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PCE weekend news - Gold price tries to recover⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Meanwhile, XAU/USD demonstrated some strength beneath the 50-day SMA, buoyed by anticipation that the Fed will commence its rate-cutting cycle in September. This has kept the USD subdued below a two-week peak reached on Wednesday, helping Gold to draw in some buyers. However, upward momentum appears constrained as traders await the upcoming US PCE Price Index release on Friday, which could signal the Fed's policy direction. This data will likely influence USD demand and inject new momentum into the non-interest-bearing gold market. ⭐️ Personal comments NOVA: Gold price H4 frame completes wave 5 ELLIOT, will sideways stabilize below 2400 creating more liquidity for the market ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2352 - $2354 SL $2347 TP1: $2360 TP2: $2368 TP3: $2375 🔥SELL GOLD zone: $2400 - $2402 SL $2407 TP1: $2390 TP2: $2380 TP3: $2370 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDLong
by Nova-Scalper
7
Gold price analysis July 24Fundamental analysis: Gold prices attracted some buying activity on Wednesday and recovered further from a more than one-week low touched on Monday. The momentum lifted the precious metal to fresh weekly highs around the $2,418 region during the Asian session and was backed by a combination of supportive factors. Growing acceptance that the Federal Reserve (Fed) will begin its rate-cutting cycle in September, along with US political developments, prompted some intraday selling around USD and acts as a driving force for Gold prices. However, traders may refrain from positive bets and prefer to wait for further signals on the Fed's policy path. As a result, the focus remains on US Q2 GDP data and the US Personal Consumption Price Index (PCE), expected on Thursday and Friday. Meanwhile, global PMIs will be looked at for short-term momentum. Technical analysis: From a technical perspective, this week's recovery from the $2,385 resistance level signals the end of the downtrend of recent days as wave 5 has ended and the abc wave of the elliot wave pattern has also ended. around 2411. The aforementioned 2385 area will now act as an important pivotal point, which if broken decisively will pave the way for deeper losses. Gold prices could then slide to the 61.8% Fibo level, around the $2,366-$2,365 area. On the other hand, any further upside move is likely to face some resistance near the $2,420-2,422 zone above which a fresh short squeeze could lift Gold prices to the $2,430-2,432 zone. Momentum could extend again to retest all-time highs, around the $2,482 region. Resistance: 2420 - 2431 - 2436 - 2450 Support: 2385 - 2375 - 2368 - 2360 SELL 2422 - 2420 stoploss 2425 SELL 2431 - 2433 stoploss 2437 BUY 2386 - 2384 stoploss 2380 BUY 2373 - 2375 stoploss 2369
OANDA:XAUUSD
by TVS-Trader
3
Gold price adjusts to DOWN trend ! NEXT WEEK✍️ NOVA hello everyone, Let's comment on gold price next week from 7/22 - 7/26/2024 🔥 World situation: Gold price dropped over 1.50% to around $2,400 on Friday, potentially resulting in nearly 1% weekly loss from its record high of $2,483. The XAU/USD stands at $2,399 after peaking at $2,447. This fluctuation is linked to China's underperforming economy and speculation of Donald Trump's election win strengthening the US Dollar, which is projected to close the week up by 0.26%. 🔥 Identify: Gold price reached a new ATH 2482 this week - an inevitable downward adjustment, the price increase momentum is still very large when the FED is about to cut interest rates and world military tensions are still high. 🔥 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: $2434, $2460, $2482 Support : $2357, $2320 🔥 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:XAUUSDShort
by Nova-Scalper
15
BREAK 2400 !! GDP factor causes Gold to DOWN⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) prolongs Wednesday's steep decline from the week's high, sustaining intense selling pressure for a second consecutive day on Thursday. This is the fifth negative move in the past six days, pushing the commodity to a two-week low, around the $2,370-2,369 region during the Asian session. Without a new trigger, the drop can be linked to technical selling after breaching the $2,385 support level. This decline may be mitigated by expectations of a dovish Federal Reserve (Fed) stance. ⭐️ Personal comments NOVA: Gold price dropped sharply in the long-term H4 frame - bears prevail, waiting for the nearest support zone $2350 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2350 - $2352 SL $2345 TP1: $2360 TP2: $2370 TP3: $2380 🔥SELL GOLD zone: $2410 - $2412 SL $2417 TP1: $2395 TP2: $2380 TP3: $2370 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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:XAUUSDShort
by Nova-Scalper
7
Gold shows signs of recovery and increases again☘️Fundamental analysis Gold prices showed uncertainty near key support at $2,400 during the European session on Monday. The precious metal remains on edge amid growing speculation that the Republican Party led by Donald Trump will win the United States (US) presidential election in November. Market experts see Trump's victory as beneficial for economic growth because he has promised to cut corporate taxes and interest rates. This has driven upside risks to consumer inflation expectations. Trump's growing margin of victory has improved the appeal of the US dollar. The US dollar index (DXY), which tracks the value of the US dollar against six major currencies, fell slightly to 104.20 on Monday after a strong recovery from a four-month low is 103.65. The yield on the 10-year U.S. Treasury note fell to 4.22%. Lower yields on interest-bearing assets reduce the opportunity cost of investing in non-interest-bearing assets, such as Gold. ☘️Technical analysis Gold prices trade in a narrow range near $2,400. This precious metal dropped near the EMA 89 of the 4 hour frame and is reacting bullishly. The 14-day relative strength index (RSI) dipped into the 40.00-60.00 range, suggesting the bullish momentum has stalled. However, the uptrend remains intact. The bullish position is ready to return if the 2400 support level remains intact after the close of the daily candle. Resistance: 2420 - 2431 Support: 2403 - 2397 - 2392 - 2382 SELL price range 2419 - 2421 stoploss 2425 BUY price range 2392 - 2390 stoploss 2386
OANDA:XAUUSD
by TVS-Trader
XAU recovers - retests the DOWN trend⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The cost of gold (XAU/USD) continues to rise from the overnight rebound near a one-week low, drawing additional buyers for the second consecutive day on Wednesday. This increase is supported by a weaker market sentiment, which typically favors conventional safe-haven assets, pushing the precious metal to a new weekly peak around the $2,415 mark during the Asian trading hours. Additionally, expectations that the Federal Reserve (Fed) will begin reducing interest rates in September further encourage investment in the non-interest-bearing gold. ⭐️ Personal comments NOVA: Recovery from Gold around 2420-2430, retest for more downside ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2385 - $2383 SL $2378 TP1: $2390 TP2: $2395 TP3: $2400 🔥SELL GOLD zone: $2432 - $2434 SL $2439 TP1: $2425 TP2: $2410 TP3: $2390 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
10
XAUUSD - 1H a modest rise before more fallOANDA:XAUUSD I anticipate a modest rise in gold prices from the current support levels, which should serve as a pullback before a further decline. The technical analysis indicates strong support at the bottom of the trading range and the current support level, suggesting a temporary upward movement. In the political arena, recent news that President Joe Biden has dropped out of the presidential race has significant implications. Vice President Kamala Harris has been introduced as his successor, altering the dynamics of the upcoming election. This shift has also led to a decrease in former President Donald Trump’s chances of reclaiming the White House. These political developments add a layer of uncertainty that typically benefits gold, a traditional safe haven asset.
OANDA:XAUUSDLong
by Sober_Trading
Gold Wednesday Trading Strategy XAUUSD, today is Wednesday, July 24. Gold broke through 2412. I think today gold may try to rise to the key price of 2429-2441 Give several suggested trading prices: Gold sell: XAUUSD sell: Sell 2426-2429 Sell 2438-2441 Gold buy: XAUUSD buy: Buy 2393-2396 Buy 2381-2384 These are the key prices that gold needs to break through, so I think these prices are suitable for trading profit, please trade according to the settings when the prices arrive.
FX:XAUUSDLong
by MaudEvans
GOLD ( SENSITIVE AREA ) ( 4H )XAUUSD HELLO TRADERS Tendency , the price in the sensitive area between 2,420$ & 2,392$ . TURNING LEVEL (1) : the price of this level at 2,420$ , so if the price breaking this level reach a resistance level (1) . TURNING LEVEL (2) : the price of this level at 2,392$ , so if the price breaking this level reach a support level (1) . RESISTANCE LEVEL (1) : this level around 2,442$ , for reach this resistance level the price need breaking a turning level (1) . RESISTANCE LEVEL (2) : around 2,475$ , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1) SUPPORT LEVEL (1) : this level around 2,365$$ , for reach this support level the price need breaking a turning level (2) . SUPPORT LEVEL (2) : support level at 2,337$ , for reach this level will be breaking by open 4h candle below support level (1) . CORRECTIVE LEVEL : if the price corrective turning level (1) it is mean the price trying to reach a support level (1) , so if the price corrective a turning level (2) refers trying to reach a resistance level (1). TARGET LEVEL : RESISTANCE LEVEL : 2,442$ , 2,475$ , SUPPORT LEVEL : 2,365$ , 2,337$ .
OANDA:XAUUSD
by ArinaKarayi
1
GOLD ( UNDER UPWARD PRESSURE ) ( 4H )XAUUSD HELLO TRADERS INTRODUCTION : gold price rose during trading on Monday , after us president joe Biden formally announced his withdrawal form the presidential race last evening . Tendency , the price is under bullish pressure until trade above turning level . TURNING LEVEL : the price of turning level around 2,392$ , indicates the price trade above this level reach a resistance level , but if breaking this level reach a support level . RESISTANCE LEVEL : around 2,420$ , for reach this level will be stabilizing above turning level SUPPORT LEVEL : support level at 2,365$ , for reach this level will be breaking and stabilizing below turning level . PRICE MOVEMENT : the price is under bullish pressure , as long as the price trading above 2,392$ reach a resistance level (1) at 2,420$ , then it is requirement breaking FVG for reach resistance level (2) at 2,442$, but if breaking turning level reach a support level (1) at 2,365$ , it is a strong support level , the breaking this level reach a support level (2) at 2,337$ . TARGET LEVEL : RESISTANCE LEVEL : 2,420$ , 2,442$ . SUPPORT LEVEL ; 2,365$ , 2,337$ .
OANDA:XAUUSDLong
by ArinaKarayi
XAU/USD struggles to hold above $2400⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) gains some positive traction during the Asian session on Monday and for now, seems to have snapped a three-day losing streak to sub-$2,400 levels, or a one-week low touched on Friday. The US political development over the weekend prompts fresh selling around the US Dollar (USD), which, along with bets for an imminent start of the Federal Reserve's (Fed) rate-cutting cycle in September, benefits the precious metal. Apart from this, worries about slowing Chinese economic growth, geopolitical risks stemming from the protracted Russia-Ukraine war and the ongoing conflicts in the Middle East turn out to be another factor lending support to the safe-haven Gold price. The USD, however, lacks follow-through selling as investors await more cues about the Fed's policy path, which, in turn, will determine the next leg of a direcitonal move for the non-yielding yellow metal. ⭐️ Personal comments NOVA: Gold price had a short recovery above the $2400 area at the beginning of Monday week - sideways accumulation around this support area ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2392 - $2390 SL $2385 TP1: $2398 TP2: $2405 TP3: $2410 🔥SELL GOLD zone: $2419 - $2421 SL $2426 TP1: $2410 TP2: $2400 TP3: $2390 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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:XAUUSDShort
by Nova-Scalper
3
Gold Monday Trading Strategies and Signals XAUUSD. Today is Monday, July 22. It is the first trading day of this week. Today, gold opened at 2412 and has been fluctuating slowly within the range. After last week's violent fluctuations, gold is now very polarized. So I think it is likely to be a fluctuating trend today. When the trend is oscillating, we can make profits in both buying and selling orders. I will give you several corresponding transaction prices. You can refer to them. Gold buy: XAUUSD buy: 2391-2394 2377-2381 XAUUSD sell: 2417-2422 2429-2433 The above is my judgment on the gold trend today. I hope everyone will gain something. If you are interested in my analysis, please join me and give me a thumbs up
FX:XAUUSD
by MaudEvans
Gold will soon hit the 2500 markFundamental analysis Gold prices edged up slightly above $2,470 a troy ounce on Thursday, remaining near record highs amid growing optimism that the Federal Reserve (Fed) will cut interest rates in September. Low Interest Rates makes non-yielding assets like Gold more attractive to investors. Federal Reserve officials have expressed growing confidence that the pace of price increases is now more in line with policymakers' goals. Traders will likely keep an eye on weekly US Initial Jobless Claims and the Philly Fed Manufacturing Index on Thursday, along with a speech by the Fed's Lorie Logan. Technical analysis However, the 14-day Relative Strength Index (RSI) is positioned slightly below the 70 level, suggesting confirmation of the bullish trend but also overbought conditions for the asset. A correction can be expected in the short term. . A breakout above this 2470 level could see the pair test the old peak of 2484 and a gradual move towards the psychological level of 2500 On the downside, the Exponential Moving Average (EMA 34) on the h4 timeframe is forming two strong support levels at 2,440 which could act as immediate support, followed by the lower boundary of the ascending channel at $2,421. A break below the latter could put downward pressure on the XAU/USD pair to navigate the area around the regression support at $2,290. Support: 2450 - 2442 - 2432 Resistance: 2485 - 2495 - 2500 - 2515 - 2525 BUY zone 2442 - 2440 stoploss 2436 BUY zone 2432 - 2430 stoploss 2426 SELL zone 2485 stoploss 2490 SELL zone 2500 stoploss 2500
OANDA:XAUUSD
by TVS-Trader
The recovery is necessary for investors to buy long-term☘️Fundamental analysis Gold prices extended their decline during the European session on Friday, now near multi-day lows around the $2,420 region. The US Dollar (USD) continued the previous day's solid recovery from a four-month low and became the main factor pulling Gold back more than 1% on the day. Additionally, some profit-taking , especially after the recent price increase has further contributed to the decline, although the decline appears limited. Investors now appear confident that the Federal Reserve will begin lowering borrowing costs in September and have priced in the possibility of more rate cuts later in the year. This puts US Treasury yields on the defensive and will limit the USD. In addition, risk avoidance can support safe gold prices. Furthermore, geopolitical tensions and central bank demands will help limit any meaningful devaluation moves in the non-yielding yellow metal. ☘️Technical analysis From a technical standpoint, any further decline is likely to find good support near the 2315 area ahead of the $2,400 round mark. Next up is a break of horizontal resistance $2,390-2,385, which has now turned into support which, if broken decisively, could prompt some technical selling. On the other hand, the highs during the Asian session, around the $2,445 region, now appear to act as an immediate barrier, above which Gold prices could rise to the $2,469-2,470 region. With the oscillations on the h2 chart remaining firmly in the positive zone, bulls could aim to retest the all-time highs, near the $2,483-2,484 area, and conquer the psychological $2,500 mark. Support: 2417 - 2405 - 2400 - 2391 Resistance: 2480-2465-2453-2443 SELL price range 2480-2482 stoploss 2485 SELL price range 2451 - 2453 stoploss 2456 BUY price range 2293-2291 stoploss 2288 BUY price range 2400 - 2398 stoploss 2395
OANDA:XAUUSD
by TVS-Trader