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PPI !! There is a chance for recovery!! XAU⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: On Friday, investors will pay close attention to the economic data coming out of China. It is predicted that the Consumer Price Index (CPI) for the nation will decrease by 0.4% compared to the previous year in December. Similarly, the Producer Price Index (PPI) is expected to drop by 2.6% year-on-year, down from the previous reading of 3.0%. If the data turns out to be weaker than expected, it could potentially have a negative impact on the price of gold, as China is one of the largest consumers of the precious metal worldwide. In addition, the US Producer Price Index (PPI) will also be released later in the day on Friday. ⭐️ Personal comments NOVA: PPI prediction is quite positive for the dollar, Gold price is still sideways around the area below $2040, selling pressure is still trying to return to the $2000 area ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2022 - $2020 SL $2017 scalping Asian session TP1: $2026 TP2: $2030 TP3: $2034 🔥BUY GOLD zone: $2000 - $2002 SL $1995 TP1: $2010 TP2: $2020 TP3: $2030 🔥SELL GOLD zone: $2053 - $2055 SL $2060 TP1: $2045 TP2: $2038 TP3: $2030 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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:XAUUSDShort
by Nova-Scalper
5
Waiting for new motivation after today's CPI news⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: During the early Asian trading hours on Thursday, the price of gold (XAU/USD) experienced a gradual increase. The weakened US Dollar (USD) provided some encouragement to the yellow metal, particularly in anticipation of the significant US CPI report later in the day. Currently, the gold price stands at $2,026, reflecting a 0.15% gain for the day. ⭐️ Personal comments NOVA: It is still a nice DOWN trend according to the H1 chart frame, trading below the EMA makes the trend even clearer. CPI data at the beginning of the year creates prosperity for the US economy ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2015 - $2013 SL $2010 scalping TP1: $2019 TP2: $2025 TP3: $2032 🔥BUY GOLD zone: $2000 - $2002 SL $1995 TP1: $2010 TP2: $2020 TP3: $2030 🔥SELL GOLD zone: $2037 - $2039 SL $2045 TP1: $2034 TP2: $2028 TP3: $2020 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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:XAUUSDShort
by Nova-Scalper
8
Steady correction DOWN trend!! XAU⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is facing difficulties in gaining significant momentum after experiencing a slight decline from the $2,040 level yesterday. It is currently moving within a tight trading range during the Asian session on Wednesday. Traders appear hesitant and are choosing to wait for the upcoming release of the most recent consumer inflation data on Thursday before making any new directional trades. ⭐️ Personal comments NOVA: Gold price is in a stable downward adjustment rhythm, with strong selling pressure. Price trading below the EMA shows the main downtrend ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2010 - $2012 SL $2007 scalping TP1: $2016 TP2: $2020 TP3: $2025 🔥BUY GOLD zone: $2000 - $2002 SL $1995 TP1: $2010 TP2: $2020 TP3: $2030 🔥SELL GOLD zone: $2048 - $2050 SL $2055 TP1: $2040 TP2: $2025 TP3: $2012 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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:XAUUSDShort
by Nova-Scalper
4
Gold's DOWN cycle continues !! 1/9/2024⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is rebounding slightly below the mid-$2,000s in the early Asian session on Tuesday. There is a chance that the US Federal Reserve (Fed) will prolong its cautious approach, which could lead to some selling pressure on gold in the short term. However, gold traders will primarily look to the US Consumer Price Index (CPI) on Thursday for new inspiration. Currently, the gold price is trading around $2,030, up 0.14% for the day. ⭐️ Personal comments NOVA: The downtrend is even more obvious, with the actions of some funds taking profits on Gold above the $2000 price range. Gold continues to suffer negative impacts in early 2024 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2000 - $2002 SL $1992 TP1: $2010 TP2: $2020 TP3: $2030 🔥SELL GOLD zone: $2048 - $2050 SL $2055 TP1: $2040 TP2: $2025 TP3: $2017 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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:XAUUSDShort
by Nova-Scalper
3
Forming a short-term DOWN trend, correction⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: There is no important US economic news today, mainly based on technical analysis according to the Gold chart ⭐️ Personal comments NOVA: Prices are forming a downward wave pattern in the short term. According to fibonacci, Gold prices need a DOWN adjustment period to continue creating more liquidity for the market in early 2024. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2047 - $2045 SL $2040 TP1: $2052 TP2: $2060 TP3: $2074 🔥SELL GOLD zone: $2074 - $2076 SL $2080 TP1: $2068 TP2: $2060 TP3: $2050 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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:XAUUSDShort
by Nova-Scalper
19
DOWN adjustment rhythm for UP wave⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Thursday saw an increase in Initial Jobless Claims in the United States, reaching 218,000 for the week ending December 23. This exceeded the market's prediction of 210,000. Continuing Claims also rose to 1.875 million, marking the highest level in four weeks. Additionally, November's Pending Home Sales remained unchanged, failing to meet the market's expectation of a 1% increase. Looking ahead, gold traders will be closely monitoring the release of the Chicago Purchasing Managers' Index for December on Friday. However, given that traders are entering holiday mode as they approach 2024, this data may not prompt immediate action. ⭐️ Personal comments NOVA: After the price reached the 2090 area, it reached a new peak in the last 3 weeks. Prices have been adjusted DOWN to create more liquidity for the market ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2053 - $2055 SL $2045 TP1: $2062 TP2: $2075 TP3: $2090 🔥BUY GOLD zone: $2032 - $2034 SL $2025 TP1: $2042 TP2: $2050 TP3: $2062 Note two more Scalping support zones: 2057 - 2059 and 2046-2047 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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:XAUUSDShort
by Nova-Scalper
7
SCALPING !! 12/28/23 test the corrective wave rhythm⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) experienced slight downward pressure on Thursday following its recent three-week high. The valuable metal gave up some of its gains as investors took profits after a significant rally over the past two weeks. This occurred as the cost of holding the non-interest-bearing metal increased due to the recovery of US Treasury yields. ⭐️ Personal comments NOVA: Based on today's correction, test the price trend at 2085 and signal SELL ⭐️ SET UP GOLD PRICE: 🔥SELL GOLD zone: $2085 - $2087 SL $2090 Scalping TP1: $2080 TP2: $2075 TP3: $2070 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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:XAUUSDShort
by Nova-Scalper
2
Scalping XAU! Set up the SELL signal at the resistance zone⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The end of important economic news last week was beneficial for Gold, helping the Gold price this week to stabilize sideways in the H1 frame. ⭐️ Personal comments NOVA: Gold price has a great possibility of continuing to stabilize the price above the $2050 area ⭐️ SET UP GOLD PRICE: 🔥SELL GOLD zone: $2065 - $2067 SL $2070 Scalping TP1: $2062 TP2: $2058 TP3: $2053 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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:XAUUSDShort
by Nova-Scalper
2
PPI news !! Gold prices continue to fall ??⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The general expectation is that the US central bank will maintain the existing conditions and keep interest rates unchanged after their two-day meeting on Wednesday. As a result, the focus of the market will be on the accompanying monetary policy statement and the updated economic projections. Following this, there will be a press conference held by Fed Chair Jerome Powell, which will be closely analyzed for any confirmation of a shift in policy stance. Currently, the markets are anticipating the possibility of at least four 25 basis point rate cuts by the Fed in 2024. Therefore, if there is a more cautious approach, it will put significant pressure on the US Dollar and cause an upward movement in the price of Gold, which does not yield interest. ⭐️ Personal comments NOVA: Both technical factors and economic data are not supporting the uptrend of Gold, still under SELL pressure. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $1964 - $1966 SL $1956 TP1: $1970 TP2: $1978 TP3: $1985 Note the price resistance zone: SELL 1994-1996 🔥SELL GOLD zone: $2006 - $2004 SL $2015 TP1: $1995 TP2: $1982 TP3: $1970 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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:XAUUSDShort
by Nova-Scalper
3
Scalping!!! 7/12 XAU signal SELL , resistance ⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is attracting some buying for the second consecutive day on Thursday. However, the buying lacks momentum and the price remains within a familiar range that has been held for the past three days during the first half of the European session. On the fundamental front, there is a growing belief that the Federal Reserve (Fed) has completed its tightening campaign and will begin cutting rates as early as March 2024. Additionally, recent dovish comments from officials at the European Central Bank (ECB), as well as the decisions by the Reserve Bank of Australia (RBA) and the Bank of Canada (BoC) to keep rates steady, have raised hopes that interest rates have reached their peak globally. Consequently, this is viewed as a significant factor supporting the non-yielding yellow metal. ⭐️ Personal comments NOVA: Scalping intraday, price has low volume, sideways waiting for news today. There is a resistance zone at 2033-2035 setting up a SELL signal before the Unemployment Claims news ⭐️ SET UP GOLD PRICE: 🔥SELL GOLD zone: $2033 - $2035 SL $2038 Scalping TP1: $2030 TP2: $2027 TP3: $2024 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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:XAUUSDShort
by Nova-Scalper
5
ADP Non-Farm! How does Gold price affect today?⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold is currently stabilizing around $2,020 on Wednesday morning, after experiencing a two-day decline from its record high of $2,144 on Monday. The increase in the value of gold is benefiting from a general retreat of the US Dollar, as buyers of the Greenback pause after its recent upward movement and in anticipation of the release of the significant US ADP Employment Change data. ⭐️ Personal comments NOVA: One of the news that often greatly affects Gold today is ADP Non-Farm. The data supports the downtrend along with an adjustment to rebalance the market. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $1990 - $1992 SL $1982 TP1: $2000 TP2: $2010 TP3: $2020 🔥SELL GOLD zone: $2049 - $2051 SL $2060 TP1: $2040 TP2: $2032 TP3: $2020 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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:XAUUSDShort
by Nova-Scalper
2
Scalping XAU! 30/11 sideway adjustment DOWN⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is struggling to gain momentum in early European trading on Thursday. It is currently consolidating its recent strong gains, reaching its highest level since May 5th, which was achieved the previous day. Traders are showing hesitancy and are choosing to wait for the release of the key inflation data from the United States (US) before making any new bets on the direction of the market. The US Personal Consumption Expenditures (PCE) Price Index is scheduled to be released later during the North American session and may have an impact on the Federal Reserve's (Fed) future policy decisions. This, in turn, will influence the demand for the US Dollar (USD) and provide substantial motivation for the non-interest-bearing precious metal. ⭐️ Personal comments NOVA: Currently, the price is sideways around the 2035-2045 area. To overcome the 2050 resistance area, several downward corrections are needed before there is enough force for the next price increase ⭐️ SET UP GOLD PRICE: 🔥SELL GOLD zone: $2041.5 - $2043.5 SL $2047 Scalping TP1: $2037 TP2: $2034 TP3: $2029 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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:XAUUSDShort
by Nova-Scalper
6
Scalping XAU! 28/11 Accumulate price range⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: There appears to be limited potential for any significant downward movement in the price of Gold, as it is increasingly recognized that the Federal Reserve (Fed) has concluded its efforts to tighten monetary policy. Additionally, the markets have already factored in the likelihood of multiple interest rate cuts in 2024. As a result, US bond yields and the value of the US dollar are expected to remain restrained. Furthermore, concerns regarding a global economic downturn and a generally weaker performance in European stock markets should provide some support for the safe-haven appeal of precious metals. Considering these factors, bearish traders should exercise caution ahead of the release of important inflation data from the US this week. ⭐️ Personal comments NOVA: The price is still accumulating sideways before continuing to overcome the 2020 resistance area ⭐️ SET UP GOLD PRICE: 🔥SELL GOLD zone: $2016 - $2018 SL $2021 TP1: $2012 TP2: $2008 TP3: $2005 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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:XAUUSDShort
by Nova-Scalper
4
Continue to adjust and accumulate short-term! XAU⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) has recovered some of its losses as the US dollar (USD) continues to decline in the early Asian session on Friday. No economic data was released from the US on Thursday. Currently, the gold price is trading at around $1,992, with no change throughout the day. Moving forward, gold traders will be closely monitoring the US S&P Global PMI data on Friday. It is expected that the Manufacturing PMI will decrease from 50 to 49.8, while the Services PMI is estimated to ease from 50.6 to 50.4. Traders will be paying attention to these figures in order to identify potential trading opportunities based on the gold price. ⭐️ Personal comments NOVA: Today's PMI news is not expected to have much impact on Gold prices too much. Gold price is still in the process of adjusting and accumulating to enter the strong resistance zone of 2005-2010. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $1973 - $1975 SL $1968 TP1: $1985 TP2: $1997 TP3: $2008 🔥SELL GOLD zone: $2008 - $2010 SL $2017 TP1: $2000 TP2: $1990 TP3: $1980 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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:XAUUSDShort
by Nova-Scalper
1
Bank holiday! Slowly today XAU⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The recovery in the price of gold (XAU/USD) has lost its momentum after pulling back from $2,006 earlier in the Asian session on Thursday. The positive US consumer sentiment report has led to an increase in US Treasury yields and a stronger US Dollar, which has attracted some sellers of the yellow metal. Market activity remains subdued as the United States prepares for the Thanksgiving Day holiday on Thursday. Currently, the price of gold is trading around $1,990, showing a slight increase of 0.02% for the day. At the same time, the US Dollar Index (DXY), which measures the value of the USD against a basket of six major currencies, is hovering around 103.88. The yields on US Treasury bonds are also rising, with the 10-year yields climbing by 4.40%. This upward movement in yields puts pressure on gold as investors see US Treasury yields as a more attractive investment compared to non-yielding metals. ⭐️ Personal comments NOVA: Today is BANK holiday in the US market. There will not be much fluctuation today, the price is mostly sideways and in a cumulative correction ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $1980 - $1982 SL $1977 Scalping TP1: $1985 TP2: $1988 TP3: $1991 🔥BUY GOLD zone: $1968 - $1970 SL $1960 TP1: $1980 TP2: $1988 TP3: $1995 🔥SELL GOLD zone: $1994 - $1997 SL $2001 TP1: $1988 TP2: $1975 TP3: $1968 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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:XAUUSDShort
by Nova-Scalper
5
Scalping XAU! Slight adjustment after Unemployment Claims news⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The USD Index (DXY), which monitors the performance of the US dollar against a group of currencies, continues to rebound from its lowest point since August 31st, which was reached on Tuesday following the release of the hawkish Federal Open Market Committee (FOMC) meeting minutes. In fact, policymakers reiterated their commitment to maintaining higher interest rates for an extended period and tightening further if efforts to control inflation prove insufficient. This, combined with the recent inability to sustain momentum above the significant $2,000 level, is discouraging bullish investors from initiating new positions in gold. ⭐️ Personal comments NOVA: Unemployment Claims data shows good signs for the dollar. At the same time, Gold prices need to have a downward adjustment rhythm to create more liquidity. Price will decrease first and then continue to increase ⭐️ SET UP GOLD PRICE: 🔥SELL GOLD zone: $2003 - $2005 SL $2008 Scalping TP1: $2000 TP2: $1996 TP3: $1993 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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:XAUUSDShort
by Nova-Scalper
3
Slight adjust today, still in an uptrend⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is attracting buyers and has surpassed the $2,000 mark in the early hours of Asian trading on Wednesday. This increase in demand for the precious metal is driven by the decline in US Treasury bond yields and the weakening of the US dollar (USD). According to the minutes of the November Federal Open Market Committee (FOMC) meeting, all participants agreed that policy decisions would continue to be based on the complete set of incoming information. They also deemed it appropriate to maintain the target interest rate within the range of 5.25% to 5.5%. ⭐️ Personal comments NOVA: After yesterday's strong price increase, surpassing the 2000 mark. Prices will tend to adjust slightly to gain liquidity before continuing to a new peak this year. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $1980 - $1982 SL $1975 TP1: $1990 TP2: $2000 TP3: $2010 🔥SELL GOLD zone: $2015 - $2017 SL $2023 TP1: $2008 TP2: $2000 TP3: $1990 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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:XAUUSDShort
by Nova-Scalper
1
GOLD SELL | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity GOLD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
TVC:GOLDShort
by TheGrove
2
GOLD Short | Trade AnalysisHello Traders, here is the full analysis. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity GOLD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
TVC:GOLDShort
by TheGrove
12
From the Gold Rush to the 10% Golden Crash next?A few weeks ago, I mentioned that the gold rally had come to an end. At the time, the price was at $1,970, and I expected the price to crash for the rest of the year. Well, the crash came much sooner than even I expected. Just last week, gold prices sank another 4%. And to put this into perspective. We have not seen this kind of gold crash performance since June 2021. In fact, on 25 September, the gold price dropped from $1,970 per ounce down to a low of $1,829. If you missed the first down leg of gold, you’re not going to want to miss the next one. Here’s why I expect the price to continue down. Why the JOLTS report is great for America but bad for gold Let’s start with what the JOLTS report is. The Job Openings and Labor Turnover Survey (JOLTS) report is a monthly publication by the U.S. Bureau of Labor Statistics (BLS). It tells us important information about the U.S. labour market. The report is typically released a few weeks after the closely watched m (Nonfarm Payrolls) and offers a different perspective on the job market. August data of the US JOLTS Jobs Openings was recently released. And it crushed analysts’ expectations. It showed the job openings improved to 9.61 million in August from the previous reading of 8.92 million. When the report came out, the gold price dropped even further. We need to remember…. The JOLTS report of 9.61 million in August suggests a strong labour market and a boost in economic optimism. In a growing economy, we’ll see investors will look to riskier assets like stocks over safe-haven assets like gold. And so, this led to a decrease in gold demand and a drop in its price. Another interest rate hike is on the cards Several Fed officials have suggested that America can expect at least one more 25 basis points rate hike by the end of the year. This will be to try to bring inflation back to the 2% target. Also, with the higher jobs openings and a stronger economy – this has put the US wage inflation and higher interest rates back on the agenda. Here is what Jim Wyckoff, senior analyst at Kitco Metals, said in a Reuters note. “There is a reckoning that interest rates are going to be higher for much longer, which has been the bearish element in the precious market. Gold prices could go below $1,800 in the near-term,” I don’t normally agree with the news and hype. But the charts agree with the downside to come. Why this massive inverse Cup and Handle is showing 10% for gold You can see since April 2023, it’s been moving in a bearish (down) pattern known as an Inverse Cup and Handle. Three parts make this Inverse C&H pattern including a. Cup (big rounding top), Handle (small rounding top) and a Brim level (horizontal support). Now that the price has broken below the brim level, means we should expect the price to continue down. The first target I have for gold is to the next strong support (floor level) at $1,710. This was the level that was tested in January, and it looks like the price will go back to that testing level again.
COMEX:GC1!Short
by Timonrosso
Golden Arches formed but NOT in tact as price is above 200MAM Formation has formed on Gold. However, there is a BIG support with the neckline and the major 200MA. As long as price stays above, this analysis will e wrong. So this is a hesitant analysis to present, but one which is showing strong bearish momentum to come based on history rather than present and future. Price >200 - needs to break below RSI<50 turn up Target will be to $1,710 if the price breaks below the Neckline and 200MA. What do you think?
COMEX:GC1!Short
by Timonrosso
1