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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
FOMC, the driving force for Gold prices to increase !! XAU ⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: During the Asian trading session on Wednesday, the price of gold (XAU/USD) experienced a slight decline and moved further away from its two-week high reached around the $2,048-2,049 range the day before. This decrease is attributed to investors adjusting their expectations regarding the speed and extent of interest rate cuts by the Federal Reserve (Fed) due to robust economic data from the United States. As a result, the US Dollar (USD) remains strong, reaching its highest level since December 13 earlier this week, which puts pressure on the value of gold. However, the recent drop in US Treasury bond yields may prevent the USD bulls from making aggressive bets. This, coupled with concerns about geopolitical risks arising from tensions in the Middle East, could continue to support the demand for gold as a safe-haven asset. Investors may also choose to remain cautious and wait for the highly anticipated FOMC monetary policy meeting before making any significant moves in relation to gold, which lacks yield. Therefore, bearish traders should exercise caution in their positions. ⭐️ Personal comments NOVA: The price chart according to technical analysis is supporting the Uptrend, the H1 frame is trading on a stable EMA line, according to economic experts at today's FOMC meeting, which also supports keeping or reducing interest rates. extreme for Gold ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2006 - $2004 SL $1996 TP1: $2015 TP2: $2022 TP3: $2030 🔥SELL GOLD zone: $2054 - $2056 SL $2062 TP1: $2048 TP2: $2040 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
10
Wait for today's Gold price trend with PMI news⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: During Tuesday's trading session, the price of Gold (XAU/USD) reached $2,030, indicating a gain of 0.43%. This comes after a notable 2% loss last week, as the bears take a pause. The daily chart suggests a neutral-to-bearish sentiment, while the four-hour indicators show a slight inclination towards the upside, hinting at a potential shift in momentum. From a fundamental standpoint, strong economic data in the United States and hawkish sentiments from the Federal Reserve (Fed) have resulted in significant selling of metals. This has raised doubts about the possibility of a future rate-cutting cycle by the Fed. As a result, the upside potential for gold is limited, as rising US yields, which are often considered the cost of holding non-yielding metals, are causing concerns. ⭐️ Personal comments NOVA: Accumulated price, sideway disputes price range $2030-$2020. Today's PMI news may determine the Gold price trend this week, breaking out of the above zone ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2002 - $2005 SL $1995 TP1: $2012 TP2: $2016 TP3: $2020 Pay attention to the BUY2019 and SELL2038 break zones, which can be used for scalping in the Asian and EUR sessions. 🔥SELL GOLD zone: $2053 - $2055 SL $2062 TP1: $2048 TP2: $2040 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
5
Sideway trading session at the beginning of the week⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is moving downwards, reaching $2,027 in the early Asian session on Monday. The strong economic data from the United States has led to expectations that the Federal Reserve (Fed) may postpone interest rate cuts, thereby strengthening the US Dollar (USD). The crucial support level for gold is currently at the psychological mark of $2,000. On Friday, the market may experience volatility due to the release of the US Core Personal Consumption Expenditures Price Index (Core PCE) for December. ⭐️ Personal comments NOVA: The recovery at the end of January 2024 continues. Sideway Monday trading session with short amplitude ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2015 - $2017 SL $2007 TP1: $2025 TP2: $2032 TP3: $2037 🔥SELL GOLD zone: $2035 - $2037 SL $2045 TP1: $2030 TP2: $2025 TP3: $2017 ⭐️ 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
Will a short-term recovery take place?⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: During the early trading hours in Asia on Thursday, the price of gold (XAU/USD) has fallen to the $2,000 level. This decline in the value of the precious metal is driven by strong economic data in the United States, which has diminished expectations of an immediate interest rate cut. Currently, at the time of writing, the price of gold is trading at $2,007, representing a 0.07% increase for the day. In the meantime, the US Dollar Index (DXY), which measures the value of the US dollar against its major trading partners, has surged to a new high for 2024, reaching approximately 103.70. Across the yield curve, US Treasury yields are rising, with the 10-year yield standing at 4.10%. ⭐️ Personal comments NOVA: Continuously good economic data for the US economy, the dollar recovered. Gold price decreased around 2000. Expect a slight recovery today ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $1995 - $1993 SL $1985 TP1: $2002 TP2: $2010 TP3: $2022 🔥SELL GOLD zone: $2024 - $2026 SL $2030 Scalping TP1: $2020 TP2: $2015 TP3: $2010 🔥SELL GOLD zone: $2033 - $2035 SL $2043 TP1: $2025 TP2: $2017 TP3: $2010 ⭐️ 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
Gold's growth momentum continues⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is experiencing slight increases above the $2,050 level in the early Asian session on Tuesday. The rising tensions in the Red Sea and the prevailing risk-off sentiment favor the demand for safe-haven assets like gold. Currently, the gold price is being traded at $2,055, registering a 0.06% gain for the day. In the meantime, the US Dollar Index (DXY), which measures the value of the USD against a basket of currencies used by US trading partners, continues to consolidate near 102.60 since the beginning of the year. The yields on Treasury bonds are decreasing, with the 10-year yield currently at 3.95%. ⭐️ Personal comments NOVA: Today's FOMC meeting will partly determine the Gold trend for the week, along with news of military tensions that will have a positive impact on Gold and precious metals. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2040 - $2042 SL $2034 TP1: $2050 TP2: $2058 TP3: $2067 🔥SELL GOLD zone: $2067 - $2069 SL $2075 TP1: $2060 TP2: $2050 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
12
Gold price in the context of tense war✍️ NOVA hello everyone, Let's comment on gold price next week from 15/1 - 19/1/2024 🔥 World situation: Traders purchased Gold as a result of the intensification of the conflict in the Middle East. Additionally, the rise in demand for the precious metal was driven by the decrease in yields of US Treasury bonds. This was fueled by expectations that the US Federal Reserve would implement substantial interest rate cuts, potentially as early as March. 🔥 Identify: In the context of increasing US military tensions with the Middle East, creating a great premise for Gold prices to increase sharply despite economic data. That is an important factor to believe that Gold prices will continue to increase next week 🔥 Technically: Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows: New Resistance: $2074, $2140 Support : $2015, $1990 🔥 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
Scalping!! XAU BUY short term before CPI news⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The US Dollar bulls are facing uncertainty regarding the rate-cut path of the Federal Reserve. This uncertainty is providing support to the Comex Gold price, which is gaining some positive momentum due to repositioning trades before the release of the US consumer inflation figures. Following the December policy meeting, where the Fed unexpectedly adopted a dovish stance, the markets reacted swiftly. As a result, they are now factoring in five interest rate cuts by the end of 2024. These rate cuts would amount to a total easing of approximately 140 basis points (bps). ⭐️ Personal comments NOVA: Scalping following the short-term Uptrend after CPI news ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2027 - $2029 SL $2024 Scalping TP1: $2033 TP2: $2037 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
4
Gold decreased but the upward momentum remained sustainableHello dear friends, do you think the price of gold will increase or decrease in the near future? Generally, the main trend of gold in the past week has been a decrease in price, with a decline of over $40 during the week. However, when looking at the long term with the 1-day chart, gold still maintains a strong upward trend with a steady rising trendline. Gold experienced a week of price decline as a corrective wave, testing the 34 ema line at $2045, and the upcoming prospects are expected to test the 89 ema line at around $2019. We can expect gold to bounce back from this point as it touches the trendline and finds support at that level (as marked on the chart). Karina still expects gold to continue setting record levels in 2024. What about you?
OANDA:XAUUSD
by Karina_Bella
XAUUSD BUY LIKE WE SAIDDear Traders, let's break this down: Impending Weak US Data: If there's an expectation of weak economic data in the US, such as low job growth, poor GDP figures, or other economic indicators showing a slowdown, it could signal an economic downturn. In such scenarios, investors tend to move towards safe-haven assets like gold. This shift occurs because gold is seen as a store of value during times of uncertainty or economic instability. When investors lose confidence in other assets like stocks or currencies, they often turn to gold as a more stable option. Expected Rate Cut of the Dollar: A potential rate cut by the Federal Reserve weakens the US dollar. When interest rates decrease, the currency tends to devalue against other currencies. A weaker dollar makes it cheaper for holders of other currencies to purchase dollar-denominated assets like gold. This increased purchasing power can drive up demand for gold, subsequently increasing its price. Gold as a Hedge: Gold is considered a hedge against inflation and currency devaluation. When investors anticipate a weakening dollar due to rate cuts or other monetary policy actions, they often seek to protect their wealth by investing in gold. This demand for gold increases its price. Market Sentiment and Perception: Expectations and sentiments in the market heavily influence the price of gold. If investors perceive weak US economic data and a potential rate cut as detrimental to the dollar's strength, they might view gold as a safe-haven asset. This sentiment-driven demand can further drive up the price of gold. In summary, the combination of weak US economic data and the anticipation of a dollar rate cut can weaken confidence in the dollar and other traditional assets, prompting investors to seek safer alternatives like gold. This increased demand for gold, driven by its perceived stability and value during uncertain times, tends to push its price higher. Greetings, ZTRADES
FOREXCOM:XAUUSDLong
by ZILATRADES
XAU/ USD !! bright spot in the market, price increase cycle⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold is trading higher near its three-week high of around $2,088 per troy ounce during the Asian session on Thursday. The potential for rate cuts by the Federal Reserve (Fed) in the first quarter of 2024 has improved risk appetite, leading to an increase in the price of gold. The presence of major shipping companies returning to the Red Sea indicates a tentative return to normalcy, potentially influenced by the deployment of a multinational task force in the area. However, concerns persist regarding the potential closure of the Gibraltar Strait by Iran. The complex and ever-changing geopolitical situation in the Middle East continues to impact market sentiment and contribute to a growing demand for safe-haven assets such as gold. ⭐️ Personal comments NOVA: Prices continue their steady upward trend, although there is not much impactful news, the positivity and trust of investors helps Gold prices continue to fly high. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2067 - $2069 SL $2060 TP1: $2075 TP2: $2086 TP3: $2094 🔥SELL GOLD zone: $2094 - $2096 SL $2102 TP1: $2086 TP2: $2080 TP3: $2070 ⭐️ 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
Near Christmas, Gold prices maintain a stable Uptrend⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is struggling to take advantage of its temporary increase to a level close to the highest point in three weeks. Currently, it is trading just below $2,050 as we enter the European session on Friday. The US Dollar (USD) has gained some positive momentum, recovering from a decline that brought it to a five-month low. This recovery is seen as a significant factor supporting the gold market. The upward movement of the USD can be attributed to traders adjusting their positions ahead of the release of important US inflation data. However, this uptick in the USD is expected to be limited due to the anticipation that the Federal Reserve (Fed) will shift away from its previously hawkish stance. ⭐️ Personal comments NOVA: Gold price has broken through the 2050 zone and is currently testing around this zone to continue to create momentum and liquidity. Let's wait for the new price increase zone ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2038 - $2040 SL $2030 TP1: $2046 TP2: $2054 TP3: $2065 🔥SELL GOLD zone: $2064 -$2066 SL $2072 TP1: $2058 TP2: $2050 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
5
Final GDP 2023, Last chance for price increase⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is showing positive momentum on Thursday and is recovering a significant portion of the decline it experienced the previous day from near the weekly high. However, the precious metal continues to trade within a well-known range that has been maintained over the past week or so. Traders are eagerly awaiting a new catalyst before taking positions for the next significant move. As a result, all eyes are on the release of the US Core Personal Consumption Expenditure (PCE) Price Index on Friday, as it has the potential to influence future policy decisions by the Federal Reserve (Fed). The outcome of this release will ultimately determine the short-term direction for this non-yielding commodity. ⭐️ Personal comments NOVA: Last chance for price increase at the end of 2023 after GDP news. Stability from the buyers prevails ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2005 - $2007 SL $2000 TP1: $2013 TP2: $2020 TP3: $2030 🔥SELL GOLD zone: $2068 - $2070 SL $2075 TP1: $2060 TP2: $2050 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
2
Waiting for an increase in Gold today !! XAU⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is unable to take advantage of the slight increase from the previous day and instead moves within a limited range during Tuesday's Asian session. Several important officials from the Federal Reserve (Fed) have recently attempted to counter market expectations for early interest rate cuts in 2024. This, in turn, is considered a significant factor that is hindering the non-yielding yellow metal. Additionally, the overall positive sentiment in global stock markets also adds to the limitation of gains for gold. ⭐️ Personal comments NOVA: Monday the price had a certain accumulation, surpassing the EMA line. Price will return to test the 2020-2022 zone then continue the upward trend ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2020 - $2022 SL $2014 TP1: $2030 TP2: $2040 TP3: $2048 🔥SELL GOLD zone: $2048 - $2050 SL $2058 TP1: $2040 TP2: $2030 TP3: $2020 ⭐️ 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
The market is stable, Gold price is firmly above $2000⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is showing a positive trend at the start of the week and maintains its modest gains during the European trading session. However, there is a lack of sustained buying momentum. Last week, the Federal Reserve (Fed) indicated an end to its tightening of monetary policy and projected a total of 75 basis points (bps) in rate cuts by 2024. This limits the upside potential for the US Dollar (USD), which had rebounded from a four-month low on Friday, and serves as a supporting factor for the commodity. Additionally, concerns over geopolitical risks and fears of a deeper economic downturn, particularly in China and the Eurozone, contribute to the demand for the safe-haven precious metal. ⭐️ Personal comments NOVA: the stability of Gold price today, above the $2020 zone. Technical models H1, H4 still show a cumulative sideway trend ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2008 - $2010 SL $2000 TP1: $2018 TP2: $2025 TP3: $2032 🔥SELL GOLD zone: $2032 - $2030 SL $2040 TP1: $2025 TP2: $2018 TP3: $2010 ⭐️ 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
PMI catalyzed Gold prices to break out⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) continues to move sideways during the European session on Friday and is trading below a high reached the previous day in the range of $2,047-2,048. The release of positive macroeconomic data from the United States on Thursday, coupled with a stronger-than-expected monthly jobs report on Friday, suggests that the US economy is resilient and raises doubts about the possibility of an early policy easing by the Federal Reserve (Fed) in March 2024. As a result, US Treasury bond yields have experienced a modest recovery, and this, combined with an overall risk-on sentiment driven by hopes of Chinese stimulus, is creating a challenging environment for gold as a safe-haven asset. ⭐️ Personal comments NOVA: In recent weeks, there has been a common scenario: during the week there is a certain accumulation, Friday will be a strong fluctuation in price. The excitement of the market still exists so the expectation is that the price will continue to increase. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2009 - $2011 SL $2002 TP1: $2020 TP2: $2030 TP3: $2040 Pay attention to the 2021-2023 support zone, set up a BUY signal 🔥SELL GOLD zone: $2063 - $2065 SL $2073 TP1: $2055 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
1
Strong increase after FOMC meeting! XAU PUMP⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is continuing to increase after a strong recovery from the 50-day Simple Moving Average (SMA), which was around the $1,973 mark. This recovery comes after a three-week low and the positive momentum has carried over into Thursday. The Federal Reserve (Fed) announced on Wednesday that they have no plans to raise interest rates and their "dot plot" indicates three 25 basis points (bps) rate cuts in 2024. Additionally, policymakers believe that inflation will reach the Fed's target of 2% without a recession. This dovish stance has caused a significant drop in US Treasury bond yields and has put pressure on the US Dollar (USD), which in turn has boosted the value of gold. ⭐️ Personal comments NOVA: After yesterday's FOMC meeting, the decision to keep the old interest rate unchanged and reduce the next round has created very good news for Gold. The scholarship market will flourish again at the end of 2023. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2004 - $2006 SL $1996 TP1: $2015 TP2: $2022 TP3: $2030 🔥BUY GOLD zone: $2015 - $2017 SL $2012 Scalping TP1: $2022 TP2: $2035 TP3: $2050 🔥SELL GOLD zone: $2050 - $2052 SL $2060 TP1: $2045 TP2: $2040 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
5
New week with expectations of gold price recovery⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The Federal Reserve will disclose its decision on the interest rate on Wednesday, marking its final meeting of the year. Market expectations for the December meeting suggest that there will be no alteration in rates, and there is a belief that the dot plot will decrease. However, following the release of robust employment data, the market has revised its projections for the timing of the initial rate cuts, shifting them from March to May. ⭐️ Personal comments NOVA: The week started with not much impactful news. Expect a recovery today. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $1990 - $1992 SL $1982 TP1: $2000 TP2: $2010 TP3: $2020 🔥SELL GOLD zone: $2020 - $2022 SL $2030 TP1: $2015 TP2: $2010 TP3: $2005 ⭐️ 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
Last Non - Farm of the year! Gold increases or decreases ?⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold reached record highs this week, reaching $2,144.48 in an aggressive rally on Monday. However, the XAU/USD has been trading thinly for the rest of the week, erasing the gains made on Monday. Spot Gold has slightly decreased throughout the week, down just over 2% from Monday's opening prices as we approach Friday's trading session. Traders are eagerly awaiting the upcoming US Nonfarm Payrolls (NFP) report, which will mark the end of the trading week. ⭐️ Personal comments NOVA: Stability and balance between buyers and sellers is taking place. Sideway after the Monday surge. Today will witness 3 important news for the US economy, especially NF. The final trend will likely be decided by the end of 2023 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $1990 - $1992 SL $1982 TP1: $2000 TP2: $2010 TP3: $2020 🔥SELL GOLD zone: $2068 - $2070 SL $2078 TP1: $2060 TP2: $2050 TP3: $2040 Pay attention to the resistance zone 2048-2050 ⭐️ 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
Sideway, Rebalance the market XAU⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Newly published data on Wednesday indicated that the November ADP private payrolls experienced a modest increase of 103,000, compared to the previous reading of 106,000. This figure fell short of market expectations, which had anticipated a growth of 130,000. The release of the ADP report followed Tuesday's unveiling of the Labor Department's JOLTS job openings number for October. Surprisingly, this figure reached its lowest point since March 2021, plummeting to 8.73 million from a downwardly revised 9.35 million in September. ⭐️ Personal comments NOVA: After the instability at the beginning of the week, the price is showing signs of stabilization by sideways with a shorter price range in the 2015 - 2035 area. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2005 - $2007 SL $1997 TP1: $2015 TP2: $2022 TP3: $2030 🔥SELL GOLD zone: $2049 - $2051 SL $2056 TP1: $2040 TP2: $2030 TP3: $2020 ⭐️ 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
New peak of Gold is established !! Amazing⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) continues to strengthen after a notable rally in the past few weeks, reaching a new all-time high around the $2,144-2,145 range during Monday's Asian session. However, it has since retraced some of its gains and is currently trading below the $2,100 level, still showing a 0.70% increase for the day. The rise in US Treasury bond yields has attracted buyers to the US Dollar (USD), leading to profit-taking by gold bulls due to overbought conditions on the daily chart. Nonetheless, the expectation that the Federal Reserve (Fed) will no longer raise interest rates and might begin easing its monetary policy by the first half of 2024 could continue to support gold, which does not yield interest. ⭐️ Personal comments NOVA: Start the trading session with a crazy price increase. Officially reached a new peak Currently, prices are adjusting to stabilize, creating balance in the market ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2070- $2072 SL $2067 scalping TP1: $2077 TP2: $2082 TP3: $2090 🔥BUY GOLD zone: $2053 - $2055 SL $2045 TP1: $2060 TP2: $2070 TP3: $2080 ⭐️ 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