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XAU ! Scalping sideway zone below 2650SCALPING XAU / USD ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Expectations for rate cuts remained largely unchanged after the US Department of Labor (DoL) reported that Initial Jobless Claims increased to 224K for the week ending November 29, up from the previous week's 215K. Meanwhile, the benchmark 10-year US Treasury yield remains near its lowest point since October 22, keeping the US Dollar subdued at multi-week lows and providing added support for the precious metal. ⭐️Personal comments NOVA: Scalping the sideway price range of the European Friday session (2633 - 2650). The main trend is still down, SELL SIGNAL ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2650 - $2652 SL $2655 scalping TP1: $2645 TP2: $2640 TP3: $2630 ⭐️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
OANDA:XAUUSDShort
by Nova-Scalper
2
NF - Witness the clear trend! below $2600⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: The upcoming US jobs report will play a crucial role in shaping the Federal Reserve's (Fed) monetary policy decision later this month, influencing the US Dollar (USD) and impacting Gold prices. Meanwhile, optimism that the Fed will approach rate cuts cautiously, amid concerns that President-elect Donald Trump's policies may spur inflation, continues to weigh on XAU/USD. ⭐️Personal comments NOVA: Price dispute: bulls and bears are strong in the Asian session, NF will legitimize the price with a strong discount, personal opinion based on the economic context at the end of 2024 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2687 - $2689 SL $2694 TP1: $2675 TP2: $2660 TP3: $2650 🔥SELL GOLD zone: $2655 - $2657 SL $2660 scalping ( Applies to the Asia-Europe session ) TP1: $2648 TP2: $2640 TP3: $2630 🔥BUY GOLD zone: $2587 - $2585 SL $2580 TP1: $2592 TP2: $2600 TP3: $2610 ⭐️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
OANDA:XAUUSDShort
by Nova-Scalper
1
SIDEWAY - big changes are waiting ahead ! XAU ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold price (XAU/USD) edges lower during Thursday's Asian session but remains within its recent trading range as mixed signals keep traders cautious. Hawkish comments from FOMC members, including Federal Reserve (Fed) Chair Jerome Powell, have reinforced expectations that the Fed will adopt a cautious approach to rate cuts. This has led to a modest rebound in US Treasury bond yields from their lowest levels in over a month, putting pressure on the non-yielding gold price. ⭐️Personal comments NOVA: Unemployment news today - gold price will continue sideways waiting for NF data tomorrow, price range 2605; 2665 will be noticed in the sideway price zone ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2665 - $2667 SL $2672 TP1: $2655 TP2: $2640 TP3: $2630 🔥BUY GOLD zone: $2622 - $2624 SL $2617 TP1: $2630 TP2: $2640 TP3: $2650 ⭐️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
OANDA:XAUUSDShort
by Nova-Scalper
7
XAU SCALPING ! Resistance 2655 SELL sideway zone SCALPING XAU / USD ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Anticipation of a less dovish Federal Reserve (Fed) has sparked a slight rebound in US Treasury bond yields, limiting gains for the non-yielding Gold price. Remarks from several FOMC members, including Fed Chair Jerome Powell on Wednesday, indicate the Fed is likely to proceed cautiously with rate cuts. This encourages traders to exercise caution before making significant moves on XAU/USD, as attention shifts to the upcoming US Nonfarm Payrolls (NFP) report on Friday. ⭐️Personal comments NOVA: Gold price is still as predicted SIDEWAY, waiting for resistance at 2655 can SELL SCALPING M30 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2654 - $2656 SL $2659 scalping TP1: $2650 TP2: $2645 TP3: $2640 ⭐️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
OANDA:XAUUSDShort
by Nova-Scalper
3
ADP-NF Is there a chance for gold price to drop to 2605?⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Expectations that the Federal Reserve will take a cautious approach to rate cuts, driven by concerns that President-elect Donald Trump's policies could fuel inflation, are supporting a slight rise in US Treasury yields. This provides some strength to the US Dollar (USD) and may pose a challenge for Gold prices. However, XAU/USD remains supported by ongoing geopolitical tensions, uncertainty around Trump's trade tariffs, and fears of a potential second wave of global trade wars. Traders are now awaiting the US ADP private-sector employment report and the ISM Services PMI for fresh direction in the market. ⭐️Personal comments NOVA: Gold price narrows sideway zone 2640-2655, about to break the accumulation zone with ADP NF data this week ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2664 - $2666 SL $2669 scalping TP1: $2658 TP2: $2650 TP3: $2640 🔥SELL GOLD zone: $2688 - $2690 SL $2695 TP1: $2680 TP2: $2670 TP3: $2660 🔥BUY GOLD zone: $2606 - $2604 SL $2599 TP1: $2615 TP2: $2628 TP3: $2635 ⭐️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
OANDA:XAUUSDShort
by Nova-Scalper
1
Accumulation - bulls and bears dispute ! XAU sideway ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Atlanta Fed President Raphael Bostic shared his views, expressing uncertainty about the need for a rate cut this month but supporting the idea of further reductions in the coming months. He emphasized that interest rates should reach a neutral level that neither stimulates nor restricts economic growth, noting that he remains open to all options. Meanwhile, the CME FedWatch Tool indicates a 63% probability of a 25-basis-point rate cut, slightly lower than the 66% seen last Friday, suggesting the December 17-18 meeting will be a closely watched event. ⭐️Personal comments NOVA: The sideway price range 2605 - 2666 will continue, with more accumulation waiting for NF news this week. ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2649 - $2651 SL $2654 scalping TP1: $2645 TP2: $2638 TP3: $2630 🔥SELL GOLD zone: $2666 - $2668 SL $2673 TP1: $2658 TP2: $2645 TP3: $2630 🔥BUY GOLD zone: $2617 - $2615 SL $2610 TP1: $2625 TP2: $2632 TP3: $2640 ⭐️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
OANDA:XAUUSDShort
by Nova-Scalper
4
CADJPYHere is our view on CADJPY . Potential short opportunity. CADJPY has been following the downtrend for quite some time now. After its pullback to 107.100 the H4 is turning bearish again. After considering this we might continue following the trend and target lower levels such as 105.400 and 104.780 where our TP (Take Profit) is sitting at. If we break above our SL (Stop Loss) sitting at 107.485 we might visit higher prices. Our entry is at market price (current) sitting at 106.665 . PARAMETERS - Entry: 106.665 - SL: 107.485 - TP: 104.780 KEY NOTES - CADJPY is in a downtrend. - CADJPY has made its pullback to 107.100. - Breaks above our SL (Stop Loss) would result in higher prices and possible reverses. Happy trading! FxPocket
Short
by FxPocket
The bears have great selling pressure - the trend is DOWN⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices rose late in the North American session on Friday, gaining 0.67%, though still poised for a monthly loss of over 3%. Geopolitical uncertainty continues to influence the market, with the non-yielding metal fluctuating near $2,600. Currently, XAU/USD trades at $2,652 after touching a daily low of $2,634. Tensions in the Middle East eased following a ceasefire agreement between Israel and Lebanon. However, both sides later accused each other of breaching the terms of the truce. ⭐️Personal comments NOVA: If there are no surprises - war news breaks out, the gold price will return to its real value below 2600 by the end of 2024. The long-term technical chart is also supporting this ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2657 - $2659 SL $2664 TP1: $2650 TP2: $2640 TP3: $2630 🔥BUY GOLD zone: $2607 - $2605 SL $2600 TP1: $2615 TP2: $2630 TP3: $2645 ⭐️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
OANDA:XAUUSDShort
by Nova-Scalper
5
GBP/USD Analysis: Potential Bearish SetupThe GBP/USD pair is showing signs of a bearish continuation within a well-defined descending channel on the 4-hour timeframe. Price is currently testing the upper boundary of the channel, aligning with a potential reversal zone. Resistance Zone: Price is rejecting near the 1.2875 level, which corresponds to the channel's upper boundary and a potential supply area. Bearish Divergence: The RSI shows signs of exhaustion near the overbought territory, hinting at a possible shift in momentum to the downside. The overall trend remains bearish, and as long as price stays within the channel, the bearish bias will likely prevail. Monitor price action closely for confirmation of the reversal!
Short
by Charts_M7M
Scalping! Gold price recovers in the short term to 2648SCALPING XAU / USD ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices (XAU/USD) remain under pressure during the early European session on Monday, trading near $2,630, at the lower end of the day's range. The US Dollar (USD) rebounds sharply from a nearly three-week low, supported by a rise in US Treasury yields, adding downward pressure on the precious metal. Additionally, expectations that President-elect Donald Trump's proposed tariffs and expansionary policies will drive inflation higher, potentially prompting the Federal Reserve (Fed) to halt further rate cuts, further weigh on gold. However, concerns over trade tensions, geopolitical uncertainties, and a cautious market sentiment may help limit losses for the safe-haven XAU/USD as investors await key US economic data releases later this week. ⭐️Personal comments NOVA: Gold price has recovered - continuing sideways, scalping the liquidity zone 2648 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2648 - $2650 SL $2653 TP1: $2644 TP2: $2638 TP3: $2630 ⭐️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
OANDA:XAUUSDShort
by Nova-Scalper
2
Accumulate - gold price will continue to FALL✍️ NOVA hello everyone, Let's comment on gold price next week from 12/02 - 12/06/2024 🔥 World situation: Gold prices edged higher late in the North American session on Friday, gaining 0.67%, though still on track for a monthly decline of over 3%. Geopolitical concerns continue to influence market movements, with the non-yielding metal hovering near $2,600. XAU/USD is currently trading at $2,652, rebounding from a daily low of $2,634. Tensions in the Middle East eased slightly after Israel and Lebanon reached a ceasefire agreement. However, both nations have since accused each other of breaching the terms of the deal. 🔥 Identify: Gold price is still accumulating, sideways below 2680, moving within 2 H4 trendlines. In the context of the end of 2024, profit taking by investors will take place, gold price will continue to be under selling pressure. 🔥 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: $2680, $2720, 2755 Support : $2607, $2584, $2540 🔥 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
Gold price moves up trendline - short term⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices (XAU/USD) gain momentum on Friday, reaching a four-day high near $2,662 during the Asian session. Heightened geopolitical tensions and trade war concerns continue to fuel demand for the safe-haven metal. Additionally, expectations of another Federal Reserve (Fed) rate cut in December and a drop in US Treasury yields further support gold's appeal. Meanwhile, the likelihood of additional Fed rate cuts has pressured the US Dollar (USD) to a two-week low, boosting gold demand. However, hopes that President-elect Donald Trump's policies will spur inflation and indications of stalled progress in reducing US inflation could make the Fed cautious about further easing. This may limit USD losses and keep a lid on XAU/USD's gains. ⭐️Personal comments NOVA: H1 frame moves in 2 uptrend lines, gold price moves mainly sideways below the price range of 2700 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2670 - $2672 SL $2675 scalping TP1: $2665 TP2: $2658 TP3: $2650 🔥SELL GOLD zone: $2688 - $2690 SL $2695 TP1: $2680 TP2: $2670 TP3: $2660 🔥BUY GOLD zone: $2640 - $2638 SL $2633 TP1: $2650 TP2: $2660 TP3: $2672 ⭐️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
OANDA:XAUUSDShort
by Nova-Scalper
1
Bitcoin Short Signal | PRZ and Head & Shoulders Confirmation!🔹 Entry (Stop Sell): $96,900 🔹 Take Profit (TP): $90,740 🔹 Stop Loss (SL): $98,900 ✨ As mentioned in the previous analysis, Bitcoin has completely filled the FVG at $96,500 and is now reacting to a 4H Order Block near the $98,400 level. The key highlight here is the confluence with a descending trendline, which previously acted as support but has now turned into strong resistance. 🔍 This critical intersection has created a PRZ (Potential Reversal Zone), increasing the likelihood of a rejection. Furthermore, it appears that Bitcoin is forming a Head & Shoulders reversal pattern on the 4H timeframe. This pattern provides an additional confirmation for the bearish rejection from the Order Block. 🎯 Targets: If the short position is triggered, the first target is $90,740. Breaking this level could lead to further downside. ⚠️ The confluence of the PRZ, Order Block, descending trendline, and Head & Shoulders pattern makes this a high-confidence short opportunity.
Short
by arzdigitalistha
Gold trend! continued decrease ! sideway⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices (XAU/USD) continue to decline during Thursday's Asian session, following the previous day’s pullback from the $2,658 level. Strong US economic data released on Wednesday, along with limited progress in reducing inflation, suggest that the Federal Reserve (Fed) may approach further rate cuts cautiously. This outlook has driven a slight rebound in US Treasury yields and bolstered US Dollar demand, putting pressure on the non-yielding precious metal. However, markets are still largely expecting a 25 basis point (bps) rate cut by the Fed in December. Additionally, US President-elect's tariff threats have sparked concerns over a potential trade war that could harm global economic growth. Combined with ongoing geopolitical risks from the Russia-Ukraine conflict, these factors are helping Gold maintain support above the $2,600 level. ⭐️Personal comments NOVA: Selling pressure continues - target returns to 2605 area, bank holiday gold price mainly sideways and decreases slightly ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2633 - $2635.5 SL $2639 scalping TP1: $2625 TP2: $2612 TP3: $2605 🔥SELL GOLD zone: $2657 - $2659 SL $2664 TP1: $2650 TP2: $2640 TP3: $2630 🔥BUY GOLD zone: $2605 - $2603 SL $2598 TP1: $2615 TP2: $2622 TP3: $2630 ⭐️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
OANDA:XAUUSDShort
by Nova-Scalper
3
XAU ! Scalping , trade under 2700 ! The bears will prevailSCALPING XAU / USD ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: US President-elect Donald Trump's promise to impose tariffs on imports from Canada, Mexico, and China sparked renewed safe-haven demand for Gold. Meanwhile, Ukraine reported its largest Russian drone attack to date, alongside reports of Russia using a hypersonic missile last week and advancing at its quickest pace since the 2022 invasion. Allegations of North Korean troops being deployed in Ukraine further complicate the situation, while Ukraine's strikes on deep Russian targets using Western-supplied missiles increase the risk of further conflict escalation. ⭐️Personal comments NOVA: Gold price is recovering. If it breaks through 2662, the buying force will still be strong and will wait for a stronger resistance area at 2688. ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2688 - $2690 SL $2693 TP1: $2680 TP2: $2670 TP3: $2660 ⭐️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
OANDA:XAUUSDShort
by Nova-Scalper
2
FVG Rejection: Bitcoin Sell Opportunity at 96,500!📍 FVG Resistance: 96,500 Price has reached the Fair Value Gap (FVG) at 96,500, which could act as a resistance level. 📉 Reversal Patterns: If patterns like Double Top or Bearish Engulfing form at this level, the sell signal is confirmed. 🎯 Sell Targets: First target: 90,000 Second target: 87,000 🔴 Stop Loss: Above 99,800 ✅ Conclusion: If price rejects at 96,500 and reversal patterns form, enter the sell trade.
Short
by arzdigitalistha
3
Rebound 2661 - still moving DOWN! XAU⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold’s decline was limited by the escalating Ukraine-Russia conflict, which helped XAU/USD hold above the $2,600 per ounce level, despite the Greenback regaining some strength. On the data front, the US Conference Board's Consumer Confidence for November came in stronger than both expectations and October's figures. Looking ahead, key US economic reports this week include Durable Goods Orders, Initial Jobless Claims, and the Fed’s preferred inflation measure, the Personal Consumption Expenditures (PCE) Price Index. ⭐️Personal comments NOVA: H1 frame shows signs of Gold breaking the rising trend, expected to recover to the 2662 area then follow the main trend DOWN by the end of 2024 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2661 - $2663 SL $2668 TP1: $2650 TP2: $2640 TP3: $2630 🔥BUY GOLD zone: $2607 - $2605 SL $2602 scalping TP1: $2612 TP2: $2618 TP3: $2625 🔥BUY GOLD zone: $2582 - $2580 SL $2575 TP1: $2590 TP2: $2600 TP3: $2610 ⭐️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
OANDA:XAUUSDShort
by Nova-Scalper
4
The bears are strong at the end of the year! H1 downtrend⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold (XAU/USD) dropped over 3% on Monday, wiping out much of last week’s strong rally, which had marked its best performance since March 2023. The decline was driven by Scott Bessent's nomination as US Treasury Secretary and reports suggesting Israel was nearing a ceasefire with Hezbollah in Lebanon, sparking a global risk-on sentiment. This overshadowed slight weakness in the US Dollar and pressured the precious metal. However, the decline paused near the $2,600 level during the Asian session on Tuesday as renewed safe-haven demand emerged following President-elect Donald Trump’s tariff threats. Even so, expectations of a less dovish Federal Reserve, rising US Treasury yields, and renewed USD strength may limit gold’s recovery. Traders now await the release of the FOMC meeting minutes for further direction. ⭐️Personal comments NOVA: The combination of many factors causes gold prices to almost certainly continue to decline: Fibo H1, seller liquidity, touching EMA, trendline H1 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2646 - $2648 SL $2651 scalping TP1: $2640 TP2: $2630 TP3: $2620 🔥SELL GOLD zone: $2688 - $2690 SL $2695 TP1: $2675 TP2: $2660 TP3: $2650 🔥BUY GOLD zone: $2607 - $2605 SL $2600 TP1: $2615 TP2: $2622 TP3: $2630 ⭐️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
OANDA:XAUUSDShort
by Nova-Scalper
3
XAU sideway - in DOWN range below zone 2646SCALPING XAU / USD ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Optimism surrounding Scott Bessent's nomination as US Treasury Secretary and progress on the Israel-Hezbollah ceasefire agreement put significant pressure on gold prices at the start of the week. Expectations that Bessent will adopt a gradual approach to tariffs to address the budget deficit drove a sharp decline in US Treasury bond yields, further weakening the US Dollar. ⭐️Personal comments NOVA: Gold moves sideways, stuck in the 2600 - 2646 range, still in a downtrend ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2630 - $2632 SL $2635 TP1: $2620 TP2: $2610 TP3: $2600 ⭐️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
OANDA:XAUUSDShort
by Nova-Scalper
1
DOW formation - DOWN trendXAU / USD trend forecast November 26, 2024 Gold prices (XAU/USD) plunged during Monday’s North American session following reports of a ceasefire agreement between Lebanon and Israel, which bolstered demand for riskier assets. Coupled with the announcement of Scott Bessent as the Treasury Secretary in Trump’s administration, this added further pressure on the yellow metal. XAU/USD is currently trading at $2,620, marking a drop of over 3%. The shift in risk sentiment has been a key factor driving Gold’s decline. The metal has broken below the 50-day Simple Moving Average (SMA) at $2,664, paving the way for potential further losses. Gold maintains price range below 2700 after ending short-term recovery - DOW wave 5 bar h1 frame /// SELL XAU : zone 2649-2652 SL: 2657 TP: 50 - 150 - 300pips (2622) Safe and profitable trading
OANDA:XAUUSDShort
by Moon-ForexAcademy
1
S&P500 (SPY) Hits Target #2 Today!Traders, though we've still got a ways to go to our final target of 670-700 on the SPY, it is worth celebrating our direct hit of 600 today. I remember a year ago drawing out 563 as a first target for our blow-off top and I was laughed at. Bears were in their mood and hungry. They wanted more blood. But a combo of our Elliot Wave and a daily inverse head and shoulders showed us exactly where we would hit. Then I spotted this nice cup and handle on the weekly. If you remember, it was almost invalidated with that China carry trade flash crash. But I stood my ground and stated that we would need to see another weekly open and close below our neckline before the bet was off. That did not happen and we are well on our way to that 670-700 final target. However, before we get there, I do believe our 600 level on the charts will provide some psychological resistance. Admittedly, this was more of a guess than anything when I had drawn it up and placed it on my chart several weeks ago. But now, we are seeing overbought conditions on both the daily and weekly charts. Are we a bit over-heated? I think we may be and should be prepared to see a bit of a drop, or at least a week or so of sideways price action, before we break 600. Unlike my first target at which I sold and buy the carry trade dip for massive profit, I don't know that I will be selling here. 600, as I stated already, was more of a guess than anything. But I am pretty decent at making these guesses. Experience and lots of psychology and chart study has taught me. Before I get ahead of myself though, let's watch and see what the market decides to do next week. ✌️ Stew
AMEX:SPY
by stewdamus
1
Gold sideways below 2700 price zone ! Scalping XAU / USD trend forecast November 25, 2024 ! SCALPING Gold prices (XAU/USD) remain under significant selling pressure during the early European session on Monday, though they manage to stay above the $2,650 mark and hold support at the 100-period Simple Moving Average (SMA) on the 4-hour chart. The nomination of Scott Bessent as US Treasury Secretary has removed a key source of uncertainty for the markets. Additionally, reports suggesting that Israel is nearing a ceasefire agreement with Hezbollah in Lebanon have bolstered investor confidence, reducing demand for the safe-haven yellow metal. Monday gold price is under a lot of selling pressure below $2700, sideways and accumulating below this price range /// SELL XAU : zone 2685-2688 SL: 2691 TP: 40 - 80 - 150 pips (2673) Safe and profitable trading
OANDA:XAUUSDShort
by Moon-ForexAcademy
3