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Shortxauusd

Gold continues downtrend at the end of 2024⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold price (XAU/USD) remains steady near $2,610 in the early Asian session on Tuesday, with trading subdued as markets anticipate a quieter pace ahead of the holiday week. Investors are keeping an eye on the US Richmond Fed Manufacturing Index for December, set to be released later in the day. ⭐️Personal comments NOVA: Gold sideways in 2 H1 trendlines - downtrend is dominant. At the end of the year, there will be a lack of trading liquidity, not many big fluctuations. ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2627 - $2629 SL $2634 TP1: $2620 TP2: $2610 TP3: $2600 🔥BUY GOLD zone: $2604 - $2602 SL $2597 TP1: $2610 TP2: $2618 TP3: $2627 ⭐️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
OANDA:XAUUSDShort
by Nova-Scalper
5
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
OANDA:XAUUSDShort
by Nova-Scalper
2
XAU recovers - returns to downtrend retest zone⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: The Federal Reserve cut interest rates at its December meeting as anticipated but signaled a slower pace of future reductions. The updated dot plot, which outlines projected rate trends, now suggests a half-percentage-point cut in 2025, down from the full percentage-point reduction forecasted in September. This shift continues to strengthen the US Dollar (USD) and weigh on USD-denominated Gold, as rising real interest rates increase the opportunity cost of holding non-yielding assets like gold. On the other hand, weaker-than-expected US inflation data may help limit gold’s downside. The Personal Consumption Expenditures (PCE) Price Index rose to 2.4% year-over-year in November, up from 2.3% in October but slightly below the 2.5% market estimate. Meanwhile, Core PCE remained steady at 2.8% but fell short of the expected 2.9%. ⭐️Personal comments NOVA: Gold H1 frame recovered and retested the break zone in the downtrend, mainly sideways price below 2650 zone ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2643 - $2645 SL $2651 TP1: $2635 TP2: $2620 TP3: $2610 🔥BUY GOLD zone: $2606 - $2604 SL $2599 TP1: $2615 TP2: $2628 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
OANDA:XAUUSDShort
by Nova-Scalper
3
Negative News - XAU Continues Bearish Cycle ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold price (XAU/USD) rebounds from a one-month low near the $2,584-$2,583 region seen during the Asian session on Thursday, halting a two-day losing streak. Geopolitical tensions and trade war fears, combined with the Federal Reserve's (Fed) hawkish shift on Wednesday, have weighed on global risk sentiment. The resulting declines in equity markets have driven safe-haven demand for gold. However, the Fed's signal of a more cautious approach to rate cuts next year has kept US Treasury yields near multi-month highs and supported the US Dollar (USD), which remains close to a two-year peak. These factors could limit gold's upside, urging caution for bullish traders. Market participants now await US economic data, including the final Q3 GDP figures and Weekly Initial Jobless Claims, for short-term trading cues. ⭐️Personal comments NOVA: The FED cut 0.25 points as expected, however the statements about future plans are very negative for the market, along with the end of the year transactions will be liquidated by investors causing continued selling pressure. ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2633 - $2635 SL $2640 TP1: $2625 TP2: $2610 TP3: $2600 🔥BUY GOLD zone: $2585 - $2583 SL $2578 TP1: $2595 TP2: $2607 TP3: $2624 ⭐️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
OANDA:XAUUSDShort
by Nova-Scalper
3
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
OANDA:XAUUSDShort
by Nova-Scalper
1
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
OANDA:XAUUSDShort
by Nova-Scalper
4
SCALPING XAU ! Break 2676 and retest entry SELLSCALPING XAU / USD ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Anticipation of a more cautious stance from the Federal Reserve (Fed) supports US Treasury bond yields and helps the US Dollar maintain its weekly rise to a new monthly high, which could limit gains for the lower-yielding gold. Investors are now focused on the upcoming FOMC policy decision next week, seeking clarity on the US interest rate outlook. This decision is expected to influence USD demand and provide clearer direction for XAU/USD. ⭐️Personal comments NOVA: Continue correcting below the 2670 zone, break out and wait for the SELL retest point at 2676 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2676 - $2678 SL $2681 scalping TP1: $2672 TP2: $2665 TP3: $2660 ⭐️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
OANDA:XAUUSDShort
by Nova-Scalper
5
Adjustment rhythm DOWN ABC ! The buying side is weakening⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Price pressures in the United States are expected to have remained sticky in November, with headline inflation picking up. While the data is unlikely to deter the Federal Reserve (Fed) from cutting rates by 25 basis points (bps) next week, it might limit the scope of the easing cycle heading into 2025. Beyond that, the situation in the Middle East remains uncertain. The Syrian rebels have appointed a prime minister for a transitional government while Israel has stepped up its attacks on the Syrian army’s facilities. Ongoing tensions in the area are buoying safe-haven flows into Gold. ⭐️Personal comments NOVA: Frame H1 - complete 5 rising waves according to elliot. Need a downward adjustment to accumulate for the market ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2746 - $2748 SL $2753 TP1: $2740 TP2: $2730 TP3: $2720 🔥BUY GOLD zone: $2674 - $2676 SL $2669 TP1: $2685 TP2: $2692 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
OANDA:XAUUSDShort
by Nova-Scalper
7
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
OANDA:XAUUSDShort
by Nova-Scalper
1
XAU ! Scalping sideway zone below 2650SCALPING XAU / USD ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Expectations for rate cuts remained largely unchanged after the US Department of Labor (DoL) reported that Initial Jobless Claims increased to 224K for the week ending November 29, up from the previous week's 215K. Meanwhile, the benchmark 10-year US Treasury yield remains near its lowest point since October 22, keeping the US Dollar subdued at multi-week lows and providing added support for the precious metal. ⭐️Personal comments NOVA: Scalping the sideway price range of the European Friday session (2633 - 2650). The main trend is still down, SELL SIGNAL ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2650 - $2652 SL $2655 scalping TP1: $2645 TP2: $2640 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
OANDA:XAUUSDShort
by Nova-Scalper
2
NF - Witness the clear trend! below $2600⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: The upcoming US jobs report will play a crucial role in shaping the Federal Reserve's (Fed) monetary policy decision later this month, influencing the US Dollar (USD) and impacting Gold prices. Meanwhile, optimism that the Fed will approach rate cuts cautiously, amid concerns that President-elect Donald Trump's policies may spur inflation, continues to weigh on XAU/USD. ⭐️Personal comments NOVA: Price dispute: bulls and bears are strong in the Asian session, NF will legitimize the price with a strong discount, personal opinion based on the economic context at the end of 2024 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2687 - $2689 SL $2694 TP1: $2675 TP2: $2660 TP3: $2650 🔥SELL GOLD zone: $2655 - $2657 SL $2660 scalping ( Applies to the Asia-Europe session ) TP1: $2648 TP2: $2640 TP3: $2630 🔥BUY GOLD zone: $2587 - $2585 SL $2580 TP1: $2592 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
OANDA:XAUUSDShort
by Nova-Scalper
1
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
OANDA:XAUUSDShort
by Nova-Scalper
2
Gold trend! continued decrease ! sideway⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices (XAU/USD) continue to decline during Thursday's Asian session, following the previous day’s pullback from the $2,658 level. Strong US economic data released on Wednesday, along with limited progress in reducing inflation, suggest that the Federal Reserve (Fed) may approach further rate cuts cautiously. This outlook has driven a slight rebound in US Treasury yields and bolstered US Dollar demand, putting pressure on the non-yielding precious metal. However, markets are still largely expecting a 25 basis point (bps) rate cut by the Fed in December. Additionally, US President-elect's tariff threats have sparked concerns over a potential trade war that could harm global economic growth. Combined with ongoing geopolitical risks from the Russia-Ukraine conflict, these factors are helping Gold maintain support above the $2,600 level. ⭐️Personal comments NOVA: Selling pressure continues - target returns to 2605 area, bank holiday gold price mainly sideways and decreases slightly ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2633 - $2635.5 SL $2639 scalping TP1: $2625 TP2: $2612 TP3: $2605 🔥SELL GOLD zone: $2657 - $2659 SL $2664 TP1: $2650 TP2: $2640 TP3: $2630 🔥BUY GOLD zone: $2605 - $2603 SL $2598 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
OANDA:XAUUSDShort
by Nova-Scalper
3
XAU ! Scalping , trade under 2700 ! The bears will prevailSCALPING XAU / USD ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: US President-elect Donald Trump's promise to impose tariffs on imports from Canada, Mexico, and China sparked renewed safe-haven demand for Gold. Meanwhile, Ukraine reported its largest Russian drone attack to date, alongside reports of Russia using a hypersonic missile last week and advancing at its quickest pace since the 2022 invasion. Allegations of North Korean troops being deployed in Ukraine further complicate the situation, while Ukraine's strikes on deep Russian targets using Western-supplied missiles increase the risk of further conflict escalation. ⭐️Personal comments NOVA: Gold price is recovering. If it breaks through 2662, the buying force will still be strong and will wait for a stronger resistance area at 2688. ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2688 - $2690 SL $2693 TP1: $2680 TP2: $2670 TP3: $2660 ⭐️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
OANDA:XAUUSDShort
by Nova-Scalper
2
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
OANDA:XAUUSDShort
by Nova-Scalper
4
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
OANDA:XAUUSDShort
by Moon-ForexAcademy
1
Gold continues to rise - waiting for a correction⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices continued to rise for the fourth consecutive day, approaching the 50-day Simple Moving Average (SMA) as heightened tensions in the Russia-Ukraine conflict increased demand for the safe-haven metal. XAU/USD is trading at $2,672, near weekly highs, with a gain of over 0.80%. Concerns escalated after reports suggested Russia had launched an Intercontinental Ballistic Missile (ICBM) on Ukraine. However, a Western official cited by Reuters clarified that no ICBM was used on Thursday. ⭐️Personal comments NOVA: H1 frame is still a very stable price increase - aiming for above 2700 area, waiting for corrective reaction ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2706 - $2708 SL $2713 TP1: $2695 TP2: $2680 TP3: $2660 🔥BUY GOLD zone: $2640 - $2642 SL $2635 TP1: $2650 TP2: $2660 TP3: $2670 ⭐️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
OANDA:XAUUSDShort
by Nova-Scalper
3
No NEWS, Opportunity for gold to continue to recoverSCALPING XAU / USD ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices (XAU/USD) remain steady during the early European session, hovering near $2,620, slightly below Tuesday’s one-week high. Persistent geopolitical tensions, including the prolonged Russia-Ukraine conflict and unrest in the Middle East, continue to fuel safe-haven demand for the precious metal for a second consecutive day. However, expectations of a less aggressive rate-cutting approach by the Federal Reserve (Fed) limit further gains for the non-yielding Gold. ⭐️Personal comments NOVA: Small frame, gold buying pressure is still large, positive recovery, price will still move within the range of 2600 - 2644 ⭐️SET UP GOLD PRICE: 🔥BUY GOLD zone: $2603 - $2601 SL $2598 TP1: $2610 TP2: $2618 TP3: $2625 ⭐️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
OANDA:XAUUSDShort
by Nova-Scalper
2
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
OANDA:XAUUSDShort
by Nova-Scalper
2
Gold maintains a strong downtrendSCALPING XAU / USD ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: The CME Group's FedWatch Tool shows the likelihood of a 25-basis-point rate cut at the next FOMC meeting has surged to over 80%, up from under 60% on Tuesday. Dallas Fed President Lorie Logan remarked that while significant progress has been made in lowering inflation, the central bank should move forward carefully. ⭐️Personal comments NOVA: After breaking the D frame support zone (2550), the downtrend will continue, waiting for the SELL SCALPING TEST 2550 zone. ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2549 - $2551 SL $2554 TP1: $2544 TP2: $2538 TP3: $2530 ⭐️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
OANDA:XAUUSDShort
by Nova-Scalper
1
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
OANDA:XAUUSDShort
by Nova-Scalper
1
Gold continues downtrend - market stability✍️ NOVA hello everyone, Let's comment on gold price next week from 11/11 - 11/15/2024 🔥 World situation: Gold prices fell on Friday as the US Dollar rebounded, despite a dip in Treasury yields. Traders adjusted their "Trump trade" positions, cautious about tariff uncertainties following Trump’s election win. XAU/USD is down 0.67%, trading at $2,688. US equities continued to rise, brushing off previous election concerns that had boosted Gold. With political risks easing, the market focus now shifts to Trump's policy plans. 🔥 Identify: The time when gold is sideways and adjusts down, stabilizing the price in 2024 to a safe zone. In the context that there will be many financial packages to stimulate the global economy in the near future, gold will become less attractive than other financial sectors. 🔥 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: $2710, $2756 Support : $2666, $2645, 2606 🔥 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
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
OANDA:XAUUSDShort
by Nova-Scalper
1