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XAU sideway - accumulation !! under $2400⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices (XAU/USD) attracted buyers during the Asian session on Thursday, breaking a four-day losing streak. Market sentiment remains fragile due to concerns about an economic slowdown in China and a potential US recession. Additionally, ongoing Middle East conflicts continue to boost demand for the safe-haven metal. Friday's weak US employment report for July increased expectations of significant interest rate cuts by the Federal Reserve (Fed), along with a decline in US Treasury bond yields, putting pressure on the US Dollar (USD) and supporting Gold prices. Furthermore, the recent rebound from the 50-day Simple Moving Average (SMA) suggests potential for further appreciation. ⭐️Personal comments NOVA: Gold price is in the sideway price range: 2380 - 2420, buyers and sellers are having high competition in the context of this week not having much important economic data, focus is on concerns that a war in the Middle East may break out. ⭐️SET UP GOLD PRICE: 🔥BUY GOLD zone: $2365 - $2367 SL $2360 TP1: $2375 TP2: $2382 TP3: $2390 🔥SELL GOLD zone: $2418 - $2420 SL $2426 TP1: $2405 TP2: $2398 TP3: $2390 ⭐️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
XAU in bearish range - holding below 2420⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) is facing selling pressure for the fourth consecutive day on Wednesday, but it maintains a position above the weekly low. Recent sharp losses and signs of stability in global equity markets are affecting the appeal of gold as a safe haven. Additionally, slight strength in the US Dollar (USD) is putting more pressure on gold. However, expectations for significant interest rate cuts by the Federal Reserve (Fed), coupled with ongoing recession concerns in the US, may prevent substantial gains for the Dollar. Moreover, worries about an economic slowdown in China and potential geopolitical tensions in the Middle East should continue to support gold prices and reduce the risk of further declines. ⭐️ Personal comments NOVA: Gold price within range decreases H1 - sideway zone waiting for market stabilization within range 2370 - 2420 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2351 - $2353 SL $2346 TP1: $2365 TP2: $2378 TP3: $2385 🔥SELL GOLD zone: $2419 - $2421 SL $2426 TP1: $2410 TP2: $2400 TP3: $2390 ⭐️ 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
Markets fear recession - XAU falls⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) hit a one-week low on Monday, but managed to defend and bounce back from the 50-day Simple Moving Average (SMA) support around the $2,365-2,364 area. Softer incoming US macro data heightened concerns about a potential downturn in the world’s largest economy and increased expectations for more significant interest rate cuts by the Federal Reserve (Fed). This situation led to a recent decline in US Treasury bond yields, which, together with the escalating Middle East crisis, provides some support to the safe-haven precious metal. However, a shift in risk sentiment, indicated by a relief rally in the equity markets, could pose a challenge for gold prices amid recovering US bond yields, which support the US Dollar (USD). Nonetheless, the overall fundamental backdrop seems to favor bullish traders, suggesting that the path of least resistance for XAU/USD is upward. Therefore, weakness below the $2,400 mark might continue to attract buyers and remain limited in the absence of significant US economic data releases. ⭐️ Personal comments NOVA: The financial downturn on Monday, due to concerns about the US economic recession, caused the price of Gold to fall sharply, and there was still selling pressure from the bears when there was not much important economic news today. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2373 - $2375 SL $2368 TP1: $2382 TP2: $2390 TP3: $2400 🔥BUY GOLD zone: $2386 - $2384 SL $2380 TP1: $2392 TP2: $2400 TP3: $2410 🔥SELL GOLD zone: $2428 - $2430 SL $2435 TP1: $2420 TP2: $2410 TP3: $2390 ⭐️ 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
USDJPY Yearly Structure: OHLC Analysis and Sell Setup**USDJPY Yearly Structure: OHLC Analysis and Sell Setup** The USDJPY yearly structure, based on Open, High, Low, Close (OHLC) analysis, has confirmed a sell signal setup on the monthly timeframe. This indicates a bearish outlook for the entire year of 2024. The market is expected to move downwards until it reaches the first take profit level at 147.152. Key Points to Remember When trading market structure, it's essential to follow these three key points: 1. **Market Structure (OHLC/OLHC)** 2. **Divergence (Bullish/Bearish)** 3. **TDI Cross (Bullish/Bearish)** For a valid signal, all three points must align in the same direction. In the case of USDJPY, all indicators point to a sell. Detailed Analysis 1. **Market Structure**: The current structure is OHLC, which sets the foundation for our analysis. 2. **Divergence**: Bearish divergence started on Monday, October 3, 2022, and continued until the yearly high on Monday, July 1, 2024. This divergence is evident in both candle patterns and the Traders Dynamic Index (TDI). 3. **TDI Cross**: A perfect bearish TDI cross confirms the sell setup. Sellers have entered the market, reinforcing the bearish outlook. Profit Targets - **First Take Profit**: The monthly open at 147.152. - **Second Take Profit**: A further decline to 142.064. Correlation with Gold USDJPY and Gold often correlate inversely; when one goes down, the other tends to go up. This inverse relationship should be considered in your trading strategy. Final Thoughts Patience is key in trading. Ensure all signals align with the trend. If you found this analysis useful, please like, share, and comment.
Short
by ezeepips