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XAU continues sideways - accumulate waiting for new ATH 2705 ✍️ NOVA hello everyone, Let's comment on gold price next week from 10/07 - 10/11/2024 🔥 World situation: Gold prices pulled back after a stronger-than-expected US jobs report suggested that the labor market remains robust, indicating the Federal Reserve (Fed) may ease policy in smaller 25-basis-point increments. Currently, XAU/USD is trading at $2,643, down 0.40%. The US Bureau of Labor Statistics (BLS) reported strong job growth for September, easing concerns about the labor market. This reduced pressure on the Fed, which had previously cut interest rates by 0.50% in September amid concerns about reaching its maximum employment goal. 🔥 Identify: Gold price is sideways - accumulating in a large range of 2625 - 2681. The uptrend on the H4 frame is still stable and waiting for new momentum to reach the next new ATH. In the context of escalating Middle East tensions - gold price continues to increase strongly this year. 🔥 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: $2671, $2685, $2705 Support : $2626, 2588 🔥 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:XAUUSDLong
by Nova-Scalper
1
10/4/24 wait news ATH from XAU ! NF XAU / USD trend forecast October 4, 2024 Gold price (XAU/USD) continues trading within a narrow range, as traders await a new catalyst to determine the next directional move. Attention is focused on the upcoming US Nonfarm Payrolls (NFP) report, set to be released later on Friday. The data could shape expectations about the pace of the Federal Reserve's rate cuts, impacting US Dollar demand and influencing gold prices. NF and war tensions are the main drivers for gold prices to continue to rise - creating new ATH /// SELL XAU : zone 2698-2700 SL: 2706 TP: 50 - 100 - 200 pips (2680) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
1
XAU 10/3 ! break and buy now ! touch old ATH 2681XAU / USD trend forecast October 3, 2024 Gold price (XAU/USD) remains under pressure during Thursday's Asian session due to a stronger US Dollar, supported by reduced expectations of aggressive Fed rate cuts. Wednesday's positive US ADP report highlighted labor market stability, causing investors to further lower their bets on a large rate cut in November. As a result, the USD Index (DXY) reached a three-week high, weakening demand for gold. Gold price moves in large range - touches H2 downtrend trendline Upward view based on world war tension in the middle east /// BUY XAU : zone 2641-2644 SL: 2636 TP: 50 - 100 - 300 pips (2671) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
6
10/2 XAU | USD increased by war conflictXAU / USD trend forecast October 2, 2024 Iran launched ballistic missiles at Israel on Tuesday in response to Israel's actions against Hezbollah in Lebanon, boosting demand for safe-haven gold. Israeli Prime Minister Benjamin Netanyahu vowed Iran would face consequences, while Iran warned of massive destruction in retaliation, escalating the risk of a wider Middle East conflict. Meanwhile, the US JOLTS report revealed a surprising rise in job openings for August, reaching 8.04 million. /// BUY XAU : zone 2635-2637 SL: 2629 TP: 50 - 100 - 300 pips (2665) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
1
XAU ! 9/27 waiting for 2700 increaseXAU / USD trend forecast September 27, 2024 The US Dollar is struggling to extend Wednesday's recovery due to dovish Fed expectations, which continue to support Gold prices. Although some Fed officials have pushed back against aggressive easing, markets are still anticipating a 50 basis point rate cut in November. Fed Chair Jerome Powell’s speech on Thursday will be closely watched for guidance on future rate cuts and the direction of XAU/USD. Key US data, including Q2 GDP, Jobless Claims, and Durable Goods Orders, along with comments from other FOMC members, may also influence the market. Based on M30, Uptrend still dominates long-term frames H1, H4 /// BUY XAU : zone 2655-2652 SL: 2647 TP: 50 - 150 - 300 pips (2682) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
2
2702 ! XAU/USD offers the most positivity ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold price (XAU/USD) edged lower during Friday’s Asian session but remains close to the recent record high. The US Dollar (USD) recovers some of its previous losses as traders adjust positions ahead of the US Personal Consumption Expenditure (PCE) Price Index release. This, combined with a positive market sentiment and overbought signals, creates pressure on gold. However, expectations of more aggressive rate cuts from the Federal Reserve (Fed) may limit any significant USD gains. Additionally, ongoing geopolitical tensions in the Middle East continue to support safe-haven assets like gold, helping to cushion its decline. Traders await the US inflation data, which could impact the Fed's rate-cut plans and drive gold’s next move. ⭐️Personal comments NOVA: Friday with PCE news brings gold's strongest week of gains - ATH target reaches 2702 ⭐️SET UP GOLD PRICE: 🔥BUY GOLD zone: $2655 - $2653 SL $2650 scalping TP1: $2660 TP2: $2670 TP3: $2680 🔥BUY GOLD zone: $2642 - $2640 SL $2635 TP1: $2655 TP2: $2662 TP3: $2670 🔥SELL GOLD zone: $2701 - $2703 SL $2708 TP1: $2690 TP2: $2680 TP3: $2660 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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:XAUUSDLong
by Nova-Scalper
5
XAU ! price increase ATH 2691 ! 9/26XAU / USD trend forecast September 26, 2024 The US Dollar is struggling to maintain Wednesday's recovery gains due to expectations of a dovish Federal Reserve, which supports Gold prices. Despite efforts from Fed officials to downplay the chances of aggressive easing, markets are still expecting a 50 basis point rate cut in November. Fed Chair Jerome Powell’s speech on Thursday will be closely watched for signals on future rate cuts and the direction of XAU/USD. Key US data, including Q2 GDP, Weekly Jobless Claims, and Durable Goods Orders, along with speeches from other FOMC members, could also impact the outlook. Based on M30, break resistance 2670 , ATH new /// BUY XAU : zone 2653-2650 SL: 2645 TP: 50 - 150 - 300 pips (2680) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
2
GDP ! Opportunities for Gold to continue rising this week⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) continues its sideways movement for the second day on Thursday, staying close to the recent record high. Traders are holding off ahead of Federal Reserve (Fed) Chair Jerome Powell's speech, which could offer insights into future interest rate cuts and influence gold’s next direction. Meanwhile, expectations of another significant rate cut by the Fed haven't helped the US Dollar (USD) recover from its recent low. Additionally, escalating tensions in the Middle East and concerns about China's economic recovery, despite stimulus efforts, support gold as a safe-haven asset. However, with gold slightly overbought, caution is advised before betting on further gains. ⭐️ Personal comments NOVA: Uptrend is still the main trend - Today there continues to be US GDP news, waiting for the FOMO price increase to continue for Gold, a green week for XAU / USD ⭐️SET UP GOLD PRICE: 🔥 BUY GOLD zone: $2643 - $2641 SL $2638 scalping TP1: $2648 TP2: $2652 TP3: $2660 🔥 BUY GOLD zone: $2627 - $2625 SL $2620 TP1: $2635 TP2: $2645 TP3: $2660 🔥 SELL GOLD zone: $2683 - $2685 SL $2690 TP1: $2670 TP2: $2655 TP3: $2640 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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:XAUUSDLong
by Nova-Scalper
8
9/25 ! XAU increased strongly ! New ATH 2682XAU / USD trend forecast September 25, 2024 Following the data release, US Treasury yields fell slightly, with the 10-year note dropping to 3.73%. The US Dollar Index (DXY) also declined by 0.42%, hitting a two-day low of 100.48. Fed Governor Michelle Bowman, known for her hawkish stance, emphasized significant inflation risks and supported a gradual approach to rate cuts to avoid reigniting inflation. Based on M30, NEW ATH to set up SELL signal /// SELL XAU : zone 2681-2684 SL: 2689 TP: 50 - 150 - 300 pips (2654) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
1
XAU is up strongly! 2640XAU / USD trend forecast September 24, 2024 On Monday, Fed regional presidents noted rising risks in the labor market but opposed a 50 bps rate cut, signaling a cautious approach for future meetings. This slowed the XAU/USD rally. However, escalating tensions between Israel and Hezbollah, with the US sending more troops to the Middle East, could boost Gold prices as risk appetite declines. Based on M45, NEW ATH to set up SELL signal /// SELL XAU : zone 2639-2642 SL: 2647 TP: 50 - 150 - 250 pips (2617) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
5
Is $2600 approaching XAU price?⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) climbed for the third consecutive day, hitting a new all-time high of $2,589 during Monday’s Asian session. Traders are factoring in the possibility of a larger Fed rate cut due to signs of easing US inflation, which has weakened the US Dollar near its yearly low, boosting gold. Additionally, US political uncertainty and ongoing geopolitical risks continue to support demand for the safe-haven metal. However, a positive tone in global equities limits further gains. Traders are cautious ahead of key central bank decisions from the Fed, BoE, and BoJ this week. ⭐️ Personal comments NOVA: Gold price is still on the path to increase in price to reach a new ATH - Positive FOMO from the market before the news of interest rate reduction this week ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2565 - $2563 SL $2558 TP1: $2572 TP2: $2580 TP3: $2590 🔥BUY GOLD zone: $2551 - $2549 SL $2544 TP1: $2557 TP2: $2563 TP3: $2570 🔥SELL GOLD zone: $2600 - $2602 SL $2607 TP1: $2590 TP2: $2575 TP3: $2560 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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:XAUUSDLong
by Nova-Scalper
3
FOMC - Special important information next week ✍️ NOVA hello everyone, Let's comment on gold price next week from 9/16 - 9/20/2024 🔥 World situation: Gold prices soared to a new all-time high of $2,586, driven by a weakening US Dollar on Friday. Expectations of a larger Fed rate cut are fueling the rally, with some predicting gold could reach $3,000. XAU/USD is currently trading at $2,582, up nearly 1%. CME FedWatch Tool data shows increased bets on a 50-basis-point rate cut by the Fed, jumping from 27% to 43% after a Wall Street Journal article by Nick Timiraos and comments from former New York Fed President William Dudley. Meanwhile, odds for a 25 bps cut fell to 57%. 🔥 Identify: Gold price officially created ATH 1 week before FOMC, this is the psychology that FED will almost certainly lower interest rates next week. The higher ATH target next week continues to take place but not too large. Expected new ATH zones: 2602, 2638 🔥 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: $2602, $2638, 2676 Support : $2559, $2531, 2505 🔥 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:XAUUSDLong
by Nova-Scalper
6
FOMO - reach higher ATH! XAU maybe reach 2590⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) held onto modest gains early Friday, trading near the record high of $2,565-$2,570. Thursday’s softer US Producer Price Index (PPI) report signaled easing inflation, boosting expectations of a larger Fed rate cut next week. This was supported by falling US Treasury yields and a weaker US Dollar, benefiting the non-yielding metal. Geopolitical tensions in the Middle East and the Russia-Ukraine conflict also bolster gold's safe-haven appeal. The recent breakout from a multi-week range suggests further upside, though bulls may remain cautious ahead of next week’s key central bank decisions from the Fed, BoE, and BoJ. ⭐️ Personal comments NOVA: Break old ATH 2531, fomo Gold price has huge buying pressure. Continue to expect the price range of 2590, the new ATH for Gold ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2547 - $2545 SL $2542 TP1: $2552 TP2: $2560 TP3: $2570 🔥BUY GOLD zone: $2530 - $2528 SL $2523 TP1: $2540 TP2: $2550 TP3: $2560 🔥SELL GOLD zone: $2590 - $2592 SL $2597 TP1: $2575 TP2: $2560 TP3: $2550 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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:XAUUSDLong
by Nova-Scalper
10
PPI ! Catalyst for Uptrend ! XAU INCREASE⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) have pared some intraday gains but remain above the $2,500 mark during early European trading on Thursday. Wednesday's US Consumer Price Index (CPI) report showed persistent inflation, dampening hopes for a larger Fed rate cut. This boosted US Treasury yields and the Dollar, weighing on gold. A positive tone in equity markets also limits gold’s upside. However, expectations of a Fed rate cut in September, and more easing later this year, help support prices. Traders are cautious, awaiting the US Producer Price Index (PPI) for further direction. ⭐️ Personal comments NOVA: The long-term frame supports the Uptrend. We hope to see a new ATH soon ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2503 - $2505 SL $2498 TP1: $2510 TP2: $2520 TP3: $2530 🔥BUY GOLD zone: $2492 - $2490 SL $2485 TP1: $2497 TP2: $2503 TP3: $2510 🔥SELL GOLD zone: $2543 - $2545 SL $2550 TP1: $2535 TP2: $2520 TP3: $2510 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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:XAUUSDLong
by Nova-Scalper
5
CPI! Gold price has a chance to reach ATH⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) have maintained a positive trend for the third consecutive day on Wednesday, hovering near the weekly high around $2,520. However, buying momentum is limited as traders await the US Consumer Price Index (CPI) data later in the day. This report will be crucial in shaping expectations for the Fed’s rate cut decision in mid-September, influencing gold's movement. The anticipation of a Fed rate cut is putting pressure on the US Dollar, while weaker equity markets are supporting demand for safe-haven gold. Despite the cautious trading, the outlook remains bullish, with further gains likely if prices break above the $2,525 level. ⭐️ Personal comments NOVA: Gold prices are gradually showing a more stable price increase - CPI opportunity for today's price increase ⭐️SET UP GOLD PRICE: 🔥BUY GOLD zone: $2501 - $2499 SL $2494 TP1: $2510 TP2: $2520 TP3: $2530 🔥SELL GOLD zone: $2528 - $2530 SL $2535 TP1: $2520 TP2: $2510 TP3: $2500 🔥SELL GOLD zone: $2543 - $2545 SL $2550 TP1: $2535 TP2: $2520 TP3: $2510 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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:XAUUSDLong
by Nova-Scalper
11
XAU ! 9/10 ! The uptrend continues.XAU / USD trend forecast September 10, 2024 Gold (XAU/USD) is exchanging hands above $2,500 on Tuesday, sticking within its familiar range of the last few weeks as traders assess the outlook for monetary policy and the future path of interest rates in the US, a key performance indicator for Gold. Recent mixed US jobs’ data brought into doubt market expectations of the Federal Reserve (Fed) making an above-standard 0.50% (50 bps) cut to its fed funds rate at the September 18 meeting. This, in turn, had a negative impact on Gold, which tends to appreciate the more interest rates fall because that increases its attractiveness to investors as a non-interest paying asset. Based on M30, resistance and EMA 200 line, TRENDLINE to set up SELL signal /// SELL XAU : zone 2520-2523 SL: 2528 TP: 50 - 150 - 200 pips (2503) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
1
September - Target to reach new ATH XAU/USD✍️ NOVA hello everyone, Let's comment on gold price next week from 9/2 - 9/6/2024 🔥 World situation: Gold prices dropped over 0.90% on Friday, falling below $2,500 for the second time this week after the US Department of Commerce reported that inflation continues to decline, as shown by July’s core Personal Consumption Expenditures (PCE) Price Index. Currently, XAU/USD is trading at $2,497, after reaching a high of $2,526 earlier. The US Bureau of Economic Analysis (BEA) revealed that the Fed’s preferred inflation measure, the core PCE, slightly missed expectations but matched June’s figures. This data supports the Fed's plans to begin easing monetary policy at the September meeting, though the size of the initial rate cut remains uncertain. 🔥 Identify: Gold price adjustment to the sideway zone below 2490 - 2500 is essential for a strong increase in the upcoming price. The Uptrend is still dominant in the long-term frames H1, H4, D1 🔥 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: $2531, $2542, 2590 Support : $2473, $2425 🔥 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:XAUUSDLong
by Nova-Scalper
6
XAU / USD ! Sideway to growth over 2531 soonXAU / USD trend forecast August 29, 2024 "Gold prices (XAU/USD) are recovering on Thursday after hitting weekly lows below $2,500 per troy ounce. Expectations of US interest rate cuts could boost gold demand, as lower rates decrease the opportunity cost of holding non-yielding assets like gold. Political uncertainty in the US, geopolitical tensions in the Middle East, and global economic worries also support gold's upward trend. However, a stronger US Dollar could pressure gold prices, making it more expensive for international buyers. Investors will focus on the second estimate of the US Q2 GDP on Thursday for insights into the Fed’s rate cut pace. Additionally, July's US Personal Consumption Expenditures (PCE) Price Index data, due Friday, will be closely watched." The longer the sideway accumulation - the stronger the breakout. Wait for XAU to touch new ATH in late August 2024 /// SELL XAU : zone 2540-2543 SL: 2548 TP: 50 - 150 - 250 pips (2518 ) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
3
XAU !! Try to surpass ATH by the end of August 2024⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices surged past $2,500 per ounce on Wednesday, driven by rising tensions in the Middle East. Fed Chair Jerome Powell's recent comments at Jackson Hole, hinting at imminent rate cuts, also boosted the metal, as lower rates make gold more appealing by reducing the cost of holding it. Investors are now looking to Fed officials Christopher Waller and Raphael Bostic, who will speak on Wednesday, for further clues on interest rates. Attention will then turn to the Q2 GDP and PCE data due later this week. Stronger-than-expected results could strengthen the US Dollar and limit gold's gains. ⭐️ Personal comments NOVA: The movement in the price fluctuation range above $2,500 creates very good momentum for Gold with a high possibility of reaching a new ATH. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2495 - $2493 SL $2488 TP1: $2500 TP2: $2515 TP3: $2530 🔥SELL GOLD zone: $2557 - $2559 SL $2564 TP1: $2550 TP2: $2540 TP3: $2530 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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:XAUUSDLong
by Nova-Scalper
6
waiting for new ATH XAU !! 8/26 The Gold price (XAU/USD) trades with mild losses near the $2,500 psychological support on Monday. However, the downside of the precious metal might be limited amid rising expectations that the US Federal Reserve (Fed) will begin lowering borrowing costs in September. Lower interest rates are generally positive for Gold as it reduces the opportunity cost of holding the non-interest paying asset. Furthermore, the escalating geopolitical tensions in the Middle East and the economic uncertainty are likely to boost the safe-haven demand, benefiting Gold price. On the other hand, the sluggish demand in the Chinese economy might undermine the yellow metal as China is the largest producer and consumer of gold worldwide. Later on Monday, the US July Durable Goods Orders are due. The highlights for this week will be the preliminary US Gross Domestic Product Annualized (GDP) for the second quarter and the Personal Consumption Expenditures-Price Index (PCE) for July, which will be released on Thursday and Friday, respectively. 2024 will be the year of the strongest increase of Gold: old ATH 2531 and continue the upward trend According to the M30 trendline, wait for the price to retest the supply zone. then increase again BUY XAU: ZONE 2517 - 2515 SL: 2511 TP: 40 - 80 - 150 PIPS ( 2530 ) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
5
XAU end of August, still expecting new ATH✍️ NOVA hello everyone, Let's comment on gold price next week from 8/26 - 8/30/2024 🔥 World situation: Gold prices rose by over 1% on Friday, reaching $2510, as the US Dollar and Treasury bond yields fell after Federal Reserve Chair Jerome Powell's dovish comments. Powell expressed confidence that inflation is moving towards the 2% target and suggested that rate cuts are on the horizon. The price of XAU/USD rebounded from a daily low of $2484 following Powell's remarks, where he emphasized the need for policy adjustments and highlighted the Fed's focus on maximizing employment. 🔥 Identify: The correction down to the 2472 zone (BREAK AND RETEST) happened very quickly. Gold price continued to be excited by the market, increasing above the 2500 zone, still optimistic about the price at the end of August 2024. 🔥 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: $2531, $2559, 2592 Support : $2498, $2472, $2450 🔥 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:XAUUSDLong
by Nova-Scalper
7
Gold Continues on ATH Bullish Path⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) saw slight losses on Monday as investors paused after the recent record high, waiting for more clarity on the Federal Reserve's (Fed) policy plans. Attention is now on the release of the July FOMC meeting minutes on Wednesday and Fed Chair Jerome Powell's speech at the Jackson Hole Symposium on Friday. His comments will be key in guiding expectations for future interest rate cuts, which will influence the US Dollar (USD) and gold's next move. Meanwhile, the growing belief that the Fed will start easing rates in September, due to signs of cooling inflation, has pushed the USD Index (DXY) to its lowest level since January. Ongoing geopolitical tensions in the Middle East and the Russia-Ukraine war continue to support gold. However, a positive market sentiment and hopes for a Gaza ceasefire may limit significant gains for XAU/USD. Despite this, the overall outlook favors bulls, with any significant dip likely seen as a buying opportunity. ⭐️ Personal comments NOVA: Gold price is currently sideways around $2500, accumulating waiting for FOMC interest rate information on Wednesday. Still supporting the Uptrend ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2478 - $2480 SL $2473 TP1: $2495 TP2: $2510 TP3: $2530 🔥SELL GOLD zone: $2530 - $2532 SL $2537 TP1: $2520 TP2: $2510 TP3: $2500 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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:XAUUSDLong
by Nova-Scalper
12