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Scalping XAU! 30/11 sideway adjustment DOWN⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is struggling to gain momentum in early European trading on Thursday. It is currently consolidating its recent strong gains, reaching its highest level since May 5th, which was achieved the previous day. Traders are showing hesitancy and are choosing to wait for the release of the key inflation data from the United States (US) before making any new bets on the direction of the market. The US Personal Consumption Expenditures (PCE) Price Index is scheduled to be released later during the North American session and may have an impact on the Federal Reserve's (Fed) future policy decisions. This, in turn, will influence the demand for the US Dollar (USD) and provide substantial motivation for the non-interest-bearing precious metal. ⭐️ Personal comments NOVA: Currently, the price is sideways around the 2035-2045 area. To overcome the 2050 resistance area, several downward corrections are needed before there is enough force for the next price increase ⭐️ SET UP GOLD PRICE: 🔥SELL GOLD zone: $2041.5 - $2043.5 SL $2047 Scalping TP1: $2037 TP2: $2034 TP3: $2029 ⭐️ 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
OANDA:XAUUSDShort
by Nova-Scalper
6
Scalping XAU! 28/11 Accumulate price range⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: There appears to be limited potential for any significant downward movement in the price of Gold, as it is increasingly recognized that the Federal Reserve (Fed) has concluded its efforts to tighten monetary policy. Additionally, the markets have already factored in the likelihood of multiple interest rate cuts in 2024. As a result, US bond yields and the value of the US dollar are expected to remain restrained. Furthermore, concerns regarding a global economic downturn and a generally weaker performance in European stock markets should provide some support for the safe-haven appeal of precious metals. Considering these factors, bearish traders should exercise caution ahead of the release of important inflation data from the US this week. ⭐️ Personal comments NOVA: The price is still accumulating sideways before continuing to overcome the 2020 resistance area ⭐️ SET UP GOLD PRICE: 🔥SELL GOLD zone: $2016 - $2018 SL $2021 TP1: $2012 TP2: $2008 TP3: $2005 ⭐️ 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
OANDA:XAUUSDShort
by Nova-Scalper
4
Continue to adjust and accumulate short-term! XAU⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) has recovered some of its losses as the US dollar (USD) continues to decline in the early Asian session on Friday. No economic data was released from the US on Thursday. Currently, the gold price is trading at around $1,992, with no change throughout the day. Moving forward, gold traders will be closely monitoring the US S&P Global PMI data on Friday. It is expected that the Manufacturing PMI will decrease from 50 to 49.8, while the Services PMI is estimated to ease from 50.6 to 50.4. Traders will be paying attention to these figures in order to identify potential trading opportunities based on the gold price. ⭐️ Personal comments NOVA: Today's PMI news is not expected to have much impact on Gold prices too much. Gold price is still in the process of adjusting and accumulating to enter the strong resistance zone of 2005-2010. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $1973 - $1975 SL $1968 TP1: $1985 TP2: $1997 TP3: $2008 🔥SELL GOLD zone: $2008 - $2010 SL $2017 TP1: $2000 TP2: $1990 TP3: $1980 ⭐️ 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
OANDA:XAUUSDShort
by Nova-Scalper
1
Bank holiday! Slowly today XAU⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The recovery in the price of gold (XAU/USD) has lost its momentum after pulling back from $2,006 earlier in the Asian session on Thursday. The positive US consumer sentiment report has led to an increase in US Treasury yields and a stronger US Dollar, which has attracted some sellers of the yellow metal. Market activity remains subdued as the United States prepares for the Thanksgiving Day holiday on Thursday. Currently, the price of gold is trading around $1,990, showing a slight increase of 0.02% for the day. At the same time, the US Dollar Index (DXY), which measures the value of the USD against a basket of six major currencies, is hovering around 103.88. The yields on US Treasury bonds are also rising, with the 10-year yields climbing by 4.40%. This upward movement in yields puts pressure on gold as investors see US Treasury yields as a more attractive investment compared to non-yielding metals. ⭐️ Personal comments NOVA: Today is BANK holiday in the US market. There will not be much fluctuation today, the price is mostly sideways and in a cumulative correction ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $1980 - $1982 SL $1977 Scalping TP1: $1985 TP2: $1988 TP3: $1991 🔥BUY GOLD zone: $1968 - $1970 SL $1960 TP1: $1980 TP2: $1988 TP3: $1995 🔥SELL GOLD zone: $1994 - $1997 SL $2001 TP1: $1988 TP2: $1975 TP3: $1968 ⭐️ 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
OANDA:XAUUSDShort
by Nova-Scalper
5
Scalping XAU! Slight adjustment after Unemployment Claims news⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The USD Index (DXY), which monitors the performance of the US dollar against a group of currencies, continues to rebound from its lowest point since August 31st, which was reached on Tuesday following the release of the hawkish Federal Open Market Committee (FOMC) meeting minutes. In fact, policymakers reiterated their commitment to maintaining higher interest rates for an extended period and tightening further if efforts to control inflation prove insufficient. This, combined with the recent inability to sustain momentum above the significant $2,000 level, is discouraging bullish investors from initiating new positions in gold. ⭐️ Personal comments NOVA: Unemployment Claims data shows good signs for the dollar. At the same time, Gold prices need to have a downward adjustment rhythm to create more liquidity. Price will decrease first and then continue to increase ⭐️ SET UP GOLD PRICE: 🔥SELL GOLD zone: $2003 - $2005 SL $2008 Scalping TP1: $2000 TP2: $1996 TP3: $1993 ⭐️ 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
OANDA:XAUUSDShort
by Nova-Scalper
3
Slight adjust today, still in an uptrend⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is attracting buyers and has surpassed the $2,000 mark in the early hours of Asian trading on Wednesday. This increase in demand for the precious metal is driven by the decline in US Treasury bond yields and the weakening of the US dollar (USD). According to the minutes of the November Federal Open Market Committee (FOMC) meeting, all participants agreed that policy decisions would continue to be based on the complete set of incoming information. They also deemed it appropriate to maintain the target interest rate within the range of 5.25% to 5.5%. ⭐️ Personal comments NOVA: After yesterday's strong price increase, surpassing the 2000 mark. Prices will tend to adjust slightly to gain liquidity before continuing to a new peak this year. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $1980 - $1982 SL $1975 TP1: $1990 TP2: $2000 TP3: $2010 🔥SELL GOLD zone: $2015 - $2017 SL $2023 TP1: $2008 TP2: $2000 TP3: $1990 ⭐️ 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
OANDA:XAUUSDShort
by Nova-Scalper
1
GOLD SELL | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity GOLD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
TVC:GOLDShort
by TheGrove
2
GOLD Short | Trade AnalysisHello Traders, here is the full analysis. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity GOLD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
TVC:GOLDShort
by TheGrove
12
From the Gold Rush to the 10% Golden Crash next?A few weeks ago, I mentioned that the gold rally had come to an end. At the time, the price was at $1,970, and I expected the price to crash for the rest of the year. Well, the crash came much sooner than even I expected. Just last week, gold prices sank another 4%. And to put this into perspective. We have not seen this kind of gold crash performance since June 2021. In fact, on 25 September, the gold price dropped from $1,970 per ounce down to a low of $1,829. If you missed the first down leg of gold, you’re not going to want to miss the next one. Here’s why I expect the price to continue down. Why the JOLTS report is great for America but bad for gold Let’s start with what the JOLTS report is. The Job Openings and Labor Turnover Survey (JOLTS) report is a monthly publication by the U.S. Bureau of Labor Statistics (BLS). It tells us important information about the U.S. labour market. The report is typically released a few weeks after the closely watched m (Nonfarm Payrolls) and offers a different perspective on the job market. August data of the US JOLTS Jobs Openings was recently released. And it crushed analysts’ expectations. It showed the job openings improved to 9.61 million in August from the previous reading of 8.92 million. When the report came out, the gold price dropped even further. We need to remember…. The JOLTS report of 9.61 million in August suggests a strong labour market and a boost in economic optimism. In a growing economy, we’ll see investors will look to riskier assets like stocks over safe-haven assets like gold. And so, this led to a decrease in gold demand and a drop in its price. Another interest rate hike is on the cards Several Fed officials have suggested that America can expect at least one more 25 basis points rate hike by the end of the year. This will be to try to bring inflation back to the 2% target. Also, with the higher jobs openings and a stronger economy – this has put the US wage inflation and higher interest rates back on the agenda. Here is what Jim Wyckoff, senior analyst at Kitco Metals, said in a Reuters note. “There is a reckoning that interest rates are going to be higher for much longer, which has been the bearish element in the precious market. Gold prices could go below $1,800 in the near-term,” I don’t normally agree with the news and hype. But the charts agree with the downside to come. Why this massive inverse Cup and Handle is showing 10% for gold You can see since April 2023, it’s been moving in a bearish (down) pattern known as an Inverse Cup and Handle. Three parts make this Inverse C&H pattern including a. Cup (big rounding top), Handle (small rounding top) and a Brim level (horizontal support). Now that the price has broken below the brim level, means we should expect the price to continue down. The first target I have for gold is to the next strong support (floor level) at $1,710. This was the level that was tested in January, and it looks like the price will go back to that testing level again.
COMEX:GC1!Short
by Timonrosso
Golden Arches formed but NOT in tact as price is above 200MAM Formation has formed on Gold. However, there is a BIG support with the neckline and the major 200MA. As long as price stays above, this analysis will e wrong. So this is a hesitant analysis to present, but one which is showing strong bearish momentum to come based on history rather than present and future. Price >200 - needs to break below RSI<50 turn up Target will be to $1,710 if the price breaks below the Neckline and 200MA. What do you think?
COMEX:GC1!Short
by Timonrosso
1
GOLD 23/05: The Bears continue to attack!TVC:GOLD Gold prices (XAU/USD) remain at an intraday low near 1,960$ as it falls for the second day in a row while reversing Friday's corrective rally early Tuesday in Europe. In doing so, the precious metal bears the weight of a firmer US Dollar ahead of the first readings of the Purchasing Managers' Index (PMI) for May from leading economies including the United States. A clear break of the ascending support line has formed in three days, now an immediate resistance near 1960$, suggesting that gold prices will continue to fall. Adding strength to the bearish trend are bearish MACD signals. However, the monthly low around 1,945$ could spur the bears as the RSI appears oversold. In the event that Gold prices still fall through 1955$, the late-March low near 1940$ could attract XAU/USD sellers. Meanwhile, a break of immediate support turning resistance near 1,960$ is not an open opportunity for Gold buyers as the 100-HMA hurdle near 1,975$ and the resistance line sloping down from May 11th. 5, near 1,970$ at the latest, could challenge the XAU/USD uptrend. Accordingly, a three-week descending resistance line near 1,990$ should act as the Gold Bears' final layer of defense.
TVC:GOLDShort
by DNA_TradingFX
14
GOLD 22/05: Gold has climbed above the 1980 zone!TVC:GOLD Gold prices have rebounded above potential resistance, which has turned support, drawn from mid-month lows at $1,970 on a four-hour scale. The precious metal shows a V-shaped recovery from around 1955 amid the emergence of responsive buyers. Confident sustainability above the 20-period Exponential Moving Average (EMA) at $1,980 will turn the short-term trend positive. The Relative Strength Index (RSI) (14) briefly moved back into the 40.00-60.00 range, which indicates a bullish reversal. US Dollar Index (DXY) refreshed intraday low at 102.96 as Fed is expected to keep rate policy unchanged due to tightening credit conditions by regional banks The US is putting pressure on inflation. SELL GOLD zone 1993-1995 Stoploss: 2000 Take Profit 1: 1988 Take Profit 2: 1983 Take Profit 3: 1975
TVC:GOLDShort
by DNA_TradingFX
4
GOLD: 19/05. Sellers still prevail?TVC:GOLD Gold prices extended the downside break of the two-month ascending trendline and the 50 DMA as it created support at 1955 including the late-January high. Adding strength to the seller's dominance are the bearish signals from the Moving Average Convergence and Divergence (MACD) indicator. However, the Relative Strength Index (RSI) line, set at 14, is still well below the 50 level and shows that Gold prices are bottoming out. Therefore, the 100 DMA and the upward sloping support line extending from November 2022, near $1,930 and $1,925 respectively, could limit the further downtrend of XAU/USD. In the event that the Gold price still falls through the $1,925 level, the possibility of seeing a drop to the $1,910 round-up cannot be ruled out. Conversely, the previous 50-DMA support line, near 1986$ and 1990$ in that order, will stand against the round figure of $2,000 to limit the short-term rally in Gold prices. If XAU/USD remains firmer beyond the psychological magnet $2,010, highs marked in late March and early April, around $2,015 could act as an additional test before ending. pushes quotes towards 5-week horizontal resistance near $2,040. BUY GOLD 1950-1953 Stoploss: 1945 Take Profit 1: 1958 Take Profit 2: 1965 Take Profit 3: 1970 SELL GOLD 1968-1972 Stoploss: 1978 Take Profit 1: 1963 Take Profit 2: 1958 Take Profit 3: 1950
TVC:GOLDShort
by DNA_TradingFX
3