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XAU !! Short recovery - below 2350⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price struggles to capitalize on previous bounce from $2,300 mark, oscillates in narrow band during Asian session. Currently around $2,330 area, traders seek clarity on timing of Federal Reserve interest rate cuts. Fed adopted more hawkish stance with only one rate cut forecasted for 2024. Markets still expect two rate cuts this year due to subsiding US inflation and weaker Retail Sales data. Rate cut bets rise for September and December. ⭐️ Personal comments NOVA: Gold price is still in the sideway price range of 2300 - 2350, today bank holiday Gold price will not change too much. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2307- $2309 SL $2302 TP1: $2315 TP2: $2325 TP3: $2340 🔥SELL GOLD zone: $2348 - $2350 SL $2355 TP1: $2340 TP2: $2330 TP3: $2320 ⭐️ 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
GOLD Is So Bullish Don't Miss Itaccording to the 4h timeframe the chart made this "TRIANGLE" pattern, as you can see the price manage to break the pattern and close above it with 4h candlestick. also on small timeframes starting from the 30mins u will see great bullish price action. 2329.00 will be the entry point and hopefully we can get 300 pips or more from it. i will keep u guys updated. This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
FX:XAUUSDLong
by FX_Elite_Club
6
Gold price recovered slightly - short term⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) rebounds slightly during Asian session on Tuesday, partially recovering from previous day's losses. US macro data indicates declining inflationary pressures, raising expectations for a September rate cut by the Federal Reserve (Fed) and providing some support for gold. However, gold remains within a familiar range below the 50-day Simple Moving Average (SMA), cautioning bullish traders. ⭐️ Personal comments NOVA: Gold prices increased slightly - bad economic data for the dollar, but still narrow sideways range ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2307 - $2305 SL $2300 TP1: $2315 TP2: $2322 TP3: $2330 🔥SELL GOLD zone: $2348 - $2350 SL $2355 TP1: $2340 TP2: $2330 TP3: $2320 ⭐️ 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
NF - Strong recovery for Gold !! ⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) is consolidating near a two-week high during the Asian session on Friday. Investors are waiting for the release of the Nonfarm Payrolls (NFP) report from the United States, which will influence future Federal Reserve policy decisions and impact gold prices. ⭐️ Personal comments NOVA: Gold prices recovered strongly this week thanks to economic news beneficial to Gold. NF continues to be forecast to help Gold prices recover above the $2400 area at the end of the week ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2352 - $2350 SL $2345 TP1: $2360 TP2: $2368 TP3: $2375 🔥SELL GOLD zone: $2399 - $2401 SL $2406 TP1: $2390 TP2: $2380 TP3: $2370 ⭐️ 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
Overview of important economic events in the past 2 weeks: XAU ⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The past 2 weeks have witnessed a lot of important economic news such as: ISM Manufacturing PMI, JOLTS Job Openings, ADP - NF, PMI, Unemployment Claims, CB Consumer Confidence, GDP, PCE, Pending Home Sales m/m As the overview chart shows: it can be seen that most of the economic data is not good for the dollar - DXY decreased - XAU increased and stabilized to recover. The US economy near the US election is quite gloomy - not showing positive recovery + war conflicts in the world (Russia - Ukraine / Israel - Palestine) are still tense ⭐️ Personal opinion: US macroeconomic factors are not supporting the economy - Gold is still a safe and effective investment channel at present. ⭐️ Technical analysis: Long-term H1, H4 time frame, after Gold price broke 2350 thanks to positive impact from economic data. Gold price tends to increase greatly, returning above the 2400 area Pay attention to resistance zones: $2400 , $2430 , $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
2
Gold price break - a recovery in price⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) rose for the second consecutive day and reached a two-week high of around $2,373 during Thursday's Asian session. This increase is driven by expectations that major central banks will reduce borrowing costs to stimulate economic activity. The Bank of Canada (BoC) recently lowered its benchmark rate for the first time in four years, signaling concerns about slowing economic growth. Additionally, the European Central Bank (ECB) is anticipated to cut interest rates for the first time since March 2016 at its June policy meeting today. ⭐️ Personal comments NOVA: Gold price breaks from the upper border - recovery and upward momentum at the end of the week. Pay attention to upcoming resistance zones ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2355 - $2357 SL $2352 scalping TP1: $2360 TP2: $2368 TP3: $2378 🔥BUY GOLD zone: $2341 - $2339 SL $2334 TP1: $2350 TP2: $2360 TP3: $2370 🔥SELL GOLD zone: $2378 - $2380 SL $2385 TP1: $2370 TP2: $2360 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
9
Gold price is positive based on US economic data⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) struggles to capitalize on the previous day's bounce from a three-week low and trades within a narrow range during the Asian session. Bullish traders are favored due to expectations of a Federal Reserve interest rate cut later this year, supported by recent US macro data indicating a slowdown in manufacturing activity and the economy. This has resulted in the US Dollar (USD) declining to a near two-month low, benefiting gold as a safe-haven asset. ⭐️ Personal comments NOVA: Gold price is positive thanks to good economic data at the beginning of the week for Gold - large amplitude sideway. The H4 long-term framework still supports continued decline and correction ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2325 - $2327 SL $2320 TP1: $2335 TP2: $2342 TP3: $2350 🔥SELL GOLD zone: $2374 - $2376 SL $2381 TP1: $2360 TP2: $2350 TP3: $2340 ⭐️ 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
Economic data is supporting Gold - increase⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) rises on Friday due to a weaker US dollar and lower US yields. Traders expect the Federal Reserve to cut interest rates following weak US GDP data. Geopolitical risks in the Middle East may also boost gold as a safe-haven asset. Later, gold traders will monitor the US Core PCE figure for April, which is expected to show an increase in inflation. If the data is higher than expected, it could support the US dollar and limit gold price gains. ⭐️ Personal comments NOVA: Gold prices rebound after economic data that is not good for the dollar this week - expect the recovery to continue on Friday ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2317 - $2315 SL $2312 scalping TP1: $2322 TP2: $2326 TP3: $2330 🔥SELL GOLD zone: $2361 - $2363 SL $2366 TP1: $2357 TP2: $2353 TP3: $2348 🔥SELL GOLD zone: $2373 - $2375 SL $2380 TP1: $2368 TP2: $2360 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
3
GOLD'S LEAP AFTER THE NEWS IS RELEASEDGold edged lower to hold near $2,360 per ounce on Wednesday, as investors continued to reduce bets on US Fed rate cuts this year, following recent remarks from officials, while awaiting the key PCE inflation report. On Tuesday, Minneapolis Fed President Neel Kashkari stated in an interview that the Fed should delay cutting rates until inflation significantly improves and might even hike rates if inflation fails to come down further. Ananda research and comments XAUUSD PLAN DAY 29/05/2024 🔴SELL GOLD: 2370 - 2472 , SL: 2476 (scalping) 🔴SELL GOLD: 2386 - 2488 , SL: 2392 🟢BUY GOLD: 2324 - 2322, SL: 2318 (scalping) 🟢BUY GOLD: 2305 - 2307 , SL: 2301 Breakout & retest: - Breaking and closing on: 2361 - 2374 - Break and close below: 2345 - 2335 - 2322 Support 2347 - 2335 - 2322 - 2316 - 2307 Resistance: 2370 - 2378 - 2384 - 2397
OANDA:XAUUSD
by Scalper_Ananda
2
Gold recovered slightly - XAU increased⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) rises on Tuesday after hitting two-week lows of $2,325. The increase is supported by a weaker US Dollar (USD) and safe-haven demand due to geopolitical tensions in the Middle East. However, higher short-term Treasury yields and strong US economic data may strengthen the USD. Traders are cautious ahead of key US inflation data this week. The US Conference Board’s Consumer Confidence and speeches from Fed officials are scheduled for Tuesday. The US Core PCE Price Index on Friday will be closely watched. If there are more hawkish comments from the Fed and signs of persistent inflation, traders may reconsider expectations of a rate cut, leading to a stronger USD and downward pressure on gold prices. ⭐️ Personal comments NOVA: Gold prices recovered slightly at the beginning of the week when there was not much important economic news, mainly sideways ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2334 - $2336 SL $2330 scalping TP1: $2342 TP2: $2350 TP3: $2360 🔥BUY GOLD zone: $2309 - $2307 SL $2302 TP1: $2315 TP2: $2322 TP3: $2330 🔥SELL GOLD zone: $2378 - $2380 SL $2385 TP1: $2370 TP2: $2360 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
2
Gold hits new ATH - optimistic for Gold⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The gold price (XAU/USD) surged to a new high of nearly $2,441 during Monday's Asian session due to expectations of interest rate cuts by the US Federal Reserve and escalating tensions in the Middle East. Both Russia and Ukraine engaged in attacks against each other over the weekend, further boosting safe-haven demand. Traders are now awaiting speeches from several Fed officials, including Bostic, Barr, Waller, Jefferson, and Mester, for insights on future monetary policy. Cautious or hawkish comments from these officials could limit the upside potential for gold. ⭐️ Personal comments NOVA: Gold price reached a new ATH of $2440 in the beginning of the week, buyers dominated, aiming for new ATH areas to come. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2392 - $2390 SL $2385 TP1: $2400 TP2: $2415 TP3: $2430 🔥BUY GOLD zone: $2417 - $2415 SL $2412 scalping TP1: $2425 TP2: $2431 TP3: $2440 🔥SELL GOLD zone: $2453 - $2455 SL $2460 TP1: $2445 TP2: $2438 TP3: $2430 ⭐️ 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
4
Heading towards new ATH zones for Gold✍️ NOVA hello everyone, Let's comment on gold price next week from 5/20 - 5/24/2024 🔥 World situation: Speculation about the Federal Reserve potentially lowering rates in 2024 resurfaced, but Fed officials remain cautious and emphasize that one positive inflation reading is not sufficient. Market expectations for a rate cut decreased slightly, according to the fed funds rate December 2024 futures contract. 🔥 Identify: Gold price grew strongly last week according to H4 chart, still an optimistic sentiment for the Gold market. The world military situation is still more tense than ever, Gold prices continue to increase sharply to reach new ATH 🔥 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: $2430, $2457, $2483 Support : $2395, $2370, $2330 🔥 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
Still hoping for Gold's Uptrend ! $2400⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The gold price (XAU/USD) is trading bearishly after falling from the $2,400 level. The recent rise in precious metals was driven by lower-than-expected US inflation data in April, which raised hopes of rate cuts by the Fed. However, comments from Fed officials on Thursday signaled that interest rates may not be cut this year, boosting the US Dollar and pushing the price of gold down. With no major US economic data, investors will be watching for hints about future monetary policy from Fed speakers Kashkari, Waller, and Daly later today. ⭐️ Personal comments NOVA: Gold still moves within the Uptrend line - view in Q2 2024 still main Uptrend. The FED has not yet shown any signs of cutting interest rates anytime soon ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2367 - $2369 SL $2364 scalping ( Used for Asian and European sessions ) TP1: $2375 TP2: $2382 TP3: $2390 🔥BUY GOLD zone: $2356 - $2358 SL $2350 TP1: $2370 TP2: $2385 TP3: $2400 🔥SELL GOLD zone: $2409 - $2411 SL $2416 TP1: $2400 TP2: $2390 TP3: $2380 ⭐️ 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
Gold price continues to trend UP !! XAU INCREASE⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold rose due to a weaker US Dollar. The recent CPI report indicated slower inflation in the US, leading to expectations of rate cuts by the Fed. Lower interest rates benefit gold investment. Traders will monitor various economic indicators and speeches by Fed officials, which could impact the US Dollar and limit gold's potential gains. ⭐️ Personal comments NOVA: Yesterday's economic data such as CPI contributed to a stable increase in Gold. The long-term H4 frame shows that Gold continues to increase, returning to the old peak of 2430 is entirely possible. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2365 - $2367 SL $2360 TP1: $2375 TP2: $2390 TP3: $2410 🔥SELL GOLD zone: $2410 - $2412 SL $2417 TP1: $2400 TP2: $2392 TP3: $2380 ⭐️ 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
CPI, an opportunity for Gold prices to continue to increase⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The gold price (XAU/USD) rose slightly due to a weaker US Dollar (USD). Factors like strong demand, central bank purchases, and geopolitical risks in the Middle East supported gold. However, hawkish comments from Federal Reserve officials, including Chairman Jerome Powell's suggestion of higher interest rates for a longer period, may push gold lower in the short term. Later today, the US Consumer Price Index (CPI) for April will be released, providing insight into the timing of the Fed's rate adjustments. Additionally, Retail Sales for April will be published, offering information on consumer spending trends. If inflation data exceeds expectations, the Fed may adopt a more aggressive stance, strengthening the Greenback and putting pressure on USD-denominated gold. ⭐️ Personal comments NOVA: Today's CPI data continues to be evaluated by experts in favor of Gold. Gold price is still moving within the H4 long-term price increase range. Today's expected resistance levels are $2376, $2390 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2346 - $2348 SL $2343 scalping (European and Asian sessions ) TP1: $2352 TP2: $2358 TP3: $2370 🔥SELL GOLD zone: $2376 - $2378 SL $2381( scalping )(European and Asian sessions ) TP1: $2370 TP2: $2365 TP3: $2358 🔥SELL GOLD zone: $2390 - $2392 SL $2397 TP1: $2380 TP2: $2370 TP3: $2358 ⭐️ 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
Recovery for Gold - military tensions ! Increase✍️ NOVA hello everyone, Let's comment on gold price next week from 5/13 - 5/17/2024 🔥 World situation: Gold prices increased significantly on Friday, rising over 1% even as US Treasury bond yields stayed high. This followed a University of Michigan survey indicating a drop in Consumer Sentiment to a six-month low, reflecting increasing economic pessimism among Americans. The XAU/USD stands at $2,369, rebounding from daily lows of $2,343. Given recent weak labor market data, there's a somber outlook for the US economy. Despite limited concerns about a severe economic slowdown, the quest for safety has boosted both gold and the US Dollar. 🔥 Identify: Gold price broke through the $2330 zone, starting a recovery. In addition to military tensions in the world, gold prices have increased 🔥 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: $2400, $2430 Support : $2330, $2303 🔥 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
BREAK 2330, Gold price recovered and increased⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) rises on Friday amid expectations of a potential Federal Reserve interest rate cut due to a weakening labor market and increasing geopolitical concerns. However, hawkish US Fed talks and a stronger US dollar could pressure gold prices. Traders await the US Michigan Consumer Sentiment Index for May and speeches from Fed's Bowman, Goolsbee, and Barr. The upcoming US CPI report will also garner attention. ⭐️ Personal comments NOVA: Gold price did not return to the $2300 area but rebounded, broke the BREAK, and recovered again. Prioritize the upcoming UP trend ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2330 - $2328 SL $2323 TP1: $2340 TP2: $2350 TP3: $2360 🔥SELL GOLD zone: $2364 - $2366 SL $2371 TP1: $2355 TP2: $2340 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
2
XAU recovery after FOMC !!⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices surged above $2,300 as the Federal Reserve announced a slower balance sheet reduction and provided no indication of lowering interest rates. Fed Chair Jerome Powell stated that rate cuts would only be considered once inflation reaches its 2% target. ⭐️ Personal comments NOVA: Gold price recovered above $2,300 after the FOMC meeting on Wednesday. keeping interest rates unchanged - the economy is still facing many difficulties, Gold continues to become a safe investment channel and has the trust of investors. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2307 - $2309 SL $2304 scalping ( Use the Asian and European trading sessions ) TP1: $2315 TP2: $2320 TP3: $2325 🔥SELL GOLD zone: $2340 - $2342 SL $2347 TP1: $2332 TP2: $2325 TP3: $2315 ⭐️ 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
Uptrend at the end of April 2024 !!! XAU ⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The likelihood of the US Federal Reserve keeping interest rates unchanged this year is increasing. Last week, John Williams, the President of the New York Fed, mentioned that he doesn't consider another rate hike as his primary scenario. However, if the data suggests that the Fed needs to raise rates in order to achieve its objectives, then the Fed would naturally want to take action. Austan Goolsbee, the President of the Chicago Fed, stated that progress in inflation has come to a halt and that the Fed's current restrictive policy is appropriate. Raphael Bostic, the President of the Atlanta Fed, emphasized that the Fed will not reduce rates until the end of the year. The shift towards a more hawkish market sentiment could diminish the attractiveness of non-yielding metals and exert downward pressure on the price of gold. ⭐️ Personal comments NOVA: Gold price decreased at the beginning of the second session, showing that the price range is stuck in two Uptrend lines. The upward price momentum is still likely to continue in the near future ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2338 - $2336 SL $2330 TP1: $2350 TP2: $2364 TP3: $2380 BUY GOLD zone: 2371.5 - 2370 SL $2366 TP: 40 - 70 - 100 pips 🔥SELL GOLD zone: $2412 - $2414 SL $2420 TP1: $2400 TP2: $2390 TP3: $2380 ⭐️ 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