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Gold price increased unexpectedly !! MONDAY ⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) loses momentum at $2,295 early Monday. Investors are eyeing Fedspeaks this week and the US Michigan Consumer Sentiment Index for May on Friday. The US Dollar Index (DXY), a gauge of USD value against trade partner currencies, rises to 105.12, recovering from nearly one-month lows. ⭐️ Personal comments NOVA: Monday trading session saw Gold prices increase slightly, still in the disputed price range, selling pressure still prevailed more. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2277 - $2275 SL $2270 TP1: $2285 TP2: $2292 TP3: $2300 🔥SELL GOLD zone: $2325 - $2323 SL $2330 TP1: $2318 TP2: $2310 TP3: $2300 ⭐️ 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
Gold price continues to have selling pressure - DOWN✍️ NOVA hello everyone, Let's comment on gold price next week from 5/6 - 5/11/2024 🔥 World situation: Gold's initial gains were wiped out on Friday due to disappointing Nonfarm Payrolls data from the US Bureau of Labor Statistics, indicating a slower jobs market. Despite briefly nearing a daily high of $2,310, it didn't surpass May 2’s high of $2,326 and retreated to current spot prices. The XAU/USD remains stable at around $2,300. Optimism on Wall Street diminishes the appeal of gold as a safe-haven asset. Notably, US Treasury yields and real yields are declining, affecting gold prices inversely. 🔥 Identify: During Gold's correction - there is a lot of selling pressure. The Fed's interest rate is not too surprising. There will not be much fluctuation this week, mainly sideways in the DOWN 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: Resistance: $2347, $2400 Support : $2272, $2237, $2205 🔥 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
Gold price in SIDEWAY price range! $2300⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price holds steady around $2,300 in the mid-North American session on Thursday. Factors contributing to this include positive market sentiment, declining US Treasury yields, and a weaker US Dollar. Traders are still processing comments made by Federal Reserve Chairman Jerome Powell on Wednesday, as well as the central bank's decision to keep rates unchanged. Additionally, recent data reveals a slight decrease in the US trade deficit and a tight labor market. The XAU/USD is currently trading at $2,305, reflecting a 0.60% decrease. Expectations of a more hawkish stance from the Fed were not met, as they maintained a neutral position. The central bank also announced a reduction in the pace of its Quantitative Tightening (QT) program. ⭐️ Personal comments NOVA: Gold price in the SIDEWAY price range, the range ranges from $2260 - $2330, is still trending DOWN more. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2268- $2266 SL $2260 TP1: $2275 TP2: $2290 TP3: $2300 🔥SELL GOLD zone: $2334 - $2336 SL $2340 TP1: $2325 TP2: $2310 TP3: $2290 ⭐️ 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
FOMC - ADP NF Gold price fluctuated strongly today⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) slightly increases to $2,288 during the Asian session on Wednesday. This is due to cautious market sentiment ahead of the Federal Reserve's monetary policy meeting. The US ISM Manufacturing PMI and ADP Employment Change will be released later in the day. ⭐️ Personal comments NOVA: Gold price is completing a DOWN correction. Today with many important economic data such as: PMI, ADP - NF and FOMC will determine the Gold price trend in early May until 2024. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2260 - $2262 SL $2255 TP1: $2270 TP2: $2278 TP3: $2285 🔥SELL GOLD zone: $2324 - $2326 SL $2330 TP1: $2310 TP2: $2295 TP3: $2280 ⭐️ 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
6
🧑‍🎓 XAU/USD ANALYSE 📈 I UPDATED MORE READ THE CAPTION?By world 🌍 Forex’ Traders Hello 👋 traders "Gold Market Analysis 💡 4H Time Frame Chart 📊 _Bearish Signal 🚨_ We're seeing a potential short opportunity in the gold market, with a current price of $2378. Our target is $2287, which is a key support level. A breakdown below this level could lead to a significant price drop 💸. _Analysis 🤔_ The 4H time frame chart shows a bearish trend, with a series of lower highs and lower lows. The Relative Strength Index (RSI) is also indicating a bearish signal, with a reading of . The Moving Averages are aligned, providing additional confirmation for a short position 📈. _Trade Strategy 💰_ Sell: $2378 (short) Target: $2287 (next support level) Stop Loss: $2420 (bearish warning) ⚠️ Note: This analysis is based on a 4H time frame chart and is subject to market changes and fluctuations. Always use proper risk management techniques and consult with a financial advisor if necessary. Follow me for more market insights and analysis! #goldmarket #forex #tradingview 💼"
FXOPEN:XAUUSDShort
by SMC-Trading-Point
Prioritize the DOWN trend !! XAU DECREASE⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price continues its stagnant trend as it struggles to gain traction in the Asian market on Tuesday. The US Dollar benefits from the Federal Reserve's higher interest rates and persistent inflation signs, alongside diminishing Middle East tensions. However, the downside is limited as traders await cues about the Federal Reserve's rate-cut plans. ⭐️ Personal comments NOVA: Price moves in a DECREASING triangle pattern. Wait for break 2328 and target to return to $2300 area ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2306 - $2304 SL $2298 TP1: $2310 TP2: $2318 TP3: $2325 🔥SELL GOLD zone: $2358 - $2360 SL $2365 TP1: $2350 TP2: $2340 TP3: $2330 ⭐️ 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
Gold price adjusts below $2,300 next week✍️ NOVA hello everyone, Let's comment on gold price next week from 4/29 - 5/3/2024 🔥 World situation: Gold price falls as US inflation data exceeds expectations, dampening hopes of Fed rate cuts. Annual underlying inflation rises to 2.7% but slows from February's 2.8%. Monthly inflation in line with expectations. Positive for bond yields and USD. 🔥 Identify: Gold price has formed the DOW theory and is in a FIBONACCY correction. Expect prices below $2,300 next week 🔥 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: $2400, $2430, $2455 Support : $2284, $2212 🔥 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
Will the price of Gold continue to DECREASE or not?⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices made modest gains during the North American session on Thursday, increasing by over 0.5% after the release of important economic data from the United States (US). The GDP figures for the first quarter of 2024 fell short of expectations, leading to speculation that the US Federal Reserve (Fed) may reduce borrowing costs. However, there was a significant jump in inflation for the same period, which could delay the Fed's plans to lower interest rates. XAU/USD is trading at $2,330 after rebounding from daily lows of $2,305, thanks to higher US Treasury yields resulting from a resurgence in inflation. Analysts had predicted that the US economy would slow down in 2024, but it missed the mark by a whole percentage point in Q1. This would maintain the narrative of a "soft landing," but underlying inflation for Q1 2024 increased by 3.7% QoQ, surpassing estimates and overshadowing the 2% recorded in Q4 2023. ⭐️ Personal comments NOVA: Gold's DOWN correction wave is forming, FIBONACCY shows that wave 2 is developing. Currently, the price continues to fluctuate sideways from $2300 - $2350 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2300 - $2302 SL $2295 TP1: $2315 TP2: $2330 TP3: $2345 🔥SELL GOLD zone: $2347 - $2349 SL $2355 TP1: $2340 TP2: $2325 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
7
Prioritize the DOWN trend - GDP news today⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold made some recovery on Wednesday after experiencing two consecutive negative sessions at the start of the week, as geopolitical risks subsided. Despite better-than-expected economic data from the United States (US), a strong US Dollar, and higher US Treasury yields, buyers of the precious metal took advantage of the recent dip. However, by the end of Wednesday, gold closed with a 0.25% loss. The XAU/USD is currently trading at $2,317, down by 0.05%. The tensions in the Middle East appear to have eased after the exchange of fire between Iran and Israel. The expectations for a Federal Reserve (Fed) rate cut in June and July have dissipated, as many market participants now believe that the fed funds rate will be reduced for the first time in September 2024. ⭐️ Personal comments NOVA: Price is moving sideways around the $2310 - $2330 range, but is trending DOWN. Predicting today's GDP news is good for the dollar, Gold continues to DECREASE in correction ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2270 - $2268 SL $2263 TP1: $2278 TP2: $2285 TP3: $2300 🔥SELL GOLD zone: $2339 - $2341 SL $2346 TP1: $2325 TP2: $2310 TP3: $2290 ⭐️ 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
6
Gold is forming a correction rhythm ! Increase⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price fell slightly on Tuesday in the North American session due to a weaker-than-expected S&P Global Purchasing Managers Index (PMI) report. Despite the Greenback's weakness, buyers were unable to take advantage, while US Treasury yields declined. XAU/USD traded at $2,323, down 0.11%. The US 10-year Treasury yield remained steady at 4.402%, while US real yields, which have an inverse relationship with gold prices, dropped 0.41% to 2.192%, benefiting the precious metal. ⭐️ Personal comments NOVA: Gold prices are showing a downward adjustment after a strong price increase in early April. They will continue to decrease after military tensions show signs of cooling down. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2283 - $2285 SL $2278 TP1: $2295 TP2: $2302 TP3: $2310 🔥SELL GOLD zone: $2347 - $2350 SL $2355 TP1: $2335 TP2: $2320 TP3: $2300 ⭐️ 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