Sideway waits for economic data this week ! XAU⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) is consolidating its recent rally to the $2,200 neighborhood, reaching a fresh record high on Friday. The spike in the US unemployment rate has increased expectations for interest rate cuts by the Federal Reserve (Fed). As a result, US Treasury bond yields remain low, hindering the US Dollar's recovery and providing support for gold.
⭐️ Personal comments NOVA:
Gold price continues its upward trend to create a new peak, Monday trading session shows signs of sideway accumulation waiting for important data during the week, expecting corrections DOWN
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2157 - $2155 SL $2150
TP1: $2162
TP2: $2170
TP3: $2180
Maybe scalping BUY zone $2162 - $2164
🔥SELL GOLD zone: $2198 - $2200 SL $2205
TP1: $2190
TP2: $2180
TP3: $2170
⭐️ 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
Xauusdsell
3.8-3.9 Gold trend after non-farm payrolls announcement.In terms of operation, continue to pay attention to the shape of the 1-hour chart. Regarding the current overall trend, it is still bullish. Although there is a retracement, the short-term upward channel is also intact. It is very likely that after a certain amount of shock repair, there will be an opportunity to choose the direction again. Let’s first look at the support of the 1-hour mid-rail 2147. Before breaking the position, the short-term trend will always be low and long. Never perform multiple orders at high levels.
Gold strategy:
Buy2160-2165
TP2175-2180
Gold hits new highs, enter the market with caution.According to the golden hour chart, the current trend is still strong.
But it is difficult to maintain the 2170-2171 area.
The blue box is my prediction that the market will correct.
The current market will be relatively volatile, and short-term trading can be used to make scalping profits.
We expect a pullback from this blue box.
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Share your opinions in the comments and like the thoughts, thank you for your support.
Worryingly, gold has had an excessive increasePersonal corner: I read the news and saw that gold investment funds have sold contracts in the 8x and 9x areas. Experts and analysts worry that gold has had an excessive increase. need to consolidate and adjust to continue the new growth cycle. They were standing outside. So if it's me Buy. I also find it quite risky. Share news for everyone to refer to.
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Gold follows the trend around the price range 2176>2180
Sl 2175
TP 2186>2195
Continue spreading Sell GOLD small vol from 2>4 prices on the 219x area.
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Many analysts consider that, despite the fact that gold has skilled a sturdy week of will increase and could in all likelihood keep to boom withinside the close to future.
However, investors are involved that if the United States purchaser charge index record for February posted on March 12 will increase, expectancies of hobby charge cuts with the aid of using the United States Federal Reserve (Fed) will keep. keep to prolong.
Some specialists are expecting that inflation can also additionally upward thrust quicker than predicted as a right away end result of the spike in electricity costs. Experts warn that gold traders have to be cautious, a moderate boom withinside the inflation index may even motive gold expenses to lower withinside the quick term.
President Kevin Grady of Phoenix Futures and Options predicts that the approaching record will create fundamental fluctuations withinside the gold marketplace. Data will assist traders recognize extra virtually approximately whilst the Fed will reduce hobby rates.
According to the CME FedWatch tool, the marketplace is forecasting a 97% hazard that the Fed will hold the modern-day hobby charge thru the stop of March and a 70.5% hazard in May. However, the opportunity of the primary hobby charge reduce continues to be high. in June is extraordinarily high, presently at 71.5%.
Gold charge forecast
Last week, 14 analysts participated in Kitco News`s gold survey. Of which 43% of analysts are expecting that gold expenses will boom withinside the close to future. Another 14% of specialists consider that gold expenses will lower, whilst the ultimate 43% are expecting that treasured metallic expenses will circulate sideways.
Meanwhile, 296 votes have been forged in Kitco's on line polls, with the bulk of Main Street traders predicting similarly profits in gold expenses. Specifically, 173 retail investors, equal to 58%, assume gold to boom withinside the close to future. Another sixty seven people, equal to 23%, anticipated that gold expenses could lower, whilst the ultimate fifty six people, equal to 19%, had the view that treasured metallic expenses could cross sideways.
GOLD LEVELS FOR 11/03/24🌹 * GOLD LEVELS For 11/03/24 *🌹
* Trading Strategy*
These levels are of 5Minute Candle Chart & it should be traded on 1 minute chart on rejection from these levels in with confirmation (pin rejections or Engulfing).
*Stop Loss*
Below or above these levels.
*Take Profit*
If next level is near then next level should be tp otherwise 50% of next level should be tp.
🌹 *STRONG SUPPORT & RESISTANCE LEVELS* 🌹
1️⃣ * 2175 support , 2178 Resistance *
If any level breach from above then next
2️⃣ * 2169 support , 2178 Resistance *
If any level breach from above then next
3️⃣ * 2106 support , 2187 Resistance *
If any level breach from above then next
4️⃣ * 1944 support , 2187 Resistance *
Now these are the levels where you should look for trade and enter with confirmation (rejection+increase in volume, Engulfing+increase in volume)
Always remember you should only look for confirmation & trade on 1 minute chart on these level with stop 🛑 loss just below or above level.
*Resistance levels*
1) 2178.09
2) 2181.33
3) 2184.57
4) 2185.79 (week level)
5) 2187
6) 2189.44
7) 2195.91-2195.99
8) 2200.78
9) 2210.49
10) 2220.22
*SUPPORT LEVELS*
1) 2173.23
2) 2168.38 (week level)
3) 2163.51
4) 2158.65 (week level)
4) 2153.79
5) 2151.35
6) 2148.93
7) 2146.50
8) 2144.07
9) 2141.65 (week level)
10) 2139.21
11) 2134.35 (week level)
12) 2129.49
13) 2124.63 (week level)
14) 2119.77
15) 2117.36 (week level)
16) 2114.91
17) 2111.69 (weak Level)
18) 2108.43
19) 2106
🌹 *ROMEO COPY TRADE SERVICE*🌹
NF - expect a DOWN correction FRIDAY⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold, which had been rising since February 28, dropped close to $2,160 per ounce during Asian trading on Friday. Market expectations of a potential interest rate cut by the Federal Reserve in June have been supporting the price of gold. Fed Chair Jerome Powell's comments during his testimony before Congress further reinforced speculation about rate cuts.
⭐️ Personal comments NOVA:
A week that witnessed record high prices for Gold. A sudden price increase cannot avoid a DOWN correction. NF expects a downward adjustment for Gold
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2100 - $2102 SL $2096
TP1: $2110
TP2: $2120
TP3: $2130
🔥SELL GOLD zone: $2178 - $2180 SL $2185
TP1: $2170
TP2: $2160
TP3: $2150
⭐️ 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
Be cautious while gold expenses boom dramaticallyOn March 7, global gold futures settlement costs persevered to set a brand new file at 2,158 USD/oz. The safe-haven asset has multiplied for 2 consecutive months amid worldwide financial turmoil, which includes conflicts in Ukraine and the Gaza Strip, upcoming elections, and uncertainty. actuality approximately hobby charges and inflation.
Recently, Russian President Vladimir Putin warned of the opportunity of nuclear war if different international locations deployed troops to Ukraine. In addition, professionals also are involved approximately the opportunity that Donald Trump will try and withdraw americaA from NATO if re-elected as President, that may boom worldwide protection risks.
In the past, gold costs rose sharply in the course of the Great Recession and in the course of the COVID-19 outbreak. Some Wall Street economic professionals are expecting that gold costs will retain to rise, and are expecting that the valuable metallic should surpass the $2,300/ozmark or maybe better withinside the subsequent 12-sixteen months.
Gold continues to increase in priceAmidst global economic uncertainties, the international gold price continues to exhibit resilience and stability. Market analysts observe a steady upward trend in gold prices driven by ongoing geopolitical tensions and inflationary pressures. Investors seek refuge in gold as a safe-haven asset, bolstering its demand and supporting its value on the international stage. With fluctuating currencies and volatile stock markets, gold remains a reliable hedge against market volatility, attracting both institutional and retail investors seeking to diversify their portfolios. As economic uncertainties persist, the international gold price remains a beacon of stability and a cornerstone of prudent investment strategies worldwide.
Gold is going in the right direction"Gold prices surged unexpectedly today, defying market forecasts and reaching a new peak for the month. The sudden uptick was attributed to heightened geopolitical tensions in key gold-producing regions, sparking concerns over supply disruptions. Investors scrambled to hedge against potential volatility, driving demand for the precious metal.
Furthermore, the release of lackluster economic data from major economies bolstered gold's safe-haven appeal. Uncertainties surrounding global growth prospects and inflationary pressures prompted investors to flock to gold as a reliable store of value, pushing prices upwards.
Amidst this backdrop, analysts are closely monitoring the Federal Reserve's upcoming policy meeting for clues on interest rate adjustments. Any dovish signals could further buoy gold prices, while hawkish remarks may introduce volatility in the market.
In the near term, market sentiment remains cautiously optimistic as gold continues to exhibit resilience against external pressures, setting the stage for potential further gains in the coming sessions."
GOLD (XAUUSD) Powell's testimony to trigger potential correctionWelcome back! Let me know your thoughts in the comments!
** GOLD - XAUUSD Analysis - Listen to video!
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Gold rises to 2200?
Hello everyone. Gold has seen very extreme behavior recently. It has risen by $90 for three consecutive days. How does gold rise? He must fall just like this rise. This phenomenon is rare. Looking at the current trend of gold, most people are bullish. This is undoubtedly true. But beware of this being a trap laid by the main force for everyone. Because this week there will be Fed Powell’s speech, non-farm employment data and the US election. So it will have a huge impact on gold. These news and data can also cause trading difficulties for investors. So I will also share some of my trading signals here from time to time.
Gold falls below trendline support, ready to sell highAfter three consecutive trading days of sharp rises, the price of gold is currently facing a historical high of nearly 2145. The rise has slowed down. The daily line has closed out of the upper shadow line. The one-hour market has entered a stage of shock adjustment. , it doesn’t matter whether it is an adjustment to continue the upward attack or a reversal. Today, you just need to follow the idea and rebound to 2132 to sell!
The current moving average is still a golden cross, but the gold price has already fallen below the trend line support. The strong momentum will weaken in the short term, and a fall is inevitable. However, the current price of 2127 is still in a relatively embarrassing stage, and the top is facing 2134 , 2141 and 2145 pressure levels, the current price is neither chasing long nor going short. We will wait until it rebounds to the first pressure level near 2134 before considering selling!
The bullish trend in gold prices became cautious before FEDGold prices (XAU/USD) traded with a mildly negative bias entering the European session on Wednesday and retreated further from the vicinity of the all-time high retested today. before. Traders decided to trim their bullish bets following the recent strong rally witnessed over the past week or so and ahead of the Federal Reserve Chairman`s (Fed) congressional address ) Jerome Powell. Powell's comments will be closely scrutinized for further signals on the Fed's interest rate cut roadmap, which will play a key role in influencing the price dynamics of the US Dollar (USD) and creating The new directional impetus for the yellow metal is not profitable.
Additionally, traders on Wednesday will also be faced with the release of the US ADP report on private sector employment and JOLTS Job Openings data. This could further contribute to creating short-term opportunities around Gold prices ahead of the official monthly US employment details, commonly known as the Nonfarm Payrolls (NFP) report. ) on Friday. Meanwhile, worries about tensions in the Middle East, concerns about a slowdown in China and speculation that the Fed will start cutting interest rates in June are said to be weighing on the silver. green, will support precious metals.
🥇Gold🥇Roadmap🗺️🏃♂️ Gold is moving in the 🟡 Potential Reversal Zone(PRZ)($2,174-$2,107) 🟡
🌊In terms of Elliott wave theory , it seems that Gold has completed wave 3 , and we should wait for a correction to the Fibonacci levels and the 🟢 Support zone($2,070-$2,054) 🟢.
🔔I expect Gold to rise again after the completion of wave 4 (at least to the Yearly Resistance(1) ).
Gold Analyze ( XAUUSD ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
XAUDUSD: Investment managers eye the dollar for faster settlemenSome funding managers are thinking about converting their price range` running currencies to the U.S. greenback in anticipation of a U.S. flow to shorter securities agreement cycles this spring.
The extrade is in reaction to a brand new rule surpassed with the aid of using the U.S. Securities and Exchange Commission (SEC) closing year, which calls for securities inclusive of shares to settle one commercial enterprise day after trading, called T+1, begins offevolved May 28. This extrade is supposed to lessen marketplace danger.
The transition to T+1 is posing demanding situations for overseas asset managers, who want to change their neighborhood currencies for bucks to have interaction in shopping for and promoting US securities. Currently, forex trades that fund inventory trades settle in days. Regulators are adapting to make sure those transactions aren't excluded from CLS, the primary multi-forex agreement device for forex (FX) transactions.
By running their price range in bucks, custodians can limit the danger of behind schedule bills and failed transactions, as they may not want to transform their neighborhood forex inside a compressed timeframe.
Custodians inclusive of BNY Mellon are exploring methods to assist buyers in Asia with the aid of using extending agreement cut-off intervals for a number of the region's most important currencies, inclusive of the Australian greenback, yen Japanese and Singapore bucks, approximately hours. The worldwide head of FX platform income at BNY, said that this extension will permit intraday execution to maintain later withinside the day.
CLS, on the request of foreign places regulators, is likewise thinking about the opportunity of changing the cut-off date for sending forex transaction commands for next-day agreement. The employer estimates that approximately $sixty five billion an afternoon in forex trades from asset managers ought to omit the cut-off date.
CLS's CEO does now no longer anticipate an operational extrade earlier than the May cut-off date however emphasised that CLS is operating with the marketplace to locate capacity answers to the demanding situations.
A period of excitement and optimism for Gold⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) increased to a level not seen in nine weeks, just below the $2,100 threshold, early on Monday during Asian trading hours. Speculation about potential interest rate cuts later this year was fueled by discouraging economic data from the United States on Friday. Additionally, the decline in US Treasury yields gave further momentum to the upward trend in investor demand for gold. As of now, the price of gold stands at $2,085.55, showing no change throughout the day.
According to data released by the Institute for Supply Management (ISM) on Friday, the US Manufacturing PMI fell to 47.8 in February from 49.1 in the previous reading. This marks the 16th consecutive month that the index has remained below 50, which indicates a contraction in the manufacturing sector.
⭐️ Personal comments NOVA:
In an optimistic period for Gold, Gold prices need a downward adjustment if they want to surpass the 2100 mark in the first quarter of 2024.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2064 - $2066 SL $2060
TP1: $2070
TP2: $2076
TP3: $2082
🔥SELL GOLD zone: $2093 - $2095 SL $2100
TP1: $2088
TP2: $2080
TP3: $2070
⭐️ 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
Gold is bound to pull back after its sharp rise, 2085SellIt rose violently last Friday. I personally believe that gold prices do not have the conditions to move unilaterally in the near future, and shocks are inevitable! From a technical point of view, after the gold price surges, there is a need to fall back and adjust! So I sold it at 2085!
The price of gold has now reached the key high near the 2100 mark again. The daily line is currently blocked by the previous high of 2088. If it were not for stimulating events, it would be difficult to continue to remain strong in the near future! It was expected to fall first. Plan your transaction, trade your plan, and the transaction will become very easy. The current trend is clear and the points are clear, so don’t hesitate and sell directly!
Gold prices returned to historic highsGOLD this morning there's no Gap. Currently shifting sideways to accumulate. At this rate, I suppose GOLD can nonetheless growth further, everybody.
> This region everybody must discuss with Buy GOLD round 2080>2082
SL 2079
City 2086>2100
If in this day Gold falls thru the Accumulation Zone as above, everybody must watch to Sell Strongly whilst GOLD falls to the 207x Zone. During this period, I additionally wish there might be a mild restoration wave at round 5>10 prices. Let the Sellers get rid of their orders 😊.
>This is my opinion. Everyone, please observe alongside to go into the order. If there's any information, I will replace more ❤️❤️
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World gold charges these days stand at a excessive stage because of expectancies of loosening economic coverage through the United States Federal Reserve (Fed) after the discharge of extremely susceptible US financial reports.
Although charges have recovered, many analysts are involved that gold may also face difficulties. After on every occasion the treasured metallic breaks the resistance stage, the marketplace fast gets a sell-off cause for profit-taking through buyers. Profit-taking may want to push charges lower back into the variety that has been in area for a while now.
Last week, 14 analysts participated in Kitco News`s gold survey. Surprisingly, no person predicts gold charges will lower withinside the close to future. The survey suggests that 79% of analysts assume that gold charges will boom withinside the close to future, the final 21% assume that gold charges will pass sideways.
This week, the marketplace will watch for the February non-farm payroll report. This employment information is taken into consideration very crucial through buyers and might do away with the whole lot that gold had final week. .
Many reviews say that if global gold charges keep to boom sharply
Not yet enter yet, Wait for sweep to go down. {4/03/2024}Educational Analysis says XAUUSD may move in this range for some time according to my technical.
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why this range?
Because Gold Made a lot of gains last year 2023, May is a time to push down a bit and there will be a lot of liquidity.
So Waiting for the market to get liquidated and start to shoot down.
Although it is in an uptrend, the market may come down to collect sell-side liquidity and fill fair value gaps. Then shoots up to the new high.
Let's see what this pair brings to the table in the future for us.
Please check the Comment section on how it turned out for this trade.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS,
Happy Trading, Fx Dollars.