SCALPING XAU ! Gold sideway trend DOWN⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
The US central bank indicated last week that it plans to ease the pace of interest rate cuts in 2025. This supports elevated US Treasury yields, helping the US Dollar (USD) maintain its strength near a two-year high, which limits gains for the non-yielding Gold price. With trading volumes thin, it seems wise to wait for sustained buying momentum before anticipating a continued recovery from the one-month low reached last week.
⭐️Personal comments NOVA:
Gold sideways price range 2610-2620, H1 trendline downtrend
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2618 - $2620 SL $2623 scalping
TP1: $2614
TP2: $2608
TP3: $2602
⭐️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
Sellxauusd
Bears dominate - gold selling pressure below 2600⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Thursday's US economic data revealed a decline in unemployment claims, while the final Q3 GDP report from the Bureau of Economic Analysis confirmed 3.1% year-over-year growth.
Despite these figures, market attention remains focused on projections for 2025. The Federal Reserve (Fed), led by Chair Jerome Powell, reduced interest rates by 25 basis points, though the decision was not unanimous, with Cleveland Fed's Beth Hammack dissenting in favor of maintaining current rates.
Fed officials have also shifted focus to inflation, as reflected in the dot plot. Their projections indicate two 25-basis-point rate cuts in 2025 and another two in 2026.
⭐️Personal comments NOVA:
Strong Bearish Trend - Pressure on Market Maintains Around 2600
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2626 - $2628 SL $2633
TP1: $2620
TP2: $2610
TP3: $2600
🔥BUY GOLD zone: $2576 - $2574 SL $2569
TP1: $2582
TP2: $2590
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
Accumulated gold - information about interest rates is comming ⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) inch higher during Tuesday's Asian session but struggle to sustain momentum, hovering near the one-week low reached on Monday. Market participants remain cautious, awaiting the conclusion of the Federal Reserve's two-day meeting on Wednesday before making new directional moves.
Attention will center on the Fed's policy statement, the updated dot plot, and remarks from Chair Jerome Powell during the post-meeting press conference. Investors are keen for insights into the future path of rate cuts, which could influence the US Dollar (USD) and provide clearer direction for gold prices.
⭐️Personal comments NOVA:
The market is currently waiting for important information to lower interest rates tomorrow. The positivity will return when it reduces another 0.25 points tomorrow.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2678 - $2680 SL $2685
TP1: $2670
TP2: $2660
TP3: $2650
🔥SELL GOLD zone: $2663 - $2665 SL $2668 scalping
TP1: $2655
TP2: $2640
TP3: $2630
🔥BUY GOLD zone: $2626 - $2624 SL $2619
TP1: $2635
TP2: $2648
TP3: $2655
⭐️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 ! retest 2646 entry SELL SCALPING XAU / USD
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Monday’s data revealed that a significant portion of the US economy grew at its fastest pace in over three years. The S&P Global flash US Services PMI climbed from 56.1 to 58.5 in December, marking a 38-month high.
Additionally, the Composite PMI rose to 56.6 in December, up from 54.9 in November, reaching its highest level in 33 months. This strong performance overshadowed a decline in the flash US Manufacturing PMI, which fell to a three-month low of 48.3. The data reinforced expectations that the Federal Reserve may take a less dovish approach moving forward.
⭐️Personal comments NOVA:
Bears dominate - short-term selling pressure before the US session, waiting for a retest of the SELL entry
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2645 - $2647 SL $2650 scalping
TP1: $2640
TP2: $2635
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
XAU / USD ! Scalping in an uptrend ! support 2702SCALPING XAU / USD
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold (XAU/USD) pauses its advance on Wednesday after gaining approximately 2.5% over the last three sessions. The metal faces resistance near the $2,700 level during early Asian trading, as investors show caution ahead of the US Consumer Price Index (CPI) report due at 13:30 GMT.
US inflation is expected to remain elevated in November, with headline figures ticking higher. While this data is unlikely to prevent the Federal Reserve (Fed) from implementing a 25-basis-point rate cut next week, it could signal a more measured approach to rate cuts moving into 2025.
⭐️Personal comments NOVA:
The uptrend is still continuing, it is possible to scalp the old resistance price area this morning at 2702
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2702 - $2704 SL $2707 scalping
TP1: $2697
TP2: $2692
TP3: $2685
⭐️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 / USD ! Resistance 2655SCALPING XAU / USD
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Political unrest in South Korea, geopolitical tensions, and trade war concerns lend support to the safe-haven Gold price. However, modest strength in the US Dollar (USD), fueled by expectations that the Federal Reserve (Fed) may take a less dovish approach due to speculation that President-elect Donald Trump's policies could drive inflation higher, limits further gains for XAU/USD. Additionally, traders appear cautious, likely holding off on significant moves ahead of this week’s upcoming US consumer inflation data release.
⭐️Personal comments NOVA:
Maintaining the sideway price range - scalping the 2655 resistance zone
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2655 - $2657 SL $2660 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
XAU continue SIDEWAY ! long term accumulation ! under 2700✍️ NOVA hello everyone, Let's comment on gold price next week from 12/09 - 12/13/2024
🔥 World situation:
Gold price (XAU/USD) dipped below $2,630 during North American trading on Friday following the release of the US Nonfarm Payrolls (NFP) data for November. The decline came as the labor market report revealed stronger-than-expected hiring, with 227K new jobs added compared to the forecast of 200K. The Unemployment Rate aligned with expectations, rising to 4.2%.
Steady labor market growth has reinforced expectations for the Federal Reserve (Fed) to implement another rate cut in December. According to the CME FedWatch Tool, the likelihood of a 25-basis-point (bps) rate cut to 4.25%-4.50% this month has climbed to 87%, up from 71% on December 5.
🔥 Identify:
NF data makes gold price continue sideways - no trend break. High price zone ends in 2024. Will continue sideways price zone 2605 - 2688
🔥 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: $2655, $2666, 2688
Support : $2622, $2605, $2587
🔥 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
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
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
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
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
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
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
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
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
XAU ! 11/20 ! Gold sideways, holding above 2600XAU / USD trend forecast November 20, 2024
Gold prices (XAU/USD) continue their intraday retreat from the $2,642 level, a one-and-a-half-week high reached earlier on Wednesday, dropping to a new daily low during the early European session. The US Dollar (USD) gains support from dip-buying, fueled by a notable rise in US Treasury yields amid expectations of a more cautious approach to policy easing by the Federal Reserve (Fed). This shift in sentiment diverts investment flows away from the non-yielding yellow metal.
Gold price recovered, still maintaining above 2600, sideways price range 2600-2645
/// SELL XAU : zone 2629-2632
SL: 2637
TP: 50 - 100 - 300pips (2602)
Safe and profitable trading
Continue downtrend - target 2506 coming soon✍️ NOVA hello everyone, Let's comment on gold price next week from 11/18 - 11/22/2024
🔥 World situation:
Gold prices fell for the sixth consecutive day, heading for a weekly loss of over 4%—the steepest since September 2023. Federal Reserve Chair Jerome Powell's mildly "hawkish" remarks strengthened the US Dollar, reducing demand for gold. As of now, XAU/USD trades at $2,564, down 0.17%.
On Thursday, Powell stated that the Fed is not in a hurry to cut interest rates, citing a resilient economy, a robust labor market, and inflation still above the 2% target.
🔥 Identify:
The decline in gold will continue as money is being drawn to other opportunistic financial sectors, the decline could be prolonged, sending gold prices to 2500 or 2400.
🔥 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: $2590, $2610, 2645
Support : $2539, $2504
🔥 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
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
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
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
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