Bearish - weekend correction after reaching ATH $2600⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) gained for the second consecutive day on Friday, approaching the record high reached after the Federal Reserve's significant interest rate cut earlier this week. The Fed also hinted at more cuts, weakening the US Dollar and supporting gold.
Concerns about economic slowdowns in the US and China, along with geopolitical tensions in the Middle East, further boost gold’s appeal. However, the global stock market rally limits strong gains for the safe-haven metal, keeping upward momentum in check during the Asian session.
⭐️ Personal comments NOVA:
Gold price reached ATH this week: 2600, In the context of many concerns about the impending economic recession - the psychology of waiting will cause gold prices to quickly adjust downwards.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2580 - $2578 SL $2573
TP1: $2588
TP2: $2595
TP3: $2603
🔥BUY GOLD zone: $2567 - $2565 SL $2560
TP1: $2573
TP2: $2580
TP3: $2590
🔥SELL GOLD zone: $2613 - $2615 SL $2620
TP1: $2600
TP2: $2585
TP3: $2560
⭐️ 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
Sellsignal
XAUUSD SELL NOW ! WEEKLY CLOSING DAY!Go through the analysis carefully, and do trade accordingly.
Resistance- 2591-2594
Resistance-2612-2616
Support- 2571-2565
Support-2551-2555
Support-2541-2545
Strong support area- 2531-2535
Gold Signal Daily for the week
Current price- 2587.9
"if Price stays below 2600, then next target is 2564, 2552 and 2540 and above that 2605, 2618"
Advice-For Buying
Best buying area= 2530-2535
For selling
Best selling area= 2600-2616-2630
-POSSIBILITY-1
If 2571 break and sustain then you can sell gold with retest target will be 2545-2535
-POSSIBILITY-2
If it breaks 2600 and sustains then you can sell gold with retest target will be 2616-2630
FOMC! The most important news in September 2024⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) found support from buyers during the Asian session on Wednesday, halting the previous day's pullback near record highs. Expectations of aggressive rate cuts by the Federal Reserve have kept the US Dollar from fully recovering, helping to support gold prices. Additionally, concerns over potential conflict escalation in the Middle East and political uncertainty in the US ahead of the November elections continue to boost the safe-haven appeal of gold.
However, investors are likely to remain cautious ahead of key central bank meetings this week. The Fed will announce its decision on Wednesday, followed by the Bank of England on Thursday and the Bank of Japan on Friday, which could drive market volatility and impact gold prices.
⭐️ Personal comments NOVA:
Gold price decreased slightly - sideway around 2560-2590 before FOMC, Lower interest rates brought positivity to XAU. Waiting for the new ATH to reach 2603 and then drop sharply to gain liquidity below
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2564 - $2562 SL $2557
TP1: $2570
TP2: $2580
TP3: $2590
🔥BUY GOLD zone: $2545 - $2547 SL $2540
TP1: $2550
TP2: $2560
TP3: $2570
🔥SELL GOLD zone: $2603 - $2605 SL $2610
TP1: $2595
TP2: $2580
TP3: $2570
⭐️ 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
XAUUSDXAUUSD . Potential short opportunity.
Our idea is that after the price on XAUUSD has made a new ATH ( All Time High ) we are due for a pullback (at least 50%). Our key level is sitting at 2560 where our entry is, and if broken, we could potentially see lower lows down to our targeted areas 2545 (50% pullback) and 2529 . Stops are set at candle flip as that would result in a reverse which could potentially break previous highs and continue to the upside.
Overall still bullish on XAUUSD .
PARAMETERS
- Entry: 2560
- SL: 2576
- TP1: 2545
- TP2: 2529
KEY NOTES
- The sell would be confirmed after we break the key level 2560.
- If the price breaks our key level 2560 we could expect lower lows and pullbacks.
- TP1 is a 50% pullback on previous upside move.
- Stop is set at the previous candle high.
Happy trading!
FxPocket
Downward adjustment rhythm before FOMC ! XAU down ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) slipped during the Asian session on Tuesday, halting a three-day rally to record highs. Repositioning ahead of the Federal Open Market Committee (FOMC) meeting helped the US Dollar recover from its yearly low, pressuring gold. However, expectations of a more aggressive rate cut by the Federal Reserve may continue to support gold.
Concerns over China's economic slowdown, US political uncertainty, and ongoing geopolitical risks in the Middle East may limit further losses for the safe-haven asset. Traders are likely to stay cautious ahead of key central bank meetings this week, including the Fed's decision on Wednesday, followed by the Bank of England and Bank of Japan later in the week.
⭐️ Personal comments NOVA:
Gold price decreased - adjusted before news of FOMC interest rate cut tomorrow. The Uptrend creating ATH is still highly likely to come
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2549 - $2547 SL $2542
TP1: $2555
TP2: $2570
TP3: $2580
🔥BUY GOLD zone: $2530 - $2528 SL $2523
TP1: $2540
TP2: $2550
TP3: $2560
🔥SELL GOLD zone: $2602 - $2604 SL $2610
TP1: $2590
TP2: $2580
TP3: $2570
⭐️ 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
Gold price continues sideways waiting for tomorrow's CPI⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) struggled to build on Monday's gains and edged lower during Tuesday's Asian session, weighed down by continued US Dollar strength. After Friday's mixed jobs report, investors reduced expectations of a larger Fed rate cut in September, boosting the USD and pressuring gold.
Additionally, a positive sentiment in equity markets further dampened demand for the safe-haven metal. XAU/USD remains within a multi-week trading range as investors await more clarity on the Fed’s rate decision. Focus now shifts to US inflation data due Wednesday, with the potential rate-cut prospects limiting aggressive bearish positions on gold.
⭐️ Personal comments NOVA:
There was no important news on Tuesday, Gold prices continued sideways in the price range of 2480-2520 waiting for important data of the week: CPI, PPI,...
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2486 - $2484 SL $2479
TP1: $2495
TP2: $2505
TP3: $2520
🔥SELL GOLD zone: $2519 - $2521 SL $2526
TP1: $2510
TP2: $2500
TP3: $2490
⭐️ 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
Trendline H1 ! Set up SELL, test support⭐️ Smart investment, Strong finance
⭐️ Personal comments NOVA:
GBPAUD today will have notable GBP news, affecting current prices. Trade with today's news data
⭐️ SET UP GBPAUD PRICE:
🔥SELL zone: 1.96300 - 1.96500 NOW SL 1.96800
TP1: 1.96000
TP2: 1.95500
TP3: 1.94000
⭐️ Technical analysis:
Trendline H1 , test support and NEWS GBP TODAY
⭐️ 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
GBPJPY outlook GBPJPY has made a beautiful move lastly the overall trend on higher time frames is bullish but on H1 i am feeling like gold will get a dip if it breaks above this recent high and present a price action candle we will buy this pair as it reaches its recent weekly Resistance level if it breaks above it will be a buy to its global resistance or it will be a sell to recent resistance became support
Gold price continues to go sideways - adjusting downward⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) reversed course from near-record highs and dropped below the $2,500 level after Friday's US jobs report. The mixed data lowered expectations of a 50 basis point rate cut by the Fed, leading to some US Dollar recovery and putting pressure on gold.
However, fears of a US economic downturn and ongoing conflict between Israel and Hamas kept demand for safe-haven assets like gold steady. These factors, along with the potential start of the Fed’s rate-cutting cycle, caution against a bearish outlook for XAU/USD.
⭐️ Personal comments NOVA:
Gold price adjusts to a short-term decrease - creating more liquidity for the expectation of price increase to create a new ATH
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2472 - $2470 SL $2465
TP1: $2480
TP2: $2490
TP3: $2500
🔥SELL GOLD zone: $2505 - $2507 SL $2512
TP1: $2498
TP2: $2490
TP3: $2480
⭐️ 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 / USD ! 9/9 ! SIDEWAY continue to decreaseXAU / USD trend forecast September 9, 2024
According to the data, Fed interest rate probabilities fluctuated sharply. Based on CME FedWatch Tool data, at some point, traders priced a 50 bps cut with odds rising as high as 70%. Nevertheless, as the dust settled, market participants estimated that a 25 bps cut was more likely as the chances of it rose by 73%, while for a 50 bps cut they decreased to 27%.
In the meantime, Fed policymakers crossed the newswire. New York Fed President John Williams said that lowering rates soon will help to keep the labor market balanced. Fed Governor Christopher Waller echoed some of his comments at a speech at the University of Notre Dame. He said, “The time has come” to begin easing policy and revealed that he was open to any size of easing.
Based on H2, resistance and EMA 200 line to set up SELL signal
/// SELL XAU : zone 2505-2507
SL: 2513
TP: 50 - 150 - 200 pips (2487)
Safe and profitable trading
Sellers are determined not to let Gold reach a new ATH✍️ NOVA hello everyone, Let's comment on gold price next week from 9/9 - 9/13/2024
🔥 World situation:
Gold pulled back after failing to reach the all-time high of $2,531, dropping over 0.80% late in the North American session. Uncertainty over whether the Fed will cut interest rates by 50 or 25 basis points in September weighed on the metal, with XAU/USD now trading at $2,493 after peaking at $2,529.
The US Nonfarm Payrolls (NFP) report for August missed expectations but showed improvement from July’s revised figures. The unemployment rate fell, and Average Hourly Earnings increased, adding complexity to the economic outlook.
🔥 Identify:
1 thing worth noting: 6 times the price of Gold touched the old peak area ATH 2527-2531, the price reacted very strongly. This shows that the momentum for price increase is still very strong, however, large funds and investors do not want the price of Gold to increase during this time, maybe after the interest rate cut
Long-term time frames, technical aspects still show that Gold is developing stably, the main trend is Up
We will soon see a new peak, a new ATH in late 2024 soon
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H2 frame, NOVA identifies the important key areas as follows:
Resistance: $2505, $2530, 2559
Support : $2471, $2453
🔥 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
NF September! Opportunities or challenges for XAU⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) are struggling to build on their recent recovery, hovering in a narrow range below the $2,525 mark during Friday's Asian session. Traders are cautious, awaiting the key US Nonfarm Payrolls (NFP) report. Meanwhile, expectations of a larger Fed rate cut later this month keep the US Dollar in check, supporting gold.
Mixed US employment data this week has raised concerns about the weakening labor market, further fueling demand for the safe-haven metal amid ongoing geopolitical tensions. As a result, gold is poised for a potential breakout and modest weekly gains, with its upside prospects looking favorable.
⭐️ Personal comments NOVA:
There will still be a bearish VIEW for XAU, before the news of FED's interest rate reduction. Today's NF is also expected to be good for the dollar
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2499 - $2497 SL $2494 scalping
TP1: $2503
TP2: $2508
TP3: $2515
🔥BUY GOLD zone: $2450 - $2452 SL $2445
TP1: $2460
TP2: $2470
TP3: $2480
🔥SELL GOLD zone: $2529 - $2532 SL $2536
TP1: $2520
TP2: $2510
TP3: $2500
⭐️ 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 ! NF ! decision for the market to fall sharplyXAU / USD trend forecast September 6, 2024
The ADP National Employment Report released Thursday showed that US private-sector jobs increased by 99,000 in August, the smallest rise since January 2021, missing the forecast of 145,000. July’s figure was also revised down to 111,000 from 122,000. Additionally, job openings fell to 7.673 million in July, a three-and-a-half-year low, indicating a weakening labor market.
Sideway below 2500 is a good signal for Gold in the near future, waiting for interest rate cut in September 2024
Based on H4, resistance and EMA 200 line to set up SELL signal
/// SELL XAU : zone 2528-2531
SL: 2536
TP: 50 - 150 - 300 pips (2501)
Safe and profitable trading
XAU decreased! PMI ! Important data today⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices edged higher during the Asian session on Thursday, building on their rebound from near two-week lows around $2,472. A US labor market report on Wednesday showed job openings dropping to a three-and-a-half-year low, fueling speculation of a larger Fed rate cut in September, which supports the non-yielding metal. Concerns about the US economy also drive investors toward safe-haven assets like gold.
However, strong buying momentum is lacking as traders remain cautious ahead of Friday’s key Nonfarm Payrolls (NFP) report. Thursday’s ADP employment report, Weekly Jobless Claims, and ISM Services PMI may offer short-term opportunities, but expectations for upcoming Fed rate cuts continue to support gold prices.
⭐️ Personal comments NOVA:
The financial market was shaken by the news that the FED lowered interest rates in September, fearing an economic recession. Gold also found it difficult to avoid the general sentiment, continuing to reduce and adjust more strongly.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2472 - $2470 SL $2467 scalping
TP1: $2478
TP2: $2483
TP3: $2490
🔥BUY GOLD zone: $2451 - $2453 SL $2446
TP1: $2460
TP2: $2470
TP3: $2480
🔥SELL GOLD zone: $2506 - $2508 SL $2513
TP1: $2495
TP2: $2480
TP3: $2460
⭐️ 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
US30 , Today 09/05/2024 Strategy - Sell Or Buy ?!Strategy Overview:
In this chart of the US30 (Dow Jones Industrial Average Index), the price action is forming a rising channel within the 15-minute timeframe. The trendlines highlighted suggest potential buy and sell zones based on the interactions with these lines.
Key Elements:
Trendline Structure:
Buy Side: The lower trendline is acting as dynamic support. Each time the price touches this line, there's a buying opportunity, which has resulted in several bullish movements in the past.
Sell Side: The upper trendline represents resistance. When the price approaches this area, it faces selling pressure.
Trading Strategy:
Buying Strategy: A buy trade can be initiated if the price retraces back to the Buy Side trendline (around 40,937), with a stop loss placed just below this support line. The target would be a movement toward the upper Sell Side trendline (near 41,043).
Selling Strategy: A sell trade can be considered when the price reaches or slightly breaks through the Sell Side trendline. A stop loss can be placed above this level, with a target back down towards the Buy Side.
Confirmation with RSI:
The RSI indicator shows both overbought and oversold conditions frequently, which complements the trendline strategy. Currently, RSI is around neutral, meaning there’s potential for either direction depending on where the price moves next within the channel.
Conclusion:
This strategy uses both support and resistance levels created by the rising channel to define entry and exit points for buy and sell positions. The interaction of the price with these trendlines, along with RSI confirmation, provides a clear framework for making trading decisions in this timeframe.