Buytrade
#AITECH is preparing for another upward trend in the market! #AITECH is currently forming a falling wedge pattern. This pattern is expected to lead to a good bounce after it breaks out. However, if the support zone is breached, there could be a downward movement. The overall sentiment remains bullish and the 200MA is also working as a good support.
For those who are yet to invest, the accumulation zone ranges from $0.23 to $0.256. It is important to do your own research (DYOR) and note that this is not a financial advice (NFA).. It is important to do your own research (DYOR) and note that this is not a financial advice (NFA).
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
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
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
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
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
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
New highest price range from Gold !! $2220 ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) has reduced some of its gains made earlier in the day, after reaching a new all-time high during the Asian session on Thursday. However, it is still trading positively for the second consecutive day and is currently around the $2,200 level. The Federal Reserve (Fed) has indicated that it plans to reduce interest rates by 75 basis points this year, which has helped calm the market's concerns about the central bank lowering its projection for the number of rate cuts to just two, despite persistent inflation. As a result, the US Dollar (USD) has weakened from its two-week high reached on Wednesday, further boosting the value of gold.
⭐️ Personal comments NOVA:
Gold price reached an all-time high of $2,220, after the news of the FED's decision to keep interest rates unchanged. Still positive, FOMO from the market, Gold price continues to increase well
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2180 - $2182 SL $2175
TP1: $2190
TP2: $2205
TP3: $2220
🔥SELL GOLD zone: $2210 - $2212 SL $2215 scalping
TP1: $2205
TP2: $2200
TP3: $2190
🔥SELL GOLD zone: $2219 - $2221 SL $2226
TP1: $2210
TP2: $2200
TP3: $2180
⭐️ 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
FOMC decides next week's Gold price trend✍️ NOVA hello everyone, Let's comment on gold price next week from 18/3 - 22/3/2024
🔥 World situation:
The price of gold declined from approximately $2,180 on Friday, experiencing consecutive sessions of losses as investors' expectations for the start of the US Federal Reserve's easing cycle were delayed due to robust US economic data. The higher-than-anticipated inflation numbers support Fed Chair Jerome Powell's statement to exercise patience and maintain the current monetary policy approach until the disinflation process progresses. Currently, the XAU/USD is trading at $2,157.66, reflecting a 0.20% decrease.
🔥 Identify:
Next week will see information about the FOMC meeting to decide the Fed's upcoming interest rate.
Comment: Experts' expectations about the Golden Era are still very high, the time for FED's interest rate cuts is getting closer, and the belief in reduced inflation is growing. These are the motivating reasons for Gold prices to continue to increase
🔥 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: $2200, $2200
Support : $2125, $2100
🔥 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
$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
Golden Price in recovery !!! XAU increase⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) ended on a positive note for the first time in the past three weeks due to ongoing geopolitical tensions and a recent decline in the US Dollar (USD). However, despite surpassing the 50-day Simple Moving Average (SMA), the precious metal is struggling to maintain its momentum and is experiencing a slight decline during the Asian session on Monday. This can be attributed to speculations that the Federal Reserve (Fed) will keep interest rates higher for a longer period.
Recently, market participants have revised their expectations for an early interest rate cut by the US central bank. This shift came after the release of consumer and producer prices in the US, which were higher than anticipated earlier this month. Furthermore, minutes from the late January FOMC meeting and hawkish comments from Fed officials indicated that the central bank is not eager to lower interest rates due to persistent inflation and a strong US economy.
⭐️ Personal comments NOVA:
Gold price after recovery, surpassing the disputed area of $2030. Still positive for Gold
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2020 - $2022 SL $2015
TP1: $2030
TP2: $2040
TP3: $2050
🔥SELL GOLD zone: $2050 - $2048 SL $2055
TP1: $2042
TP2: $2036
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
GBP USD up The daily chart portrays the pair as neutral to downward biased, with the GBP/USD hovering around the 200-DMA at 1.2561. a daily close below the latter could open the door to challenge 1.2500, followed by the 100-DMA at 1.2487. Once cleared, that could open the door to test the next support level seen at 1.2374, November’s 17 low.
Besides that, GBP/USD takes cues from the fall in US Treasury bond yields after skyrocketing more than 12 basis points a day ago, dropping six basis points and standing at 4.26%.
Interested in weekly GBPUSD forecasts? Our experts make weekly updates forecasting the next possible moves of the pound-dollar pair. Here you can find the most recent forecast by our market experts:
GBP/ NZD !! 15/2/2024 break the DOWN trend⭐️ Smart investment, Strong finance
⭐️ Personal comments NOVA:
Break the trend Down in H1 frame, test the trend. Price moves towards the support zone. Set up BUY signal
⭐️ SET UP GBP/NZD PRICE:
🔥BUY GOLD zone: 2.06550 - 2.05350 SL 2.06050
TP1: 2.06850
TP2: 2.07150
TP3: 2.07550
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. test trend DOWN
⭐️ 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
NF opportunities for Gold prices to continue flying high⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) is experiencing a rapid recovery during the early New York session on Thursday. The downward movement in the price of gold continues to receive strong support as investors are aware that there is a possibility of rate cuts by the Federal Reserve (Fed) this year. In his statement on monetary policy, Fed Chair Jerome Powell expressed little interest in speculating about rate cuts, stating that policymakers are still not convinced that underlying inflation will consistently reach the target of 2%. As a result of Jerome Powell's remarks, expectations of rate cuts in March have been dampened, causing investors to shift their focus to the policy meeting in May, where the first rate cut of this cycle may occur.
As we move forward, the outlook for inflation will be influenced by factors such as labor market conditions, consumer spending, and economic growth. These factors will shape the expectations for future rate cuts.
Meanwhile, investors are eagerly awaiting the release of January's Institute for Supply Management's (ISM) Manufacturing PMI and the Nonfarm Payrolls (NFP) data. If the employment and wage growth data turn out to be higher than expected, it could diminish the likelihood of a rate cut at the Fed's monetary policy meeting in May.
⭐️ Personal comments NOVA:
The price of gold continues the stability of the UP trend, today NF news is an extremely important news that is expected to continue to help Gold have a higher position.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2034 - $2036 SL $2028 // Pay attention to the $2047 support zone
TP1: $2042
TP2: $2050
TP3: $2060
🔥SELL GOLD zone: $2068 - $2070 SL $2075// Pay attention to the $2087 resistance zone
TP1: $2060
TP2: $2054
TP3: $2048
⭐️ 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
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
EUR/ CHF !! 24/1/2024 Accumulate for Uptrend ⭐️ Smart investment, Strong finance
⭐️ Personal comments NOVA:
The price has accumulated according to the H1 frame, touching the EMA line and trading stably above the EMA line supporting the upcoming Uptrend.
⭐️ SET UP EUR/ CHF PRICE:
🔥BUY zone: 0.94400 - 0.94250 SL 0.93800
TP1: 0.94700
TP2: 0.95000
TP3: 0.95300
⭐️ 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
USD/ JPY !! continue to increase the price trendline⭐️ Smart investment, Strong finance
⭐️ USD/ JPY INFORMATION:
During the Asian session on Thursday, the Japanese Yen (JPY) has gained ground against the American counterpart, breaking a three-day losing streak. It had previously reached its lowest level since November 28. The JPY's relative safe-haven status is being supported by a generally weaker risk tone and the subdued price action of the US Dollar (USD). However, the upside potential is limited due to expectations that the Bank of Japan (BoJ) will maintain its ultra-dovish stance in response to factors such as a recent earthquake in Japan, declining inflation rates in Tokyo, and weaker wage growth.
⭐️ Personal comments NOVA:
The upward price trendline is still very nice, testrend to then have more BUY power
⭐️ SET UP USD/JPY PRICE:
🔥BUY zone:147.750 - 147.600 SL 147.100
TP1: 148.100
TP2: 148.400
TP3: 148.700
⭐️ 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
GOLDEN UP trend prevails !! Monday⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) is trading without much movement during the early Asian session on Monday. However, the increase in the value of the precious metal is being supported by the weaker US Producer Price Index (PPI) data and escalating tensions in the Middle East. Currently, the gold price stands at $2,045, experiencing a minimal decrease of 0.01% for the day.
On Friday, the US Producer Price Index (PPI) for December saw a yearly increase of 1.0%, compared to the revised 0.8% growth in November. This figure fell below market expectations of 1.3%. The annual core PPI, which excludes volatile food and energy prices, rose by 1.8% in December, down from the previous reading of 2.0% and lower than the market consensus of 1.9%. The monthly core PPI remained unchanged for the third consecutive month.
⭐️ Personal comments NOVA:
After PPI data decreased compared to expectations last week, along with the tense military situation in the Middle East, Gold prices continued to have a positive start in the Asian session on Monday.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2031 - $2033 SL $2023
TP1: $2045
TP2: $2055
TP3: $2063
🔥SELL GOLD zone: $2063 - $2065 SL $2070
TP1: $2055
TP2: $2048
TP3: $2033
⭐️ 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
"Bullish Momentum Persists: BTCUSD Eyes Target at $47,477.50""In the current BTCUSD market, a bullish trend is underway, with a specific target set at $47,477.50. The optimism is grounded in the anticipation of a revisit to the previous high of $47,477.50, as it has been successfully targeted before. The analysis suggests a risk level at $41,697.61 as the market strives to reclaim and surpass the established target."