Goldprice
Retest trend ! short-term recovery! target 2625SCALPING XAU / USD
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
USD bulls take a moment to pause as markets await the latest US inflation data, which could shape expectations for the Fed's rate-cut trajectory.
The Consumer Price Index (CPI) is projected to rise 0.2% in October and 2.6% year-over-year, up from 2.4% previously, raising questions about the Fed's capacity for further rate cuts.
⭐️Personal comments NOVA:
Short-term frame M15 - retesting trend, recovering with CPI news
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2598 - $2600 SL $2595
TP1: $2605
TP2: $2610
TP3: $2620
⭐️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
GOLD Hits Local Top—$2400 First, Then New Highs AheadTime to Get Serious with TVC:GOLD OANDA:XAUUSD
Weekly chart printed a reversal signal right before the election date. If this signals follows through and closes below $2600 by the end of the week, we could potentially see prices drop below $2400.
The monthly chart looks strong overall, with TVC:GOLD being slightly overextended beyond the second target and failing to reach the $2900 level. This timeframe also points to $2300 as a good area to consider buying back.
This will likely take weeks to come to fruition. Expect prices to potentially range around current levels, with $2750 being a key area to keep shorting until it breaks.
Q2 should bring some positive movement for TVC:GOLD , but for now, it seems like a local top, and a new consolidation phase above prev ATHs (All-Time Highs) is likely to form in the coming months.
A new gold rush?After the American elections are over, we can declare that the big winner was none other than Elon Musk. Or was it Donald Trump?
Following this, the newest American president publicly called on institutional investors to buy, mainly to buy cryptos. Will the dream of the “lovers” on duty come true, and will BTC become the new global legal tender currency?
Or will we see BTC become the newest store of value, surpassing the precious metal called gold?
After the new president's speech, I see that the crypto rush has had an effect, and I realize that the precious metal (gold) is losing strength.
Now, I will ask the final question. Will we have a new record in SPX, and especially in BTC?
It's worth remembering that the red lines are support points for gold at the moment!
Do your analysis and good business.
Be aware, if you buy, use stop loss.
Gold price is trending down ? Why ? World gold prices dropped to their lowest level in nearly 2 months due to pressure from the strong recovery of the USD. Recorded at 8:33 a.m. on November 13, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 105,897 points (up 0.04%).
The inverse relationship between gold and the USD seems to have disappeared in recent times. However, since the US presidential election, this relationship has returned strongly.
The USD is expected to benefit from some of the policies of US President-elect Donald Trump, as they will likely cause US interest rates to remain relatively high for a longer period of time and that will be unfavorable environment for gold.
Next week's economic calendar is quite bleak, especially when compared to last week's boom. The main economic news events to watch will be the US core CPI on Wednesday. The US Federal Reserve (FED) is expected to closely monitor CPI for signs that consumer inflation is continuing on its path towards 2%.
Thursday's US PPI report, weekly jobless claims data and Friday morning's US retail sales release for October will also provide specific data on Americans' purchasing power in the current high-cost environment.
🔥 TVC:GOLD BUY 2590 - 2592🔥
💵 TP1: 2600
💵 TP2: 2610
💵 TP3: OPEN
🚫 SL: 2583
🔥 TVC:GOLD SELL 2628 - 2630🔥
💵 TP1: 2620
💵 TP2: 2610
💵 TP3: OPEN
🚫 SL: 2637
Waiting for 2575 ! DOWN trend, strong supportSCALPING XAU / USD
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
The US Dollar extended its post-election rally, reaching its strongest level since early July, which weighed heavily on Gold prices on Monday. Expectations of Trump's expansionary policies and corporate tax cuts are seen as inflationary, reducing the likelihood of aggressive monetary easing by the Federal Reserve. This continues to support the Greenback.
⭐️Personal comments NOVA:
Continued downtrend - waiting for support at 2575 for gold to recover
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2575 - $2577 SL $2570
TP1: $2585
TP2: $2600
TP3: $2620
⭐️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
11/12 ! XAU ! Bears determined to continue to lower pricesXAU / USD trend forecast November 12, 2024
Gold dropped over 2.5% on Monday as the US Dollar surged to a four-month high. Speculation that a second Trump term might reignite trade tensions is supporting the USD's strength. XAU/USD is now trading at $2,611 after hitting a daily high of $2,686. This decline follows gold's worst weekly performance in more than five months after the election, with the US Dollar Index (DXY) up 0.6% to 105.57.
Gold prices continued to decline on Monday - returning to the 2610 zone. The 2606 support zone could help gold recover and stay above 2600 in the short term.
/// SELL XAU : zone 2654-2657
SL: 2662
TP: 50 - 150 - 300 pips (2627)
Safe and profitable trading
Long Position Stuck, Currently Reversing the LossesYesterday, the long position got stuck, but I have been using scalping on shorter timeframes to recover the losses, and now it's turned into a profit. With the remaining time today, I believe gold will rise to around 2630. During the process, I adjusted stop-loss levels and position sizes flexibly, capturing short-term fluctuations to turn the situation from a loss into a profit. Moving forward, if the price of gold continues to rise, I will maintain the long position and adjust the strategy according to market movements, with the target around the 2630 level.
XAU ! 11/12 ! Continue the downtrend ! 2580XAU / USD trend forecast November 12, 2024! SCALPING
Gold prices (XAU/USD) continue to decline during the first half of Tuesday's European session, dropping below $2,600 for the first time since September 20. Investors remain focused on the “Trump trade,” which strengthens the US Dollar to a four-month high, adding pressure to gold for the third consecutive day.
Additionally, expectations that Trump’s expansionary policies will drive economic growth and inflation are likely to restrict the Federal Reserve’s need for further easing. This keeps US Treasury yields high, diverting interest away from the non-yielding gold as markets await key speeches from prominent FOMC members.
break support 2610 - gold price continues to fall below 2600. Wait for retest 2610, SELL signal following downtrend
/// SELL XAU : zone 2608-2611 scalping
SL: 2614
TP: 40 - 80 - 150 pips (2596)
Safe and profitable trading
GOLD Every Rise Has Its Sunset- From 2000 to today, gold has surged by an impressive 1000%, a remarkable performance for the world's leading asset.
- Keep in mind, every ascent is bound to face a descent someday.
- I’ll skip the deep dive into politics and fundamentals, but the picture is clear: with Trump winning the election, peace could make a comeback. Gold typically rises when fears of war spike, but as those fears ease, its value tends to drop.
- As always, the chart tells the story. Take a look at the Fibonacci levels— a prime buying opportunity is likely to emerge in the $1200 to $800 range.
- i will post in comments my older Gold Analysis.
Happy Tr4Ding !
Gold on high time frame
Hello traders,
As you can see on the chart, there are two scenarios for gold:
1. This level is critical on the daily timeframe. If the price closes below $2,550 on the higher timeframe, the next level could be $2,350.
2. Conversely, if the price closes above $2,630 in the 4-hour timeframe, it may continue to rise and reach a new higher high.
Currently, gold is strongly bullish on the higher timeframe, but the price is in a correction phase.
---
Feel free to ask if you need further adjustments or if there are specific areas you'd like me to focus on!
Gold enters a long-term bearish-adjustment cycle⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) adds to last week's heavy losses and remains under some selling pressure for the second successive day on Monday. The US Dollar (USD) holds steady below a four-month peak touched last week in the wake of optimism over Donald Trump's anticipated expansionary policies and turns out to be a key factor undermining the commodity. Furthermore, President-elect Trump has vowed to cut corporate taxes, which remains supportive of the risk-on mood and contributes to driving flows away from the safe-haven precious metal.
Meanwhile, expectations that Trump's policies could spur economic growth and inflation and restrict the Federal Reserve's (Fed) ability to cut interest rates more aggressively keep the US Treasury bond yields elevated. This, in turn, exerts additional pressure on the non-yielding Gold price, though bets for further Fed rate cuts could offer some support. Traders might also opt to move to the sidelines ahead of this week's release of the latest US consumer inflation figures and speeches by influential FOMC members, including Fed Chair Jerome Powell on Friday.
⭐️Personal comments NOVA:
At the end of the year, there is almost no important news to help gold prices increase in 2024. The adjustment at the end of 2024 will cause gold to decrease.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2685 - $2687 SL $2692
TP1: $2678
TP2: $2665
TP3: $2650
🔥BUY GOLD zone: $2666 - $2664 SL $2659
TP1: $2672
TP2: $2680
TP3: $2690
⭐️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
XAUUSD - Where to next for gold?Most of you who know me know i have been posting this particular chart for months now and 2775 was always the target of current htf range (wicks above expected).
2775 was reached and price backed away from it for the weekly close.
If we look back at previous ranges this could entail a full range retrace back to 2615... first i will be looking for price reaction approx mid range around the 2700 area.
XAU/USD "Gold Dollar" Market Money Heist Plan on Bearish Side.Ola! Ola! My Dear Robbers / Money Makers & Losers, 🤑💰
This is our master plan to Heist XAU/USD "Gold Dollar" Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich 💰.
Entry : Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe Recent / Nearest Swing High
Stop Loss 🛑: Recent Swing High using 1h timeframe
Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Stay tuned with me and see you again with another Heist Plan..... 🫂
XAU ! 11/11 ! XAU sideway , wait retest 2681XAU / USD trend forecast November 11, 2024! SCALPING
Gold prices saw their sharpest weekly drop in over five months as the US Dollar strengthened broadly and US Treasury yields surged after Donald Trump's presidential win. The "Trump trade" momentum keeps supporting the Greenback, adding pressure to gold prices for the second day on Monday, with equity markets maintaining a positive outlook.
Gold is still sideways around the price range of 2664 - 2675, waiting for a break and entering orders following the trend. Waiting for the retest range of 2681 to set up a SELL signal.
/// SELL XAU : zone 2681-2684 scalping
SL: 2687
TP: 40 - 80 - 150 pips (2669)
Safe and profitable trading
XAU! 11/11! sideway beginning of the week, below $2700XAU / USD trend forecast November 11, 2024
Gold prices (XAU/USD) extend last week's significant losses, staying under selling pressure for a second consecutive day on Monday due to continued strength in the US Dollar (USD). Optimism about Donald Trump's proposed expansionary policies supports the USD near its four-month high from last week, which in turn weighs on gold prices.
Gold price sideways at the beginning of the week, price range 2660 - 2690 , in a downtrend, buyers try to keep the price against selling pressure from the market
/// BUY XAU : zone 2656-2653
SL: 2648
TP: 50 - 150 - 200 pips (2673)
Safe and profitable trading
XAU/USD "Gold Dollar" Market Money Heist Plan on Bearish Side.Ola! Ola! My Dear Robbers / Money Makers & Losers, 🤑💰
This is our master plan to Heist XAU/USD "Gold Dollar" Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich 💰.
Entry : Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe, Recent / Nearest High Point.
Stop Loss 🛑: Recent Swing High using 3h timeframe
Attention for Scalpers : Focus to scalp only on Short side, If you've got a money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss 🚫🚏. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Stay tuned with me and see you again with another Heist Plan..... 🫂
Why Gold Could See a 15% Correction Before the Next RallyGold, sitting at around $2,700, boasts an impressive 32.1% YTD performance. However, we're anticipating a significant 10-15% correction from current levels.
This past week's market dynamics are telling: the Russell 2000 surged 8.57%, $500B flowed into crypto markets signaling renewed risk appetite, while gold recorded its steepest weekly drop (-1.98%) since May 2024.
While these factors shape our near-term bearish outlook, persistent economic risks reinforce our long-term bullish stance on gold for the next couple of years.
Gold Expected to Rise, Target at 2733A great weekend has come to an end, and last week brought us substantial profits. This week, let’s aim for another strong start!
Gold trading opens in just half an hour. On Friday, the price of gold showed limited movement, slightly different from our expectations, but this is not a concern—the rally is still on track! As of Friday’s close, gold prices hovered around the MA5 level without fully breaking through, suggesting some resistance. However, a broader time frame shows that the overall rebound isn’t over yet. Friday’s movement was merely an initial attempt to test the MA30 resistance, with the major resistance level expected at the MA60.
With this in mind, my strategy this week is to buy gold below 2680. The first target range is 2685-2696, the second target 2706-2712, and the final target 2721-2733. Here’s to another profitable week ahead!
Gold - Time To Close Out Partial Profits!Gold ( TVC:GOLD ) is now back to the upper channel resistance:
Click chart above to see the detailed analysis👆🏻
After breaking above the plsychological $2.000 level, Gold created such an incredible rally, massively outperforming stocks and even cryptocurrencies over the past couple of months. Therefore, it is quite likely that big institutions will take some profits at the current levels.
Levels to watch: $2.700, $2.000
Keep your long term vision,
Philip (BasicTrading)