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Goldtrend

Continue the DOWN trend next week !! XAU ✍️ NOVA hello everyone, Let's comment on gold price next week from 19/2 - 23/2/2024 🔥 World situation: In the meantime, there were updates from Federal Reserve officials, specifically Atlanta's Fed President Raphael Bostic and San Francisco Fed President Mary Daly. Bostic emphasized the need for patience and predicted that there could be two rate cuts in the summer if the data supports it. Daly acknowledged that there is work to be done and cautioned against acting hastily when patience is required, instead advocating for agility in response to the evolving economy. Both officials recognized that inflation is trending downward but remain cautious about the timing of implementing policy easing. Considering the underlying factors, the price of Gold would be influenced by the outlook of the US economy. An increase in inflation could lead to a rise in US Treasury bond yields, resulting in further downside for XAU/USD. On the other hand, if inflation continues to align with the Fed's 2% target, this could create an opportunity for rate cuts, which would impact the appeal of the Greenback. Consequently, the upside potential for XAU/USD is anticipated. 🔥 Identify: The slight recovery this week has helped Gold prices return to above $2010. But still within the bearish trendline. Selling pressure next week will continue to weigh on Gold prices 🔥 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: $2037, $2053 Support : $1987, $1974 🔥 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
6
Gold slightly recovered before the DOWN trend⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The most recent data from the United States presented a mixed picture. In January, Retail Sales experienced a decline of -0.8% on a month-to-month basis, falling short of both the previous month's numbers and the estimated contraction of -0.1%. This decrease was primarily attributed to reduced sales at auto dealerships and gasoline service stations, with stormy weather conditions further impacting sales. At the same time, Initial Jobless Claims for the latest week stood at 212K, lower than both the forecasts and the previous week's reading of 220K. This development is somewhat unexpected, considering that claims were expected to rise following announcements of layoffs by several companies. ⭐️ Personal comments NOVA: Gold's short-term recovery in a DOWN trend, $2015 expectations. Today's economic data could help Gold get there ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $1975 - $1977 SL $1970 TP1: $1982 TP2: $1990 TP3: $2000 Pay attention to the $1980 support zone 🔥SELL GOLD zone: $2014 - $2016 SL $2020 TP1: $2010 TP2: $2000 TP3: $1990 ⭐️ 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
5
Market analysis next weekI hope that gold can fall below 1985 today. If it cannot fall but chooses to go up, then gold may continue to rebound to a relatively high position next week (targeting several resistance points in 2015/2020/2040, and can only find opportunities to participate in short trades against the trend) The difficulty will be higher; now the decline in PPI is completely repaired, which is more likely to happen If it can fall taday or even directly break through 1984, we only need to find the bottom signal to participate in the long position after falling below 1984 next week (around 62-67, or 74-77), so that the difficulty next week will be reduced. In summary, we are bullish on gold now, but it is already 10 US dollars away from today's low of 1995, so it is difficult to set SL, and the weekend is coming. So now I can only wait until next week
OANDA:XAUUSDLong
by ActuaryJ
XAUUSD: 16/2 Today’s Market Analysis and StrategyDaily resistance 2000-2037, support below 1966 Four-hour resistance 2020-2032, support below 1966 Gold operation suggestions: Today, the upper resistance will focus on the previous 4-hour top-bottom conversion level around 2013-15, and the lower support will focus on the 1992-1990 area. First rely on this range to sell high and buy low. Trade cautiously in the middle position, and continue to short after rebounding around 2015-20. SELL:near 2020 SELL:near 2015
OANDA:XAUUSDShort
by ActuaryJ
Continuing DOWN trend !! XAU DOWN⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Fed Chair Jerome Powell and a number of other Federal Reserve officials have expressed the central bank's desire to gather more positive data and confirm the direction of inflation before implementing any changes to monetary policy. As a result of these statements, the financial markets are currently putting an 80% probability on a rate cut by the Fed in June. This reduces previous expectations that the central bank would begin cutting rates in May, as indicated by the CME FedWatch Tool. It is important to note that higher interest rates decrease the attractiveness of non-yielding metals, as they face increased competition from higher-yielding investments. In addition to this, Israel carried out extensive and deadly airstrikes in southern Lebanon on Wednesday, in response to a missile attack that caused fatalities in northern Israel. Israeli leaders have warned that if the cross-border violence persists, they will take significantly stronger military action in Lebanon. The ongoing geopolitical tensions in the Middle East may contribute to an increase in the price of gold, which is traditionally seen as a safe-haven asset. ⭐️ Personal comments NOVA: Gold's DOWN trend still prevails, strong selling pressure causes a lot of SELL volume. Gold prices are likely to continue to fall ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $1975 - $1977 SL $1970 TP1: $1982 TP2: $1987 TP3: $1993 Pay attention to the $2005 resistance area 🔥SELL GOLD zone: $2015 - $2013 SL $2020 TP1: $2008 TP2: $2000 TP3: $1993 ⭐️ 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
12
Gold price dropped sharply below $2000, strong selling pressure⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) has fallen below the psychological level of $2,000 during the early Asian session on Wednesday. The stronger inflation data in the United States has caused some selling pressure on gold, as it reduces expectations of an early interest rate cut. Currently, the price of gold is trading around $1,992, remaining unchanged for the day. At the same time, the US Dollar Index (DXY), which measures the value of the USD against a basket of six major currencies, is trading near 104.85 after reaching a three-month high of 105.00. The US Treasury yields have increased, with the 10-year yield at 4.32% and the 2-year rate surging to 4.654%, marking the largest one-day increase since May 5, 2023. ⭐️ Personal comments NOVA: After yesterday's CPI news, Gold price dropped sharply, below $2000. Selling pressure is still very large, waiting for the recovery and SELL watch to continue for Gold ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $1980 - $1978 SL $1973 TP1: $1988 TP2: $1994 TP3: $2000 Pay attention to the $2005 resistance area 🔥SELL GOLD zone: $2013 - $2015 SL $2020 TP1: $2005 TP2: $1997 TP3: $1990 ⭐️ 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
9
XAUUSD: 14/2 Today’s Analysis and StrategyGold technical chart, the pressure above the daily line is 2045, support is 2000-1966 Four hours, the upper pressure is 1997, support is 1966. One hour upper pressure is 1997, support is 1988 Operational suggestions: From the daily analysis, the short-term pressure above today focuses on the resistance level of 1997-2000, the dividing line between long and short is 2020, and the support below focuses on 1972~1966. SELL:near 2000 SELL:near 1988 BUY:near 1966
OANDA:XAUUSDShort
by ActuaryJ
GOLD 4H : Retest and then will drop GOLD New forecast The price perfectly fulfills my last idea and we got profit about +70 pip. The price of gold confirmed breaking the 2017 level and the 2007 level after closing yesterday’s trading below it, to fall under bearish corrective pressure again, on its way to visiting the 1977 level, with a reminder that breaking this level will push the price to visit the next corrective level at 1968. Therefore, we expect to witness further declines during the coming sessions supported by the negative pressure formed by the moving average 50, noting that the 2017 breakthrough will stop the current negative pressure and push the price to try to recover again so now it is possible to start a positive correction until 2007 level and then will drop . The expect range trading for today it will be between resistance line 2007 and support line 1977 until stabilized . support line : 1977 , 1968 resistance line : 1993 , 2007 Attention : We don't have any group in telegram be careful about scammer. Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OANDA:XAUUSDShort
by Arazmajeed
7
GOLD: Will price fill the imbalance of 1983 region? Gold rejected at 2078 and dropped down to 2030 where it had some correction in the price movement. Today price touched $2050 and from that area we saw a strong selling pressure, if price do continue to drop, we may see it hitting 2020$ key level first and then 2000$ key level will be our second area of exiting the trade. Though 1980$ is our final target. Second scenario is where we might see price filling the buy side price void area in the region of 2065$ if that is the case then it would likely to occur after the news volatility kicks in tomorrow. So what do you think about gold future?
OANDA:XAUUSDShort
by Setupsfx_
21
Gold tumbles: Eyes on UK inflation next Gold tumbles: Eyes on UK inflation next The new numbers are in: Current market sentiment suggests a 79% chance in June and an even stronger expectation of a 92% chance for a cut in July. The unexpectedly high US inflation figures have led to a reassessment of when the Federal Reserve might implement its initial rate cut. The US dollar surged on this news, with the USD/CAD hitting a multi-month high, and the EUR/USD hitting multi-month low. Gold dropped below the $2,000 mark, significantly trailing all its moving averages. The 7-day SMA accelerated its descent below the longer ones, reaching around $2,010. On the 4-hour chart, technical indicators indicate a possible stabilization in oversold territory, signaling a potential exhaustion in the downward movement. This perhaps suggests a likelihood of consolidation before the next significant directional shift. The release of UK inflation data tomorrow might serve as the next catalyst for market movements. Consumer prices are anticipated to decline by 0.3% on a month-over-month basis, with the annual inflation rate expected to increase for the second consecutive month, reaching 4.2%.
BLACKBULL:XAUUSD
by BlackBull_Markets