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Gold price continues sideways waiting for tomorrow's CPI⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) struggled to build on Monday's gains and edged lower during Tuesday's Asian session, weighed down by continued US Dollar strength. After Friday's mixed jobs report, investors reduced expectations of a larger Fed rate cut in September, boosting the USD and pressuring gold. Additionally, a positive sentiment in equity markets further dampened demand for the safe-haven metal. XAU/USD remains within a multi-week trading range as investors await more clarity on the Fed’s rate decision. Focus now shifts to US inflation data due Wednesday, with the potential rate-cut prospects limiting aggressive bearish positions on gold. ⭐️ Personal comments NOVA: There was no important news on Tuesday, Gold prices continued sideways in the price range of 2480-2520 waiting for important data of the week: CPI, PPI,... ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2486 - $2484 SL $2479 TP1: $2495 TP2: $2505 TP3: $2520 🔥SELL GOLD zone: $2519 - $2521 SL $2526 TP1: $2510 TP2: $2500 TP3: $2490 ⭐️ 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
9
XAU / USD ! 9/9 ! SIDEWAY continue to decreaseXAU / USD trend forecast September 9, 2024 According to the data, Fed interest rate probabilities fluctuated sharply. Based on CME FedWatch Tool data, at some point, traders priced a 50 bps cut with odds rising as high as 70%. Nevertheless, as the dust settled, market participants estimated that a 25 bps cut was more likely as the chances of it rose by 73%, while for a 50 bps cut they decreased to 27%. In the meantime, Fed policymakers crossed the newswire. New York Fed President John Williams said that lowering rates soon will help to keep the labor market balanced. Fed Governor Christopher Waller echoed some of his comments at a speech at the University of Notre Dame. He said, “The time has come” to begin easing policy and revealed that he was open to any size of easing. Based on H2, resistance and EMA 200 line to set up SELL signal /// SELL XAU : zone 2505-2507 SL: 2513 TP: 50 - 150 - 200 pips (2487) Safe and profitable trading
OANDA:XAUUSDShort
by Moon-ForexAcademy
2
NF September! Opportunities or challenges for XAU⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) are struggling to build on their recent recovery, hovering in a narrow range below the $2,525 mark during Friday's Asian session. Traders are cautious, awaiting the key US Nonfarm Payrolls (NFP) report. Meanwhile, expectations of a larger Fed rate cut later this month keep the US Dollar in check, supporting gold. Mixed US employment data this week has raised concerns about the weakening labor market, further fueling demand for the safe-haven metal amid ongoing geopolitical tensions. As a result, gold is poised for a potential breakout and modest weekly gains, with its upside prospects looking favorable. ⭐️ Personal comments NOVA: There will still be a bearish VIEW for XAU, before the news of FED's interest rate reduction. Today's NF is also expected to be good for the dollar ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2499 - $2497 SL $2494 scalping TP1: $2503 TP2: $2508 TP3: $2515 🔥BUY GOLD zone: $2450 - $2452 SL $2445 TP1: $2460 TP2: $2470 TP3: $2480 🔥SELL GOLD zone: $2529 - $2532 SL $2536 TP1: $2520 TP2: $2510 TP3: $2500 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
9
XAU ! NF ! decision for the market to fall sharplyXAU / USD trend forecast September 6, 2024 The ADP National Employment Report released Thursday showed that US private-sector jobs increased by 99,000 in August, the smallest rise since January 2021, missing the forecast of 145,000. July’s figure was also revised down to 111,000 from 122,000. Additionally, job openings fell to 7.673 million in July, a three-and-a-half-year low, indicating a weakening labor market. Sideway below 2500 is a good signal for Gold in the near future, waiting for interest rate cut in September 2024 Based on H4, resistance and EMA 200 line to set up SELL signal /// SELL XAU : zone 2528-2531 SL: 2536 TP: 50 - 150 - 300 pips (2501) Safe and profitable trading
OANDA:XAUUSDShort
by Moon-ForexAcademy
6
XAU decreased! PMI ! Important data today⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices edged higher during the Asian session on Thursday, building on their rebound from near two-week lows around $2,472. A US labor market report on Wednesday showed job openings dropping to a three-and-a-half-year low, fueling speculation of a larger Fed rate cut in September, which supports the non-yielding metal. Concerns about the US economy also drive investors toward safe-haven assets like gold. However, strong buying momentum is lacking as traders remain cautious ahead of Friday’s key Nonfarm Payrolls (NFP) report. Thursday’s ADP employment report, Weekly Jobless Claims, and ISM Services PMI may offer short-term opportunities, but expectations for upcoming Fed rate cuts continue to support gold prices. ⭐️ Personal comments NOVA: The financial market was shaken by the news that the FED lowered interest rates in September, fearing an economic recession. Gold also found it difficult to avoid the general sentiment, continuing to reduce and adjust more strongly. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2472 - $2470 SL $2467 scalping TP1: $2478 TP2: $2483 TP3: $2490 🔥BUY GOLD zone: $2451 - $2453 SL $2446 TP1: $2460 TP2: $2470 TP3: $2480 🔥SELL GOLD zone: $2506 - $2508 SL $2513 TP1: $2495 TP2: $2480 TP3: $2460 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
7
$2500 large accumulation price zone! XAU decrease⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) slipped on Tuesday due to a stronger US Dollar and rising US Treasury yields. However, expectations that the Federal Reserve might cut interest rates in September could support gold, as lower rates reduce the cost of holding non-yielding assets. Additionally, ongoing geopolitical tensions in the Middle East may boost demand for safe-haven assets like gold. Looking ahead, the ISM Manufacturing PMI is set to be released on Tuesday, and the key focus will be on the US Nonfarm Payrolls (NFP) report for August, which could influence the Fed's rate decision and impact gold prices in the near term. ⭐️ Personal comments NOVA: Gold prices enter September with high expectations for volatility and new price increases. Correction to reach new ATH continues this year ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2472 - $2470 SL $2465 TP1: $2480 TP2: $2495 TP3: $2510 🔥SELL GOLD zone: $2509 - $2511 SL $2514 scalping TP1: $2504 TP2: $2498 TP3: $2490 🔥SELL GOLD zone: $2527 - $2529 SL $2534 TP1: $2520 TP2: $2510 TP3: $2500 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
1
Gold falls below 2500 !! XAU ! 9/2/24XAU / USD trend forecast September 2, 2024 Protests erupted across Israel after the military recovered the bodies of six hostages allegedly killed by Hamas in Gaza. Israel's largest labor union has called for a nationwide strike, threatening to shut down the entire economy on Monday. Meanwhile, China's NBS Manufacturing PMI dropped to 49.1 in August from 49.54 in July, missing expectations of 49.5, while Non-Manufacturing PMI improved slightly to 50.3 from 50.2, surpassing forecasts of 50.0. In the US, the PCE Price Index increased by 2.5% year-over-year in July, slightly below market expectations of 2.6%. Sideway below 2500 is a good signal for Gold in the near future, waiting for interest rate cut in September 2024 Based on M30, resistance and EMA 200 line to set up SELL signal /// SELL XAU : zone 2508-2510 SL: 2516 TP: 50 - 150 - 300 pips (2480) Safe and profitable trading
OANDA:XAUUSDShort
by Moon-ForexAcademy
1
ATH XAU is getting closer !! will it reach 2550 ??⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) is under pressure on Friday due to a stronger US Dollar (USD). Positive US growth data and lower Initial Jobless Claims have reduced expectations for a significant rate cut by the Federal Reserve (Fed) in September, weighing on gold. However, rising geopolitical tensions in the Middle East and the ongoing Russia-Ukraine war may increase safe-haven demand, supporting gold prices. Investors are watching US inflation data for clues on the Fed's rate cut decision. The core Personal Consumption Expenditures (PCE) Price Index, the Fed's preferred inflation measure, is expected to rise 2.7% YoY in July, slightly up from 2.6% in June. A softer-than-expected PCE could prompt the Fed to begin a rate-cutting cycle, which would be favorable for XAU/USD. ⭐️ Personal comments NOVA: The bulls are still dominant, trying to surpass the old 2531 ATH zone. NOVA is still waiting for September - the end of August will continue to sideway and adjust downwards. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2507 - $2509 SL $2503 scalping TP1: $2515 TP2: $2522 TP3: $2531 🔥BUY GOLD zone: $2483 - $2485 SL $2478 TP1: $2495 TP2: $2502 TP3: $2510 🔥SELL GOLD zone: $2548 - $2550 SL $2555 TP1: $2540 TP2: $2530 TP3: $2520 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
7
USDX's Possible Lid On The Gold Price: See Analysis & Chart During the Thursday 29 August 2024, NY session of Gold & Precious metals trading, I noticed some good momentum in Long-positions, so priced looked to be headed up to test 2531.65 which is firm resistance (and below from 2528.50 & even beneath there), where on Wednesday during the Asian session a lacklustre performance in price-momentum of Gold relative to Silver saw it sell off strongly all the way back to 2493.50. Good-on-you if you got in at that price-point because the Gold-bulls drive price back up so quickly. I have digressed a bit, this week we have seen the start of a recovery in the US Dollar and the index that tracks it, the USDX tested the 101.50 level during yesterday before moving back down. I mentioned during the last NY session that I was cashing in my long-positions in Gold and looking at a possible short. Well full disclosure I am still Short-gold today Friday in the Asia session. Mind you I had to get Short in & out 2 times because price rallied against me, that is trading. I even forgot to book my profits during yesterday when price got to 2528.65. Why? I honestly thought the Gold price with its momentum would take 2531.65. There's my mistake. Never anticipate the market. If you have conviction on a firmly held idea with a variety of technical analysis confluence & fundamentals to go with it, then that is different, but saying to myself 'we are going to get over hard resistance zones (2528.50-2531.65) and 'I'm gonna ride this baby all the way to a new high today', that is wishful thinking. What I have learnt about trading Gold & Precious metals is to book your profits. Then you can let price retrace and go again in the same previous direction that booked you all that profit. Anyway, take a look at my chart, please and keep an eye on a break of the 101.50 area where the USDX could engage in a more firmly held rally as we head towards the 'interest rate decision' in the USA in a few weeks time. I think that the Gold-price is extra sensitive to the Dollar at this point in time and I think the rally in the USDX (see an article I wrote last weekend below - click on the chart) that we are going to see may keep a cap or a lid on the Gold price at least until it explodes upwards on an interest rate reduction. This is my analysis only, I don't get cues from anyone else. * Trading is risky. Please don't rely solely on my investment advice & trade setups. Regards, Chris easy_explosive_trades
EIGHTCAP:USDXShort
by Easy_Explosive_Trading
Attempt to break ATH XAU at the end of August 2024 ⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: However, the rising demand for the US Dollar (USD) could pressure Gold prices, as a stronger USD makes Gold more expensive for buyers. Investors will be watching Thursday's second estimate of US GDP for Q2 to gauge the potential size and timing of the Federal Reserve's (Fed) rate cut. On Friday, attention will shift to the US Personal Consumption Expenditures (PCE) Price Index data for July. ⭐️ Personal comments NOVA: Still continuing sideways in the price range of 2480 - 2530, stabilizing liquidity in this area. NOVA thinks it will take time until early September for gold to continue to create a new ATH this year. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2485 - $2483 SL $2478 TP1: $2490 TP2: $2500 TP3: $2510 🔥SELL GOLD zone: $2548 - $2550 SL $2555 TP1: $2530 TP2: $2515 TP3: $2500 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
1
XAU officially adjusted! Short term decrease⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) found support during the Asian session on Friday, rebounding from the weekly low hit the day before. The expectation that the Federal Reserve (Fed) will begin cutting interest rates in September is weighing on the US Dollar (USD), despite its recent recovery from a yearly low. This, along with ongoing geopolitical tensions, continues to boost demand for the safe-haven metal. However, gold remains below the $2,500 mark as traders await Fed Chair Jerome Powell's speech at the Jackson Hole Symposium for more clarity on the rate-cut outlook, which could drive the next move. Additionally, developments in Israel-Hamas ceasefire talks will likely influence the short-term direction of XAU/USD, which is on track for modest weekly losses. ⭐️ Personal comments NOVA: Gold makes ATH 2531 correction is required to bring more liquidity, balance buyers and sellers in the market, before receiving the first interest rate cut in September 2024 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2462 - $2460 SL $2457 scalping TP1: $2468 TP2: $2473 TP3: $2480 🔥BUY GOLD zone: $2439 - $2441 SL $2434 TP1: $2450 TP2: $2465 TP3: $2480 🔥SELL GOLD zone: $2500 - $2498 SL $2505 TP1: $2490 TP2: $2480 TP3: $2470 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
7
REACHED ATH !! XAU accumulates waiting for FOMC today⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) hit a new record high around $2,531-$2,532 on Tuesday, driven by expectations that the Federal Reserve (Fed) will soon begin easing its policy. Markets are increasingly betting on a 25 basis point rate cut in September, boosting demand for gold. Dovish Fed expectations also pushed down US Treasury yields and weakened the US Dollar (USD), with the USD Index (DXY) dropping to a seven-month low, further supporting gold. Additionally, a slight pullback in US equity markets contributed to gold's rise. However, optimism about easing tensions in the Middle East limited further gains for XAU/USD. Investors remain cautious, waiting for Fed Chair Jerome Powell's speech at the Jackson Hole Symposium on Friday and the July FOMC meeting minutes for more clues on the Fed's policy direction, which will influence USD demand and gold's next move. ⭐️ Personal comments NOVA: Gold price reached ATH 2530 according to FIB H4, continue to accumulate and wait for FOMC data today, possibility of sideway, correction decrease ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2485 - $2487 SL $2480 TP1: $2495 TP2: $2503 TP3: $2510 🔥SELL GOLD zone: $2533 - $2535 SL $2540 TP1: $2520 TP2: $2505 TP3: $2480 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
4
CPI - Can Gold Price Surpass ATH?⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) faced fresh selling after a brief rise to the $2,472-2,473 area during the Asian session and fell for the second consecutive day on Wednesday. A positive mood in the equity markets is drawing investors away from the safe-haven metal. Additionally, some traders are adjusting positions ahead of the key US consumer inflation data, set to be released later today. However, concerns about a broader Middle East conflict and expectations of a dovish Federal Reserve (Fed) should help limit further losses. Tuesday's data indicated that inflation is slowing, increasing the likelihood of deeper Fed rate cuts, which keeps the US Dollar (USD) near a one-week low and could provide some support to gold, making aggressive bearish moves risky. ⭐️ Personal comments NOVA: Need to surpass ATH 2482, Gold price needs to create more liquidity, needs an adjustment period to continue increasing. CPI today, experts' expectations for Gold to decrease more ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2441 - $2439 SL $2434 TP1: $2455 TP2: $2470 TP3: $2485 🔥SELL GOLD zone: $2485 - $2487 SL $2490 scalping TP1: $2480 TP2: $2470 TP3: $2460 🔥SELL GOLD zone: $2500 - $2502 SL $2507 TP1: $2490 TP2: $2480 TP3: $2470 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
8
XAU in bearish range - holding below 2420⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) is facing selling pressure for the fourth consecutive day on Wednesday, but it maintains a position above the weekly low. Recent sharp losses and signs of stability in global equity markets are affecting the appeal of gold as a safe haven. Additionally, slight strength in the US Dollar (USD) is putting more pressure on gold. However, expectations for significant interest rate cuts by the Federal Reserve (Fed), coupled with ongoing recession concerns in the US, may prevent substantial gains for the Dollar. Moreover, worries about an economic slowdown in China and potential geopolitical tensions in the Middle East should continue to support gold prices and reduce the risk of further declines. ⭐️ Personal comments NOVA: Gold price within range decreases H1 - sideway zone waiting for market stabilization within range 2370 - 2420 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2351 - $2353 SL $2346 TP1: $2365 TP2: $2378 TP3: $2385 🔥SELL GOLD zone: $2419 - $2421 SL $2426 TP1: $2410 TP2: $2400 TP3: $2390 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
3
SELLERS IN THE BUILDING 1H time frame is turning bearish and under equilibrium, there has being a bullish channel forming from the close of yesterday into today's Asian session, which spells continuation for sellers. am looking for price reaction @ 2415-2412. failure of price to rise above Asian high and a break of Asian low would mean more sellers in the market. looking to take profit at 2355 a 1 to 5 risk to reward trade. trade responsibly, never risk more than 1 % of account on any trade.
OANDA:XAUUSDShort
by wizzywise1
XAU recovers - retests the DOWN trend⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The cost of gold (XAU/USD) continues to rise from the overnight rebound near a one-week low, drawing additional buyers for the second consecutive day on Wednesday. This increase is supported by a weaker market sentiment, which typically favors conventional safe-haven assets, pushing the precious metal to a new weekly peak around the $2,415 mark during the Asian trading hours. Additionally, expectations that the Federal Reserve (Fed) will begin reducing interest rates in September further encourage investment in the non-interest-bearing gold. ⭐️ Personal comments NOVA: Recovery from Gold around 2420-2430, retest for more downside ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2385 - $2383 SL $2378 TP1: $2390 TP2: $2395 TP3: $2400 🔥SELL GOLD zone: $2432 - $2434 SL $2439 TP1: $2425 TP2: $2410 TP3: $2390 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
10
XAU/USD struggles to hold above $2400⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) gains some positive traction during the Asian session on Monday and for now, seems to have snapped a three-day losing streak to sub-$2,400 levels, or a one-week low touched on Friday. The US political development over the weekend prompts fresh selling around the US Dollar (USD), which, along with bets for an imminent start of the Federal Reserve's (Fed) rate-cutting cycle in September, benefits the precious metal. Apart from this, worries about slowing Chinese economic growth, geopolitical risks stemming from the protracted Russia-Ukraine war and the ongoing conflicts in the Middle East turn out to be another factor lending support to the safe-haven Gold price. The USD, however, lacks follow-through selling as investors await more cues about the Fed's policy path, which, in turn, will determine the next leg of a direcitonal move for the non-yielding yellow metal. ⭐️ Personal comments NOVA: Gold price had a short recovery above the $2400 area at the beginning of Monday week - sideways accumulation around this support area ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2392 - $2390 SL $2385 TP1: $2398 TP2: $2405 TP3: $2410 🔥SELL GOLD zone: $2419 - $2421 SL $2426 TP1: $2410 TP2: $2400 TP3: $2390 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
3
The bears resisted fiercely! XAU adjustment⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) are rising due to a weaker US Dollar amidst speculation that the US Federal Reserve may cut interest rates in September following weak employment data. Political uncertainties in France and Middle Eastern tensions could further drive up Gold, a traditional safe-haven asset. ⭐️ Personal comments NOVA: Gold's Monday price correction shows resistance from sellers and bears ahead of today's FED meeting. Gold price is still in a long-term price increase range ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2341 - $2343 SL $2336 TP1: $2350 TP2: $2365 TP3: $2380 🔥SELL GOLD zone: $2370 - $2372 SL $2377 TP1: $2360 TP2: $2350 TP3: $2340 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
10
SIDEWAY !! Gold price stuck below $2350⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) started the week subdued, fluctuating below a multi-day peak around $2,340 following the US PCE Price Index release. The key inflation data reinforced market predictions of potential Federal Reserve interest rate cuts in September and December, pushing the US Dollar further from its recent two-month high and bolstering gold as a result. ⭐️ Personal comments NOVA: Gold price in early July is still maintaining in the range of $2310 - $2350, sideways, waiting for very important news this week. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2312 - $2314 SL $2307 TP1: $2320 TP2: $2330 TP3: $2340 🔥SELL GOLD zone: $2345 - $2347 SL $2352 TP1: $2338 TP2: $2330 TP3: $2320 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
1
Gold price is stable below the $2350 zone⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) dropped at the start of the week due to the Federal Reserve's surprising hawkish stance. The Fed lowered its rate cut forecast from three to one, resulting in higher US Treasury bond yields and a stronger US Dollar (USD). This caused investors to move away from gold, which doesn't offer yield. ⭐️ Personal comments NOVA: Gold price sideway, cumulative price range, around $2300 - $2350 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2307 - $2305 SL $2300 TP1: $2315 TP2: $2322 TP3: $2330 🔥SELL GOLD zone: $2340 - $2342 SL $2347 TP1: $2330 TP2: $2320 TP3: $2310 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
4