Scalping! XAU! Waiting for gold price to BREAK from trendSCALPING XAU / USD
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) stays under pressure during the early European session on Wednesday but manages to hold above the one-week low reached the previous day, showing limited follow-through selling. Expectations of a less dovish Federal Reserve (Fed) continue to support higher US Treasury bond yields, creating headwinds for the non-yielding yellow metal. However, USD bulls appear cautious, holding off on making strong moves ahead of the pivotal FOMC decision.
⭐️Personal comments NOVA:
Moving sideways in 2 trendlines, M30. Leaning towards breaking the uptrend and waiting for today's interest rate cut results.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2645 - $2643 SL $2640 scalping
TP1: $2650
TP2: $2655
TP3: $2660
⭐️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
Longtrade
interest rate cut! most important data end of 2024⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) extends its recovery from the $2,633 level, a one-week low, and gains modest traction during the Asian session on Wednesday. The uptick appears to be driven by repositioning ahead of a key central bank event. However, gains are likely to be limited as traders await the outcome of the crucial two-day FOMC policy meeting later today. The Federal Reserve (Fed) is broadly expected to cut interest rates by 25 basis points and signal a more cautious approach to further rate reductions.
⭐️Personal comments NOVA:
The market will pick up and recover when the FED lowers interest rates later today. But it won't have too much of an impact because most investors won't be too surprised.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2664 - $2662 SL $2667 scalping
TP1: $2658
TP2: $2652
TP3: $2645
🔥SELL GOLD zone: $2694 - $2696 SL $2702
TP1: $2685
TP2: $2670
TP3: $2660
🔥BUY GOLD zone: $2607 - $2605 SL $2600
TP1: $2618
TP2: $2630
TP3: $2645
⭐️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 continued its downward trend at the beginning of the week⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) edges higher after dipping to the $2,644-2,643 range during the Asian session, a one-week low. This pause in its recent pullback from last Thursday's one-month high is supported by a softer US Dollar, driven by a slight retreat in US Treasury yields. Geopolitical risks and uncertainties surrounding US President-elect Donald Trump's policies also bolster demand for the safe-haven metal.
However, expectations that the Federal Reserve (Fed) will take a cautious approach to rate cuts next year, given stalled progress in reducing inflation toward the 2% target, could support US bond yields and limit further gains for gold. Investors are likely holding back on major moves ahead of the much-anticipated FOMC meeting outcome on Wednesday.
⭐️Personal comments NOVA:
Downtrend continues - Gold is under strong selling pressure before results of interest rate cuts
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2674 - $2676 SL $2679
TP1: $2660
TP2: $2650
TP3: $2640
🔥BUY GOLD zone: $2635 - $2637 SL $2632
TP1: $2645
TP2: $2658
TP3: $2670
⭐️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
Gold recovers! Break and move uptrend⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) continues its weekly rally for the third straight day on Wednesday, reaching a two-and-a-half-week high during the Asian session. The metal aims to sustain its momentum above the $2,700 level, supported by multiple factors. Geopolitical tensions from the escalating Russia-Ukraine conflict, unrest in the Middle East, and concerns about US President-elect Donald Trump's proposed tariffs drive safe-haven demand. Additionally, expectations of rate cuts by major central banks further bolster the non-yielding yellow metal.
However, the US Dollar's (USD) recent rebound to a near one-week high on Tuesday limits further gains for USD-priced Gold. Moreover, traders remain cautious ahead of today's US consumer inflation data, which could shape the Federal Reserve's policy decision next week, influencing the USD and Gold's direction. Despite this, the broader outlook suggests that the XAU/USD remains biased towards further upside movement.
⭐️Personal comments NOVA:
The large time frame is showing a strong recovery in the 2700 price range. Continue the short-term uptrend, waiting for a bearish price reaction at 2722
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2720 - $2722 SL $2727
TP1: $2710
TP2: $2700
TP3: $2690
🔥BUY GOLD zone: $2685 - $2683 SL $2680 scalping ( Asian and European sessions )
TP1: $2690
TP2: $2695
TP3: $2700
🔥BUY GOLD zone: $2673 - $2671 SL $2666
TP1: $2680
TP2: $2690
TP3: $2700
⭐️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
XAU ! Scalping ! Buy according to the main short-term trendSCALPING XAU / USD
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) pares most of its intraday gains, hovering near the two-week high reached the day before, and trades slightly higher above $2,660 in early European trading on Tuesday. The US Dollar (USD) continues to gain momentum, extending its rebound from a nearly one-month low following the NFP report, as expectations grow that the Federal Reserve (Fed) will take a cautious approach to rate cuts. This remains a key factor limiting the appeal of the non-yielding yellow metal and restricting its upside.
⭐️Personal comments NOVA:
Gold price is having a good recovery after a lot of good news for this precious metal, priority is given to scalping with the trend, support zone 2655
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2656 - $2654 SL $2649 scalping
TP1: $2665
TP2: $2678
TP3: $2688
⭐️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
Bulls are strong - XAU market recovers⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
China’s gold reserves grew by 160,000 ounces in November, reaching 72.96 million ounces, up from 72.80 million ounces. This development has raised hopes for further gains in gold prices and is expected to support demand for the precious metal.
Meanwhile, Friday's Nonfarm Payrolls (NFP) report revealed that the US economy created 227,000 new jobs in November, surpassing the forecasted increase of 200,000.
⭐️Personal comments NOVA:
After breaking the sideway price range, gold price recovered well. Moving with the H1 Uptrend, the price range 2688, 2700 is the target resistance area.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2687 - $2689 SL $2694
TP1: $2680
TP2: $2670
TP3: $2660
🔥BUY GOLD zone: $2656 - $2654 SL $2649
TP1: $2665
TP2: $2678
TP3: $2687
⭐️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
H_1 SCENARIOThe current analysis for XAU/USD (Gold vs. US Dollar) suggests a mixed outlook influenced by technical and geopolitical factors
The current analysis for XAU/USD (Gold vs. US Dollar) suggests a mixed outlook influenced by technical and geopolitical factors combined with a positive RSI trend, suggests a potential continuation toward higher levels like $2,668 if the bullish sentiment persists
On shorter timeframes, consolidation is observed near $2,640, with potential bearish movement if the resistance levels hold. A pullback to previous levels like $2,620 could act as a pivot for further trend assessment
Immediate resistance is noted around $2,668, while support lies near $2,620. Breaking either of these levels could dictate the next directional move
Prediction: In the near term, XAU/USD appears likely to continue testing resistance levels. If the bullish momentum holds, a rise to approximately $2,660-$2,670 could occur. Conversely, failing to maintain current levels may lead to a retracement toward $2,620.
Disclaimer: I am not a financial advisor, and this analysis should not be considered financial advice. Please consult with a professional for trading decisions.
Bitcoin Bullish Break: Buying Opportunity After Resistance🌀 Analysis:
Bitcoin has completed its abc correction and formed an inverse head and shoulders pattern. The rapid price recovery after the recent dump indicates strong buying interest and the potential for a continuation of the bullish trend.
Currently, Bitcoin may experience a small correction or directly break the key resistance at $102,200. If this level is broken, which aligns with the neckline of the inverse head and shoulders, it will signal the start of a new upward wave, potentially driving the price toward higher targets.
🎯 Trade Setup:
Trade Type: Long (Buy)
Entry: $102,200
Target: $112,000
Stop Loss: $98,500
⚡ Notes:
Wait for confirmation of the resistance break before entering. Apply proper risk management and adjust trade size accordingly.
Scalping XAU ! signal BUY zone SIDEWAY SCALPING XAU / USD
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Concerns over US President-elect Donald Trump's tariff plans, ongoing geopolitical uncertainty, and expectations of another Fed rate cut this month continue to support safe-haven demand for Gold. At the same time, market belief that Trump's policies could drive inflation higher and prompt the Fed to maintain elevated interest rates for longer is boosting US Treasury yields. This provides some support to the US Dollar (USD), limiting Gold’s upward momentum.
Given these mixed signals, caution is advised before making new bullish bets. Traders now turn their focus to the US JOLTS Job Openings data for potential short-term trading opportunities around XAU/USD.
⭐️Personal comments NOVA:
Small frame gold price continues sideways, there are still SACLPING signals in the 2622 price range
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2623 - $2621 SL $2618 scalping
TP1: $2628
TP2: $2633
TP3: $2640
⭐️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
Swing BTC thesis by Titan_KarmaPrediction( investment_thesis='**Market Sentiment Analysis:** The current market sentiment for Bitcoin is predominantly bullish, driven by recent price highs and positive predictions for future growth. However, the movement of Bitcoin to exchanges by short-term holders suggests potential volatility and price corrections. This mixed sentiment indicates a need for a balanced approach, considering both the bullish long-term outlook and the potential for short-term fluctuations. **Technical Analysis:** The technical indicators present a mixed picture. On the 1-day chart, the RSI is slightly overbought, and the MACD shows bearish momentum, while the ADX indicates a strong upward trend. The price is below the EMA20 and SMA20, suggesting short-term bearishness. The 4-hour chart shows bullish momentum with a positive MACD, but a weak trend as indicated by a low ADX. The 1-hour chart supports short-term bearishness with a negative MACD and low ADX. Key support is around $90,000, with resistance at $98,000. **Fundamental Analysis:** The bullish sentiment is supported by increased long positions among top traders and significant trading volume, indicating strong market interest. However, the potential for increased volatility due to short-term holders moving Bitcoin to exchanges should not be overlooked. Diversification and risk management are crucial in navigating these market conditions. **Risk Management Strategy:** Given the mixed technical signals and potential for volatility, a cautious approach is recommended. Set a stop-loss at $90,000 to protect against downside risk, and a take-profit at $98,000 to capitalize on potential upward movements. Monitor market conditions closely and adjust these levels as needed based on new data and sentiment shifts. CONFIDENCE LEVEL: 78% OUTCOME: HOLD_BUY STOP_LOSS: $90,000.00 TAKE_PROFIT: $98,000.00 EXIT_POINT: $96,000.00 CURRENT PRICE: $95,014.49 ENTRY CRITERIA: - **TIMEFRAME**: 1d - **RSI**: above 60 - **MACD**: Bearish crossover - **MA20**: Below price - **ATR**: Moderate volatility - **Bollinger Bands**: Price near upper band - **Stochastic Oscillator**: Neutral - **News Impact**: Positive - **Historical Data**: Resistance at $98,000, Support at $90,000 CURRENT OPEN LONG POSITIONS: 0 CURRENT OPEN SHORT POSITIONS: 0' )
Break - signal BUY SACLPING XAU SCALPING XAU / USD
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
The US Bureau of Economic Analysis (BEA) reported on Wednesday that the Personal Consumption Expenditures (PCE) Price Index increased to 2.3% year-over-year in October, up from 2.1% in September.
The core PCE Price Index, which excludes food and energy costs, rose 0.3% month-over-month and climbed to 2.8% annually from 2.7% the previous month.
Meanwhile, data from the US Commerce Department showed the economy grew at a robust annual rate of 2.8% in the third quarter, driven by strong consumer spending, which increased by 3.5%.
⭐️Personal comments NOVA:
M30 witnessed gold price BREAK trend increasing, waiting for a reasonable BUY scalping signal
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2642 - $2640 SL $2637 scalping
TP1: $2646
TP2: $2650
TP3: $2657
⭐️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
XAU ! 26 Nov ! SCALPING support zone M45XAU / USD trend forecast November 26, 2024! SCALPING
Gold prices (XAU/USD) continue to trade with a bearish tone for the second consecutive day, hovering just above a one-week low during the early European session on Tuesday. Increasing confidence that US President-elect Donald Trump's expansionary policies will drive up inflation and reduce the likelihood of further interest rate cuts by the Federal Reserve (Fed) has pushed US Treasury yields higher. This, in turn, has renewed demand for the US Dollar (USD), weighing on the appeal of the non-yielding yellow metal.
Gold price continues to fall - moving towards long-term support zone 2605, slight recovery reaction
/// BUY XAU : zone 2606-2603
SL: 2600
TP: 40 - 80 - 150 pips (2618)
Safe and profitable trading
Gold falls - the market is still in an Uptrend⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Conversely, some Federal Reserve (Fed) officials remain cautious about further rate cuts, which could limit gold’s upward potential. Markets are recalibrating their expectations for Fed rate reductions next year as inflation concerns take center stage. Elevated interest rates tend to diminish gold's attractiveness. According to the CME FedWatch Tool, traders now see a 50.9% probability of a 0.25% rate cut, a decline from 69.5% just a month ago.
⭐️Personal comments NOVA:
Gold decreased at the beginning of the week, the market created more liquidity in the price range below 2700
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2685 - $2687 SL $2700 scalping
TP1: $2680
TP2: $2675
TP3: $2670
🔥SELL GOLD zone: $2739 - $2741 SL 2746
TP1: $2730
TP2: $2715
TP3: $2700
🔥BUY GOLD zone: $2653 - $2651 SL $2646
TP1: $2665
TP2: $2680
TP3: $2690
⭐️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
Bulls - high pressure ! XAU increase next week ✍️ NOVA hello everyone, Let's comment on gold price next week from 11/25 - 11/29/2024
🔥 World situation:
Gold prices surged to a two-week high on Friday during the North American session, supported by a dip in US Treasury yields. Geopolitical tensions kept the metal in demand, though improved US business activity limited its upward momentum. At $2,710, XAU/USD is up 1.50%.
The yellow metal gained strength as the US 10-year Treasury yield dropped by two basis points to 4.40%, providing a boost to gold. The precious metal is on track to post weekly gains exceeding 5%.
🔥 Identify:
A week that saw a big recovery, gold returned above the 2710 area. World tension news is still the main driver for gold prices to continue to recover.
🔥 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: $2747, $2788, 2800
Support : $2645, $2604
🔥 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 ! Nov 22 ! strong resistance 2710XAU / USD trend forecast November 22, 2024
Escalating Russia-Ukraine tensions continue to fuel safe-haven demand, propelling Gold prices higher for the fifth consecutive day on Friday, even amid a strong US Dollar. In response to Ukraine's deployment of US- and UK-supplied missiles in strikes on Russian territory, Russian forces launched a new intermediate-range ballistic missile targeting Ukraine.
Recovery continues, strong resistance 2710 will wait for gold price to reach
/// SELL XAU : zone 2708-2710
SL: 2716
TP: 50 - 150 - 300pips (2680)
Safe and profitable trading
Gold follows an Uptrend! 2706SCALPING XAU / USD
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) hold onto solid intraday gains during the early European session, trading near a two-week high just below $2,700. Escalating geopolitical tensions from the Russia-Ukraine conflict continue to drive demand for the safe-haven metal, marking its fifth consecutive day of gains. Additionally, expectations that US President-elect Donald Trump's expansionary policies may spark inflation further support gold, often seen as a hedge against rising prices.
⭐️Personal comments NOVA:
The buying pressure of the bulls is still very high, the gold price may continue to trend up to the 2706 area
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2682 - $2680 SL $2675
TP1: $2690
TP2: $2700
TP3: $2706
⭐️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
Chart Idea - BTC BULL FLAGBTC has been consolidating in a big bull flag pattern since March of this year. It has touched the resistance 5 times and support 3 times. Currently tested the support yesterday at 300EMA $53K. It can touch GETTEX:52K which is the 618 fib level. However, IMO the correction is almost done and we are on the way up from here.
BTC Swing Long Setup
Entry: $53K
SL: 50.2K
TP1: 67K
TP2: 72K
TP3: 102K
Trade should hit all TPs in next 3 months unless SL hit.
Chart Idea - BTC Swing Long from 52KI am even bullish from here. However, there is a scenario in which I see BTC make another leg down to 52K level which is a 0.618 fib level and full flag's diagonal support as well. Target should be 100K.
Trade Setup
Entry: 52K
TP: 100K
SL: 48K
RR: 12:1
To The Moooooonnn !!
XAU ! 11/ 21 ! SCALPING Gold price still increasesXAU / USD trend forecast November 21, 2024 ! SCALPING
Anticipations that US President-elect Donald Trump's proposed tariffs could drive inflation higher and reduce the Federal Reserve's (Fed) ability to lower interest rates continue to support elevated US Treasury yields. Combined with a generally upbeat risk sentiment, this could deter traders from making aggressive bullish moves on XAU/USD. Attention now shifts to upcoming US macroeconomic data and Fed commentary, which are expected to offer fresh direction for the precious metal.
Long term frame, the uptrend still has great buying power. SCALPING short term frame to find a good BUY entry point
/// BUY XAU : zone 2646-2643
SL: 2640
TP: 40 - 80 - 150 pips (2658)
Safe and profitable trading
Gold prices continue to increase today !⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices continue to rise, marking their third consecutive day of gains, as risk aversion drives demand for safe-haven assets despite a strong US Dollar. The precious metal has gained over 3.40% this week, with buyers targeting the $2,700 level. At the time of writing, XAU/USD trades at $2,650, up 0.69%.
The recent dip to a two-month low of $2,536 was largely due to profit-taking following Donald Trump's victory in the US presidential election. Concerns that some of his policies could reignite inflation pushed US Treasury yields higher and supported the Greenback.
⭐️Personal comments NOVA:
The break of the H1 and H4 trends shows that gold price increases, reversing from decreasing to increasing
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2681 - $2683 SL $2688
TP1: $2670
TP2: $2660
TP3: $2650
Pay attention to the resistance area at 2672 and support at 2640
🔥BUY GOLD zone: $2614 - $2612 SL $2607
TP1: $2625
TP2: $2640
TP3: $2655
⭐️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
World tension! Gold price momentum increases⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold recorded consecutive gains on Tuesday, rising by 0.70% as escalating tensions in the Russia-Ukraine conflict fueled risk aversion. Investors turned to the safe-haven metal, pushing its price above $2,600 after hitting a two-month low of $2,536.
At the time of writing, XAU/USD is trading at $2,629. The metal's rise was supported by declining US Treasury yields and a weaker US Dollar amidst a light economic calendar. Geopolitical risks also played a major role, with Russia’s intensified attacks on Ukraine and US President Joe Biden’s authorization of long-range missile use within Russia further boosting demand for Gold.
⭐️Personal comments NOVA:
Gold prices recovered at the end of November 2024 thanks to tensions in the world, Russia - Ukraine; Korean peninsula. Recovery continues
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2672 - $2674 SL $2679
TP1: $2665
TP2: $2650
TP3: $2640
🔥BUY GOLD zone: $2612 - $2610 SL $2607 scalping
TP1: $2618
TP2: $2625
TP3: $2640
🔥BUY GOLD zone: $2576 - $2578 SL $2571
TP1: $2588
TP2: $2600
TP3: $2610
⭐️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 Positive - Rebounds on Military TensionsXAU / USD trend forecast November 19, 2024
Gold prices (XAU/USD) drew safe-haven demand on Monday, rebounding after last week's sharpest weekly decline in over three years and breaking a six-day losing streak amid escalating geopolitical tensions.
Additionally, a pullback in US Treasury yields led to profit-taking on the US Dollar (USD) following its post-election surge to a new year-to-date high, providing further support for the non-yielding yellow metal.
Korean peninsula tension - boosts gold price to increase and recover. Wait for resistance zone according to FIBONACCY for gold price to decrease
/// SELL XAU : zone 2640-2643
SL: 2648
TP: 50 - 100 - 200pips (2623)
Safe and profitable trading
Recovery continues! Expected price range 2644⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices surged over 1.80% early this week, recovering from a two-month low of $2,536 to climb above $2,600. Heightened tensions in the Russia-Ukraine conflict, coupled with a weaker US Dollar, supported Gold’s rise on Monday. At present, XAU/USD is trading at $2,610.
Market sentiment on Wall Street is mixed, with two major US equity indices posting gains while the other two remain volatile. Geopolitical developments remain a key driver for Gold, as Russia’s large-scale offensive in Ukraine prompted a response from the White House.
⭐️Personal comments NOVA:
Gold price still shows strong upward momentum, recovery may be higher approaching potential price zones such as 2644 - 2673
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2644 - $2646 SL $2649
TP1: $2638
TP2: $2630
TP3: $2620
🔥SELL GOLD zone: $2673 - $2675 SL $2680
TP1: $2660
TP2: $2645
TP3: $2630
🔥BUY GOLD zone: $2589 - $2587 SL $2582
TP1: $2595
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