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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
OANDA:XAUUSDShort
by Nova-Scalper
1
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
OANDA:XAUUSDShort
by Nova-Scalper
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
OANDA:XAUUSDShort
by Nova-Scalper
4
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
OANDA:XAUUSDShort
by Nova-Scalper
1
XAU! 11/1 ! Gold price adjustment - NF newsXAU / USD trend forecast November1, 2024 Gold price (XAU/USD) regains some ground on Friday, supported by US election uncertainties and Middle East tensions, which boost demand for the safe-haven asset. However, rising US Treasury yields and a stronger US Dollar may limit gains. Traders now await the US October employment report, with key data on Nonfarm Payrolls, Unemployment Rate, and Average Hourly Earnings. A strong report could reduce expectations for Fed rate cuts, potentially weighing on gold. Gold price adjusted down - market reduced FOMO. Waiting for NF news to officially return to the price range of 2700 - 2720 /// SELL XAU : zone 2769-2772 SL: 2777 TP: 50 - 200 - 300 pips (2742) Safe and profitable trading
OANDA:XAUUSDShort
by Moon-ForexAcademy
1
USDCAD! 10/30 ! Resistance H4 SELL signal USDCAD trend forecast October 30, 2024 The USD/CAD pair continues its upward trend on Tuesday, rising 0.23% to 1.3910, near Monday’s three-month high of 1.3908. The Greenback's strength, coupled with a drop in oil prices, supports this movement. Positive US economic data has fueled expectations for Fed rate cuts in November. September’s JOLTs report was mixed but slightly below forecasts, while August home price indices exceeded expectations, indicating persistent shelter inflation. Resistance H4 - overbought zone. In the context of the falling dollar, inflation cooling down in the US, causing the USD/XXX currency pairs to adjust down. /// SELL USDCAD : zone 1.39300 - 1.39500 SL: 1.39800 TP: 60 - 100 - 250 pips (1.37000) Safe and profitable trading
Short
by Moon-ForexAcademy
2
USD/ JPY ! 10/ 28 ! SELL resistance ! GAP USD/ JPY trend forecast October 28, 2024 The Japanese Yen (JPY) recovers about 50 pips from a three-month low against the USD, though gains are limited amid uncertainty over the Bank of Japan's rate hike plans and the ruling coalition’s recent loss of its parliamentary majority. Additionally, a positive risk sentiment continues to weigh on the safe-haven JPY. At the beginning of the week, the price created a GAP to increase - need to adjust to fill the GAP. There is a slight resistance zone - in the context of not much important news today. /// SELL USDJPY : zone 153.250 - 153.550 SL: 153.850 TP: 60 - 100 - 250 pips (151.050) Safe and profitable trading
Short
by Moon-ForexAcademy
2
XAU ! 10/24 ! Adjustment and price decreaseXAU / USD trend forecast October 24, 2024 Gold price (XAU/USD) rises to the $2,736-$2,737 range during the European session, recovering some losses from the previous day’s pullback from a record high. Ongoing Middle East conflicts and uncertainty around the upcoming US Presidential election on November 5 boost demand for the safe-haven asset. Additionally, a slight dip in the US Dollar from its near three-month high and falling US Treasury yields further support gold's upward movement. Gold price continues to be in the long-term uptrend - however, there needs to be adjustments for the market to stabilize and rebalance. Expected price range 2700 - 2680 in the short term /// SELL XAU : zone 2740-2743 SL: 2748 TP: 50 - 200 - 300 pips (2713) Safe and profitable trading
OANDA:XAUUSDShort
by Moon-ForexAcademy
6
Strong XAU Uptrend! wait ATH 2683⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) pulled back from record highs on Wednesday, dropping to around $2,655 in the European session. A risk-on sentiment and overbought conditions led to profit-taking, while a slight US Dollar uptick added pressure. However, expectations of aggressive Fed policy easing may limit the USD's strength, supporting gold. Geopolitical tensions in the Middle East and US political uncertainty ahead of the November election also help contain gold's downside. Traders await further clues on the Fed's rate-cut path, with attention on FOMC speeches, including Fed Chair Powell's on Thursday, and the US PCE Price Index on Friday. metal. ⭐️ Personal comments NOVA: Still a strong bullish force reaching the all-time highest ATH of 2670. The fomo from the market may continue throughout this week ⭐️ SET UP GOLD PRICE: 🔥 BUY GOLD zone: $2626 - $2628 SL $2620 TP1: $2635 TP2: $2642 TP3: $2650 🔥 SELL GOLD zone: $2683 - $2685 SL $2690 TP1: $2670 TP2: $2655 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 - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
2
Gold price tends to decrease - sellers try to prevail⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices rebounded from multi-day lows on Wednesday but stayed under the $2,500 mark as the US Dollar gained strength. Despite this, ongoing geopolitical tensions and expected Fed rate cuts could support gold in the near term. Later in the day, the release of JOLTS Job Openings and the Fed's Beige Book will be closely watched. Investors are eagerly awaiting Friday's US August Nonfarm Payrolls report, which could influence the Fed's rate decisions in September. A weaker-than-expected report might heighten recession fears and prompt faster rate cuts, potentially boosting gold further as lower rates make it more attractive. ⭐️ Personal comments NOVA: Gold broke 2500, fell back to 2470 after yesterday's PMI news, moving in the short-term H1 downtrend. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2462 - $2460 SL $2455 TP1: $2470 TP2: $2480 TP3: $2490 🔥SELL GOLD zone: $2505 - $2507 SL $2510 scalping TP1: $2500 TP2: $2495 TP3: $2490 🔥SELL GOLD zone: $2513 - $2515 SL $2520 TP1: $2500 TP2: $2485 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
2
XAU correction DOWN - opportunity for $2400⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The US Dollar (USD) strengthens after a recent decline, mainly due to the drop in the Euro currency. This is putting pressure on commodities. Profit-taking and geopolitical tensions may contribute to the downfall of precious metals, but central bank demand should provide some support. ⭐️ Personal comments NOVA: The FOMO from the market has gradually cooled down after much information that the FED will accelerate the process of cutting interest rates by 0.25%. indispensable for stability for the Gold market ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2400 - $2398 SL $2393 TP1: $2408 TP2: $2415 TP3: $2430 🔥BUY GOLD zone: $2415 - $2417 SL $2412 scalping TP1: $2422 TP2: $2428 TP3: $2435 🔥SELL GOLD zone: $2465 - $2467 SL $2472 TP1: $2455 TP2: $2440 TP3: $2430 ⭐️ 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
11
CHFJPY → Trade Analysis | SELL SetupCHFJPY is currently testing a previously broken horizontal support level, which is now likely acting as resistance following the breakout. To confirm the bearish trend, I have observed a horizontal range on the hourly chart and a bearish breach of its support level. Is moving in an ascending channel, move to the resistance level and We expect a decline in the channel after testing the current level. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity CHFJPY I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Short
by TheGrove
3
GBPUSD → Trade Analysis | SELL SetupYou can expect a reaction in the direction of selling from the specified resistance zone GBPUSD moving higher as it tests the strong resistance level.. We expect a bearish move from the confluence zone. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPUSD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Short
by TheGrove
11
PMI !! Will Gold price adjust DOWN?⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is holding steady around the $2,045 mark during the Asian session on Friday. It remains within close reach of a nearly one-month high reached the day before. The release of the US Personal Consumption Expenditures (PCE) Price Index on Thursday showed that annual inflation in January was the lowest in three years. This has raised the possibility of a future interest rate cut by the Federal Reserve (Fed). However, this has not helped the US Dollar (USD) to continue its strong recovery from the 200-day Simple Moving Average (SMA). Instead, it has become a key factor supporting the precious metal. Despite this, a number of influential members of the Federal Open Market Committee (FOMC) have indicated that the central bank is not in a rush to lower interest rates. Additionally, investors believe that the Fed will wait until the June policy meeting before making any changes to borrowing costs. As a result, this supports higher yields on US Treasury bonds and limits the upward movement of gold, which does not generate any yield. Furthermore, the prevailing bullish sentiment in global equity markets is also acting as a deterrent for traders to make new bullish bets on the safe-haven XAU/USD pair. ⭐️ Personal comments NOVA: Gold price continued to benefit from yesterday's US unemployment data. increase to $2050 Zone. Strong resistance zone, in Uptrend ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2032 - $2034 SL $2028 TP1: $2040 TP2: $2045 TP3: $2051 🔥SELL GOLD zone: $2058 - $2060 SL $2065 TP1: $2052 TP2: $2046 TP3: $2040 ⭐️ 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
USDCAD !!! 31/1/24 TREND DOWN ! SELL NOW ⭐️ Smart investment, Strong finance ⭐️ USDCAD INFORMATION: During the early Asian session on Wednesday, the USD/CAD pair ends its four-day losing streak. The recovery of the pair is supported by positive US job openings and consumer confidence data, which contribute to the strengthening of the US dollar (USD). The focus is now on the Federal Reserve (Fed) monetary policy meeting scheduled for Wednesday, where no changes in interest rates are expected. Currently, USD/CAD is trading at 1.3405, showing a 0.04% gain for the day. Unexpectedly, the number of available jobs in the US increased in December to 9.026 million, as reported by the Bureau of Labor Statistics on Tuesday. This marks the first time that job openings have surpassed 9 million since September. In addition, the Conference Board Consumer Confidence index rose to 114.8 in January, compared to the previous reading of 108.0, reaching its highest level in two years. ⭐️ Personal comments NOVA: The long-term price range is still in a DOWN trend, the next bottom is gradually lower than the previous bottom. Touching the trendline sets up a SELL signal. CAD economic data also does not have much important information ⭐️ SET UP PRICE: 🔥SELL USDCAD zone: 1.34200 - 1.34350 SL 1.34800 TP1: 1.33900 TP2: 1.33600 TP3: 1.33300 ⭐️ 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
Short
by Nova-Scalper
4
USD/ CHF !! 1/9/2024 trendline DOWN⭐️ Smart investment, Strong finance ⭐️ News Investors will be looking for guidance from the Swiss Consumer Price Index for December, which is scheduled to be released later today. Analysts expect the annual CPI to indicate a growth of 1.5% compared to the previous reading of 1.4%, while the monthly CPI is predicted to remain unchanged at -0.2%. The main event to watch out for this week will be the release of US inflation data on Thursday. Market participants anticipate that the headline Consumer Price Index (CPI) will show a year-on-year increase of 3.2%, while the Core CPI is projected to decrease from 4% to 3.8% year-on-year. ⭐️ Personal comments NOVA: The price area touching the trendline and touching the EMA is suitable for a SELL signal ⭐️ SET UP USD/CHF PRICE: 🔥SELL zone: 0.84750 - 0.84900 SL 0.85300 TP1: 0.84400 TP2: 0.84100 TP3: 0.83800 ⭐️ 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
Short
by Nova-Scalper
2