Longtrade
XAU / USD ! 10/16 Bulls prevail $2685XAU / USD trend forecast October 16, 2024
Gold prices rose on Tuesday as US Treasury yields fell, limiting gains for the US Dollar. The economic calendar included the New York Empire State Manufacturing Index and the NY Fed Consumer Expectations Survey, with XAU/USD trading at $2,664.
The Empire State Manufacturing Index for September showed a weak result, while the NY Fed survey indicated higher inflation expectations for the month.
Gold price surpassed the nearest resistance zone of 2660, approaching the next price zone of 2672. The bulls are dominating, determined to find the old ATH of 2685 this week.
/// SELL XAU : zone 2685-2682
SL: 2690
TP: 50 - 100 - 200 pips (2665)
/// BUY XAU : zone 2653-2650
SL: 2645
TP: 50 - 100 - 200 pips (2670)
Safe and profitable trading
XAU recovers - positive market !! $2685⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) rose for the second consecutive day on Wednesday, reaching a one-and-a-half-week high of around $2,670 during the Asian session. Lower US Treasury yields pulled the US Dollar away from its two-month peak, supporting gold. Additionally, weaker global equity markets and ongoing geopolitical risks boosted demand for the safe-haven metal.
Central bank demand further supported gold prices, though expectations of a less aggressive policy easing by the Federal Reserve (Fed) and a likely 25 basis point rate cut in November may limit any significant USD decline. Moreover, reports that Israel won't target Iran’s oil and nuclear sites could cap further gains for gold, suggesting caution for additional upward movement.
⭐️Personal comments NOVA:
Gold prices recovered - when war information continued to have a good impact on the Gold market. Expect to touch old ATH 2685 this week and correct to create additional liquidity
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2651 - $2649 SL $2644
TP1: $2660
TP2: $2670
TP3: $2683
🔥SELL GOLD zone: $2671 - $2673 SL $2677 SCALPING
TP1: $2665
TP2: $2660
TP3: $2650
🔥SELL GOLD zone: $2683 - $2685 SL $2690
TP1: $2675
TP2: $2668
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
- The winner is the one who sticks with the market the longest
XAU on the rebound - stable above 2600 this week ⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) surged over 1% on Friday, closing near the weekly high after the US Producer Price Index (PPI) indicated a positive inflation outlook, reinforcing expectations of future rate cuts by the Federal Reserve (Fed). Additionally, ongoing geopolitical tensions in the Middle East bolstered safe-haven demand, further supporting gold's rise.
However, with investors no longer anticipating a large Fed rate cut in November, US Treasury yields remain high, and the US Dollar stays near its mid-August peak. Furthermore, optimism around China's plan to increase debt to boost its economy adds some pressure on gold during Monday's Asian session.
⭐️Personal comments NOVA:
Gold price this week continues its upward trend - remaining stable above the 2600 mark. Sideway doesn't have much important news this week
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2629 - $2627 SL $2622
TP1: $2635
TP2: $2642
TP3: $2650
Pay attention to the potential support zone today: 2635
🔥SELL GOLD zone: $2669 - $2671 SL $2676
TP1: $2660
TP2: $2650
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
- The winner is the one who sticks with the market the longest
DOW Theory ! XAU ! 10/14 uptrendXAU / USD trend forecast October 14, 2024
Gold price (XAU/USD) rises for the third consecutive day on Monday, reaching over $2,667, a one-week high in early European trading. Expectations of further Federal Reserve rate cuts due to a favorable inflation outlook drive demand for the non-yielding metal. Additionally, growing geopolitical tensions in the Middle East provide extra support for the safe-haven asset.
Gold price M30 frame shows signs of breaking DOW uptrend - waiting for old peak resistance zone 2685
/// SELL XAU : zone 2683-2686
SL: 2691
TP: 50 - 100 - 300 pips (2656)
Safe and profitable trading
Gold sideways - large range 2605 - 2682! next week ✍️ NOVA hello everyone, Let's comment on gold price next week from 10/14 - 10/18/2024
🔥 World situation:
Gold surged over 1% on Friday, with the metal on track to close the week with a modest 0.20% gain, following inflation data and Thursday's Consumer Price Index (CPI) report, which slowed the US Dollar’s advance. Currently, XAU/USD is trading at $2,658.
Mixed economic data supported gold's rise. The US Bureau of Labor Statistics (BLS) reported producer prices close to expectations, signaling inflation is declining but still above forecasts. Meanwhile, the University of Michigan's October Consumer Sentiment showed a decline, reflecting concerns about higher living costs.
🔥 Identify:
After gold broke the H1 downtrend, there was a recovery above 2650. Still in the long-term H4 uptrend. However, there is a high possibility that it will still move sideways to accumulate more in October (price range 2605-2682).
🔥 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: $2682, $2700, $2710
Support : $2629, $2605, $2575
🔥 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
Break ! Gold recovered unexpectedly after CPI news⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices regained some ground on Thursday, rising 0.67% during the North American session following a hotter-than-expected US inflation report, balanced by weaker jobs data. However, hawkish remarks from a Federal Reserve (Fed) official limited gold’s gains. XAU/USD is trading at $2,624, rebounding from a daily low of $2,603.
While US inflation for August was slightly higher than anticipated, soft job data provided some relief. The US Department of Labor reported more unemployment claims than expected, raising the possibility of more aggressive Fed rate cuts.
⭐️Personal comments NOVA:
Gold price creates CHOCH in H1 frame - structural change from decreasing to increasing. Gold price recovered. Pay attention to the resistance zones: 2652, 2668
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2628 - $2626 SL $2623 scalping
TP1: $2634
TP2: $2640
TP3: $2650
🔥BUY GOLD zone: $2605 - $2603 SL $2598
TP1: $2615
TP2: $2622
TP3: $2633
🔥SELL GOLD zone: $2668 - $2670 SL $2675
TP1: $2660
TP2: $2650
TP3: $2640
⭐️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
sideway and accumulation! XAU! 10/8XAU / USD trend forecast October 8, 2024
Gold prices dipped during Monday's North American session, trading between $2,630 and $2,659, as rising US Treasury yields limited gains. However, the intensifying conflict in the Middle East prevented further declines. XAU/USD is at $2,645, down 0.30%. Market sentiment worsened due to ongoing violence, with Israel expanding ground operations in Lebanon and Hamas firing rockets at Tel Aviv. Ceasefire hopes diminished as groups like the Houthis also attacked ships in the Red Sea, escalating the conflict.
The price range of 2625-2685 is almost awaited by investors to wait for the next interest rate information, the longer the accumulation, the stronger the gold price fluctuates. Sideway will continue today.
/// BUY XAU : zone 2624-2627
SL: 2619
TP: 50 - 100 - 200 pips (2644)
Safe and profitable trading
10/4/24 wait news ATH from XAU ! NF XAU / USD trend forecast October 4, 2024
Gold price (XAU/USD) continues trading within a narrow range, as traders await a new catalyst to determine the next directional move. Attention is focused on the upcoming US Nonfarm Payrolls (NFP) report, set to be released later on Friday. The data could shape expectations about the pace of the Federal Reserve's rate cuts, impacting US Dollar demand and influencing gold prices.
NF and war tensions are the main drivers for gold prices to continue to rise - creating new ATH
/// SELL XAU : zone 2698-2700
SL: 2706
TP: 50 - 100 - 200 pips (2680)
Safe and profitable trading
PMI - momentum for NF - prepares to increase prices⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices remain supported by escalating Middle East tensions. On Tuesday, Iran fired over 200 missiles at Israel, and early Thursday, Israel launched airstrikes on central Beirut, Lebanon, increasing fears of a larger conflict. This ongoing instability boosts demand for safe-haven assets like gold. Meanwhile, traders are likely holding back from making strong moves, awaiting Friday's key US Nonfarm Payrolls (NFP) report for clearer direction.
⭐️ Personal comments NOVA:
According to the H1 frame - gold prices form an upward trend - NF this week will determine the upcoming trend for Gold - NOVA leans towards upward price momentum thanks to middle east tensions - gold price has more upward momentum
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2644 - $2641 SL $2637
TP1: $2650
TP2: $2660
TP3: $2672
🔥SELL GOLD zone: $2672 - $2674 SL $2679
TP1: $2665
TP2: $2650
TP3: $2641
⭐️ 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 10/3 ! break and buy now ! touch old ATH 2681XAU / USD trend forecast October 3, 2024
Gold price (XAU/USD) remains under pressure during Thursday's Asian session due to a stronger US Dollar, supported by reduced expectations of aggressive Fed rate cuts. Wednesday's positive US ADP report highlighted labor market stability, causing investors to further lower their bets on a large rate cut in November. As a result, the USD Index (DXY) reached a three-week high, weakening demand for gold.
Gold price moves in large range - touches H2 downtrend trendline
Upward view based on world war tension in the middle east
/// BUY XAU : zone 2641-2644
SL: 2636
TP: 50 - 100 - 300 pips (2671)
Safe and profitable trading
10/2 XAU | USD increased by war conflictXAU / USD trend forecast October 2, 2024
Iran launched ballistic missiles at Israel on Tuesday in response to Israel's actions against Hezbollah in Lebanon, boosting demand for safe-haven gold. Israeli Prime Minister Benjamin Netanyahu vowed Iran would face consequences, while Iran warned of massive destruction in retaliation, escalating the risk of a wider Middle East conflict. Meanwhile, the US JOLTS report revealed a surprising rise in job openings for August, reaching 8.04 million.
/// BUY XAU : zone 2635-2637
SL: 2629
TP: 50 - 100 - 300 pips (2665)
Safe and profitable trading
2702 ! XAU/USD offers the most positivity ⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) edged lower during Friday’s Asian session but remains close to the recent record high. The US Dollar (USD) recovers some of its previous losses as traders adjust positions ahead of the US Personal Consumption Expenditure (PCE) Price Index release. This, combined with a positive market sentiment and overbought signals, creates pressure on gold.
However, expectations of more aggressive rate cuts from the Federal Reserve (Fed) may limit any significant USD gains. Additionally, ongoing geopolitical tensions in the Middle East continue to support safe-haven assets like gold, helping to cushion its decline. Traders await the US inflation data, which could impact the Fed's rate-cut plans and drive gold’s next move.
⭐️Personal comments NOVA:
Friday with PCE news brings gold's strongest week of gains - ATH target reaches 2702
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2655 - $2653 SL $2650 scalping
TP1: $2660
TP2: $2670
TP3: $2680
🔥BUY GOLD zone: $2642 - $2640 SL $2635
TP1: $2655
TP2: $2662
TP3: $2670
🔥SELL GOLD zone: $2701 - $2703 SL $2708
TP1: $2690
TP2: $2680
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
- The winner is the one who sticks with the market the longest
GDP ! Opportunities for Gold to continue rising this week⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) continues its sideways movement for the second day on Thursday, staying close to the recent record high. Traders are holding off ahead of Federal Reserve (Fed) Chair Jerome Powell's speech, which could offer insights into future interest rate cuts and influence gold’s next direction.
Meanwhile, expectations of another significant rate cut by the Fed haven't helped the US Dollar (USD) recover from its recent low. Additionally, escalating tensions in the Middle East and concerns about China's economic recovery, despite stimulus efforts, support gold as a safe-haven asset. However, with gold slightly overbought, caution is advised before betting on further gains.
⭐️ Personal comments NOVA:
Uptrend is still the main trend - Today there continues to be US GDP news, waiting for the FOMO price increase to continue for Gold, a green week for XAU / USD
⭐️SET UP GOLD PRICE:
🔥 BUY GOLD zone: $2643 - $2641 SL $2638 scalping
TP1: $2648
TP2: $2652
TP3: $2660
🔥 BUY GOLD zone: $2627 - $2625 SL $2620
TP1: $2635
TP2: $2645
TP3: $2660
🔥 SELL GOLD zone: $2683 - $2685 SL $2690
TP1: $2670
TP2: $2655
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
- The winner is the one who sticks with the market the longest
XAU is up strongly! 2640XAU / USD trend forecast September 24, 2024
On Monday, Fed regional presidents noted rising risks in the labor market but opposed a 50 bps rate cut, signaling a cautious approach for future meetings. This slowed the XAU/USD rally. However, escalating tensions between Israel and Hezbollah, with the US sending more troops to the Middle East, could boost Gold prices as risk appetite declines.
Based on M45, NEW ATH to set up SELL signal
/// SELL XAU : zone 2639-2642
SL: 2647
TP: 50 - 150 - 250 pips (2617)
Safe and profitable trading
RNDR Long Spot Position (Support Consolidation)Market Context: RNDR has been consolidating in a key area of support, providing a good opportunity to enter a long spot position.
Trade Setup:
Entry: Ladder into a long spot position in the $4.20 - $5.00 support zone.
Take Profit:
First target: $5.90 - $7.05
Second target: $9.80 - $11.00
Stop Loss: Just below $3.90
📊 This setup takes advantage of the support consolidation with defined risk and potential upside. #RNDR #Crypto #LongTrade
XDC is looking great for trading in the short and mid-term.Although I'm not a big fan of the current version of XDC, version 2.0 is a badly needed and long-overdue step in the right direction. XDC, often snubbed due to its association with Mr. "Eat Zee Bugs" himself, has definitely had a negative impact on the XDC price and retail adoption, as very few people are interested in investing in a project associated with an individual who completely lacks honesty and credibility. But either way, as a trader, I like the potential of what I see in the charts and would absolutely exploit it in the short term, even though I would never be caught dead investing in this coin long term, since it's associated with people I consider completely untrustworthy.
Good luck, and always use a stop loss.
Is $2600 approaching XAU price?⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) climbed for the third consecutive day, hitting a new all-time high of $2,589 during Monday’s Asian session. Traders are factoring in the possibility of a larger Fed rate cut due to signs of easing US inflation, which has weakened the US Dollar near its yearly low, boosting gold.
Additionally, US political uncertainty and ongoing geopolitical risks continue to support demand for the safe-haven metal. However, a positive tone in global equities limits further gains. Traders are cautious ahead of key central bank decisions from the Fed, BoE, and BoJ this week.
⭐️ Personal comments NOVA:
Gold price is still on the path to increase in price to reach a new ATH - Positive FOMO from the market before the news of interest rate reduction this week
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2565 - $2563 SL $2558
TP1: $2572
TP2: $2580
TP3: $2590
🔥BUY GOLD zone: $2551 - $2549 SL $2544
TP1: $2557
TP2: $2563
TP3: $2570
🔥SELL GOLD zone: $2600 - $2602 SL $2607
TP1: $2590
TP2: $2575
TP3: $2560
⭐️ 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
FOMC - Special important information next week ✍️ NOVA hello everyone, Let's comment on gold price next week from 9/16 - 9/20/2024
🔥 World situation:
Gold prices soared to a new all-time high of $2,586, driven by a weakening US Dollar on Friday. Expectations of a larger Fed rate cut are fueling the rally, with some predicting gold could reach $3,000. XAU/USD is currently trading at $2,582, up nearly 1%.
CME FedWatch Tool data shows increased bets on a 50-basis-point rate cut by the Fed, jumping from 27% to 43% after a Wall Street Journal article by Nick Timiraos and comments from former New York Fed President William Dudley. Meanwhile, odds for a 25 bps cut fell to 57%.
🔥 Identify:
Gold price officially created ATH 1 week before FOMC, this is the psychology that FED will almost certainly lower interest rates next week. The higher ATH target next week continues to take place but not too large. Expected new ATH zones: 2602, 2638
🔥 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: $2602, $2638, 2676
Support : $2559, $2531, 2505
🔥 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