End November, during the Gold price bull cycle✍️ NOVA hello everyone, Let's comment on gold price next week from , Last week of November
🔥 World situation:
At the end of the year, published US economic data showed difficulties and challenges. There are not many positive signals yet. Gold prices continue to benefit at the end of the year.
In the last week of November, there are important data such as: CB Consumer Confidence, Prelim GDP q/q, Core PCE Price Index m/m, ISM Manufacturing PMI,... otherwise the forecast will continue to support The Golden household goes up
🔥 Identify:
Observing the technical chart according to the H4 frame, Gold price is still in a very nice uptrend. This is an opportunity for Gold price to have the highest price point in 2023
🔥 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: $2010, $2022
Support : $1991, $1971
🔥 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
Longxauusd
GOLD 22/6!! Will buyers prevail?The price of gold is being supported by economic troubles and a weaker US Dollar. Concerns about a global economic downturn are affecting investor sentiment, leading to a generally weaker tone in the stock markets. Additionally, the demand for the US Dollar is subdued, which is also contributing to the support for gold as a safe-haven asset. The USD Index, which tracks the value of the US Dollar against other currencies, is near its monthly low due to uncertainty over the Federal Reserve's rate hike plans.
Gold is fluctuating at $1932, may drop 1 more beat before recovering
Today, order to place a BUY AT:
BUY zone: $1923- $1925 sl $1913
Based on the moving averages EMA 34, EMA 89 , the MACD moving average is close to crossing the signal line, volume divergence is forming.
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
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.
XAUUSD Plan to Prepare for Unemployment ClaimsFrom Risk to Reward Ratio Point of View, it is more favorable for the bulls to go for long position after the hammer price action was successfully formed at the support area of the parallel channel.
Take profit at two levels:
TP1: 1950.2
TP2: 1951.7
SL when the price closes below 1944.9
XAUUD / DXY RATIO UPTRENDOANDA:XAUUSD
The chart shows a reversal in SPOT GOLD since July 13th and the latest round
of CPI/PPI data showing the continued onslaught of inflation.
Gold is rising while the dollar strength is dropping as per the DXY index.
This all makes sense at least to your average person who is not
an economist. That said, XAUUSD has a bullish bias as a hedge
against inflation and flight to financial safety. I put up another
idea with the ratio of the SPX to Spot Gold suggesting now is the
time to sell stocks and buy gold instead potentially consistent
with a stock market bear rally instead of a new bull run.
Time will tell..........................
BUY GOLDGold is currently in it's fifth and final wave with wave IV ending on march 2021. Fifth wave of gold looks extended hence it's going to take years to reach target. price is currently at wave 2 of (3) of V. wave 3 might begin soon.. probably during or after NFP. stop loss is around 1678. also price is at 50 % of wave 1 of (3) ... 61.8 % is also likely but not much of a big difference... risking 90points for 650points
Gold Forecast (April 5, 2021): Wait to BUY againGold Weekly Chart
Gold had a long-term uptrend (for 2 years) and the medium-term downward adjustment (for 8 months). From this price range, I make my forecast - "Gold" will create the bottom then go up. Nice price for us to BUY and Hold is 1678.
If the price does not collapse strongly or decisively through this price range, the above forecasts will not change.
Daily chart
The overview direction that I predict is to return to the 177x - 178x (The confluence of downward trend and previous Resistance zone).
4h chart: 2 scenarios
Scenario 1: Strong adjustment and rebound
The price will fall again, back to 170x and bounce back.
Scenario 2: Going sideways to accumulate the power and bounce back.
That means it would still move sideways in the 172x zone, then rise up.
XAUUSD 01/10/2019Heading for Wave 5 / (V) / Y / B. Then down it goes.
Share your thoughts and observation in comments session :)
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Risk warning!
Trading carries a high level of risk to your capital and may result in losses that exceed your initial deposit.
Supplied information is not advice.
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XAUUSD Falling wedge, C&H, short-mid && long analysisGeneral consensus on XAUUSD as backed by BB, KC, Volume, Fibo, the apparant falling wedge and consolidation then leading to what is now a clear cup and handle making a target short for XAUUSD apparant with also a mod-long term position in sight depending on your entry and position of course. [
Clearly investors are shaken up as a reversal on $GLD would usually indicate a lack of consumer confidence though it is clearly too soon to make such a distinction.
Targets for short, long && stop are present along with other indicators. DISCLAIMER: do not take this as investment / financial advise and make your own decisions when investing in anything: beit wallst or a dex (though clearly more volatile) investing comes with risk no matter what it is and you should always heed caution when doing so