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$2400 becomes very close - Gold price rally continues⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) hit a record high near $2,390 during early Asian session on Friday due to market expectations of a US Federal Reserve interest rate cut. Chinese central bank's gold purchase and ongoing geopolitical tensions in the Middle East also contribute to the increase. Analysts predict that despite concerns about higher-than-expected inflation, the US Fed will still proceed with three 25-basis point rate cuts this year. ⭐️ Personal comments NOVA: Gold price continues to increase strongly - breaking the resistance structure. In the context of the US economy, there are still many difficulties. Gold metal has become the top priority investment channel. Gold prices continue to reach new peaks this year ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2361 - $2359 SL $2354 TP1: $2370 TP2: $2378 TP3: $2390 🔥SELL GOLD zone: $2398 - $2401 SL $2405 TP1: $2390 TP2: $2380 TP3: $2370 🔥BUY GOLD zone: $2350 - $2352 SL $2345 TP1: $2361 TP2: $2370 TP3: $2378 ⭐️ 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
CPI - factor affecting the increase in Gold price⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices pulled back from all-time highs on Tuesday, dropping to $2,346 after reaching $2,365. This was due to a risk-on sentiment and declining US Treasury yields. The US economic calendar was light, with the NFIB Small Optimism Index falling for the third consecutive month. Traders are now awaiting the release of the US Consumer Price Index and the Federal Open Market Committee Minutes on Wednesday. ⭐️ Personal comments NOVA: The uptrend line continues - today's CPI data, according to economic experts, is still not positive for the dollar - Gold prices still have many new rising motivations ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2328 - $2326 SL $2321 TP1: $2340 TP2: $2355 TP3: $2370 Pay attention to the psychological resistance zone $2398-$2400 🔥SELL GOLD zone: $2371 - $2373 SL $2376 scalping TP1: $2360 TP2: $2355 TP3: $2350 ⭐️ 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
DOW model for Gold price Increase ! record high⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: During the Asian session on Monday, the price of gold (XAU/USD) has attracted some buying interest around the $2,300 level and has reached a new all-time high in the last hour. The rally in the precious metal over the past couple of weeks has been driven by expectations that the Federal Reserve (Fed) will eventually cut rates in 2024, as well as buying from the Chinese central bank. However, with the daily chart showing extremely overextended conditions, traders may be hesitant to place new bullish bets amidst easing geopolitical tensions and a positive risk sentiment, which typically diminishes demand for safe-haven assets like gold. ⭐️ Personal comments NOVA: With the strong increase of Gold Monday, FOMO is at its peak at the present time. The Uptrend shows no signs of stopping, the target continues to rise to 2400 in the second quarter of 2024 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2301 - $2303 SL $2297 TP1: $2315 TP2: $2322 TP3: $2330 🔥SELL GOLD zone: $2367 - $2369 SL $2375 TP1: $2360 TP2: $2345 TP3: $2330 ⭐️ 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
1
NF - Gold price continues to trend UP ⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Traders may wait for more information about the Fed's interest rate-cut plans before making bets on the non-yielding Gold price. They will be closely watching the release of the US monthly employment details, known as the Nonfarm Payrolls (NFP) report, later in the North American session. If there is any disappointment, it could indicate a weakening labor market and increase the likelihood of a June Fed rate cut. This could lead to more selling of USD and support for gold. ⭐️ Personal comments NOVA: Gold price is having a DOWN correction below the $2280 area. However, the UP trend is still the dominant trend, many opportunities for Gold to continue to create new peaks ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2260 - $2258 SL $2253 TP1: $2275 TP2: $2290 TP3: $2308 🔥SELL GOLD zone: $2308 - $2310 SL $2315 TP1: $2300 TP2: $2290 TP3: $2280 ⭐️ 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
DOW model - Bull cycle of Gold !!⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) surged above $2,300, reaching an all-time high during the early Asian session. This was driven by weaker-than-expected US ISM Services PMI data for March and speculation that the Federal Reserve has reached the peak of the rate hike cycle, resulting in increased demand for gold. Market expectations of rate cuts in June also contributed to the momentum, with a 62% probability of a rate cut at the Fed's June 11-12 policy meeting according to the CME FedWatch Tool. ⭐️ Personal comments NOVA: DOW model - Gold price increases steadily. Gold's strong upward trend will continue ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2280 - $2282 SL $2275 TP1: $2290 TP2: $2295 TP3: $2300 🔥SELL GOLD zone: $2318 - $2320 SL $2325 TP1: $2310 TP2: $2300 TP3: $2290 ⭐️ 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
13
ADP NF - Gold price target $2300⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) is entering a bullish consolidation phase after reaching a new all-time high around the $2,288-2,289 area during the Asian session on Wednesday. This is mainly due to persistent geopolitical risks from the Russia-Ukraine war and conflicts in the Middle East, which have dampened investor interest in riskier assets. As a result, there is a generally weaker tone in equity markets, making gold an attractive safe-haven investment. ⭐️ Personal comments NOVA: Gold price is about to reach $2,300, with no signs of stopping yet. Gold's strong growth is mainly due to FOMO from the market ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2266 - $2264 SL $2260 TP1: $2280 TP2: $2292 TP3: $2300 🔥SELL GOLD zone: $2298 - $2300 SL $2305 TP1: $2290 TP2: $2280 TP3: $2270 🔥SELL GOLD zone: $2312 - $2314 SL $2318 TP1: $2300 TP2: $2295 TP3: $2290 ⭐️ 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
7
Gold's Bull Cycle!! $2300⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) remained within a range during the Asian session on Tuesday. It consolidated its recent gains, reaching an all-time high of around $2,265-2,266. The release of positive US manufacturing data has raised doubts about the Federal Reserve's plans to cut interest rates three times this year. As a result, US Treasury bond yields have increased, pushing the US Dollar (USD) to its highest level since February 14th. This has undermined the value of gold. However, there is still a possibility that the Fed will begin cutting rates in June, along with ongoing geopolitical risks in the Middle East. These factors should help limit losses for gold as a safe-haven asset. It is advisable to wait for significant selling pressure before confirming that XAU/USD has reached its peak in the short term. ⭐️ Personal comments NOVA: Gold prices show that the market's fomo and excitement is huge. Today's news data also supports Gold prices continuing to reach new ATH ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2222 - $2224 SL $2217 TP1: $2230 TP2: $2238 TP3: $2248 🔥SELL GOLD zone: $2278 - $2280 SL $2285 TP1: $2270 TP2: $2260 TP3: $2250 ⭐️ 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
7
New era of Gold, Gold price continues to Increase✍️ NOVA hello everyone, Let's comment on gold price next week from 1/4 - 5/4/2024 🔥 World situation: The price of gold hits all-time highs near $2,230 per ounce, aiming for a fifth consecutive session of gains on Friday. Trading volumes are low due to Good Friday observance. The allure of gold is attracting buyers as market sentiment suggests that major central banks will start cutting interest rates this year. Investors have confidence in gold and anticipate three rate cuts from the US Federal Reserve in the coming months, according to Chicago Fed President Austan Goolsbee, who leans toward a dovish stance. Goolsbee emphasizes the need for more evidence of inflation subsiding before taking action. 🔥 Identify: Gold Prices Despite Key Economic Data Good for the Dollar, Rising and Reaching All-Time Highs. FOMO and the tense world situation are the main driving forces to help Gold prices continue to increase in the near future 🔥 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: $2238, $2260, $2300 Support : $2210, $2195, $2157 🔥 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
2
GDP is the deciding factor for Gold price increase today⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices have been steadily increasing during the North American session on Wednesday, with buyers specifically targeting the $2,200 mark. Due to a lack of significant economic events in the United States (US), investors have been purchasing gold in response to growing speculation that the Federal Reserve (Fed) may cut interest rates in June. As of now, the XAU/USD is trading at $2,192, reflecting a gain of 0.63% or $13. The decline in US Treasury yields is supporting the price of gold, which does not generate any yield itself. The US 10-year benchmark note rate currently stands at 4.19%, having dropped by four basis points. Consequently, US real yields have also decreased from 1.914% on Tuesday to 1.87% at the time of writing, creating a headwind for the US dollar. ⭐️ Personal comments NOVA: Gold price moved close to the trend break border, trading above the $2190 area. Today's economic data is expected to continue to increase for Gold Near-term target $2220 for Gold this week ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2178 - $2180 SL $2173 TP1: $2185 TP2: $2190 TP3: $2195 🔥SELL GOLD zone: $2220 - $2222 SL $2227 TP1: $2210 TP2: $2200 TP3: $2190 ⭐️ 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
Gold Price is gradually coming the next trend for Gold⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: During Wednesday's Asian session, there is a noticeable interest in buying gold (XAU/USD) at a lower price. This has temporarily halted the downward movement that occurred towards the end of the previous day, just as it approached the significant $2,200 level. The Federal Reserve (Fed) stated last week that it intends to reduce interest rates by 75 basis points in 2024. This, combined with a cautious market sentiment due to concerns about geopolitical risks arising from the ongoing Russia-Ukraine conflict and conflicts in the Middle East, are important factors contributing to the support of gold as a safe-haven asset. ⭐️ Personal comments NOVA: In the long-term frame, Gold price is still in an UP trend, but purchasing power has gradually decreased. The sideway amplitude $2150 - $2180 is gradually breaking and has a new trend in early April 2024 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2150 - $2152 SL $2145 TP1: $2160 TP2: $2168 TP3: $2176 🔥SELL GOLD zone: $2193 - $2195 SL $2200 TP1: $2180 TP2: $2170 TP3: $2160 ⭐️ 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
UPDATE: Gold almost VERTICAL! Target remains at $2,236Gold has been moving very nicely this year. First it broke out of a MASSIVE Symmetrical Triangle that lasted an entire year of sideways movements. Then it shot up, formed a W Formation and then just rallied up with a high inclination. I'm talking over 60 degrees up. So, the momentum is strong (bubble style) but still strong. And the target remains at $2,236. We could then get some consolidation and some steam off by SMart Money, before the buying saga continues. I'm a raging gold bull!
COMEX:GC1!Long
by Timonrosso
Gold prices hit record highs !! XAU increase⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) has capitalized on its recent breakout momentum and reached a new record high, around the $2,152 range on Wednesday. This surge comes as there are expectations for an imminent change in the Federal Reserve's (Fed) policy stance. Fed Chair Jerome Powell's remarks have reinforced these expectations, stating that the central bank anticipates lowering its benchmark interest rate later this year. However, Minneapolis Fed President Neel Kashkari downplays speculations of a more aggressive easing of policies, providing some support for the US Dollar (USD) and preventing it from further declining to its lowest level since February. Consequently, this curbs additional gains for gold, especially considering the extreme overextension seen on the daily chart. Simultaneously, any significant corrective decline in the price of gold appears unlikely due to ongoing geopolitical tensions. Furthermore, concerns regarding China's economic slowdown, as the second-largest economy globally, may continue to serve as a supportive factor for this safe-haven precious metal. Additionally, investors may choose to remain cautious ahead of Powell's second day of testimony before the Senate Banking Committee and the release of the highly anticipated US monthly employment data. ⭐️ Personal comments NOVA: Gold price reached a record high price of over $2,160. The buying pressure is huge, the next target is $2180 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2134 - $2132 SL $2128 TP1: $2140 TP2: $2150 TP3: $2160 🔥SELL GOLD zone: $2180 - $2178 SL $2185 TP1: $2170 TP2: $2160 TP3: $2153 ⭐️ 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
1
ADP - NF, waiting for Gold price to touch $2150⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) declines during Asian session on Wed, partially reversing previous day's gains. Profit-taking and repositioning trade ahead of Fed Chair Powell's testimony may be contributing factors. Investors will closely analyze Powell's remarks for clues about Fed's rate-cut path and its impact on USD, which will influence gold price dynamics. ⭐️ Personal comments NOVA: Still giving priority to the rise of Gold, the market is too positive and looking forward to a new ATH point for Gold ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2080 - $2082 SL $2075 TP1: $2095 TP2: $2110 TP3: $2130 Can Scalping BUY area 2110-2108 🔥SELL GOLD zone: $2148 - $2150 SL $2155 TP1: $2140 TP2: $2125 TP3: $2110/b] ⭐️ 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
9
UPDATE: Pan Africa hit the target at R.475 - Do we sell?Well this analysis took forever. The price broke above the Broadening Reverse Symmetrical Triangle (If there is such a thing) in June 2023. If you held on this long to exit and bank a profit, you would be lucky if you even made some money considering the daily interest charges on CFDs... However as a share and equity investor, this position would have been the perfect medium term trade. Sometimes, when I project such large targets, I think of just going back into equities. Regardless, the trend id still up - Gold is still bullish and out other Gold positions are all longs. So, keep to the trend until it bends... Uncle T out.
JSE:PANLong
by Timonrosso
1
$2150, sudden increase from Gold⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: During the early European session on Tuesday, the price of gold (XAU/USD) is observed to be fluctuating within a range. It is currently consolidating its recent significant gains, reaching a three-month high around the $2,120 mark touched the previous day. Traders are displaying hesitancy and prefer to wait for further indications regarding the Federal Reserve's (Fed) potential rate cuts before making any new directional bets. As a result, all eyes will be on Fed Chair Jerome Powell's two-day congressional testimony, set to commence on Wednesday. In addition to this, investors will be faced with the release of crucial US macroeconomic data at the start of the new month. This includes the highly influential monthly employment data, or the Nonfarm Payrolls (NFP) report, scheduled for Friday. Consequently, this data will have a significant impact on the demand for the US Dollar (USD) and subsequently provide fresh momentum for the precious metal. Meanwhile, expectations of rate cuts by the Fed in June are keeping USD bulls on the defensive and offering support to gold, which does not yield interest. ⭐️ Personal comments NOVA: Outstanding growth from Gold, Nearest resistance zone $2150 Gold soon reached ⭐️ SET UP GOLD PRICE: 🔥SELL GOLD zone: $2148 - $2150 SL $2155 TP1: $2140 TP2: $2130 TP3: $2120 ⭐️ 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
2
Test $2060, continuing the UP trend ! XAU ✍️ NOVA hello everyone, Let's comment on gold price next week from 4/3 - 8/3/2024 🔥 World situation: The ISM February Manufacturing PMI decreased to 47.8 from 49.1, indicating a contraction in the U.S. manufacturing sector. Timothy Fiore, Chair of the Institute for Supply Management, mentioned that the rate of contraction was faster than in January, with a slowdown in demand, decrease in output, and continued support for inputs. As a result of the data, Gold prices experienced a significant increase as U.S. Treasury bond yields dropped, leading to expectations of earlier-than-anticipated rate cuts. Consequently, XAU/USD prices surged aggressively, reaching a new high for the year at $2,087.45, while U.S. Treasury bond yields fell. The yield of the U.S. 10-year Treasury bond declined by five and a half basis points (bps) to 4.197%, and real yields, as measured by the 10-year Treasury Inflation-Protected Securities (TIPS) yield, decreased from 1.934% to 1.878%. These developments had a negative impact on the value of the U.S. Dollar (USD). 🔥 Identify: Gold price increased sharply after the 6th PMI news. Continuing the upcoming UP trend of Gold Break out of the $2060 area, a huge buying pressure. The correction to test back to the $2060 area is essential to help Gold prices continue to increase and stabilize the market. 🔥 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: $2120, $2150 Support : $2060, $2040 🔥 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
Gold prices are still increasing in price ! UP⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold remains stable around $2,030 on Wednesday, showing a slight increase of 0.17%. This comes after the US Bureau of Economic Analysis (BEA) announced that the country's economy has grown. The decline in US Treasury bond yields has kept the value of gold close to its monthly and weekly highs, although it is still limited by the 50-day Simple Moving Average (SMA). On Wall Street, most stock market indices are experiencing little to no change, with some even showing a slight decrease. The Gross Domestic Product (GDP) for the last quarter of 2023 expanded slightly less than what was expected according to consensus and preliminary readings. Additionally, Retail and Wholesale Inventories have shown mixed results. Federal Reserve (Fed) Regional Presidents Susan Collins and John Williams have made statements. They have reiterated their previous remarks about potentially implementing looser monetary policies later in the year. They also emphasized that the core inflation rate has not yet reached the desired 2% goal. ⭐️ Personal comments NOVA: In the context of unstable US economic data, bad for the dollar, good for Gold. Gold prices continue to be supported moving towards higher price ranges ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2028 - $2030 SL $2022 TP1: $2036 TP2: $2042 TP3: $2050 🔥SELL GOLD zone: $2048 - $2050 SL $2055 TP1: $2044 TP2: $2038 TP3: $2031 ⭐️ 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
GDP, the highlight for gold price growth or not ?⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold is experiencing modest gains but remains stuck within a narrow range during Tuesday's mid-North American session. This is supported by the decrease in US Treasury bond yields, which in turn weakens the US Dollar Index (DXY) by 0.05%. Currently, XAU/USD is trading at $2,034.88, showing a gain of 0.18%. Gold is hovering around the 50-day Simple Moving Average (SMA) at $2,033.48 as investors prepare for the release of the latest Personal Consumption Expenditures (PCE) report. This report serves as the Federal Reserve's (Fed) measure of inflation. Along with the most recent Gross Domestic Product (GDP) data, these factors could potentially trigger a breakout in the price of gold from its current trading range of $2,020 to $2,050. ⭐️ Personal comments NOVA: Gold price is still in an Uptrend, today's GDP news could help Gold reach $2050 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2020 - $2022 SL $2015 maybe scalping $2025-$2027 TP1: $2030 TP2: $2038 TP3: $2050 🔥SELL GOLD zone: $2048 - $2050 SL $2055 maybe scalping $2042-$2044 TP1: $2040 TP2: $2035 TP3: $2030 ⭐️ 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
2
Q. WILL A 125BPS CUT IN INTEREST RATES DRIVE UP GOLD? A. Remember when it comes to interest rate cuts it means the following: Stimulates economic growth This makes borrowing cheaper as interest rates are lower. And it encourages more spending and investments by individuals and businesses. Boosts buying from consumers Also, with low interest rates it entices people to buy more. And this is because the cost of loans drops. This leads to them buying more homes, cars, and other goods. There are other elements, but you get the idea. Now, lets consider why lower interest rates could mean the gold price will rally Reason #1: Lower interest rates and a weaker US dollar helps the gold price When interest rates drop, the yield on bonds and savings accounts typically declines. And a weaker dollar makes gold cheaper for people with other currencies. It's like gold goes on a global sale, and everyone wants a piece! So, this will drive up its demand and the price. Reason #2: Investors get out of low yielding markets and into gold Remember that when interest rates are high, investors move to high yielding markets. They like to keep their money in the banks, bonds, money market or any other high interest savings accounts. But when interest rates drop, investors don’t make much of their money from these assets. And so, they will look to invest in markets like gold, which will drive the price up. Reason #3: The golden safe-haven will prevail! With interest rate cuts, it normally signals signs of economic uncertainty or weakness. And during these times, investors will often seek out safe-haven assets. Gold is a classic example of a safe haven that investors will look to buy. And this golden attraction will help push the price up.
COMEX:GC1!Education
by Timonrosso
Next week is very volatile with federal interest rate news! XAU✍️ NOVA hello everyone, Let's comment on gold price next week from 29/1 - 2/2/2024 🔥 World situatio and Identify: Next week, we will wait for a lot of very important news such as: CB Consumer Confidence, NF, Employment Cost Index q/q, pmi, verage Hourly Earnings m/m... and especially will announce the extremely impressive Federal Funds Rate. important for the US economy in early 2024. With the assumption that interest rates will remain the same or REDUCE, helping to limit Inflation. One factor has a positive impact on Gold prices, along with expectations of Gold growth this 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: $2027, $2035, $2056, $2087 Support : $2010, $1995, $1976 🔥 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
Gold price is in an increasing trend!! XAU⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is attracting some buying interest for the fourth consecutive day on Thursday and is moving closer to a two-week high around the $2,056 level reached the previous day. The US Dollar (USD) is struggling to take advantage of the rebound after the Federal Open Market Committee (FOMC) meeting, as US Treasury bond yields continue to decline. Additionally, ongoing geopolitical tensions in the Middle East and China's economic challenges are providing support to the safe-haven commodity. However, the Federal Reserve's less dovish stance on interest rates may limit the gains in gold. Investors are now focusing on Thursday's busy economic calendar, which includes the release of flash Eurozone consumer inflation data and the US ISM Manufacturing PMI, for potential market-moving events. Furthermore, the monetary policy decision from the Bank of England (BoE) could introduce volatility into the markets. Factors such as US bond yields, the movement of the US Dollar, and overall risk sentiment will also play a role in creating short-term trading opportunities in the gold market. Following these events, attention will shift towards the highly anticipated US monthly employment report. ⭐️ Personal comments NOVA: Gold prices continue to be in a long-term uptrend, with selling pressure following the result that interest rates will not be reduced in March, but war tensions in the world are still supporting Gold. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2015 - $2017 SL $2008 TP1: $2022 TP2: $2030 TP3: $2040 🔥BUY GOLD zone: $2039 - $2041 SL $2036 Scalping TP1: $2044 TP2: $2048 TP3: $2053 🔥SELL GOLD zone: $2058 - $2060 SL $2065 TP1: $2053 TP2: $2048 TP3: $2040 ⭐️ 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
7