 🔥SELL GOLD zone: $2064 -$2066 SL $2072 TP1: $2058 TP2: $2050 TP3: $2040 ⭐️ 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
Final GDP 2023, Last chance for price increase⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is showing positive momentum on Thursday and is recovering a significant portion of the decline it experienced the previous day from near the weekly high. However, the precious metal continues to trade within a well-known range that has been maintained over the past week or so. Traders are eagerly awaiting a new catalyst before taking positions for the next significant move. As a result, all eyes are on the release of the US Core Personal Consumption Expenditure (PCE) Price Index on Friday, as it has the potential to influence future policy decisions by the Federal Reserve (Fed). The outcome of this release will ultimately determine the short-term direction for this non-yielding commodity. ⭐️ Personal comments NOVA: Last chance for price increase at the end of 2023 after GDP news. Stability from the buyers prevails ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2005 - $2007 SL $2000 TP1: $2013 TP2: $2020 TP3: $2030 🔥SELL GOLD zone: $2068 - $2070 SL $2075 TP1: $2060 TP2: $2050 TP3: $2040 ⭐️ 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
Will there be a big breakthrough today? XAU increase⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) has entered a phase of bullish consolidation on Wednesday, as it trades within a narrow range just below the weekly high reached the day before. Several officials from the Federal Reserve (Fed) have recently attempted to delay market expectations of early interest rate cuts in 2024. In addition to this, a slight increase in the value of the US Dollar (USD) and the prevailing risk-on sentiment are acting as obstacles for the safe-haven precious metal. ⭐️ Personal comments NOVA: Continue waiting for opportunities for Gold to continue to increase today ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2020 - $2022 SL $2014 TP1: $2030 TP2: $2040 TP3: $2050 🔥SELL GOLD zone: $2048 - $2050 SL $2055 TP1: $2042 TP2: $2035 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
1
Waiting for an increase in Gold today !! XAU⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is unable to take advantage of the slight increase from the previous day and instead moves within a limited range during Tuesday's Asian session. Several important officials from the Federal Reserve (Fed) have recently attempted to counter market expectations for early interest rate cuts in 2024. This, in turn, is considered a significant factor that is hindering the non-yielding yellow metal. Additionally, the overall positive sentiment in global stock markets also adds to the limitation of gains for gold. ⭐️ Personal comments NOVA: Monday the price had a certain accumulation, surpassing the EMA line. Price will return to test the 2020-2022 zone then continue the upward trend ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2020 - $2022 SL $2014 TP1: $2030 TP2: $2040 TP3: $2048 🔥SELL GOLD zone: $2048 - $2050 SL $2058 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
8
The market is stable, Gold price is firmly above $2000⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is showing a positive trend at the start of the week and maintains its modest gains during the European trading session. However, there is a lack of sustained buying momentum. Last week, the Federal Reserve (Fed) indicated an end to its tightening of monetary policy and projected a total of 75 basis points (bps) in rate cuts by 2024. This limits the upside potential for the US Dollar (USD), which had rebounded from a four-month low on Friday, and serves as a supporting factor for the commodity. Additionally, concerns over geopolitical risks and fears of a deeper economic downturn, particularly in China and the Eurozone, contribute to the demand for the safe-haven precious metal. ⭐️ Personal comments NOVA: the stability of Gold price today, above the $2020 zone. Technical models H1, H4 still show a cumulative sideway trend ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2008 - $2010 SL $2000 TP1: $2018 TP2: $2025 TP3: $2032 🔥SELL GOLD zone: $2032 - $2030 SL $2040 TP1: $2025 TP2: $2018 TP3: $2010 ⭐️ 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
Decision week of 2023, gold price above $2000?✍️ NOVA hello everyone, Let's comment on gold price Decision week of 2023:18/12 - 22/12/2023 🔥 World situation: After the FED meeting on keeping interest rates unchanged, Gold prices have increased sharply again and the chance of ending the year above $2000 is huge. Because the last week of 2023 does not have important economic data and investor psychology is also very satisfied with the current Gold price. 🔥 Identify: Prices will stabilize above $2000 to end a successful year for Gold 🔥 Technically: Based on the resistance and support areas of the gold price according to the H1 frame, NOVA identifies the important key areas as follows: Resistance: $2043 Support : $2008, $1995 🔥 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
TVC:GOLDLong
by Nova-Scalper
3
PMI catalyzed Gold prices to break out⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) continues to move sideways during the European session on Friday and is trading below a high reached the previous day in the range of $2,047-2,048. The release of positive macroeconomic data from the United States on Thursday, coupled with a stronger-than-expected monthly jobs report on Friday, suggests that the US economy is resilient and raises doubts about the possibility of an early policy easing by the Federal Reserve (Fed) in March 2024. As a result, US Treasury bond yields have experienced a modest recovery, and this, combined with an overall risk-on sentiment driven by hopes of Chinese stimulus, is creating a challenging environment for gold as a safe-haven asset. ⭐️ Personal comments NOVA: In recent weeks, there has been a common scenario: during the week there is a certain accumulation, Friday will be a strong fluctuation in price. The excitement of the market still exists so the expectation is that the price will continue to increase. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2009 - $2011 SL $2002 TP1: $2020 TP2: $2030 TP3: $2040 Pay attention to the 2021-2023 support zone, set up a BUY signal 🔥SELL GOLD zone: $2063 - $2065 SL $2073 TP1: $2055 TP2: $2048 TP3: $2040 ⭐️ 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