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Shortxauusd

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
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
1
Sideway rhythm - recovers and continues to decrease⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold (XAU/USD) continues to decline for a second straight session on Thursday, pressured by a stronger US Dollar following Donald Trump’s election victory. The reduced demand for safe-haven assets like gold reflects market optimism and a shift towards “Trump trades,” spurred by the clarity of the election outcome, which contrasts with earlier fears of a contested result. ⭐️Personal comments NOVA: Yesterday's strong sell-off - proving the downward trend in gold prices by the end of 2024. Sideway rhythm - accumulates and continues to decrease to lower levels: 2606 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2678 - $2680 SL $2685 TP1: $2670 TP2: $2660 TP3: $2650 🔥BUY GOLD zone: $2645 - $2643 SL $2640 scalping TP1: $2650 TP2: $2658 TP3: $2670 🔥BUY GOLD zone: $2606 - $2604 SL $2599 TP1: $2620 TP2: $2635 TP3: $2650 ⭐️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
XAU! 11/1 ! Gold price adjustment - NF newsXAU / USD trend forecast November1, 2024 Gold price (XAU/USD) regains some ground on Friday, supported by US election uncertainties and Middle East tensions, which boost demand for the safe-haven asset. However, rising US Treasury yields and a stronger US Dollar may limit gains. Traders now await the US October employment report, with key data on Nonfarm Payrolls, Unemployment Rate, and Average Hourly Earnings. A strong report could reduce expectations for Fed rate cuts, potentially weighing on gold. Gold price adjusted down - market reduced FOMO. Waiting for NF news to officially return to the price range of 2700 - 2720 /// SELL XAU : zone 2769-2772 SL: 2777 TP: 50 - 200 - 300 pips (2742) Safe and profitable trading
OANDA:XAUUSDShort
by Moon-ForexAcademy
1
XAU ! 10/24 ! Adjustment and price decreaseXAU / USD trend forecast October 24, 2024 Gold price (XAU/USD) rises to the $2,736-$2,737 range during the European session, recovering some losses from the previous day’s pullback from a record high. Ongoing Middle East conflicts and uncertainty around the upcoming US Presidential election on November 5 boost demand for the safe-haven asset. Additionally, a slight dip in the US Dollar from its near three-month high and falling US Treasury yields further support gold's upward movement. Gold price continues to be in the long-term uptrend - however, there needs to be adjustments for the market to stabilize and rebalance. Expected price range 2700 - 2680 in the short term /// SELL XAU : zone 2740-2743 SL: 2748 TP: 50 - 200 - 300 pips (2713) Safe and profitable trading
OANDA:XAUUSDShort
by Moon-ForexAcademy
6
XAU down! correction 10/10/2024XAU / USD trend forecast October 10, 2024 Gold continued its decline for the sixth straight day after the Federal Reserve (Fed) released its September Meeting Minutes. The Minutes revealed that most FOMC members supported a 50-basis-point cut, though XAU/USD remains near $2,610, down 0.37%. While some officials preferred a 25 bps cut, all agreed on lowering rates. Most participants saw inflation risks decreasing, while concerns about the labor market increased. H1 frame shows Gold price correction - amid news of China stopping gold purchases continuing to impact further bullish momentum. Price continues to correct below 2600 /// SELL XAU : zone 2623-2626 SL: 2631 TP: 50 - 100 - 300 pips (2596) Safe and profitable trading
OANDA:XAUUSDShort
by Moon-ForexAcademy
5
ATH XAU ! 2645 ! Continuing uptrend⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) reached a new all-time high during Tuesday's Asian session but saw limited follow-through as traders await more clarity on the Fed's rate-cut plans. The focus is now on upcoming FOMC speeches and Friday's US PCE Price Index release. Expectations for further Fed easing, which has limited the US Dollar's recovery after last week's large rate cut, support gold. Ongoing geopolitical tensions in the Middle East, US political uncertainty, and economic slowdown fears also continue to bolster demand for the safe-haven metal. ⭐️ Personal comments NOVA: After yesterday's PMI news - gold price continued to positively increase, creating a new ATH. Today, the new ATH trend continues to increase slightly - then it needs to decrease to get liquidity - stabilizing the market ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2591 - $2589 SL $2584 TP1: $2600 TP2: $2610 TP3: $2620 🔥BUY GOLD zone: $2604 - $2602 SL $2599 TP1: $2610 TP2: $2618 TP3: $2625 🔥SELL GOLD zone: $2643 - $2645 SL $2650 TP1: $2630 TP2: $2615 TP3: $2600 ⭐️ 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 in correction range as it hits ATH 2600⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) gained traction during the Asian session on Thursday, breaking a two-day losing streak and halting the pullback from its recent record high. The US Dollar's recovery following the Federal Reserve meeting lost momentum after a brief rise, which supported renewed demand for gold. Additionally, concerns over potential economic slowdowns in both the US and China, along with escalating tensions in the Middle East, boosted the safe-haven appeal of gold. However, the Federal Reserve signaled a cautious approach to large interest rate cuts, leading to a rise in US Treasury yields, which may limit further gains for gold. Traders are now awaiting key US economic data, including Jobless Claims, the Philly Fed Manufacturing Index, and Existing Home Sales, for additional direction. ⭐️ Personal comments NOVA: Gold price completed the upward cycle reaching the expectation of $2,600 - within the H1 frame's downward cycle, moving within two H1 trend lines. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2531 - $2529 SL $2524 TP1: $2545 TP2: $2560 TP3: $2573 🔥SELL GOLD zone: $2575 - $2573 SL $2578 scalping TP1: $2568 TP2: $2560 TP3: $2550 🔥SELL GOLD zone: $2583 - $2585 SL $2590 TP1: $2570 TP2: $2560 TP3: $2550 ⭐️ 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
30
ATH XAU ! 2638 and adjusted DOWN⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold (XAU/USD) hit a record high on Monday, driven by a weaker US Dollar and expectations of deeper Federal Reserve rate cuts. Geopolitical tensions in the Middle East are also boosting demand for safe-haven assets like gold. Traders are watching the US Purchasing Managers Index (PMI) data, due later Monday. A stronger-than-expected result could strengthen the USD, potentially pressuring Gold prices. ⭐️ Personal comments NOVA: Buying pressure is still strong - wait for new ATH areas: 2638 then steadily reduce liquidity below ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2603 - $2601 SL $2596 TP1: $2610 TP2: $2620 TP3: $2630 🔥SELL GOLD zone: $2638 - $2640 SL $2645 TP1: $2630 TP2: $2615 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 - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
8
Bearish - weekend correction after reaching ATH $2600⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) gained for the second consecutive day on Friday, approaching the record high reached after the Federal Reserve's significant interest rate cut earlier this week. The Fed also hinted at more cuts, weakening the US Dollar and supporting gold. Concerns about economic slowdowns in the US and China, along with geopolitical tensions in the Middle East, further boost gold’s appeal. However, the global stock market rally limits strong gains for the safe-haven metal, keeping upward momentum in check during the Asian session. ⭐️ Personal comments NOVA: Gold price reached ATH this week: 2600, In the context of many concerns about the impending economic recession - the psychology of waiting will cause gold prices to quickly adjust downwards. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2580 - $2578 SL $2573 TP1: $2588 TP2: $2595 TP3: $2603 🔥BUY GOLD zone: $2567 - $2565 SL $2560 TP1: $2573 TP2: $2580 TP3: $2590 🔥SELL GOLD zone: $2613 - $2615 SL $2620 TP1: $2600 TP2: $2585 TP3: $2560 ⭐️ 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
11
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
Gold price tends to decrease - sellers try to prevail⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices rebounded from multi-day lows on Wednesday but stayed under the $2,500 mark as the US Dollar gained strength. Despite this, ongoing geopolitical tensions and expected Fed rate cuts could support gold in the near term. Later in the day, the release of JOLTS Job Openings and the Fed's Beige Book will be closely watched. Investors are eagerly awaiting Friday's US August Nonfarm Payrolls report, which could influence the Fed's rate decisions in September. A weaker-than-expected report might heighten recession fears and prompt faster rate cuts, potentially boosting gold further as lower rates make it more attractive. ⭐️ Personal comments NOVA: Gold broke 2500, fell back to 2470 after yesterday's PMI news, moving in the short-term H1 downtrend. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2462 - $2460 SL $2455 TP1: $2470 TP2: $2480 TP3: $2490 🔥SELL GOLD zone: $2505 - $2507 SL $2510 scalping TP1: $2500 TP2: $2495 TP3: $2490 🔥SELL GOLD zone: $2513 - $2515 SL $2520 TP1: $2500 TP2: $2485 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
2
September , XAU/USD price correction , ZONE 2500⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) continued to drop on Monday, falling below the $2,500 mark as a stronger US Dollar, following July's Personal Consumption Expenditures (PCE) Index, pressured the metal. Additionally, concerns over China's sluggish economy, the world’s largest gold buyer, added to the decline. However, expectations of an interest rate cut by the US Federal Reserve (Fed) in September could help limit Gold’s losses, as lower rates reduce the opportunity cost of holding non-yielding assets like gold. Looking ahead, key US economic data are due this week, including the ISM Manufacturing PMI on Tuesday, the Services PMI on Thursday, and employment data on Friday, which includes Nonfarm Payrolls (NFP), the Unemployment Rate, and Average Hourly Earnings for August. ⭐️ Personal comments NOVA: Gold price has a slight decrease adjustment in early September 2024, but is still within the sideway price range of 2480 - 2530, accumulating for the Uptrend. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2483 - $2485 SL $2478 TP1: $2492 TP2: $2500 TP3: $2510 🔥SELL GOLD zone: $2509 - $2511 SL $2516 TP1: $2500 TP2: $2490 TP3: $2482 ⭐️ 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
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 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
Markets fear recession - XAU falls⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) hit a one-week low on Monday, but managed to defend and bounce back from the 50-day Simple Moving Average (SMA) support around the $2,365-2,364 area. Softer incoming US macro data heightened concerns about a potential downturn in the world’s largest economy and increased expectations for more significant interest rate cuts by the Federal Reserve (Fed). This situation led to a recent decline in US Treasury bond yields, which, together with the escalating Middle East crisis, provides some support to the safe-haven precious metal. However, a shift in risk sentiment, indicated by a relief rally in the equity markets, could pose a challenge for gold prices amid recovering US bond yields, which support the US Dollar (USD). Nonetheless, the overall fundamental backdrop seems to favor bullish traders, suggesting that the path of least resistance for XAU/USD is upward. Therefore, weakness below the $2,400 mark might continue to attract buyers and remain limited in the absence of significant US economic data releases. ⭐️ Personal comments NOVA: The financial downturn on Monday, due to concerns about the US economic recession, caused the price of Gold to fall sharply, and there was still selling pressure from the bears when there was not much important economic news today. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2373 - $2375 SL $2368 TP1: $2382 TP2: $2390 TP3: $2400 🔥BUY GOLD zone: $2386 - $2384 SL $2380 TP1: $2392 TP2: $2400 TP3: $2410 🔥SELL GOLD zone: $2428 - $2430 SL $2435 TP1: $2420 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
4
CPI and FOMC determine Gold price trend⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) is showing resilience below the $2,300 mark, with modest gains for the second consecutive day. Traders are eagerly awaiting the release of US consumer inflation figures and the outcome of the FOMC meeting, as these will provide insights into when the Fed will start cutting interest rates. This will have a significant impact on the future movement of gold. ⭐️ Personal comments NOVA: Gold price recovered slightly before today's CPI and FOMC news. With the high possibility that interest rate data will continue to remain unchanged, Gold prices are likely to still recover. Pay attention to resistance areas for prices to react at $2325, $2340. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2270 - $2268 SL $2263 TP1: $2280 TP2: $2290 TP3: $2300 🔥SELL GOLD zone: $2323 - $2325 SL $2328 scalping TP1: $2318 TP2: $2310 TP3: $2300 🔥SELL GOLD zone: $2338 - $2340 SL $2345 TP1: $2325 TP2: $2315 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
13
Huge selling pressure - Gold price continues to DECREASE✍️ NOVA hello everyone, Let's comment on gold price next week from 6/3 - 6/7/2024 🔥 World situation: Gold (XAU/USD) slumped back into the $2,330s on Friday after the release of US Personal Consumption Expenditure (PCE) data for April. The data showed a decrease in core price pressures, with Core PCE cooling to 0.2% month-over-month. Analysts had expected it to remain unchanged at 0.3%. This unexpected decrease increased the likelihood of the Fed cutting interest rates sooner, which is positive for Gold as it reduces the opportunity cost of holding the non-yielding asset. 🔥 Identify: Despite receiving positive economic news supporting Gold - the great selling pressure pushed Gold prices down immediately. Wait for the next support and decline areas 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: $2362, $2414 Support : $2306, $2282, $2250 🔥 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 adjust DOWN⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) trades lower on Thursday due to a stronger US Dollar (USD) and higher US yields. The reduced expectation of a September rate cut by the Federal Reserve (Fed) is putting pressure on gold as it increases opportunity costs. The second estimate of Q1 2024 US Gross Domestic Product (GDP) will be closely watched by investors, as a stronger-than-expected reading could further strengthen the USD and weigh on gold. However, geopolitical tensions in the Middle East may support gold as a safe-haven asset. Additionally, increased demand from central banks may limit downside for gold in the near term. ⭐️ Personal comments NOVA: Gold continues its DOWN trend amid easing military tensions. Mainly waiting for US economic data to be released ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2315 - $2317 SL $2312 scalping TP1: $2320 TP2: $2325 TP3: $2330 🔥BUY GOLD zone: $2305 - $2307 SL $2300 TP1: $2315 TP2: $2322 TP3: $2330 🔥SELL GOLD zone: $2364 - $2366 SL $2370 TP1: $2358 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
2
Gold recovered slightly in the first session of the week⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) gains strength on Monday, supported by a weaker US Dollar and escalating geopolitical tensions in the Middle East. The long-term outlook remains positive due to increased demand from central banks. However, expectations of fewer rate cuts by the Federal Reserve and a hawkish stance from Fed officials may put some selling pressure on gold as higher interest rates make it less attractive as a store of value. ⭐️ Personal comments NOVA: Gold price recovered slightly in the first session of the week, still in a DOWN correction in the H1 and H4 frames ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2306 - $2304 SL $2298 TP1: $2315 TP2: $2322 TP3: $2330 🔥BUY GOLD zone: $2321 - $2319 SL $2316 scalping TP1: $2326 TP2: $2332 TP3: $2340 🔥SELL GOLD zone: $2354 - $2356 SL $2361 TP1: $2348 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
4
Sideway, correction DOWN!! XAU✍️ NOVA hello everyone, Let's comment on gold price next week from 5/27 - 5/31/2024 🔥 World situation: Gold price stabilized on Friday after two consecutive days of losses, increasing by 0.23%. However, it experienced a weekly decline of more than 3%, marking the largest weekly loss since December 2023. The better-than-expected US Durable Goods Orders data had a reduced impact due to a downward revision in the previous month's reading, which encouraged buying of gold. The XAU/USD is currently trading at $2,332 after reaching a daily low of $2,325. Gold traders reacted before the weekend as US business activity improved, reducing the likelihood of a rate cut by the Federal Reserve (Fed). As of now, fed funds rate futures estimate only a 25 basis point interest rate cut in 2024. 🔥 Identify: Gold price is in a DOWN correction, but sales volume is decreasing. Economics and politics are in a period of hesitation, Gold prices will mainly sideways in the range from $2300 - $2350 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: $2363, $2395, $2442 Support : $2306, $2280 🔥 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
PMI continues to pressure Gold downward !!⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) continues to decline due to the Federal Open Market Committee (FOMC) minutes being interpreted as more hawkish. This has limited the upside potential for gold. The cautious approach of the US Federal Reserve to maintain its restrictive policy for longer has boosted the strength of the US dollar, putting downward pressure on gold. Traders will monitor the preliminary reading of the US Manufacturing and Services Purchasing Managers Index (PMI) for May, as a weaker reading could spark hopes of rate cuts by the Fed and support gold prices. Geopolitical tensions, uncertainties, and inflation concerns may also provide some support for gold in the short term. Other factors to watch include the Chicago Fed National Activity Index, weekly Initial Jobless Claims, New Home Sales, and comments from Fed's Bostic. ⭐️ Personal comments NOVA: Gold fell after yesterday's FOMC meeting - quite tough statements on inflation. When the Gold price reaches a new ATH peak, it is obvious that a downward adjustment will create more liquidity for the market, the price will continue to be under selling pressure today and tomorrow. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2347 - $2345 SL $2340 TP1: $2352 TP2: $2360 TP3: $2370 🔥SELL GOLD zone: $2403 - $2405 SL $2410 TP1: $2395 TP2: $2380 TP3: $2370 ⭐️ 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