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Longxau

10/25 ! XAU ! stable trading above 2720XAU / USD trend forecast October 25, 2024 Gold prices rose on Thursday as falling US Treasury yields drove demand for safe-haven assets. Increased tensions in the Middle East and concerns about the US election are supporting gold. At the time of writing, XAU/USD is trading at $2,734, up 0.72%. Despite improved risk appetite, as seen in Wall Street's positive performance, US labor market data remains strong, contrary to the Federal Reserve's projections, which prompted a 50 basis point rate cut in its last meeting to avoid over-tightening. Gold price is stable, sideways after a strong increase at the beginning of the week, sideways in the price range of 2720 - 2758 /// SELL XAU : zone 2756-2759 SL: 2764 TP: 50 - 200 - 300 pips (2728) /// BUY XAU : zone 2710-2713 SL: 2705 TP: 50 - 200 - 300 pips (2740) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
1
September - Target to reach new ATH XAU/USD✍️ NOVA hello everyone, Let's comment on gold price next week from 9/2 - 9/6/2024 🔥 World situation: Gold prices dropped over 0.90% on Friday, falling below $2,500 for the second time this week after the US Department of Commerce reported that inflation continues to decline, as shown by July’s core Personal Consumption Expenditures (PCE) Price Index. Currently, XAU/USD is trading at $2,497, after reaching a high of $2,526 earlier. The US Bureau of Economic Analysis (BEA) revealed that the Fed’s preferred inflation measure, the core PCE, slightly missed expectations but matched June’s figures. This data supports the Fed's plans to begin easing monetary policy at the September meeting, though the size of the initial rate cut remains uncertain. 🔥 Identify: Gold price adjustment to the sideway zone below 2490 - 2500 is essential for a strong increase in the upcoming price. The Uptrend is still dominant in the long-term frames H1, H4, D1 🔥 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: $2531, $2542, 2590 Support : $2473, $2425 🔥 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:XAUUSDLong
by Nova-Scalper
6
XAU !! Try to surpass ATH by the end of August 2024⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices surged past $2,500 per ounce on Wednesday, driven by rising tensions in the Middle East. Fed Chair Jerome Powell's recent comments at Jackson Hole, hinting at imminent rate cuts, also boosted the metal, as lower rates make gold more appealing by reducing the cost of holding it. Investors are now looking to Fed officials Christopher Waller and Raphael Bostic, who will speak on Wednesday, for further clues on interest rates. Attention will then turn to the Q2 GDP and PCE data due later this week. Stronger-than-expected results could strengthen the US Dollar and limit gold's gains. ⭐️ Personal comments NOVA: The movement in the price fluctuation range above $2,500 creates very good momentum for Gold with a high possibility of reaching a new ATH. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2495 - $2493 SL $2488 TP1: $2500 TP2: $2515 TP3: $2530 🔥SELL GOLD zone: $2557 - $2559 SL $2564 TP1: $2550 TP2: $2540 TP3: $2530 ⭐️ 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
OANDA:XAUUSDLong
by Nova-Scalper
6
GDP is the deciding factor for Gold price increase today⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices have been steadily increasing during the North American session on Wednesday, with buyers specifically targeting the $2,200 mark. Due to a lack of significant economic events in the United States (US), investors have been purchasing gold in response to growing speculation that the Federal Reserve (Fed) may cut interest rates in June. As of now, the XAU/USD is trading at $2,192, reflecting a gain of 0.63% or $13. The decline in US Treasury yields is supporting the price of gold, which does not generate any yield itself. The US 10-year benchmark note rate currently stands at 4.19%, having dropped by four basis points. Consequently, US real yields have also decreased from 1.914% on Tuesday to 1.87% at the time of writing, creating a headwind for the US dollar. ⭐️ Personal comments NOVA: Gold price moved close to the trend break border, trading above the $2190 area. Today's economic data is expected to continue to increase for Gold Near-term target $2220 for Gold this week ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2178 - $2180 SL $2173 TP1: $2185 TP2: $2190 TP3: $2195 🔥SELL GOLD zone: $2220 - $2222 SL $2227 TP1: $2210 TP2: $2200 TP3: $2190 ⭐️ 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
OANDA:XAUUSDLong
by Nova-Scalper
12
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
OANDA:XAUUSDLong
by Nova-Scalper
5
GOLD 21/6!!! Gold near post-Powell lowsGold prices remained just above their lowest level in three months on Wednesday, as they suffered significant losses in the previous session due to traders shifting their focus to the dollar in anticipation of further information on U.S. interest rates. Later in the day, Federal Reserve Chair Jerome Powell is scheduled to testify before Congress, which could provide more insight into the future of monetary policy and interest rates following the mixed messages from the Fed last week. The uncertain stance of the Fed prompted some investors to move their assets into the dollar, given that the central bank paused its rate increase cycle but indicated the possibility of more hikes later in the year. Consequently, gold prices were negatively affected and remained relatively stagnant within a narrow trading range observed over the past month. Prediction of sideways gold price in the price range $1920 - $1955 Today, can put 2 entry at: BUY GOLD: zone $1925- $1927 SELL GOLD: zone $1949- $1951 Combine 2 EMA 34, EMA 89 and finonaccy signal to have 2 beautiful support and resistance entry areas
OANDA:XAUUSDLong
by DNA_TradingFX
20
GOLD 20/6: Gold price weakening at the beginning of the morning The Federal Reserve's unclear direction regarding interest rate increases has resulted in limited price movement in the market. Congress is closely monitoring this situation. So, The price of gold is having difficulty taking advantage of its small increase earlier in the day and is moving within a narrow range during the first half of the Asian session on Tuesday. Currently, the XAU/USD is trading around $1,950, with little change from the start of the day. It has been trading within a familiar range for the past month or so. Gold price assessment on June 20, 23 continues to sideway narrowly in the range of $1935 - $1960 Canh Buy price range $1939-$1941, SL $1930 TP: 1955 Based on technical analysis indicators EMA 34, EMA 89 with support point $1939.
TVC:GOLDLong
by DNA_TradingFX
22