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
Longxauusd
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
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
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
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
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
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
XAU ! Nov 19 ! Break - prices continue to rise, scalpingXAU / USD trend forecast November 18, 2024 ! SCALPING
Market expectations that US President-elect Donald Trump's expansionary policies could drive inflation higher and reduce the likelihood of further interest rate cuts by the Federal Reserve have kept US Treasury yields elevated. This has limited the upward momentum for Gold prices.
However, persistent geopolitical risks from the prolonged Russia-Ukraine conflict and ongoing tensions in the Middle East continue to provide support for the safe-haven asset, urging caution before initiating new bearish positions.
Small timeframe M15 , see price BREAK past 2625 and continue to rally towards 2640 soon
/// BUY XAU : zone 2625-2622
SL: 2619
TP: 40 - 80 - 150 pips (2637)
Safe and profitable trading
Monday - gold recovers under selling pressure from the market⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) pares some of its intraday gains but stays below $2,600 as the European session approaches on Monday. Hopes that US President-elect Donald Trump's expansionary policies will drive inflation and reduce the need for further Federal Reserve (Fed) rate cuts keep US Treasury yields high. This, combined with a positive market sentiment, weighs on the non-yielding yellow metal.
However, lingering geopolitical risks provide some support for Gold as a safe-haven asset. Additionally, the US Dollar (USD) remains subdued below its year-to-date high from last Thursday, offering a boost to XAU/USD and breaking its six-day losing streak. Still, the lack of strong follow-through buying suggests caution before expecting a meaningful rebound from last week’s two-month low near $2,537-2,536.
⭐️Personal comments NOVA:
Gold price increased at the beginning of the week, clearing liquidity. After absorbing and accumulating enough, the selling side continued to dominate.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2608 - $2610 SL $2615
TP1: $2600
TP2: $2590
TP3: $2580
🔥BUY GOLD zone: $2565 - $2567 SL $2560
TP1: $2572
TP2: $2580
TP3: $2590
⭐️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 ! Nov 18 ! Short recovery 2614XAU / USD trend forecast November 18, 2024
Traders reduced their expectations for rate cuts in December after Fed Chair Jerome Powell stated that the US central bank was in no hurry to lower rates, citing the "remarkably strong" performance of the economy. Elevated interest rates tend to weigh on Gold prices, as they make non-yielding assets like gold less attractive.
Conversely, escalating geopolitical tensions in the Middle East and the ongoing conflict between Ukraine and Russia could support safe-haven demand, bolstering the yellow metal. According to Reuters, President Joe Biden's administration has authorized Ukraine to use US weaponry for strikes inside Russia, marking a significant shift in Washington's policy regarding the Ukraine-Russia conflict
Short-term recovery - liquidity sweep of resistance zone 2597 - 2614. Downtrend still dominates long-term
/// SELL XAU : zone 2614-2617
SL: 2622
TP: 50 - 100 - 200pips (2597)
Safe and profitable trading
Retest trend ! short-term recovery! target 2625SCALPING XAU / USD
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
USD bulls take a moment to pause as markets await the latest US inflation data, which could shape expectations for the Fed's rate-cut trajectory.
The Consumer Price Index (CPI) is projected to rise 0.2% in October and 2.6% year-over-year, up from 2.4% previously, raising questions about the Fed's capacity for further rate cuts.
⭐️Personal comments NOVA:
Short-term frame M15 - retesting trend, recovering with CPI news
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2598 - $2600 SL $2595
TP1: $2605
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
CPI data helps gold recover temporarily⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
On Tuesday, it was announced that Mike Waltz would serve as National Security Advisor and Marco Rubio as Secretary of State. Both are known for their firm stance on China, suggesting a high likelihood of tariffs being introduced.
At the same time, markets anticipate a less dovish Federal Reserve, with fed funds futures from the Chicago Board of Trade (CBOT) indicating a terminal rate of approximately 3.99%.
⭐️Personal comments NOVA:
Currently, the price is sideways around the 2590 - 2620 range, a short-term recovery for the next price decline.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2660 - $2662 SL $2667
TP1: $2650
TP2: $2640
TP3: $2630
🔥BUY GOLD zone: $2576 - $2574 SL $2569
TP1: $2582
TP2: $2590
TP3: $2600
⭐️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 ! 11/13 ! SCALPING recovery , CPI newsXAU / USD trend forecast November 13, 2024! SCALPING
Gold price (XAU/USD) finds support on Wednesday, pausing its three-day decline to hit a recent low near $2,590, recorded the day before. A weaker performance in equity markets has helped boost the safe-haven asset during the European session. However, significant gains remain limited due to the continued strength of the US Dollar (USD).
Gold price moves in sideway trend M15, price range 2600-2610 , waiting for break and recovery to increase price
/// BUY XAU : zone 2604-2601
SL: 2598
TP: 40 - 80 - 150 pips (2616)
Safe and profitable trading
11/13 ! Gold recovered slightly, then continued to fall.XAU / USD trend forecast November 13, 2024
Gold prices fell below $2,600 on Tuesday, marking their lowest level since mid-September as the US Dollar Index (DXY) surged to a six-month high. Rising US Treasury yields further pressured gold, with XAU/USD trading around $2,599, down 0.77%.
Investors are closely watching former President Donald Trump's victory and his initial cabinet appointments, which could signal his policy directions on tax cuts, tariffs, and immigration.
Gold price will be sideways, stabilizing below 2650 to continue the downtrend at the end of 2024
/// SELL XAU : zone 2625-2628
SL: 2631
TP: 50 - 100 - 150pips (2613)
/// SELL XAU : zone 2649-2652
SL: 2657
TP: 50 - 200 - 300pips (2622)
Safe and profitable trading
Waiting for 2575 ! DOWN trend, strong supportSCALPING XAU / USD
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
The US Dollar extended its post-election rally, reaching its strongest level since early July, which weighed heavily on Gold prices on Monday. Expectations of Trump's expansionary policies and corporate tax cuts are seen as inflationary, reducing the likelihood of aggressive monetary easing by the Federal Reserve. This continues to support the Greenback.
⭐️Personal comments NOVA:
Continued downtrend - waiting for support at 2575 for gold to recover
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2575 - $2577 SL $2570
TP1: $2585
TP2: $2600
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