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DOWN adjustment rhythm for UP wave⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Thursday saw an increase in Initial Jobless Claims in the United States, reaching 218,000 for the week ending December 23. This exceeded the market's prediction of 210,000. Continuing Claims also rose to 1.875 million, marking the highest level in four weeks. Additionally, November's Pending Home Sales remained unchanged, failing to meet the market's expectation of a 1% increase. Looking ahead, gold traders will be closely monitoring the release of the Chicago Purchasing Managers' Index for December on Friday. However, given that traders are entering holiday mode as they approach 2024, this data may not prompt immediate action. ⭐️ Personal comments NOVA: After the price reached the 2090 area, it reached a new peak in the last 3 weeks. Prices have been adjusted DOWN to create more liquidity for the market ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2053 - $2055 SL $2045 TP1: $2062 TP2: $2075 TP3: $2090 🔥BUY GOLD zone: $2032 - $2034 SL $2025 TP1: $2042 TP2: $2050 TP3: $2062 Note two more Scalping support zones: 2057 - 2059 and 2046-2047 ⭐️ 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 Buy Confirm Chart Gold price is finding additional support, as the US Dollar meets fresh supply from a risk-on rally in the Asian stock markets. Investors cheer expectations of aggressive interest rate cuts by the US Federal Reserve (Fed) next year and pile up on global stocks. Further, China’s pledge to promote stable growth by expanding domestic demand combined with the People’s Bank of China’s (PBOC) liquidity injections boost risk appetite at the expense of the US Dollar.
OANDA:XAUUSDShort
by FxJohnson
1
What's next for Gold after $2,100 record? PCE report in sight What's next for Gold after $2,100 record? PCE report in sight As attention in the financial markets shifts towards the upcoming US Personal Consumption Expenditures (PCE) inflation report set for release on Friday, its significance becomes apparent. This report holds the potential to provide crucial insights into future monetary policy adjustments. Moreover, its outcomes could ripple across various sectors, influencing the strength of the US Dollar and impacting both the stock market and the value of gold. Looking at the daily chart for the XAU/USD pair reveals a potential upward tilt in risk. Notably, gold has recently achieved a historic milestone, surging to an all-time high of over $2,100 per ounce. While a minor correction followed, this event remains undeniably significant. Within this context, the Core Personal Consumption Expenditures (PCE) Price Index, the favored inflation measure of the US Federal Reserve, takes center stage. The annual PCE inflation rate in the US dipped to 3% in October 2023, a level not seen since March 2021. Projections for this Friday’s PCE report hint at a potential fall to either 2.8% or 2.9%. Notably, a failure to reflect moderation in these figures would signal that the economy is still operating at an elevated temperature, potentially indicating that any policy stance adjustment could be premature.
BLACKBULL:XAUUSD
by BlackBull_Markets
GOLD M30/ / LONG TRADE ALLERT❗️Hello traders! As you can see, the chart reacted from the channel resistance level, and now I consider it a good opportunity to execute a long trade with the target until the price of 2041. See also previous analysis. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
TVC:GOLDLong
by GoodTradeST
GOLD M30 / BULLISH CHANNEL, LONG OPPORTUNITY ✅ Hello Traders! This is my perspective for GOLD M30. As you can see, we are in a BULLISH CHANNEL, and I expect a move until the price of 2042. A good opportunity to execute a long trade. At the price of 2042 we have an OB and a resistance level at 2040, very interesting levels to take into consideration. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. _________________________________ Follow, like, and comment to see my content: www.tradingview.com
TVC:GOLDLong
by GoodTradeST
🔴Gold Why sell setup👌🏆👌Hello my gues Gold fell when it reached a new historical resistance level of 2148, and when it fell, the price made a statement and not reversed the trend because some bears withdrew their profits from 1975, which is similar to the previous historical resistance level of 2075, that is, 75 is a common number between support and resistance, so I think that the price will continue to fall to... The 1940 level and this rise is a correction and not a trend reversal, so I used Fibonacci to determine the end of the upward trend
OANDA:XAUUSDShort
by Market-Destroyer
2
GOLD (XAUUSD): 2 Scenarios Explained 🥇 US fundamentals are coming in 30 minutes. Here are the potential scenarios for Gold. Bullish Scenario The market is currently testing 2041 resistance. If the market breaks and closes above that a bullish continuation will be expected at least to 2070. Bearish Scenario Gold is currently consolidating within a narrow horizontal range on an hourly time frame. If the price breaks and closes below its support - 2029, a bearish movement will be anticipated at least to 2015. Wait for a breakout and then follow the market. ❤️Please, support my work with like, thank you!❤️
FOREXCOM:XAUUSDShort
by VasilyTrader
5
GOLD WILL BLAST IN SELL CONFIRM PREDICTION Gold price (XAU/USD) trades with a mild positive bias for the third successive day on Friday, albeit lacks follow-through and remains below a one-and-half-week high touched the previous day. Against the backdrop of Friday's stronger-than-expected monthly jobs report, the upbeat US macro data released on Thursday pointed to a resilient economy and raised doubts about an early policy easing by the Federal Reserve (Fed) in March 2024. This leads to a modest recovery in the US Treasury bond yields, which, along with the prevalent risk-on environment, bolstered by hopes for additional stimulus measures from China, turns out to be a key factor acting as a headwind for the safe-haven precious metal.
OANDA:XAUUSDShort
by FxJohnson