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XAU ATH before the US presidential election✍️ NOVA hello everyone, Let's comment on gold price next week from 10/28 - 11/1/2024 🔥 World situation: Gold prices hold steady late in the North American session before the weekend, rising 0.18% after reaching a record high of $2,758 on Wednesday. Heightened Middle East tensions and uncertainty around the upcoming US elections are steering traders toward the safe-haven metal, with XAU/USD currently trading at $2,740. Geopolitical issues have overtaken US economic data as the primary influence on gold’s movement. Tensions remained high Friday between Israel and Hezbollah near the Israel-Lebanon border, with Israeli officials reporting that around 45 missiles were launched by the group. 🔥 Identify: Short-term sideways adjustment in the price range of 2710-2750, gold price continues to expect to reach a new ATH before the US presidential election 🔥 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: $2759, $2782, $2805 Support : $2708, $2680 🔥 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
2765 ! Expected next ATH price range⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: US bonds saw a sell-off on Monday, which TD Securities analysts attributed partly to increasing odds of a Trump victory in prediction markets. Meanwhile, Fed officials made statements on policy. San Francisco Fed President Mary Daly expressed support for continued rate cuts, while Kansas City Fed President Jeffrey Schmid took a more cautious approach, favoring smaller cuts and describing the labor market as stabilizing rather than weakening. ⭐️Personal comments NOVA: Huge buying force - continues to create new ATH every day. Fomo is close to the US presidential election day. The long-term framework all supports the continued Uptrend ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2765 - $2767 SL $2772 TP1: $2758 TP2: $2750 TP3: $2740 🔥BUY GOLD zone: $2730 - $2728 SL $2723 TP1: $2740 TP2: $2750 TP3: $2760 ⭐️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
OANDA:XAUUSDLong
by Nova-Scalper
5
Continue to wait for the new gold ATH to be higher⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: US Treasury bond yields surged over ten basis points, with the 10-year note yielding 4.192%. As a result, the US Dollar Index (DXY) climbed 0.50%, reaching a two-month high of 104.01. Meanwhile, tensions in the Middle East persisted as Israel reported a projectile from Lebanon landing in central Israel, and Iran’s UN envoy criticized Biden’s remarks on Israel’s potential attack as "inflammatory." Dallas Fed President Lorie Logan highlighted the need for flexibility in monetary policy, reinforcing the gradual approach to lowering borrowing costs. ⭐️Personal comments NOVA: After adjusting for liquidity in the 2715 price range - the gold price continues to increase significantly - returning to the 2735 price range and tending to increase to create a new ATH in the near future. ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2760 - $2762 SL $2767 TP1: $2750 TP2: $2740 TP3: $2730 🔥BUY GOLD zone: $2695 - $2697 SL $2690 TP1: $2705 TP2: $2715 TP3: $2730 ⭐️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 ATH continues! Gold broke out this year⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold price (XAU/USD) rises to around $2,720 during Monday’s early Asian session, driven by ongoing Middle East tensions and uncertainty surrounding the US presidential election. Geopolitical risks, particularly Hezbollah's escalation of conflict with Israel, have prompted investors to seek safety in gold. Additionally, concerns over the upcoming US election and expectations of looser monetary policies from the Federal Reserve further support the metal’s upward trend, according to Alexander Zumpfe, a precious metals trader at Heraeus Metals Germany. ⭐️Personal comments NOVA: Gold prices are continuously increasing, creating ATH after military tensions in the world - currently the top asset type to accumulate in the world, continuing to be expected to increase anew this week. ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2743 - $2745 SL $2750 TP1: $2735 TP2: $2720 TP3: $2710 🔥BUY GOLD zone: $2707 - $2705 SL $2700 TP1: $2715 TP2: $2722 TP3: $2730 ⭐️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
XAU / USD ! 10/16 Bulls prevail $2685XAU / USD trend forecast October 16, 2024 Gold prices rose on Tuesday as US Treasury yields fell, limiting gains for the US Dollar. The economic calendar included the New York Empire State Manufacturing Index and the NY Fed Consumer Expectations Survey, with XAU/USD trading at $2,664. The Empire State Manufacturing Index for September showed a weak result, while the NY Fed survey indicated higher inflation expectations for the month. Gold price surpassed the nearest resistance zone of 2660, approaching the next price zone of 2672. The bulls are dominating, determined to find the old ATH of 2685 this week. /// SELL XAU : zone 2685-2682 SL: 2690 TP: 50 - 100 - 200 pips (2665) /// BUY XAU : zone 2653-2650 SL: 2645 TP: 50 - 100 - 200 pips (2670) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
7
XAU recovers - positive market !! $2685⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices (XAU/USD) rose for the second consecutive day on Wednesday, reaching a one-and-a-half-week high of around $2,670 during the Asian session. Lower US Treasury yields pulled the US Dollar away from its two-month peak, supporting gold. Additionally, weaker global equity markets and ongoing geopolitical risks boosted demand for the safe-haven metal. Central bank demand further supported gold prices, though expectations of a less aggressive policy easing by the Federal Reserve (Fed) and a likely 25 basis point rate cut in November may limit any significant USD decline. Moreover, reports that Israel won't target Iran’s oil and nuclear sites could cap further gains for gold, suggesting caution for additional upward movement. ⭐️Personal comments NOVA: Gold prices recovered - when war information continued to have a good impact on the Gold market. Expect to touch old ATH 2685 this week and correct to create additional liquidity ⭐️SET UP GOLD PRICE: 🔥BUY GOLD zone: $2651 - $2649 SL $2644 TP1: $2660 TP2: $2670 TP3: $2683 🔥SELL GOLD zone: $2671 - $2673 SL $2677 SCALPING TP1: $2665 TP2: $2660 TP3: $2650 🔥SELL GOLD zone: $2683 - $2685 SL $2690 TP1: $2675 TP2: $2668 TP3: $2660 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDLong
by Nova-Scalper
3
XAU on the rebound - stable above 2600 this week ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices (XAU/USD) surged over 1% on Friday, closing near the weekly high after the US Producer Price Index (PPI) indicated a positive inflation outlook, reinforcing expectations of future rate cuts by the Federal Reserve (Fed). Additionally, ongoing geopolitical tensions in the Middle East bolstered safe-haven demand, further supporting gold's rise. However, with investors no longer anticipating a large Fed rate cut in November, US Treasury yields remain high, and the US Dollar stays near its mid-August peak. Furthermore, optimism around China's plan to increase debt to boost its economy adds some pressure on gold during Monday's Asian session. ⭐️Personal comments NOVA: Gold price this week continues its upward trend - remaining stable above the 2600 mark. Sideway doesn't have much important news this week ⭐️SET UP GOLD PRICE: 🔥BUY GOLD zone: $2629 - $2627 SL $2622 TP1: $2635 TP2: $2642 TP3: $2650 Pay attention to the potential support zone today: 2635 🔥SELL GOLD zone: $2669 - $2671 SL $2676 TP1: $2660 TP2: $2650 TP3: $2640 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDLong
by Nova-Scalper
2
Gold sideways - large range 2605 - 2682! next week ✍️ NOVA hello everyone, Let's comment on gold price next week from 10/14 - 10/18/2024 🔥 World situation: Gold surged over 1% on Friday, with the metal on track to close the week with a modest 0.20% gain, following inflation data and Thursday's Consumer Price Index (CPI) report, which slowed the US Dollar’s advance. Currently, XAU/USD is trading at $2,658. Mixed economic data supported gold's rise. The US Bureau of Labor Statistics (BLS) reported producer prices close to expectations, signaling inflation is declining but still above forecasts. Meanwhile, the University of Michigan's October Consumer Sentiment showed a decline, reflecting concerns about higher living costs. 🔥 Identify: After gold broke the H1 downtrend, there was a recovery above 2650. Still in the long-term H4 uptrend. However, there is a high possibility that it will still move sideways to accumulate more in October (price range 2605-2682). 🔥 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: $2682, $2700, $2710 Support : $2629, $2605, $2575 🔥 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
sideway and accumulation! XAU! 10/8XAU / USD trend forecast October 8, 2024 Gold prices dipped during Monday's North American session, trading between $2,630 and $2,659, as rising US Treasury yields limited gains. However, the intensifying conflict in the Middle East prevented further declines. XAU/USD is at $2,645, down 0.30%. Market sentiment worsened due to ongoing violence, with Israel expanding ground operations in Lebanon and Hamas firing rockets at Tel Aviv. Ceasefire hopes diminished as groups like the Houthis also attacked ships in the Red Sea, escalating the conflict. The price range of 2625-2685 is almost awaited by investors to wait for the next interest rate information, the longer the accumulation, the stronger the gold price fluctuates. Sideway will continue today. /// BUY XAU : zone 2624-2627 SL: 2619 TP: 50 - 100 - 200 pips (2644) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
1
XAU continues sideways - accumulate waiting for new ATH 2705 ✍️ NOVA hello everyone, Let's comment on gold price next week from 10/07 - 10/11/2024 🔥 World situation: Gold prices pulled back after a stronger-than-expected US jobs report suggested that the labor market remains robust, indicating the Federal Reserve (Fed) may ease policy in smaller 25-basis-point increments. Currently, XAU/USD is trading at $2,643, down 0.40%. The US Bureau of Labor Statistics (BLS) reported strong job growth for September, easing concerns about the labor market. This reduced pressure on the Fed, which had previously cut interest rates by 0.50% in September amid concerns about reaching its maximum employment goal. 🔥 Identify: Gold price is sideways - accumulating in a large range of 2625 - 2681. The uptrend on the H4 frame is still stable and waiting for new momentum to reach the next new ATH. In the context of escalating Middle East tensions - gold price continues to increase strongly this year. 🔥 Technically: Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows: Resistance: $2671, $2685, $2705 Support : $2626, 2588 🔥 NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDLong
by Nova-Scalper
1
BREAK - NF create new ATH 2700 ?⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The US Department of Labor reported a slight rise in unemployment claims to 225K for the week ending September 28, up from 218K. This follows stronger-than-expected private-sector job growth in September and an unexpected increase in job openings in August, signaling a resilient labor market. Additionally, the ISM Non-Manufacturing PMI rose to 54.9 in September, its highest since February 2023, indicating solid economic performance in the third quarter. ⭐️ Personal comments NOVA: Gold price begins to break the downtrend in H1 frame - expect NF to push gold price to continue increasing today ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2625 - $2623 SL $2618 TP1: $2632 TP2: $2640 TP3: $2650 🔥SELL GOLD zone: $2698 - $2700 SL $2705 TP1: $2690 TP2: $2680 TP3: $2670 ⭐️ 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
10/4/24 wait news ATH from XAU ! NF XAU / USD trend forecast October 4, 2024 Gold price (XAU/USD) continues trading within a narrow range, as traders await a new catalyst to determine the next directional move. Attention is focused on the upcoming US Nonfarm Payrolls (NFP) report, set to be released later on Friday. The data could shape expectations about the pace of the Federal Reserve's rate cuts, impacting US Dollar demand and influencing gold prices. NF and war tensions are the main drivers for gold prices to continue to rise - creating new ATH /// SELL XAU : zone 2698-2700 SL: 2706 TP: 50 - 100 - 200 pips (2680) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
1
XAU 10/3 ! break and buy now ! touch old ATH 2681XAU / USD trend forecast October 3, 2024 Gold price (XAU/USD) remains under pressure during Thursday's Asian session due to a stronger US Dollar, supported by reduced expectations of aggressive Fed rate cuts. Wednesday's positive US ADP report highlighted labor market stability, causing investors to further lower their bets on a large rate cut in November. As a result, the USD Index (DXY) reached a three-week high, weakening demand for gold. Gold price moves in large range - touches H2 downtrend trendline Upward view based on world war tension in the middle east /// BUY XAU : zone 2641-2644 SL: 2636 TP: 50 - 100 - 300 pips (2671) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
6
10/2 XAU | USD increased by war conflictXAU / USD trend forecast October 2, 2024 Iran launched ballistic missiles at Israel on Tuesday in response to Israel's actions against Hezbollah in Lebanon, boosting demand for safe-haven gold. Israeli Prime Minister Benjamin Netanyahu vowed Iran would face consequences, while Iran warned of massive destruction in retaliation, escalating the risk of a wider Middle East conflict. Meanwhile, the US JOLTS report revealed a surprising rise in job openings for August, reaching 8.04 million. /// BUY XAU : zone 2635-2637 SL: 2629 TP: 50 - 100 - 300 pips (2665) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
1
XAU ! 9/27 waiting for 2700 increaseXAU / USD trend forecast September 27, 2024 The US Dollar is struggling to extend Wednesday's recovery due to dovish Fed expectations, which continue to support Gold prices. Although some Fed officials have pushed back against aggressive easing, markets are still anticipating a 50 basis point rate cut in November. Fed Chair Jerome Powell’s speech on Thursday will be closely watched for guidance on future rate cuts and the direction of XAU/USD. Key US data, including Q2 GDP, Jobless Claims, and Durable Goods Orders, along with comments from other FOMC members, may also influence the market. Based on M30, Uptrend still dominates long-term frames H1, H4 /// BUY XAU : zone 2655-2652 SL: 2647 TP: 50 - 150 - 300 pips (2682) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
2
2702 ! XAU/USD offers the most positivity ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold price (XAU/USD) edged lower during Friday’s Asian session but remains close to the recent record high. The US Dollar (USD) recovers some of its previous losses as traders adjust positions ahead of the US Personal Consumption Expenditure (PCE) Price Index release. This, combined with a positive market sentiment and overbought signals, creates pressure on gold. However, expectations of more aggressive rate cuts from the Federal Reserve (Fed) may limit any significant USD gains. Additionally, ongoing geopolitical tensions in the Middle East continue to support safe-haven assets like gold, helping to cushion its decline. Traders await the US inflation data, which could impact the Fed's rate-cut plans and drive gold’s next move. ⭐️Personal comments NOVA: Friday with PCE news brings gold's strongest week of gains - ATH target reaches 2702 ⭐️SET UP GOLD PRICE: 🔥BUY GOLD zone: $2655 - $2653 SL $2650 scalping TP1: $2660 TP2: $2670 TP3: $2680 🔥BUY GOLD zone: $2642 - $2640 SL $2635 TP1: $2655 TP2: $2662 TP3: $2670 🔥SELL GOLD zone: $2701 - $2703 SL $2708 TP1: $2690 TP2: $2680 TP3: $2660 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDLong
by Nova-Scalper
5
XAU ! price increase ATH 2691 ! 9/26XAU / USD trend forecast September 26, 2024 The US Dollar is struggling to maintain Wednesday's recovery gains due to expectations of a dovish Federal Reserve, which supports Gold prices. Despite efforts from Fed officials to downplay the chances of aggressive easing, markets are still expecting a 50 basis point rate cut in November. Fed Chair Jerome Powell’s speech on Thursday will be closely watched for signals on future rate cuts and the direction of XAU/USD. Key US data, including Q2 GDP, Weekly Jobless Claims, and Durable Goods Orders, along with speeches from other FOMC members, could also impact the outlook. Based on M30, break resistance 2670 , ATH new /// BUY XAU : zone 2653-2650 SL: 2645 TP: 50 - 150 - 300 pips (2680) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
2
GDP ! Opportunities for Gold to continue rising this week⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) continues its sideways movement for the second day on Thursday, staying close to the recent record high. Traders are holding off ahead of Federal Reserve (Fed) Chair Jerome Powell's speech, which could offer insights into future interest rate cuts and influence gold’s next direction. Meanwhile, expectations of another significant rate cut by the Fed haven't helped the US Dollar (USD) recover from its recent low. Additionally, escalating tensions in the Middle East and concerns about China's economic recovery, despite stimulus efforts, support gold as a safe-haven asset. However, with gold slightly overbought, caution is advised before betting on further gains. ⭐️ Personal comments NOVA: Uptrend is still the main trend - Today there continues to be US GDP news, waiting for the FOMO price increase to continue for Gold, a green week for XAU / USD ⭐️SET UP GOLD PRICE: 🔥 BUY GOLD zone: $2643 - $2641 SL $2638 scalping TP1: $2648 TP2: $2652 TP3: $2660 🔥 BUY GOLD zone: $2627 - $2625 SL $2620 TP1: $2635 TP2: $2645 TP3: $2660 🔥 SELL GOLD zone: $2683 - $2685 SL $2690 TP1: $2670 TP2: $2655 TP3: $2640 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDLong
by Nova-Scalper
8
9/25 ! XAU increased strongly ! New ATH 2682XAU / USD trend forecast September 25, 2024 Following the data release, US Treasury yields fell slightly, with the 10-year note dropping to 3.73%. The US Dollar Index (DXY) also declined by 0.42%, hitting a two-day low of 100.48. Fed Governor Michelle Bowman, known for her hawkish stance, emphasized significant inflation risks and supported a gradual approach to rate cuts to avoid reigniting inflation. Based on M30, NEW ATH to set up SELL signal /// SELL XAU : zone 2681-2684 SL: 2689 TP: 50 - 150 - 300 pips (2654) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
1
XAU is up strongly! 2640XAU / USD trend forecast September 24, 2024 On Monday, Fed regional presidents noted rising risks in the labor market but opposed a 50 bps rate cut, signaling a cautious approach for future meetings. This slowed the XAU/USD rally. However, escalating tensions between Israel and Hezbollah, with the US sending more troops to the Middle East, could boost Gold prices as risk appetite declines. Based on M45, NEW ATH to set up SELL signal /// SELL XAU : zone 2639-2642 SL: 2647 TP: 50 - 150 - 250 pips (2617) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
5
Waiting for Gold's correction! XAU downXAU / USD trend forecast September 16, 2024 Traders lifted bets for an oversized interest rate cut by the Federal Reserve amid signs that inflation in the US is subsiding, which continues to act as a tailwind for the non-yielding yellow metal. According to the CME Group's FedWatch Tool, the current market pricing indicates over a 50% chance that the US central bank will lower borrowing costs by 50 basis points later this week. The expectations were fueled by the softer US Consumer Price Index (CPI) and the Producer Price Index (PPI) reports last week, which provided further evidence of easing inflationary pressures. Based on M45, TRENDLINE to set up SELL signal, wait FOMC news /// SELL XAU : zone 2603-2606 SL: 2611 TP: 50 - 150 - 200 pips (2586) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
1
FOMC - Special important information next week ✍️ NOVA hello everyone, Let's comment on gold price next week from 9/16 - 9/20/2024 🔥 World situation: Gold prices soared to a new all-time high of $2,586, driven by a weakening US Dollar on Friday. Expectations of a larger Fed rate cut are fueling the rally, with some predicting gold could reach $3,000. XAU/USD is currently trading at $2,582, up nearly 1%. CME FedWatch Tool data shows increased bets on a 50-basis-point rate cut by the Fed, jumping from 27% to 43% after a Wall Street Journal article by Nick Timiraos and comments from former New York Fed President William Dudley. Meanwhile, odds for a 25 bps cut fell to 57%. 🔥 Identify: Gold price officially created ATH 1 week before FOMC, this is the psychology that FED will almost certainly lower interest rates next week. The higher ATH target next week continues to take place but not too large. Expected new ATH zones: 2602, 2638 🔥 Technically: Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows: Resistance: $2602, $2638, 2676 Support : $2559, $2531, 2505 🔥 NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDLong
by Nova-Scalper
6
FOMO - reach higher ATH! XAU maybe reach 2590⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) held onto modest gains early Friday, trading near the record high of $2,565-$2,570. Thursday’s softer US Producer Price Index (PPI) report signaled easing inflation, boosting expectations of a larger Fed rate cut next week. This was supported by falling US Treasury yields and a weaker US Dollar, benefiting the non-yielding metal. Geopolitical tensions in the Middle East and the Russia-Ukraine conflict also bolster gold's safe-haven appeal. The recent breakout from a multi-week range suggests further upside, though bulls may remain cautious ahead of next week’s key central bank decisions from the Fed, BoE, and BoJ. ⭐️ Personal comments NOVA: Break old ATH 2531, fomo Gold price has huge buying pressure. Continue to expect the price range of 2590, the new ATH for Gold ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2547 - $2545 SL $2542 TP1: $2552 TP2: $2560 TP3: $2570 🔥BUY GOLD zone: $2530 - $2528 SL $2523 TP1: $2540 TP2: $2550 TP3: $2560 🔥SELL GOLD zone: $2590 - $2592 SL $2597 TP1: $2575 TP2: $2560 TP3: $2550 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDLong
by Nova-Scalper
10