Get started

Shortxau

CPI ! Opportunity for gold price to fall below 2600⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) edged higher during the Asian session on Thursday, ending a six-day losing streak that brought it to a nearly three-week low. The US Dollar (USD) is in a consolidation phase as traders await the US Consumer Price Index (CPI) data release. This repositioning has provided some support to gold. However, a significant rally in gold seems unlikely due to reduced expectations for aggressive rate cuts by the Federal Reserve (Fed), as highlighted by the September FOMC meeting minutes. Elevated US Treasury yields may continue to limit gains, requiring strong buying to signal the end of gold's recent corrective decline from its all-time high. ⭐️ Personal comments NOVA: The long-term framework H1, H4 shows that sellers prevail - the downward correction will continue towards below $2600 ⭐️SET UP GOLD PRICE: 🔥BUY GOLD zone: $2583 - $2585 SL $2578 TP1: $2590 TP2: $2600 TP3: $2610 🔥SELL GOLD zone: $2649 - $2651 SL $2656 TP1: $2644 TP2: $2638 TP3: $2630 Pay attention to the trendline resistance area H1: 2633 ⭐️ 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
5
Continue the DOWN trend next week !! XAU ✍️ NOVA hello everyone, Let's comment on gold price next week from 19/2 - 23/2/2024 🔥 World situation: In the meantime, there were updates from Federal Reserve officials, specifically Atlanta's Fed President Raphael Bostic and San Francisco Fed President Mary Daly. Bostic emphasized the need for patience and predicted that there could be two rate cuts in the summer if the data supports it. Daly acknowledged that there is work to be done and cautioned against acting hastily when patience is required, instead advocating for agility in response to the evolving economy. Both officials recognized that inflation is trending downward but remain cautious about the timing of implementing policy easing. Considering the underlying factors, the price of Gold would be influenced by the outlook of the US economy. An increase in inflation could lead to a rise in US Treasury bond yields, resulting in further downside for XAU/USD. On the other hand, if inflation continues to align with the Fed's 2% target, this could create an opportunity for rate cuts, which would impact the appeal of the Greenback. Consequently, the upside potential for XAU/USD is anticipated. 🔥 Identify: The slight recovery this week has helped Gold prices return to above $2010. But still within the bearish trendline. Selling pressure next week will continue to weigh on Gold prices 🔥 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: $2037, $2053 Support : $1987, $1974 🔥 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 22/6 $ prices stabilized after the Fed newsGold prices remained relatively unchanged on Thursday, but were still recovering from four consecutive days of decline. The market was cautious due to the uncertainty surrounding the Federal Reserve's upcoming decision on interest rates, which affected traders' confidence in the precious metal. Yesterday, bullion prices briefly dropped to their lowest point in three months, breaking a period of stability. This occurred after Jerome Powell, the Chair of the Federal Reserve, testified before the House Financial Services Committee of Congress, suggesting that interest rates may need to be increased in order to control inflation. Gold price on June 22, 2023 fluctuated at $ 1932, narrow band sideways continuation $1915 - $1957 Consider entering orders today: SELL zone: $1947 - $1950, sl $1960 Based on technical analysis indicators EMA 34, EMA 89 combines with a strong resistance at $1950 area
TVC:GOLDShort
by DNA_TradingFX
13
Short XAU/USD (swingtrade)Damnn guys! Are we going for over 90% success rate on this channel? :)) Intraday long on XAU/USD was off by a couple of pips, but if anybody followed the signal then nice profits should have been secured with trailing stop loss (1757>1755). Now we're back to the original short swing signal posted last week. Aiming for a TP somewhere in the 1600-1570 zone. Now, I would be lying if I said I caught the move. I may be good at technical analysis, but I still struggle with personal psychology. You would've been more likely to benefit from my signals than I did until this point (not trusting myself, pulling out too early, entering too late etc). Thought I'd be a little vulnerable so all my traders who ended up in loss this week feel a little better!
FOREXCOM:XAUUSDShort
by Katherineszew
4