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
Buyxauusd
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
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
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
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
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
Military tensions - Gold prices continue to increase✍️ NOVA hello everyone, Let's comment on gold price next week from 4/22 - 4/26/2024
🔥 World situation:
The price of gold surged to a new high above $2,400 as tensions between Israel and Iran in the Middle East escalated. The uncertainty surrounding the conflict led investors to seek the safety of gold, pushing prices up to $2,417 per troy ounce. However, the rally was short-lived as Tehran announced that it had no intention of retaliating.
Currently, XAU/USD is trading at $2,394, showing a gain of 0.70%. Gold experienced a volatile swing of $44.00 as traders processed the developments from Friday. Despite recent comments from Federal Reserve officials indicating a more neutral stance on inflation, the decline in US Treasury bond yields and the weakening US dollar are keeping gold prices supported.
🔥 Identify:
Gold price maintains a stable increase in the H4 time frame. Along with Middle East military tensions, Gold price continues to have a huge upward momentum.
🔥 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, $2468, $2487
Support : $2360, $2306
🔥 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 is stuck in 2 trend lines ! Uptrend⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold skyrockets to approximately $2,410 per troy ounce during the Asian session on Friday. The precious yellow metal, considered a safe-haven asset, gains traction as market participants grow increasingly risk-averse due to the news from ABC News confirming that Israeli missiles have struck a location in Iran. This development further escalates tensions in the Middle East.
As per Reuters, who cites Iran's Fars News Agency, local residents have reported hearing explosions at Isfahan airport, located in the central region. However, the cause of these explosions remains undisclosed. Investigations are currently underway to ascertain the specific details surrounding the incident.
⭐️ Personal comments NOVA:
Gold's 2 Uptrend lines continue, Gold price remains stable. In the context of a very close war, GOLD PRICES have more motivation to increase in price
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2362 - $2360 SL $2355
TP1: $2380
TP2: $2400
TP3: $2430
🔥SELL GOLD zone: $2429 - $2431 SL $2436
TP1: $2420
TP2: $2412
TP3: $2400
⭐️ 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 ATH - continues to increase✍️ NOVA hello everyone, Let's comment on gold price next week from 8/4 - 12/4/2024
🔥 World situation:
Gold reached a new all-time high, disregarding a strong US March Nonfarm Payrolls report that could delay rate cuts by the Federal Reserve. Despite the increase in US Treasury yields and the slight rise of the Greenback, gold's price remains influenced by factors like the US Dollar, geopolitical risks, and physical demand.
🔥 Identify:
The increase was so strong and stable, Gold price reached ATH 2330 this week. Next week sees economic data assessing core inflation CPI and PPI. Gold price still has the motivation to increase further, the Uptrend still dominates
🔥 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: $2360, $2380, $2400
Support : $2287, $2260, $2210
🔥 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
CPI - factor affecting the increase in Gold price⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices pulled back from all-time highs on Tuesday, dropping to $2,346 after reaching $2,365. This was due to a risk-on sentiment and declining US Treasury yields. The US economic calendar was light, with the NFIB Small Optimism Index falling for the third consecutive month. Traders are now awaiting the release of the US Consumer Price Index and the Federal Open Market Committee Minutes on Wednesday.
⭐️ Personal comments NOVA:
The uptrend line continues - today's CPI data, according to economic experts, is still not positive for the dollar - Gold prices still have many new rising motivations
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2328 - $2326 SL $2321
TP1: $2340
TP2: $2355
TP3: $2370
Pay attention to the psychological resistance zone $2398-$2400
🔥SELL GOLD zone: $2371 - $2373 SL $2376 scalping
TP1: $2360
TP2: $2355
TP3: $2350
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
DOW model for Gold price Increase ! record high⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
During the Asian session on Monday, the price of gold (XAU/USD) has attracted some buying interest around the $2,300 level and has reached a new all-time high in the last hour. The rally in the precious metal over the past couple of weeks has been driven by expectations that the Federal Reserve (Fed) will eventually cut rates in 2024, as well as buying from the Chinese central bank. However, with the daily chart showing extremely overextended conditions, traders may be hesitant to place new bullish bets amidst easing geopolitical tensions and a positive risk sentiment, which typically diminishes demand for safe-haven assets like gold.
⭐️ Personal comments NOVA:
With the strong increase of Gold Monday, FOMO is at its peak at the present time. The Uptrend shows no signs of stopping, the target continues to rise to 2400 in the second quarter of 2024
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2301 - $2303 SL $2297
TP1: $2315
TP2: $2322
TP3: $2330
🔥SELL GOLD zone: $2367 - $2369 SL $2375
TP1: $2360
TP2: $2345
TP3: $2330
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
NF - Gold price continues to trend UP ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Traders may wait for more information about the Fed's interest rate-cut plans before making bets on the non-yielding Gold price. They will be closely watching the release of the US monthly employment details, known as the Nonfarm Payrolls (NFP) report, later in the North American session. If there is any disappointment, it could indicate a weakening labor market and increase the likelihood of a June Fed rate cut. This could lead to more selling of USD and support for gold.
⭐️ Personal comments NOVA:
Gold price is having a DOWN correction below the $2280 area. However, the UP trend is still the dominant trend, many opportunities for Gold to continue to create new peaks
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2260 - $2258 SL $2253
TP1: $2275
TP2: $2290
TP3: $2308
🔥SELL GOLD zone: $2308 - $2310 SL $2315
TP1: $2300
TP2: $2290
TP3: $2280
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
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
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
ADP - NF, waiting for Gold price to touch $2150⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) declines during Asian session on Wed, partially reversing previous day's gains. Profit-taking and repositioning trade ahead of Fed Chair Powell's testimony may be contributing factors. Investors will closely analyze Powell's remarks for clues about Fed's rate-cut path and its impact on USD, which will influence gold price dynamics.
⭐️ Personal comments NOVA:
Still giving priority to the rise of Gold, the market is too positive and looking forward to a new ATH point for Gold
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2080 - $2082 SL $2075
TP1: $2095
TP2: $2110
TP3: $2130
Can Scalping BUY area 2110-2108
🔥SELL GOLD zone: $2148 - $2150 SL $2155
TP1: $2140
TP2: $2125
TP3: $2110/b]
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
$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
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
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