GOLDEN UP trend prevails !! Monday⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) is trading without much movement during the early Asian session on Monday. However, the increase in the value of the precious metal is being supported by the weaker US Producer Price Index (PPI) data and escalating tensions in the Middle East. Currently, the gold price stands at $2,045, experiencing a minimal decrease of 0.01% for the day.
On Friday, the US Producer Price Index (PPI) for December saw a yearly increase of 1.0%, compared to the revised 0.8% growth in November. This figure fell below market expectations of 1.3%. The annual core PPI, which excludes volatile food and energy prices, rose by 1.8% in December, down from the previous reading of 2.0% and lower than the market consensus of 1.9%. The monthly core PPI remained unchanged for the third consecutive month.
⭐️ Personal comments NOVA:
After PPI data decreased compared to expectations last week, along with the tense military situation in the Middle East, Gold prices continued to have a positive start in the Asian session on Monday.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2031 - $2033 SL $2023
TP1: $2045
TP2: $2055
TP3: $2063
🔥SELL GOLD zone: $2063 - $2065 SL $2070
TP1: $2055
TP2: $2048
TP3: $2033
⭐️ 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
Longgold
Gold price in the context of tense war✍️ NOVA hello everyone, Let's comment on gold price next week from 15/1 - 19/1/2024
🔥 World situation:
Traders purchased Gold as a result of the intensification of the conflict in the Middle East. Additionally, the rise in demand for the precious metal was driven by the decrease in yields of US Treasury bonds. This was fueled by expectations that the US Federal Reserve would implement substantial interest rate cuts, potentially as early as March.
🔥 Identify:
In the context of increasing US military tensions with the Middle East, creating a great premise for Gold prices to increase sharply despite economic data. That is an important factor to believe that Gold prices will continue to increase next week
🔥 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:
New Resistance: $2074, $2140
Support : $2015, $1990
🔥 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 !! bright spot in the market, price increase cycle⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold is trading higher near its three-week high of around $2,088 per troy ounce during the Asian session on Thursday. The potential for rate cuts by the Federal Reserve (Fed) in the first quarter of 2024 has improved risk appetite, leading to an increase in the price of gold.
The presence of major shipping companies returning to the Red Sea indicates a tentative return to normalcy, potentially influenced by the deployment of a multinational task force in the area. However, concerns persist regarding the potential closure of the Gibraltar Strait by Iran. The complex and ever-changing geopolitical situation in the Middle East continues to impact market sentiment and contribute to a growing demand for safe-haven assets such as gold.
⭐️ Personal comments NOVA:
Prices continue their steady upward trend, although there is not much impactful news, the positivity and trust of investors helps Gold prices continue to fly high.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2067 - $2069 SL $2060
TP1: $2075
TP2: $2086
TP3: $2094
🔥SELL GOLD zone: $2094 - $2096 SL $2102
TP1: $2086
TP2: $2080
TP3: $2070
⭐️ 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
Sideway price range above 2050 for Gold⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The US Dollar showed weakness against other currencies, while the US Dollar Index (DXY), which measures the value of the USD against a basket of currencies used by US trade partners, fell to its lowest level since July at around 101.45. Treasury yields decreased, with the 10-year yield at 3.89%.
Expectations of easing by the Federal Reserve have increased. The market has priced in a 15% chance of a rate cut on January 31 and fully priced in a cut on March 20, with six cuts fully priced in by the end of 2024. However, traders will be closely watching upcoming data for further guidance. It is important to note that lower interest rates benefit gold, as they reduce the opportunity cost of holding non
⭐️ Personal comments NOVA:
continues sideways above the $2050 price range. The outlook for ending 2023 is strong for Gold
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2045 - $2047 SL $2038
TP1: $2055
TP2: $2068
TP3: $2080
NOTE: Pay attention to the support zone $2050-$2052. BUY SCALPING can be set up
🔥SELL GOLD zone: $2083 - $2085 SL $2090
TP1: $2075
TP2: $2068
TP3: $2060
⭐️ 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
Gold price at the end of 2023 will remain stable above $2050⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The last week of 2023, without much important economic news, Gold prices maintained a stable high price range above $2050.
The information that interest rates will remain unchanged is the information that investors are most interested in, which is beneficial for Gold. Creating one of the most successful years for Gold
⭐️ Personal comments NOVA:
Gold prices continue to increase, maintaining high levels through 2023. Very happy signal for investors who believe in Gold
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2053 - $2055 SL $2048
TP1: $2059
TP2: $2065
TP3: $2075
🔥SELL GOLD zone: $2073 - $2075 SL $2079
TP1: $2065
TP2: $2058
TP3: $2053
⭐️ 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
Near Christmas, Gold prices maintain a stable Uptrend⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) is struggling to take advantage of its temporary increase to a level close to the highest point in three weeks. Currently, it is trading just below $2,050 as we enter the European session on Friday. The US Dollar (USD) has gained some positive momentum, recovering from a decline that brought it to a five-month low. This recovery is seen as a significant factor supporting the gold market. The upward movement of the USD can be attributed to traders adjusting their positions ahead of the release of important US inflation data. However, this uptick in the USD is expected to be limited due to the anticipation that the Federal Reserve (Fed) will shift away from its previously hawkish stance.
⭐️ Personal comments NOVA:
Gold price has broken through the 2050 zone and is currently testing around this zone to continue to create momentum and liquidity. Let's wait for the new price increase zone
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2038 - $2040 SL $2030
TP1: $2046
TP2: $2054
TP3: $2065
🔥SELL GOLD zone: $2064 -$2066 SL $2072
TP1: $2058
TP2: $2050
TP3: $2040
⭐️ 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
Final GDP 2023, Last chance for price increase⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) is showing positive momentum on Thursday and is recovering a significant portion of the decline it experienced the previous day from near the weekly high. However, the precious metal continues to trade within a well-known range that has been maintained over the past week or so. Traders are eagerly awaiting a new catalyst before taking positions for the next significant move. As a result, all eyes are on the release of the US Core Personal Consumption Expenditure (PCE) Price Index on Friday, as it has the potential to influence future policy decisions by the Federal Reserve (Fed). The outcome of this release will ultimately determine the short-term direction for this non-yielding commodity.
⭐️ Personal comments NOVA:
Last chance for price increase at the end of 2023 after GDP news. Stability from the buyers prevails
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2005 - $2007 SL $2000
TP1: $2013
TP2: $2020
TP3: $2030
🔥SELL GOLD zone: $2068 - $2070 SL $2075
TP1: $2060
TP2: $2050
TP3: $2040
⭐️ 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
Will there be a big breakthrough today? XAU increase⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) has entered a phase of bullish consolidation on Wednesday, as it trades within a narrow range just below the weekly high reached the day before. Several officials from the Federal Reserve (Fed) have recently attempted to delay market expectations of early interest rate cuts in 2024. In addition to this, a slight increase in the value of the US Dollar (USD) and the prevailing risk-on sentiment are acting as obstacles for the safe-haven precious metal.
⭐️ Personal comments NOVA:
Continue waiting for opportunities for Gold to continue to increase today
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2020 - $2022 SL $2014
TP1: $2030
TP2: $2040
TP3: $2050
🔥SELL GOLD zone: $2048 - $2050 SL $2055
TP1: $2042
TP2: $2035
TP3: $2030
⭐️ 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
Waiting for an increase in Gold today !! XAU⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) is unable to take advantage of the slight increase from the previous day and instead moves within a limited range during Tuesday's Asian session. Several important officials from the Federal Reserve (Fed) have recently attempted to counter market expectations for early interest rate cuts in 2024. This, in turn, is considered a significant factor that is hindering the non-yielding yellow metal. Additionally, the overall positive sentiment in global stock markets also adds to the limitation of gains for gold.
⭐️ Personal comments NOVA:
Monday the price had a certain accumulation, surpassing the EMA line. Price will return to test the 2020-2022 zone then continue the upward trend
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2020 - $2022 SL $2014
TP1: $2030
TP2: $2040
TP3: $2048
🔥SELL GOLD zone: $2048 - $2050 SL $2058
TP1: $2040
TP2: $2030
TP3: $2020
⭐️ 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
The market is stable, Gold price is firmly above $2000⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) is showing a positive trend at the start of the week and maintains its modest gains during the European trading session. However, there is a lack of sustained buying momentum. Last week, the Federal Reserve (Fed) indicated an end to its tightening of monetary policy and projected a total of 75 basis points (bps) in rate cuts by 2024. This limits the upside potential for the US Dollar (USD), which had rebounded from a four-month low on Friday, and serves as a supporting factor for the commodity. Additionally, concerns over geopolitical risks and fears of a deeper economic downturn, particularly in China and the Eurozone, contribute to the demand for the safe-haven precious metal.
⭐️ Personal comments NOVA:
the stability of Gold price today, above the $2020 zone. Technical models H1, H4 still show a cumulative sideway trend
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2008 - $2010 SL $2000
TP1: $2018
TP2: $2025
TP3: $2032
🔥SELL GOLD zone: $2032 - $2030 SL $2040
TP1: $2025
TP2: $2018
TP3: $2010
⭐️ 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
Decision week of 2023, gold price above $2000?✍️ NOVA hello everyone, Let's comment on gold price Decision week of 2023:18/12 - 22/12/2023
🔥 World situation:
After the FED meeting on keeping interest rates unchanged, Gold prices have increased sharply again and the chance of ending the year above $2000 is huge. Because the last week of 2023 does not have important economic data and investor psychology is also very satisfied with the current Gold price.
🔥 Identify:
Prices will stabilize above $2000 to end a successful year for Gold
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H1 frame, NOVA identifies the important key areas as follows:
Resistance: $2043
Support : $2008, $1995
🔥 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
PMI catalyzed Gold prices to break out⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) continues to move sideways during the European session on Friday and is trading below a high reached the previous day in the range of $2,047-2,048. The release of positive macroeconomic data from the United States on Thursday, coupled with a stronger-than-expected monthly jobs report on Friday, suggests that the US economy is resilient and raises doubts about the possibility of an early policy easing by the Federal Reserve (Fed) in March 2024. As a result, US Treasury bond yields have experienced a modest recovery, and this, combined with an overall risk-on sentiment driven by hopes of Chinese stimulus, is creating a challenging environment for gold as a safe-haven asset.
⭐️ Personal comments NOVA:
In recent weeks, there has been a common scenario: during the week there is a certain accumulation, Friday will be a strong fluctuation in price. The excitement of the market still exists so the expectation is that the price will continue to increase.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2009 - $2011 SL $2002
TP1: $2020
TP2: $2030
TP3: $2040
Pay attention to the 2021-2023 support zone, set up a BUY signal
🔥SELL GOLD zone: $2063 - $2065 SL $2073
TP1: $2055
TP2: $2048
TP3: $2040
⭐️ 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
Strong increase after FOMC meeting! XAU PUMP⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) is continuing to increase after a strong recovery from the 50-day Simple Moving Average (SMA), which was around the $1,973 mark. This recovery comes after a three-week low and the positive momentum has carried over into Thursday. The Federal Reserve (Fed) announced on Wednesday that they have no plans to raise interest rates and their "dot plot" indicates three 25 basis points (bps) rate cuts in 2024. Additionally, policymakers believe that inflation will reach the Fed's target of 2% without a recession. This dovish stance has caused a significant drop in US Treasury bond yields and has put pressure on the US Dollar (USD), which in turn has boosted the value of gold.
⭐️ Personal comments NOVA:
After yesterday's FOMC meeting, the decision to keep the old interest rate unchanged and reduce the next round has created very good news for Gold. The scholarship market will flourish again at the end of 2023.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2004 - $2006 SL $1996
TP1: $2015
TP2: $2022
TP3: $2030
🔥BUY GOLD zone: $2015 - $2017 SL $2012 Scalping
TP1: $2022
TP2: $2035
TP3: $2050
🔥SELL GOLD zone: $2050 - $2052 SL $2060
TP1: $2045
TP2: $2040
TP3: $2030
⭐️ 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
CPI inflation assessment - Gold positive or negative?⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
During the Asian session on Tuesday, the price of gold (XAU/USD) has slightly increased and moved away from a three-week low, which was around the $1,976-1,975 range reached the previous day. However, there is a lack of continued buying or strong bullish sentiment as traders appear hesitant to make aggressive bets on the direction of the market before the release of the latest consumer inflation data from the United States (US) later today. The upcoming Consumer Price Index (CPI) report will have a significant impact on the Federal Reserve's (Fed) policy outlook and will help determine the short-term trajectory for the non-yielding yellow metal.
⭐️ Personal comments NOVA:
Today released extremely important CPI economic data. Parameters to evaluate inflation and evaluate the current US economy. More and more money is returning to the financial investment market, showing signs of prosperity for the economy. This is also a disadvantage for Gold prices. After witnessing the new ATH point, Gold prices are in free fall.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $1965 - $1967 SL $1957
TP1: $1975
TP2: $1988
TP3: $1993
🔥SELL GOLD zone: $2013 - $2015 SL $2023
TP1: $2005
TP2: $1997
TP3: $1990
Pay attention to the resistance zone 1992-1995
⭐️ 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
New week with expectations of gold price recovery⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The Federal Reserve will disclose its decision on the interest rate on Wednesday, marking its final meeting of the year. Market expectations for the December meeting suggest that there will be no alteration in rates, and there is a belief that the dot plot will decrease. However, following the release of robust employment data, the market has revised its projections for the timing of the initial rate cuts, shifting them from March to May.
⭐️ Personal comments NOVA:
The week started with not much impactful news. Expect a recovery today.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $1990 - $1992 SL $1982
TP1: $2000
TP2: $2010
TP3: $2020
🔥SELL GOLD zone: $2020 - $2022 SL $2030
TP1: $2015
TP2: $2010
TP3: $2005
⭐️ 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
Scalping XAU! 11/12 Recovery pace in downward momentum⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) is moving downwards for the second consecutive day on Monday, distancing itself even further from the record high it reached last week. During the first half of the European session, the value of this precious metal remains low, staying below the significant $2,000 mark, due to an increase in US Dollar (USD) buying. The release of the US monthly jobs report on Friday, which exceeded expectations, led investors to reduce their expectations of an early easing of policies by the Federal Reserve (Fed). As a result, there has been a recovery in US Treasury bond yields, which in turn strengthens the dollar and weakens demand for commodities priced in USD.
⭐️ Personal comments NOVA:
Second, there have not been too many price fluctuations. Scalping BUY signal for recovery
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $1996.5 - $1994.5 SL $1991.5 Scalping
TP1: $2000
TP2: $2004
TP3: $2007
⭐️ 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
Last Non - Farm of the year! Gold increases or decreases ?⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold reached record highs this week, reaching $2,144.48 in an aggressive rally on Monday. However, the XAU/USD has been trading thinly for the rest of the week, erasing the gains made on Monday.
Spot Gold has slightly decreased throughout the week, down just over 2% from Monday's opening prices as we approach Friday's trading session. Traders are eagerly awaiting the upcoming US Nonfarm Payrolls (NFP) report, which will mark the end of the trading week.
⭐️ Personal comments NOVA:
Stability and balance between buyers and sellers is taking place. Sideway after the Monday surge. Today will witness 3 important news for the US economy, especially NF. The final trend will likely be decided by the end of 2023
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $1990 - $1992 SL $1982
TP1: $2000
TP2: $2010
TP3: $2020
🔥SELL GOLD zone: $2068 - $2070 SL $2078
TP1: $2060
TP2: $2050
TP3: $2040
Pay attention to the resistance zone 2048-2050
⭐️ 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
Sideway, Rebalance the market XAU⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Newly published data on Wednesday indicated that the November ADP private payrolls experienced a modest increase of 103,000, compared to the previous reading of 106,000. This figure fell short of market expectations, which had anticipated a growth of 130,000. The release of the ADP report followed Tuesday's unveiling of the Labor Department's JOLTS job openings number for October. Surprisingly, this figure reached its lowest point since March 2021, plummeting to 8.73 million from a downwardly revised 9.35 million in September.
⭐️ Personal comments NOVA:
After the instability at the beginning of the week, the price is showing signs of stabilization by sideways with a shorter price range in the 2015 - 2035 area.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2005 - $2007 SL $1997
TP1: $2015
TP2: $2022
TP3: $2030
🔥SELL GOLD zone: $2049 - $2051 SL $2056
TP1: $2040
TP2: $2030
TP3: $2020
⭐️ 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
Big market fluctuations at the end of the year⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) experienced a significant reversal during Monday's trading session, dropping by approximately $125 after initially surging to a new record high around the $2,144-2,145 range. However, the sharp decline halted near the $2,020 level as investors increasingly acknowledged that interest rates in the United States (US) have reached their peak. Additionally, market participants have been factoring in the possibility of a more accommodative stance from the Federal Reserve (Fed) and an increased likelihood of a rate cut by March 2024.
⭐️ Personal comments NOVA:
After Monday's crazy trading session. Prices have decreased around the 2020-2050 region. At the end of the year, Gold has large and erratic fluctuations.
There will be short-term Scalping signals before Gold stabilizes and has a clear upcoming trend
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $1995 - $1997 SL $1990
TP1: $2010
TP2: $2020
TP3: $2032
🔥SELL GOLD zone: $2073 - $2075 SL $2083
TP1: $2065
TP2: $2055
TP3: $2047
⭐️ 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
DRD Gold Laggard but ready to shoot up - R24.65W Formation is forming on DRD Gold.
It's been a slow process, considering how many gold stocks have been outperforming the index itself.
But we are seeing signs that it's nearly DRD Gold time to shine...
The price is close to the neckline which needs to breakout. We also need to see a confirmed close and strong move above the 200MA.
The target remains at R24.65
ABOUT THE COMPANY
1. Company Overview:
DRD Gold Limited is a South African gold mining company.
DRDGold Limited, also known as Durban Roodepoort Deep Limited, is a mid-tier, unhedged gold producer and a world leader in surface gold tailings retreatment.
The company was established in 1895 in South Africa, making it one of the oldest continuously operating mining companies in South Africa.
2. Operations:
DRD Gold's primary operations are centered around gold recovery from surface tailings.
The primary business of DRDGold is the reclamation and processing of residual gold from old mine dumps.
Their largest operation, Ergo Mining Proprietary Limited (Ergo), has a vast footprint on the western and eastern sides of Johannesburg, a region marked by many years of gold mining.
This area is known for having some of the most substantial gold deposits in the world.
3. Focus on Tailings:
The company is known for its expertise in the retreatment of gold-bearing surface tailings.
4. Location:
The company's operations are likely to be situated in the Witwatersrand Basin in South Africa, a region historically rich in gold deposits.
Gold officially has a new peak, increasing strongly✍️ NOVA hello everyone, Let's comment on gold price next week from 4/12 - 8/12/2023
🔥 World situation:
Last Friday, after the PMI news and the FED meeting, the information was not good for the dollar, it witnessed a new milestone for Gold.
Gold price reaches a new peak in 2075. This is a previously forecast result at the end of 2023.
Although information about the war between Ukraine and Israel has gradually decreased, it is still happening. That is also the motivation for Vang to continue to increase strongly
🔥 Identify:
Currently, buying power is still very strong. Price is in a nice technical zone to continue increasing
December will still witness new record high points for Gold
🔥 Technically:
Based on the resistance and support areas of the gold price according to the D1 frame, NOVA identifies the important key areas as follows:
New Resistance: $2100, $2150
Support : $2051, $2027, $2005
🔥 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
Start December. PMI impact on Gold price⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
During the Asian session on Friday, there is a noticeable increase in interest in the price of gold (XAU/USD), leading to a partial recovery from the losses experienced the previous day. The current value of this precious metal is approximately $2,040, representing a modest increase of 0.15% for the day. It is worth noting that this places the price within close proximity to its highest level since May 5, which was reached on Wednesday. Recent data from the United States (US) reveals that inflation rates have continued to decrease in October, while the labor market has shown signs of slowing down. These developments support the belief that the Federal Reserve (Fed) will no longer pursue interest rate hikes. This dovish outlook has become a significant contributing factor in the positive performance of gold, which does not offer any yield.
⭐️ Personal comments NOVA:
With good forecasts for the dollar, bad for Gold after today's PMI news. Gold is still in the accumulation phase, sideways to have a new breakthrough in December
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2015 - $2017 SL $2007
TP1: $2027
TP2: $2040
TP3: $2052
🔥SELL GOLD zone: $2060 - $2062 SL $2070
TP1: $2050
TP2: $2040
TP3: $2030
⭐️ 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
After today's PCE news, Gold has reached 2060 ?⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold is currently hovering around $2,040 per troy ounce during the Asian session on Thursday. After reaching a six-month high of $2,052 on Wednesday, the value of the yellow metal has retreated. This decrease in gold's price suggests a possible shift in market sentiment or profit-taking following the recent rally.
Gold faced challenges due to a modest rebound in the US Dollar (USD). The US Dollar Index (DXY) is struggling to maintain its gains and is currently around 102.80. In the previous session, the USD successfully ended its four-day losing streak, thanks to stronger-than-expected data on US Gross Domestic Product Annualized, released by the US Bureau of Economic Analysis. The third-quarter US GDP Annualized growth rate increased by 5.2%, surpassing the previous reading of 4.9% and exceeding the market consensus of 5.0%.
⭐️ Personal comments NOVA:
All technical parameters and economic data support the continued increase in Gold prices. Today continue to wait for the next peak price range
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2015 - $2017 SL $2010
TP1: $2030
TP2: $2045
TP3: $2060
🔥SELL GOLD zone: $2060 - $2062 SL $2070
TP1: $2054
TP2: $2045
TP3: $2040
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
Currently, according to the long time frame H4, H1, the price range is still fluctuating stably above the average line EMA 34, 89, showing that the uptrend is still the dominant trend.
Prioritize BUY signals
⭐️ 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