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$2500 large accumulation price zone! XAU decrease⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) slipped on Tuesday due to a stronger US Dollar and rising US Treasury yields. However, expectations that the Federal Reserve might cut interest rates in September could support gold, as lower rates reduce the cost of holding non-yielding assets. Additionally, ongoing geopolitical tensions in the Middle East may boost demand for safe-haven assets like gold. Looking ahead, the ISM Manufacturing PMI is set to be released on Tuesday, and the key focus will be on the US Nonfarm Payrolls (NFP) report for August, which could influence the Fed's rate decision and impact gold prices in the near term. ⭐️ Personal comments NOVA: Gold prices enter September with high expectations for volatility and new price increases. Correction to reach new ATH continues this year ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2472 - $2470 SL $2465 TP1: $2480 TP2: $2495 TP3: $2510 🔥SELL GOLD zone: $2509 - $2511 SL $2514 scalping TP1: $2504 TP2: $2498 TP3: $2490 🔥SELL GOLD zone: $2527 - $2529 SL $2534 TP1: $2520 TP2: $2510 TP3: $2500 ⭐️ 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 falls below 2500 !! XAU ! 9/2/24XAU / USD trend forecast September 2, 2024 Protests erupted across Israel after the military recovered the bodies of six hostages allegedly killed by Hamas in Gaza. Israel's largest labor union has called for a nationwide strike, threatening to shut down the entire economy on Monday. Meanwhile, China's NBS Manufacturing PMI dropped to 49.1 in August from 49.54 in July, missing expectations of 49.5, while Non-Manufacturing PMI improved slightly to 50.3 from 50.2, surpassing forecasts of 50.0. In the US, the PCE Price Index increased by 2.5% year-over-year in July, slightly below market expectations of 2.6%. Sideway below 2500 is a good signal for Gold in the near future, waiting for interest rate cut in September 2024 Based on M30, resistance and EMA 200 line to set up SELL signal /// SELL XAU : zone 2508-2510 SL: 2516 TP: 50 - 150 - 300 pips (2480) Safe and profitable trading
OANDA:XAUUSDShort
by Moon-ForexAcademy
1
September , XAU/USD price correction , ZONE 2500⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) continued to drop on Monday, falling below the $2,500 mark as a stronger US Dollar, following July's Personal Consumption Expenditures (PCE) Index, pressured the metal. Additionally, concerns over China's sluggish economy, the world’s largest gold buyer, added to the decline. However, expectations of an interest rate cut by the US Federal Reserve (Fed) in September could help limit Gold’s losses, as lower rates reduce the opportunity cost of holding non-yielding assets like gold. Looking ahead, key US economic data are due this week, including the ISM Manufacturing PMI on Tuesday, the Services PMI on Thursday, and employment data on Friday, which includes Nonfarm Payrolls (NFP), the Unemployment Rate, and Average Hourly Earnings for August. ⭐️ Personal comments NOVA: Gold price has a slight decrease adjustment in early September 2024, but is still within the sideway price range of 2480 - 2530, accumulating for the Uptrend. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2483 - $2485 SL $2478 TP1: $2492 TP2: $2500 TP3: $2510 🔥SELL GOLD zone: $2509 - $2511 SL $2516 TP1: $2500 TP2: $2490 TP3: $2482 ⭐️ 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
MASSIVE SELL CONTINUATION !!!Hello everyone, hope we are all doing very well !. My apologies first of all for not sending this setup from the very onset, if you check my EURUSD setup i sent in my profile, you'll see the same analysis right at the point where they both sold from, they both changed structure and they both retested their respective zones before tanking. This very clean setup is the continuation for the sell !. Today is kind of slow due to the bank holiday both in Canada and the US. Use proper risk and money management if you wish to take this trade...you can increase your stop level and put it just above the previous high of this current high !. My EURUSD analysis and setup similar to GBPCAD's is attached to this post if you wish to see it !.
Short
by LaBOSS_FX
ATH XAU is getting closer !! will it reach 2550 ??⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) is under pressure on Friday due to a stronger US Dollar (USD). Positive US growth data and lower Initial Jobless Claims have reduced expectations for a significant rate cut by the Federal Reserve (Fed) in September, weighing on gold. However, rising geopolitical tensions in the Middle East and the ongoing Russia-Ukraine war may increase safe-haven demand, supporting gold prices. Investors are watching US inflation data for clues on the Fed's rate cut decision. The core Personal Consumption Expenditures (PCE) Price Index, the Fed's preferred inflation measure, is expected to rise 2.7% YoY in July, slightly up from 2.6% in June. A softer-than-expected PCE could prompt the Fed to begin a rate-cutting cycle, which would be favorable for XAU/USD. ⭐️ Personal comments NOVA: The bulls are still dominant, trying to surpass the old 2531 ATH zone. NOVA is still waiting for September - the end of August will continue to sideway and adjust downwards. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2507 - $2509 SL $2503 scalping TP1: $2515 TP2: $2522 TP3: $2531 🔥BUY GOLD zone: $2483 - $2485 SL $2478 TP1: $2495 TP2: $2502 TP3: $2510 🔥SELL GOLD zone: $2548 - $2550 SL $2555 TP1: $2540 TP2: $2530 TP3: $2520 ⭐️ 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
Attempt to break ATH XAU at the end of August 2024 ⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: However, the rising demand for the US Dollar (USD) could pressure Gold prices, as a stronger USD makes Gold more expensive for buyers. Investors will be watching Thursday's second estimate of US GDP for Q2 to gauge the potential size and timing of the Federal Reserve's (Fed) rate cut. On Friday, attention will shift to the US Personal Consumption Expenditures (PCE) Price Index data for July. ⭐️ Personal comments NOVA: Still continuing sideways in the price range of 2480 - 2530, stabilizing liquidity in this area. NOVA thinks it will take time until early September for gold to continue to create a new ATH this year. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2485 - $2483 SL $2478 TP1: $2490 TP2: $2500 TP3: $2510 🔥SELL GOLD zone: $2548 - $2550 SL $2555 TP1: $2530 TP2: $2515 TP3: $2500 ⭐️ 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
EUR/USD Short on 5-Minute Timeframe: Targeting Downtrend After a retracement to the 0.5 Fibonacci level, we are looking for a continuation of the downtrend on the EUR/USD pair. The target is to reach the 1.11000 area, where potential support may emerge. This trade is set on a 5-minute timeframe, aiming to capitalize on short-term bearish momentum. Key Levels: • Entry: Positioned after the retrace to the 0.5 Fibonacci level, near the upper resistance zone, aligning with the anticipated trend continuation. • Target: 1.11000, a key level where support is expected. • Stop-Loss: Placed above the recent high, beyond the 0.5 Fibonacci retracement level, to manage risk if the price reverses. Rationale: The retracement to the 0.5 Fibonacci level offers an ideal entry point for a short position, with the expectation that the downtrend will continue towards the 1.11000 target. The trade plan includes a tight stop-loss for effective risk management while pursuing the downside opportunity. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
Short
by AR33_
1
EUR/USD Trade Idea Update: Full Take Profit AchievedFollowing the break below the Sunday open, the Asian session continued to drive the price downward, successfully hitting our full take-profit target. Key liquidity levels were taken after the pair ranged for two days, providing an ideal setup for our short position. The break of structure signaled a strong entry point, aligning with the rebalancing of price action after Friday’s speech from Powell. Key Levels: • Liquidity Taken: After consolidating between 1.1145 and 1.1185, the pair broke lower, clearing liquidity. • Entry Point: Positioned after the break of structure near 1.1150. • Take Profit Level: Achieved around 1.1100, capitalizing on the continued bearish trend. Congratulations to all who capitalized on this move! Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
by AR33_
3
XAU shows positivity above $2500⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) show a slight downward trend near the $2,500 mark on Monday. However, the potential for further decline may be limited due to growing expectations that the US Federal Reserve will start lowering interest rates in September, which typically supports Gold by reducing the opportunity cost of holding it. Additionally, rising geopolitical tensions in the Middle East and ongoing economic uncertainty are likely to increase demand for the safe-haven asset, supporting Gold prices. However, weak demand in the Chinese economy, the world's largest gold producer and consumer, could weigh on the metal. Later today, the US July Durable Goods Orders are set to be released. This week's key events include the preliminary US GDP for Q2 and the PCE Price Index for July, due on Thursday and Friday, respectively. ⭐️ Personal comments NOVA: Gold prices are still positive after the FED's statements, Gold prices continue to maintain above the 2500 zone, stable in the second session of the week. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2496 - $2494 SL $2489 TP1: $2505 TP2: $2515 TP3: $2530 🔥SELL GOLD zone: $2528 - $2530 SL $2535 TP1: $2520 TP2: $2510 TP3: $2500 ⭐️ 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
XAU officially adjusted! Short term decrease⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) found support during the Asian session on Friday, rebounding from the weekly low hit the day before. The expectation that the Federal Reserve (Fed) will begin cutting interest rates in September is weighing on the US Dollar (USD), despite its recent recovery from a yearly low. This, along with ongoing geopolitical tensions, continues to boost demand for the safe-haven metal. However, gold remains below the $2,500 mark as traders await Fed Chair Jerome Powell's speech at the Jackson Hole Symposium for more clarity on the rate-cut outlook, which could drive the next move. Additionally, developments in Israel-Hamas ceasefire talks will likely influence the short-term direction of XAU/USD, which is on track for modest weekly losses. ⭐️ Personal comments NOVA: Gold makes ATH 2531 correction is required to bring more liquidity, balance buyers and sellers in the market, before receiving the first interest rate cut in September 2024 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2462 - $2460 SL $2457 scalping TP1: $2468 TP2: $2473 TP3: $2480 🔥BUY GOLD zone: $2439 - $2441 SL $2434 TP1: $2450 TP2: $2465 TP3: $2480 🔥SELL GOLD zone: $2500 - $2498 SL $2505 TP1: $2490 TP2: $2480 TP3: $2470 ⭐️ 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
Monday - slight adjustment down XAU ⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) surged to a new record above the $2,500 mark on Friday, supported by several factors. The US Dollar (USD) faced renewed selling pressure, dropping near its lowest level since January, which boosted gold. Additionally, ongoing geopolitical risks from the Middle East conflicts and the prolonged Russia-Ukraine war further lifted the safe-haven metal. On Monday, easing recession fears in the US supported a risk-on sentiment, putting some pressure on gold during the Asian session. Traders are also cautious, waiting for more clarity on the Federal Reserve's (Fed) policy direction before making significant moves. Attention now turns to the release of the FOMC meeting minutes on Wednesday and Fed Chair Jerome Powell's speech at the Jackson Hole Symposium. ⭐️ Personal comments NOVA: Gold has made new progress in the price increase, over 25xx. The possibility of new ATH price zones appearing is very high, in the context of military tension and upcoming interest rate cuts. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2488 - $2490 SL $2485 scalping ( Asian and European trading sessions ) TP1: $2495 TP2: $2502 TP3: $2510 🔥BUY GOLD zone: $2474 - $2476 SL $2469 TP1: $2485 TP2: $2500 TP3: $2510 🔥SELL GOLD zone: $2530 - $2532 SL $2537 TP1: $2520 TP2: $2510 TP3: $2500 ⭐️ 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
10
XAU sideway - accumulation !! under $2400⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices (XAU/USD) attracted buyers during the Asian session on Thursday, breaking a four-day losing streak. Market sentiment remains fragile due to concerns about an economic slowdown in China and a potential US recession. Additionally, ongoing Middle East conflicts continue to boost demand for the safe-haven metal. Friday's weak US employment report for July increased expectations of significant interest rate cuts by the Federal Reserve (Fed), along with a decline in US Treasury bond yields, putting pressure on the US Dollar (USD) and supporting Gold prices. Furthermore, the recent rebound from the 50-day Simple Moving Average (SMA) suggests potential for further appreciation. ⭐️Personal comments NOVA: Gold price is in the sideway price range: 2380 - 2420, buyers and sellers are having high competition in the context of this week not having much important economic data, focus is on concerns that a war in the Middle East may break out. ⭐️SET UP GOLD PRICE: 🔥BUY GOLD zone: $2365 - $2367 SL $2360 TP1: $2375 TP2: $2382 TP3: $2390 🔥SELL GOLD zone: $2418 - $2420 SL $2426 TP1: $2405 TP2: $2398 TP3: $2390 ⭐️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
XAU in bearish range - holding below 2420⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) is facing selling pressure for the fourth consecutive day on Wednesday, but it maintains a position above the weekly low. Recent sharp losses and signs of stability in global equity markets are affecting the appeal of gold as a safe haven. Additionally, slight strength in the US Dollar (USD) is putting more pressure on gold. However, expectations for significant interest rate cuts by the Federal Reserve (Fed), coupled with ongoing recession concerns in the US, may prevent substantial gains for the Dollar. Moreover, worries about an economic slowdown in China and potential geopolitical tensions in the Middle East should continue to support gold prices and reduce the risk of further declines. ⭐️ Personal comments NOVA: Gold price within range decreases H1 - sideway zone waiting for market stabilization within range 2370 - 2420 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2351 - $2353 SL $2346 TP1: $2365 TP2: $2378 TP3: $2385 🔥SELL GOLD zone: $2419 - $2421 SL $2426 TP1: $2410 TP2: $2400 TP3: $2390 ⭐️ 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
Eurusd trading analysis for this weak For this week, the EUR/USD pair is showing mixed signals. The pair experienced upward momentum due to recent data indicating stronger-than-expected economic performance in the Eurozone. However, the Federal Reserve's concerns about potential interest rate hikes are putting downward pressure on the pair. Traders should watch for key economic announcements, such as GDP and employment reports, which could influence the pair's movement. Support is around 1.1000, while resistance is near 1.1150. Monitoring market sentiment and global events that could impact the currency pair is crucial.
Short
by AllBeginner
XAU/USD Short ideas from 2,395 or 2,420 back downThis week, my analysis for gold is to continue following the current trend of shorts. We have observed another break of structure, which has left a promising supply zone on the 10-hour chart. As the market opens, I expect the price to start forming a distribution near the current levels, potentially leading to a bearish reaction from the 3-hour supply zone. Alternatively, the price might break through the current zone and rise to the 10-hour supply, which is a more favorable zone to initiate sells. Once the sell positions are triggered, I will look for my next buy opportunity around the 2,330 mark, where a clean daily demand zone is located. Confluences for GOLD Sells: The price broke structure to the downside, indicating a short-term bearish trend. The price has taken out the all-time highs (ATHs) and enough liquidity, which might lead to a downward cascade. There are new supply zones on the 3-hour and 10-hour charts, which are good points of interest (POIs) for selling. There is significant liquidity to the downside that needs to be taken, such as the Asia lows. P.S. Last week, we saw the price react from the 23-hour zone we had marked, indicating a pullback that supports continued selling. Have a great trading week, and don't forget the Non-Farm Payroll (NFP) report coming this Friday!
OANDA:XAUUSDShort
by Hassan_fx
1