GBPJPY TO SELL (GBP Claimant Count Change)Based on the level of resistance, we could see GBPJPY's price to drop as a short. There was claimant count change news for the GBP currency this morning.
Entry: 197.00
Take Profit: 196.5-196.00
Sellsignal
Gold enters a long-term bearish-adjustment cycle⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) adds to last week's heavy losses and remains under some selling pressure for the second successive day on Monday. The US Dollar (USD) holds steady below a four-month peak touched last week in the wake of optimism over Donald Trump's anticipated expansionary policies and turns out to be a key factor undermining the commodity. Furthermore, President-elect Trump has vowed to cut corporate taxes, which remains supportive of the risk-on mood and contributes to driving flows away from the safe-haven precious metal.
Meanwhile, expectations that Trump's policies could spur economic growth and inflation and restrict the Federal Reserve's (Fed) ability to cut interest rates more aggressively keep the US Treasury bond yields elevated. This, in turn, exerts additional pressure on the non-yielding Gold price, though bets for further Fed rate cuts could offer some support. Traders might also opt to move to the sidelines ahead of this week's release of the latest US consumer inflation figures and speeches by influential FOMC members, including Fed Chair Jerome Powell on Friday.
⭐️Personal comments NOVA:
At the end of the year, there is almost no important news to help gold prices increase in 2024. The adjustment at the end of 2024 will cause gold to decrease.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2685 - $2687 SL $2692
TP1: $2678
TP2: $2665
TP3: $2650
🔥BUY GOLD zone: $2666 - $2664 SL $2659
TP1: $2672
TP2: $2680
TP3: $2690
⭐️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
Scalping XAU ! decreasing trend M15SCALPING XAU / USD
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Trump's win has raised questions about whether the US Federal Reserve might slow its pace of rate cuts, supporting the Greenback and pressuring USD-denominated Gold.
"The dollar and yield rally is weighing on gold, as rising real interest rates typically reduce demand for safe-haven assets," said Matthew Jones, precious metals analyst at London’s Solomon Global. "However, from a broader perspective, the outlook remains ‘as good as gold,’” he added.
⭐️Personal comments NOVA:
Trendline M15 - downtrend - break and retest sideway M15 XAU/USD
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2669 - $2671 SL $2674
TP1: $2664
TP2: $2658
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
XAU ! 11/11 ! XAU sideway , wait retest 2681XAU / USD trend forecast November 11, 2024! SCALPING
Gold prices saw their sharpest weekly drop in over five months as the US Dollar strengthened broadly and US Treasury yields surged after Donald Trump's presidential win. The "Trump trade" momentum keeps supporting the Greenback, adding pressure to gold prices for the second day on Monday, with equity markets maintaining a positive outlook.
Gold is still sideways around the price range of 2664 - 2675, waiting for a break and entering orders following the trend. Waiting for the retest range of 2681 to set up a SELL signal.
/// SELL XAU : zone 2681-2684 scalping
SL: 2687
TP: 40 - 80 - 150 pips (2669)
Safe and profitable trading
Is Further Downward Movement Expected in EUR/USD?The EUR/USD pair has recently broken a significant uptrend line and fallen below a crucial horizontal support level on the daily chart. This initial downward movement was triggered by Donald Trump's victory in the US presidential election. His consistent emphasis on prioritising the local economy has led the market to anticipate protective policies aimed at reducing imports, thereby strengthening the Dollar against the Euro.
From a technical perspective, current price action suggests increasing selling pressure, with the pair now approaching a critical support level at 1.0678. Below, we explore two potential scenarios for EUR/USD.
Scenario 1: Retracement to the 1.0780 Region Followed by a Subsequent Decline
Following the break of the uptrend line, the price may experience a pullback to retest the 1.0780 region, which is likely to act as resistance.
This 1.0780 level coincides with a confluence zone formed by the prior trendline and the previously broken horizontal support level, making it a significant area of interest for sellers.
Possible Sell Entry:
If the price exhibits signs of rejection upon reaching 1.0780, this could present an attractive selling opportunity, with initial targets set at the 1.0678 support level and subsequently at the 1.0470 region, as indicated on the chart.
Stop Loss : A protective stop loss could be placed slightly above 1.0830 to safeguard against a false breakout.
Scenario 2: Break Below the 1.0678 Support Level
The 1.0678 support level has been tested multiple times in recent sessions, rendering it a crucial point. A breach below this level would signify a potential continuation of the downward movement over the next few days.
A daily close below 1.0678 could amplify the likelihood of a steeper decline, setting the stage for the next support level around 1.0470.
Possible Short Entry:
If the price breaks below 1.0678, a short entry could be initiated with initial targets at 1.0610, and a final target positioned at the strong support level of 1.0470, which has been significant since October 2023.
Stop Loss : For this scenario, a stop loss could be positioned slightly above 1.0700 to avoid being affected by a false retest of the broken support.
Donald Trump's victory has instigated a downward shift in the Euro's value against the Dollar, and this trend is likely to continue in the coming days. Given that EUR/USD is currently at a critical juncture, both outlined scenarios present viable trading opportunities, contingent upon price action in the forthcoming sessions. Careful monitoring of the 1.0678 and 1.0780 levels will be essential for determining the pair’s future direction and validating potential entry points.
Disclaimer:
74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
Gold continues downtrend - market stability✍️ NOVA hello everyone, Let's comment on gold price next week from 11/11 - 11/15/2024
🔥 World situation:
Gold prices fell on Friday as the US Dollar rebounded, despite a dip in Treasury yields. Traders adjusted their "Trump trade" positions, cautious about tariff uncertainties following Trump’s election win. XAU/USD is down 0.67%, trading at $2,688.
US equities continued to rise, brushing off previous election concerns that had boosted Gold. With political risks easing, the market focus now shifts to Trump's policy plans.
🔥 Identify:
The time when gold is sideways and adjusts down, stabilizing the price in 2024 to a safe zone. In the context that there will be many financial packages to stimulate the global economy in the near future, gold will become less attractive than other financial sectors.
🔥 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: $2710, $2756
Support : $2666, $2645, 2606
🔥 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
XAU! 11/8! Create liquidity for the downtrendXAU / USD trend forecast November 8, 2024
Gold prices rose above $2,700 after the Federal Reserve cut interest rates and noted that US election impacts are unlikely to be immediate. Currently, XAU/USD is trading at $2,704, up over 1.7%.
Wall Street gained further as the Fed unanimously lowered the federal funds rate by 0.25%. In its statement, the Fed pointed to solid economic growth, though labor market conditions have weakened slightly. Officials also observed that inflation is closer to the Fed’s 2% target but remains somewhat elevated.
Long term framework - gold price is still in a downtrend. Market recovered thanks to FED continuing to cut 0.25% as expected. Short term recovery
/// SELL XAU : zone 2719-2722
SL: 2727
TP: 50 - 150 - 300 pips (2692)
/// BUY XAU : zone 2667-2664
SL: 2659
TP: 50 - 150 - 300 pips (2694)
Safe and profitable trading
Gold sideway below 2700 - in DOWN trendSCALPING XAU / USD
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Traders took profits on recent Trump trades, leading to a pullback in the US Dollar from a four-month high and giving a boost to Gold prices on Thursday. The USD continued to ease after the Federal Reserve cut its benchmark interest rate by 25 basis points, bringing it to a target range of 4.50%-4.75%.
⭐️Personal comments NOVA:
sideway in a bearish correction - waiting for the 2700 resistance zone to scalp SELL
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2700 - $2702 SL $2705
TP1: $2694
TP2: $2688
TP3: $2680
⭐️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
FED lowers interest rates! Gold recovers in the short term⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold (XAU/USD) faces challenges building on Thursday’s strong rebound from the 50-day SMA support near $2,643, with some selling pressure emerging in the Asian session on Friday. The US Dollar has regained strength, partly recovering from its recent slide, and a generally optimistic risk tone weighs on the safe-haven appeal of gold.
Meanwhile, the fading “Trump trade” and a lack of hawkish signals from the Federal Reserve keep US Treasury yields lower, potentially limiting USD bullish momentum and offering some support for gold. Traders are now focused on the upcoming Michigan Consumer Sentiment Index and Inflation Expectations for near-term trading cues.
⭐️Personal comments NOVA:
As expected by the market, the FED cut interest rates by 0.25%, bringing positivity and optimism to XAU in the short term. Currently, other financial sectors are starting to become vibrant again, and it will be very difficult for gold to compete. The downtrend will continue
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2727 - $2729 SL $2734
TP1: $2720
TP2: $2710
TP3: $2700
🔥BUY GOLD zone: $2668 - $2670 SL $2663
TP1: $2675
TP2: $2688
TP3: $2700
⭐️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
CADJPY at strong resistance in the Daily chartHistorical context: +60% up since 2020
The CAD/JPY pair has demonstrated a remarkable upward trajectory since March 2020, recording an impressive increase of over 60%. This surge can be partly attributed to Japan's prolonged monetary policy, which maintained negative interest rates while many other countries raised their rates to combat inflation following the pandemic.
Recently, the Bank of Japan signalled a significant shift in its monetary policy, indicating its intention to begin raising interest rates. This development has provided a boost to the Japanese Yen. The current pullback represents the sharpest decline observed since the onset of the uptrend in 2020, potentially signalling a change in market direction. This analysis will delve into the recent price action, loss of key support levels, and critical areas to monitor.
Technical Perspective: Key Indicators
Break Below the 200-Period Moving Average
The recent breach below the 200-period moving average signifies a weakening uptrend. This movement suggests a potential reversal in the prevailing direction, accompanied by increasing selling pressure. The 200-period moving average is often regarded as a critical threshold separating bull markets from bear markets, making a drop below this level particularly significant.
Accelerating Downward Movement
The decline observed between 10 July and 5 August marks the steepest drop in CAD/JPY since 2020. Most notably, this downturn has effectively engulfed all gains made by CAD/JPY over the previous 12 months. The acceleration of this downward movement underscores significant selling interest in the pair.
Fibonacci Analysis and Price Structure
Following the breakout of the SMA200 on the daily chart, the price has retraced to the 50% Fibonacci level of the recent downtrend. The 50% level is often viewed as a critical area of interest that can present opportunities aligned with the primary trend. The confluence of the 50% level with the 200-period moving average marks a pivotal point for sellers at this juncture.
Possible Sell Scenario
Given the breach of the 200-period moving average and the prevailing price structure indicating a potential reversal, a selling opportunity may arise if the pair continues to exhibit weakness.
A sell signal could be triggered if the price breaks below the uptrend line on the daily chart (highlighted in black). Initial targets for this sell-off could include the 23.6% Fibonacci level at 105.7, with an extended target around the 103.00 region.
A stop loss should be established if the price demonstrates a clear breakout above the range defined by the 50% Fibonacci level and the SMA200 on the daily chart, situated around 111.20.
The CAD/JPY pair is beginning to exhibit signs of exhaustion following a prolonged uptrend. The breach below the 200-period moving average and the testing of Fibonacci levels suggest a potential period of correction or reversal ahead. Close monitoring of price action around the 108.229 and 110.258 levels will be crucial in validating any potential short entries.
Disclaimer:
74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
XAU/USD ! 11/8 ! downtrend line / scalping XAU / USD trend forecast November 8, 2024! SCALPING
Gold price (XAU/USD) stays below $2,700 as the European session approaches on Friday, weighed down by a slightly stronger US Dollar (USD) amid optimism that Trump’s policies may boost economic growth and inflation. Additionally, a generally positive risk sentiment is reducing demand for the safe-haven metal, pausing its recent recovery from the 50-day Simple Moving Average (SMA) support, after hitting a three-week low on Thursday.
Still following the downtrend - waiting for trendline and retest 2689, scalping down today
/// SELL XAU : zone 2689-2692 scalping
SL: 2695
TP: 40 - 80 - 150 pips (2677)
Safe and profitable trading
Selling opportunity for XAUUSDHey guys,
Based on the chart we can consider a bearish movement for XAUUSD because we consider a bearish trend line and also a bullish swing has been broken in 15 min timeframe which we consider this as a resistance level for this movement.
The risk reward ratio for this position is 1:3.
Good luck.
Scalping ! XAU ! Trendline Recovery 2678SCALPING XAU / USD
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
The US Federal Reserve’s policy decision on Thursday is in focus, with markets widely anticipating a 25 basis point rate cut, which could support gold by lowering the opportunity cost of holding non-yielding assets.
According to the CME FedWatch Tool, there is a 98.1% chance of this quarter-point cut in November.
⭐️Personal comments NOVA:
Trendline + DOW , Gold price recovered briefly - for the upcoming decline to 2606
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2668 - $2670 SL $2673
TP1: $2665
TP2: $2662
TP3: $2658
⭐️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
Sideway rhythm - recovers and continues to decrease⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold (XAU/USD) continues to decline for a second straight session on Thursday, pressured by a stronger US Dollar following Donald Trump’s election victory.
The reduced demand for safe-haven assets like gold reflects market optimism and a shift towards “Trump trades,” spurred by the clarity of the election outcome, which contrasts with earlier fears of a contested result.
⭐️Personal comments NOVA:
Yesterday's strong sell-off - proving the downward trend in gold prices by the end of 2024. Sideway rhythm - accumulates and continues to decrease to lower levels: 2606
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2678 - $2680 SL $2685
TP1: $2670
TP2: $2660
TP3: $2650
🔥BUY GOLD zone: $2645 - $2643 SL $2640 scalping
TP1: $2650
TP2: $2658
TP3: $2670
🔥BUY GOLD zone: $2606 - $2604 SL $2599
TP1: $2620
TP2: $2635
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
Gold price drops - stabilizes by the end of 2024XAU / USD trend forecast November 7, 2024
Gold dropped to a three-week low below $2,700 per ounce on Wednesday following the 2024 US Presidential election, with former President Donald Trump’s win strengthening the US Dollar and Treasury yields. XAU/USD saw a decline of over 2.5%, trading around $2,667 at the latest.
Market uncertainty has eased, as Trump’s victory was more decisive than anticipated. Additionally, the Republican party secured majorities in both the Senate and the House of Representatives, completing a “red sweep.”
Gold price dropped sharply to 2644, strong downtrend. Still in the upcoming downtrend, ending the price increase cycle of previous months.
/// SELL XAU : zone 2682-2685
SL: 2690
TP: 50 - 150 - 300 pips (2655)
Safe and profitable trading
GBPUSD sell opportunityHey guys,
Based on the chart we can clearly notice a false breakout on the price which support the yesterday scenario of strength of US dollar.
So as we can open a sell position to the targets on the chart.
Good luck
GBP/USD ! 11/7 ! sideway price zone - resistance signal SELLGBP/USD trend forecast November 7, 2024
The GBP/USD pair finds support during the Asian session on Thursday, moving up from its mid-August low near the 1.2830 area touched the day before. Spot prices now aim to sustain momentum above the 1.2900 level as focus turns to significant central bank events.
The Bank of England (BoE) is expected to announce a rate cut today, its second this year, in response to slowing inflation. However, expectations that UK Finance Minister Rachel Reeves' upcoming budget could boost inflation, potentially slowing future BoE rate cuts, help support the British Pound. A slight dip in the US Dollar also contributes to GBP/USD gains.
Against the backdrop of a rising dollar - GBP is not much changed. sideways and slightly down
/// SELL GBP/USD : zone 1.29520 - 1.29720
SL: 1.30100
TP: 60 - 120 - 250 pips (1.27220)
Safe and profitable trading
Downtrend continues - GOLD slows down⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold (XAU/USD) faces heavy selling pressure heading into Wednesday’s European session, dropping to near $2,700, marking a nearly three-week low. With Republican nominee Donald Trump leading the US presidential race and likely to become the 47th president, the US Dollar is seeing a strong rally, spurring sell-offs in gold.
Concerns over deficit spending and expectations for a less aggressive rate cut from the Federal Reserve are also driving US Treasury yields higher, diverting interest from the non-yielding gold. Additionally, a risk-on mood—shown by a strong rally in US equity futures—suggests a downward trend may continue for XAU/USD.
⭐️Personal comments NOVA:
The election results pushed gold prices back to the support price range of 2700, a recovery in correction mode. Still maintaining the upcoming gold support zone: 2700 - 2680
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2748 - $2750 SL $2755
TP1: $2740
TP2: $2725
TP3: $2715
note scalping support: 2713
🔥BUY GOLD zone: $2700 - $2702 SL $2695
TP1: $2708
TP2: $2715
TP3: $2730
⭐️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
XAU! 11/6! Gold price down - soon to $2700XAU / USD trend forecast November 6, 2024
Gold price (XAU/USD) struggles to build on Tuesday's rebound from the $2,725-2,724 region, hovering between small gains and losses in Wednesday's Asian session. Rising demand for the US Dollar, fueled by exit polls showing Donald Trump leading in key swing states, poses a challenge for gold. Additionally, a strong rise in US Treasury yields and a risk-on market mood put further pressure on the non-yielding metal. However, expectations of heightened volatility around the US election results prevent traders from taking strong bearish positions, which should help contain any significant downside for gold.
After clearing the liquidity of the 2748-2750 price range, the gold price is still moving in the 2730-2745 price range. The election results will create a positive and optimistic financial market. The gold price cools down - drops to 2700
/// SELL XAU : zone 2742-2745
SL: 2750
TP: 50 - 150 - 300 pips (2715)
Safe and profitable trading
XAUUSD in sellers control!Hey guys,
Based on the chart, a major support area is broken and market is in bear’s control.
The current movement is considered as pull back and because of the weakness on buyers, we considered a good opportunity for opening a sell position with a good risk reward ratio 1:3.
Short-term recovery for a stronger downward correction⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold (XAU/USD) sees new selling pressure during Tuesday’s Asian session, dipping to over a one-week low near $2,725-2,724, though the downside appears limited. The uncertainty around the tight US presidential election and potential escalation of Middle East tensions could keep supporting this safe-haven asset.
Additionally, the unwinding of "Trump trades" and expectations that the Federal Reserve may cut rates further due to a slowing US labor market have pushed US Treasury yields lower. This has prevented the US Dollar from extending its overnight recovery and may continue to limit any significant pullback in Gold prices.
⭐️Personal comments NOVA:
The downward adjustment trend still maintains the H1 and H4 frames. If you want a stronger decrease - a short-term recovery in the downtrend in the price range 2747 - 2761 is more expected. Current selling volume is slowing down due to support zones blocking it
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2748 - $2750 SL $2753 scalping
TP1: $2743
TP2: $2737
TP3: $2730
🔥SELL GOLD zone: $2762 - $2764 SL $2769
TP1: $2750
TP2: $2730
TP3: $2717
🔥BUY GOLD zone: $2716 - $2714 SL $2709
TP1: $2725
TP2: $2732
TP3: $2740
⭐️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
Adjustment - gold price drops! Waiting for the new US president⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold (XAU/USD) remains positive on Monday as US election risks and Middle East tensions continue to support the safe-haven asset. However, stronger demand for the Greenback and rising US bond yields could limit Gold’s gains, as higher yields make non-yielding assets like Gold less appealing.
Investors are focused on Tuesday's US presidential election, with the market’s attention shifting to the Federal Reserve’s rate decision on Thursday. Given the election uncertainty, it’s anticipated that the Fed will opt for a standard 25 basis point rate cut, rather than a larger half-point easing.
⭐️Personal comments NOVA:
Gold price officially decreased - legalized adjustment with the US presidential election. The US economy will have a new breeze - boosting the economy and other investment areas. Gold will wait for the next interest rate information
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2757 - $2759 SL $2762 scalping
TP1: $2750
TP2: $2740
TP3: $2730
🔥SELL GOLD zone: $2771 - $2773 SL $2778
TP1: $2765
TP2: $2750
TP3: $2740
🔥BUY GOLD zone: $2717 - $2715 SL $2710
TP1: $2725
TP2: $2732
TP3: $2740
⭐️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
XAU / USD ! 11/4! Downtrend - correction continuesXAU / USD trend forecast November 4, 2024
Gold price (XAU/USD) sees modest gains around $2,740 during early Asian trading on Monday, breaking a two-day losing streak. Safe-haven demand for gold may rise due to uncertainties surrounding the US presidential election and Middle East tensions. The upcoming US presidential election on Tuesday is a key focus this week. Analysts at JPMorgan suggest that any decline in gold prices, regardless of the election results, could be a buying opportunity.
Gold price continues downtrend H1 - waiting for the US presidential election move and the decision to lower interest rates or not in November 2024
/// SELL XAU : zone 2747-2750
SL: 2755
TP: 50 - 120 - 200 pips (2730)
/// BUY XAU : zone 2717-2714
SL: 2709
TP: 50 - 120 - 200 pips (2734)
Safe and profitable trading
