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Adjusted to decrease in early 2024 !! XAU✍️ NOVA hello everyone, Let's comment on gold price next week from 1/2 - 1/5/2024 🔥 World situation: A very successful end to 2023 for Gold. In the first week of 2024, there will be some important news that directly affects the price of Gold such as: PMI, ADP Non-Farm, Unemployment Claims, Average Hourly Earnings m/m,... The price model is creating a slight downward correction 🔥 Identify: Wait for a downward adjustment to balance the market and continue the long-term UP trend 🔥 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. The support zones identified according to FIBONACCY are defined as: Resistance: $2090 Support : $2052, $2031 🔥 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
PPI news !! Gold prices continue to fall ??⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The general expectation is that the US central bank will maintain the existing conditions and keep interest rates unchanged after their two-day meeting on Wednesday. As a result, the focus of the market will be on the accompanying monetary policy statement and the updated economic projections. Following this, there will be a press conference held by Fed Chair Jerome Powell, which will be closely analyzed for any confirmation of a shift in policy stance. Currently, the markets are anticipating the possibility of at least four 25 basis point rate cuts by the Fed in 2024. Therefore, if there is a more cautious approach, it will put significant pressure on the US Dollar and cause an upward movement in the price of Gold, which does not yield interest. ⭐️ Personal comments NOVA: Both technical factors and economic data are not supporting the uptrend of Gold, still under SELL pressure. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $1964 - $1966 SL $1956 TP1: $1970 TP2: $1978 TP3: $1985 Note the price resistance zone: SELL 1994-1996 🔥SELL GOLD zone: $2006 - $2004 SL $2015 TP1: $1995 TP2: $1982 TP3: $1970 ⭐️ 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
Scalping XAU! 28/11 Accumulate price range⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: There appears to be limited potential for any significant downward movement in the price of Gold, as it is increasingly recognized that the Federal Reserve (Fed) has concluded its efforts to tighten monetary policy. Additionally, the markets have already factored in the likelihood of multiple interest rate cuts in 2024. As a result, US bond yields and the value of the US dollar are expected to remain restrained. Furthermore, concerns regarding a global economic downturn and a generally weaker performance in European stock markets should provide some support for the safe-haven appeal of precious metals. Considering these factors, bearish traders should exercise caution ahead of the release of important inflation data from the US this week. ⭐️ Personal comments NOVA: The price is still accumulating sideways before continuing to overcome the 2020 resistance area ⭐️ SET UP GOLD PRICE: 🔥SELL GOLD zone: $2016 - $2018 SL $2021 TP1: $2012 TP2: $2008 TP3: $2005 ⭐️ 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
Scalping XAU! Slight adjustment after Unemployment Claims news⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The USD Index (DXY), which monitors the performance of the US dollar against a group of currencies, continues to rebound from its lowest point since August 31st, which was reached on Tuesday following the release of the hawkish Federal Open Market Committee (FOMC) meeting minutes. In fact, policymakers reiterated their commitment to maintaining higher interest rates for an extended period and tightening further if efforts to control inflation prove insufficient. This, combined with the recent inability to sustain momentum above the significant $2,000 level, is discouraging bullish investors from initiating new positions in gold. ⭐️ Personal comments NOVA: Unemployment Claims data shows good signs for the dollar. At the same time, Gold prices need to have a downward adjustment rhythm to create more liquidity. Price will decrease first and then continue to increase ⭐️ SET UP GOLD PRICE: 🔥SELL GOLD zone: $2003 - $2005 SL $2008 Scalping TP1: $2000 TP2: $1996 TP3: $1993 ⭐️ 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
Slight adjust today, still in an uptrend⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is attracting buyers and has surpassed the $2,000 mark in the early hours of Asian trading on Wednesday. This increase in demand for the precious metal is driven by the decline in US Treasury bond yields and the weakening of the US dollar (USD). According to the minutes of the November Federal Open Market Committee (FOMC) meeting, all participants agreed that policy decisions would continue to be based on the complete set of incoming information. They also deemed it appropriate to maintain the target interest rate within the range of 5.25% to 5.5%. ⭐️ Personal comments NOVA: After yesterday's strong price increase, surpassing the 2000 mark. Prices will tend to adjust slightly to gain liquidity before continuing to a new peak this year. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $1980 - $1982 SL $1975 TP1: $1990 TP2: $2000 TP3: $2010 🔥SELL GOLD zone: $2015 - $2017 SL $2023 TP1: $2008 TP2: $2000 TP3: $1990 ⭐️ 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
Dead Cat Bounce with Gold before the next crash to $1,710Bear market rally is forming with Gold. We are seeing a somewhat recovery. But the overall medium term trend is down. And we need to act accordingly to the major trends. This is a normal Dead Cat Bounce. And the ONLY way it will prove me wrong, is if it breaks out of the downtrend which will start a new uptrend. So what could cause this uptrend? 1. Safe haven status becomes strong with gold again. 2. Israel and Palestine war over commercialises the public and people start taking their money out of stocks and risky assets and into Gold. 3. World stock markets crash and people can't help but invest in gold... But right now, the trend is DOWN. So we'll stick with this trend and look for shorts only.
COMEX:GC1!Short
by Timonrosso
GOLD Short Opportunity with an alternate option to go longThe price of GOLD this August is controlled by the bears, as seen on the monthly chart. The weekly price is also controlled by the bears, supporting our short idea. As we are inside the parallel channel, we must be patient to short near the resistance of the channel which is also in confluence with the opening price for the week. If the short materializes, we can take profit near the bottom range of the channel. If price breaks out of the channel (as shown using the orange arrow), we can wait for a retest of the channel and go long but take profits quickly as bears are still in control of the month and we are still inside the downtrend channel.
OANDA:XAUUSDShort
by paolojuesna
3
Gold prepared for another bearish tumbleGold has retraced to the neckline of the double top pattern, upon which it provided a strong bearish engulfing. The weekly resistance has failed to be completely broken in addition to a rejection of the 38% fib. The 4H is trading within a range creating a new lower low along with ADX. The moving average is crossing to the downside as well as a trendline break to the downside. Price is now on the short side of the trendline. I will look for shorts near the weekly resistance for a 4H lower high. or a complete retest of the major 38% where the daily was rejected. Targets for shorts are -27%. extended target at -61%.
OANDA:XAUUSDShort
by DesharedPierreJr.
GOLD PRICE ANALYSIS 03 MAY 2023Last day after news, gold jumped and moved to 2010 level and later it hit 2020 level. Now It's almost 20 plus hours it is playing on the same area and RSI is forming a straight line. This move was totally based on fundamentals. As per my previous analysis I told you in last week on Monday that gold will be in a range. Now it looks like it has broke the range but what I feel is that this is a fake breakout and gold will fell today towards 1970 level and this time it can give a fake breakout on down side too. This is a gut feeling. while on technical It tried to break range but still unable to go upwards and if you look at 4 hour and hourly chart gold is exhausting pushing upwards and now it can slip a little bit down... We will also see news and data release today so that could be the stimulus too. stay sharp market is so tricky today.
OANDA:XAUUSDShort
by xeshaan
Gold Analysis and Trade Idea for 27-31 March 2023Gold is bearish on this Monday as first day of week, We went short after we saw a resistance in gold price at 2004 level. I think gold had done with its bullish rally and It will now come down to 1930-1910 levels in the upcoming week. My previous setup went so well, As we foretasted on Friday at YT that market is going to reverse from $2000 price level. Well, gold found resistance @ 2003 a sell-off so quickly and DXY is also completing its trend and will be bullish from this week, which eventually put pressure on gold as well to drop and gold will drop to form an HL on the daily graph. This week will also be a monthly closing week which is also a key factor. In this situation right now gold facing a support at 1966 and next support level is 1960 which will be broken soon. If you are planning to short gold wait for this support level to break. These are calculations till now I will definitely keep you guys posted with the daily situations in the reset of week days. - I love you hear from you guys write your questions and feedback in the comment section. Thank you.
FOREXCOM:XAUUSDShort
by xeshaan
Short of ABX Barrick Gold #ABXA clear setup; with the long-term chart (M) month. in downtrend. The Current-chart (W) Week is also in downtrend. the (W) is in clear move up, lots of buying to support this momentary fake uptrend. How do I know it is fake. Well one never knows anything as a disclaimer for any trading position; we stack up odd Enhancers in our favour. So, why did I take the SHRT at $26 while price was rallying (fake rally); the red line on the right hand (W) chart. the price met a Supply Zone, and this SZ happens to be Lower High of the (W) downtrend. a technical downtrend is marked by a series of Lower Lows and Lower High(LH), as long as the LH are not violated the downtrend continue. Once a price rally into a Lower High Supply zone, am looking for a tight SHORT entry, with a low-er risk STP loss just above the SZ & plenty of room below for the price to fall into & thats exactly what happened here. remembering the long-term is in my favour. thats a great off enhancer. I Shorted at 26.xx and price fell into my Profit-Target 1, where I closed 2/3 of the position at $5 profit per share. and I moved my STP loss down; today, with price opening well above my last STP Loss, after a weak end of speculation on fallout of banks, the Gold price goes up and so does ABX, no surprise here
TSX:ABXShort
by greatful-me
Catching the breakout in US dollar, finally, triggered NAS/GoldIn this video, part 2 of the day's NY trading, NAS and Gold were triggered. Should be one or the other but for demonstration purposes, both were taken. Thankfully both are at breakeven. However, it's not been the kind of day that we would have hoped for. Really choppy out there as has been the entire week - horrible conditions despite catching some good high-quality setups and positive outcomes. Anyway, we have had all of the catalysts that were on offer today with the UMich December US prelim consumer sentiment 66.4 vs 65.0 expected that should have been immediately positive for the US dollar, Instead, there was a barroom brawl that came of it before the final break out in the US Dollar for fresh highs on the day. This triggered the NAS and Gold shorts. Tareggted daily ATRs on both. However, we are now in the corrective territory and will not be surprised if breakeven stops are triggered, considering the current conditions of the market - horribly choppy!!
TVC:DXYShort
by Ross-J-Burland
XAUUSD By HesamUNTHey traders as i said before, we had a strong Supply Zone at 1805 and I was bearish on that Zone after sell pressure, the Price come back and break up this Zone it means bulls collect this sell pressure also, I was bullish about that move and the target is 1900 $ u can check both of em the bullish and bearish move now I'm expecting some selling pressure in this Zone, which means we can go back to the lower zone at 1810, it will b the second target we need 2 breaks 1810 for trend confirmation, after that, we can touch 1774 and confirm By Dynamic level Yellow dynamic levels will b confirmation for short and mid-term oscillation, so after breaking down dynamic level, we can aim for the last target which is 1735 - 1730 and confirmed by Fib EXT and Demand Zone so, that's my move what u think ? Share your chart and leave a comment
OANDA:XAUUSDShort
by HesamUNT
1
Short XAU/USDafter the FED last meeting on 14.DEC . the FED will raise rates to 4.5% then the next meeting will contuine to raise again ,so the raise rates will continue in 2023 so we can see the more declining in gold , therefore the gold will decline the strongest resistance here is between 1800-1820 rhen we are going down to 1700-1730 (support) then going to down at the level at 1620 strongest support, three bottoms here that mean if we reach at this level this will be the fourth bottom , the most likely will happen to break $1620 as the recession fears will continue in 2023
OANDA:XAUUSDShort
by KPR-Investment