+$374.00 on Gold Call Today
What is up traders, Brandon here - Absolutely lovely call on Gold this morning.
Below are the links to all the minds that I would have posted before and after the trade itself was taken>
www.tradingview.com
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I like showing all the receipts because this gives clarity, you get a good idea of before and after. I hope you understood where I was coming from with this one.
Have a great rest of your day - see you guys soon =)
Goldsell
Gold Absolutely Destroys Sellers, Simultaneously fools BuyersWhat's up guys, I hope this message finds you well.
It appears that gold did actually play out almost exactly like I wanted it to and surprisingly I was right.
Here is the link to the original analysis - www.tradingview.com
The good thing about this is that due to it being a news event I wouldn't have been able to engage anyway until maybe after the event but had I engaged I would have absolutely been right.
Also You'd realize that I don't just call out buy here or sell there without an explanation.
I do this for 2 reasons.
1. I believe in order for you to get better you need to be able to explain what it is you think you understand to others in a way that helps them understand
And
2. If as a trader you don't like over-explaining\analyzing things.. I got some bad news for you buddy, this may not be the correct industry for you.
You have to be able to explain why you are taking specific trades even if it just to explain it to yourself. If you cannot do that then taking the trade is likely ill-advised.
Hope you enjoy this one, have a good rest of your day, see you guys soon!
GOLD and impact of cpi newsXAUUSD has hit all our bullish targets.
In our last analysis we have explained that if 2370 is not hit then the xauusd will fly to 2385 2393 2404 2421.
bullish targets hit
2385✅✅✅
2393✅✅✅
2404✅✅✅
2421✅✅✅
why xauusd fly high with cpi news?
For the last three months the cpi is less than the expected value and fall in consumer price is an indication of finance department for cutting interest rates for stimulating borrowing investing and to boost purchase to strengthen economy.
so now speculations for interest rate cut has increased and due to that reason as a safe haven gold price gone up
for more detailed analysis and views follow us boost us
The bears resisted fiercely! XAU adjustment⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) are rising due to a weaker US Dollar amidst speculation that the US Federal Reserve may cut interest rates in September following weak employment data. Political uncertainties in France and Middle Eastern tensions could further drive up Gold, a traditional safe-haven asset.
⭐️ Personal comments NOVA:
Gold's Monday price correction shows resistance from sellers and bears ahead of today's FED meeting. Gold price is still in a long-term price increase range
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2341 - $2343 SL $2336
TP1: $2350
TP2: $2365
TP3: $2380
🔥SELL GOLD zone: $2370 - $2372 SL $2377
TP1: $2360
TP2: $2350
TP3: $2340
⭐️ 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
I think it might be safe to sell soon (temporarily, at least)
If we look to the left, gold would have completely reversed the move it created last week Friday for NFP. Thus gold has now gone somewhat bearish which means sellers are interested.
If you look at the area circled (in purple) there would have been sellers interested at that level.
Gold literally just took out that area.
Any sellers who had sold around the circled area would have likely had stops above that level and now would be no more.
HOWEVER,
The reason I said it may be safe to sell (SOON) is because of this, the fact that price is coming back up again, if it were safe to sell, it wouldn't be coming back up to give traders a better opportunity to sell.
Due to this I'd be extra careful of selling OR buying at this time.
Gold Shorts from 2,410 back downScenario A:
Gold is looking promising for upcoming sells within the 2-day supply zone. As price has been bullish, I expect it to slow down and weaken when approaching this supply. Once price mitigates, I anticipate a Wyckoff distribution to form, providing a precise entry for a valid sell.
Scenario B:
If price retraces before reaching the supply and enters a demand zone, I will look to buy back up towards the supply, following the current bullish trend. Key zones include the 16-hour demand zone or the daily demand zone, where I will be looking to enter buys.
Confluences for Gold Shorts:
- Price has been bullish and requires a retracement.
- Entering a 2-day supply zone that has caused a CHOCH to the downside.
- Lots of liquidity to the downside that needs to be taken.
- If price wants to continue going up, it must retest a demand zone I have marked.
P.S. Scenario C:
If price breaks past the 2-day supply and continues rallying, it will likely carry on its long-term bullish trend, potentially breaking new all-time highs.
GOLD / Short trade opportunity!Hello traders!
As expected in the previous analysis, the GOLD reached the OB level and now I see a good opportunity to execute a short entry.
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Continue sideways ! Gold price stuck below $2350⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) continues with its struggle to make it through the 50-day Simple Moving Average (SMA) pivotal resistance and trades with a mild negative bias during the Asian session on Wednesday. The commodity, however, remains confined in a familiar range held over the past week or so as traders prefer to wait for more cues about the Federal Reserve's (Fed) policy path before placing fresh directional bets. Hence, the focus remains on the release of the FOMC meeting minutes later today. This, along with the Nonfarm Payrolls (NFP) report on Friday, might influence expectations about the Fed's future policy decisions, which will drive the US Dollar (USD) and provide a fresh impetus to the non-yielding yellow metal.
⭐️ Personal comments NOVA:
Gold price is still stuck in the fluctuating range of $2310 - $2350, waiting sideways for NF news this week
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2304 - $2302 SL $2297
TP1: $2310
TP2: $2320
TP3: $2330
🔥SELL GOLD zone: $2348 - $2350 SL $2355
TP1: $2340
TP2: $2330
TP3: $2320
⭐️ 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
GOLD [XAU/USD] Sell Structure for the Month of MayAnalysis of Gold Price Movement in May 2024
For the daily timeframe in May 2024, Gold has opened at a high level, indicating potential seller activity. The initial target for price movement is the open price of 2321.07 , serving as the primary take-profit point for the monthly structure. Utilizing Fibonacci analysis, the first take-profit level is identified at 2339.56 , followed by the open price of 2321.07 .
Key rules to follow when trading this structure include:
1. Market Structure (OHLC/OLHC)
2. Divergence
3. TDI Cross
When these conditions align, the likelihood of a successful trade increases. Remember to practice patience and apply proper risk management techniques.
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GOLD - Short trade forecast / Sell trade opportunity !Hello Traders!
I am looking for a short trade from the supply & OB resistance zone. I expect to see a 50% retracement which could be turned into a 2R profit target.
Keep in touch and all eyes are on the next move 👀
Please LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍ if you enjoy this idea!
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DOWN trend for gold!! under $2300⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) continues its steady movement below $2,300, approaching a two-week low. The Fed's unexpected hawkish stance earlier this month, predicting only one interest rate cut in 2024, bolsters US Treasury bond yields and hampers the non-yielding gold. The global equity markets' underlying bullishness also limits the upward potential of this safe-haven metal.
⭐️ Personal comments NOVA:
Gold price reached the target area of $2300 yesterday, continuing the DOWN trend, waiting for price reaction when bears prevail.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2271 - $2269 SL $2264
TP1: $2276
TP2: $2284
TP3: $2290
🔥SELL GOLD zone: $2320 - $2322 SL $2327
TP1: $2310
TP2: $2300
TP3: $2290
⭐️ 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
DOWN trend for Gold!! Expected mark $2300⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) dips for the second day, hitting over a week's low during Wednesday's Asian session. Influential Federal Reserve officials' recent hawkish comments imply no imminent rate cuts due to a strong US economy. This boosts US Treasury bond yields and the US Dollar, negatively impacting the non-yielding gold.
⭐️ Personal comments NOVA:
Gold price in the H1 trend line is decreasing - selling pressure exists. Pay attention to support areas
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2294 - $2292 SL $2287
TP1: $2300
TP2: $2308
TP3: $2315
🔥BUY GOLD zone: $2300 - $2302 SL $2297 scalping
TP1: $2306
TP2: $2310
TP3: $2315
🔥SELL GOLD zone: $2334 - $2336 SL $2341
TP1: $2328
TP2: $2320
TP3: $2310
⭐️ 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
Accumulation price zone - XAU continues to trade below 2350⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) trades lower despite weaker USD. Stronger US PMI delayed interest rate cut, limiting gold's upside. However, safe-haven flows from geopolitical tensions in the Middle East and Ukraine may boost gold in the near term.
Investors will closely watch the speeches of Fed members Lisa Cook and Michelle Bowman on Tuesday. Key economic data to pay attention to this week includes the final Q1 US GDP reading on Thursday and the May PCE Price Index on Friday. If there are signs of declining inflation, it could lead to expectations of Fed rate cuts in 2024, potentially weakening the US dollar and benefiting USD-denominated Gold.
⭐️ Personal comments NOVA:
Gold price continues to maintain the price range below 2350 - 2300 today, a cumulative sideway price range.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2302 - $2300 SL $2295
TP1: $2310
TP2: $2320
TP3: $2330
🔥SELL GOLD zone: $2341 - $2343 SL $2348
TP1: $2335
TP2: $2328
TP3: $2320
⭐️ 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
XAU/USD Shorts from 2,355 or 2,370 back downMy analysis for gold this week aligns with other pairs, where I am expecting bearish moves. Given the recent rise in the dollar, I am looking to join the trend and focus on selling opportunities. I have identified two nearby supply zones on the 6-hour and 12-hour charts as potential entry points.
Once the price reaches these zones, I will look for signs of slowed momentum, distribution, and a change of character (CHOCH). From there, I will target the liquidity pools below, including trendlines and Asian session lows.
Confluences for GOLD sells are as follows:
- Price has been breaking structure to the downside on the higher time frame.
- Price has left clean supply zones on the 6hr and the 12hr.
- Lots of liquidity to the downside that needs taking
- Trade idea is pro trend as price has been forming lower lows and lower highs.
P.S. Currently, the price is at a decent short-term buy position that can be taken up towards the supply zone, provided the confluences are correct. If the price continues to drop, I will look to enter off a new break of structure (BOS).
GOLD (XAUUSD):Analysis For Next WeekMarket Direction-- Down⬇️
Level to Look Out--2285-2280 Targets
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FAKE BREAK! Gold price maintains the DOWN price range below 2365✍️ NOVA hello everyone, Let's comment on gold price next week from 6/24 - 6/28/24
🔥 World situation:
Gold prices fell over 1.70% on Friday due to positive economic data from the US, which reduced expectations of interest rate cuts by the Federal Reserve. The XAU/USD trades at $2,317, below its opening price after reaching a daily high of $2,368. The US economy showed mixed signals, with June's PMI readings surpassing estimates but the housing sector declining as Existing Home Sales for May fell compared to April's data.
🔥 Identify:
Gold price had a FAKE BREAK to the 2365 zone then strong selling pressure on Friday, returning to the sideway price zone. Will continue to accumulate until the end of June 2024, maintaining below the 2365 area
🔥 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: $2338, $2365, $2385
Support : $2306, $2270
🔥 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 SellAs i have predicted earlier that gold will go down as it is forming a Bearish Flag pattren but at that time fundamental got in as a CPI news but i am still stick to the plan from a good Markup price of 2330 which is also a physiological level and a strong support became resistance through which gold has taken resistance almost 2 times in current scenario now gold is going upwards for liquidity sweep and then will rally down to fill FVG and take out sell side liquidity also in higher time frames and major trend of gold is down trend so we won't change our plan being bearish
Keep trading guyz only take care of ur capitals R:R for money management is all what we traders have got
We can't control the market but can control our losses
XAU/USD Gold short from 2,360 back downThis week, I'm anticipating a bearish drop. I have a clean 12-hour supply zone that has caused a break of structure to the downside. At the start of the week, I expect the price to move towards this zone. If not, we might see a small reaction from the 2-hour zone, leading the price up to the 12-hour supply.
Once the price reaches the 12-hour zone, I'll look for a Wyckoff distribution to form on the lower time frame, then sell the price back down to target the liquidity below, which I have identified as trendline liquidity.
Confluences for GOLD Sellls are as follows:
- Price has been breaking down and confirmed with a BOS on the higher time frame.
- Lots of liquidity below in the form of asia lows and trendline liquidity.
- price is near a good supply zone that has caused a break of structure.
- ATH's was taken and enough liq for price to move back down.
- This trade idea is along the with the current bearish trend.
P.S. If the price breaks this 12-hour supply zone, I will wait for the mitigation of the 2-day supply zone.
PPI - Will data cause Gold prices to fall next?⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) rose for the third consecutive day, reaching a weekly high of around $2,341-2,342 due to weaker US consumer inflation figures. However, the momentum slowed down near the 50-day Simple Moving Average (SMA) resistance after the Federal Reserve's unexpected hawkish stance. The Fed now expects only one rate cut in 2024, compared to the three previously projected in March. This is likely to put further downward pressure on gold during Thursday's Asian session.
⭐️ Personal comments NOVA:
After yesterday's data on keeping the FED's interest rates unchanged, it is expected that the Gold price is still in a DOWN cycle. Watch for more data during the week to identify trends
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2280 - $2282 SL $2275
TP1: $2290
TP2: $2300
TP3: $2310
🔥SELL GOLD zone: $2336 - $2338 SL $2343
TP1: $2328
TP2: $2315
TP3: $2300
⭐️ 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