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$2500 large accumulation price zone! XAU decrease⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) slipped on Tuesday due to a stronger US Dollar and rising US Treasury yields. However, expectations that the Federal Reserve might cut interest rates in September could support gold, as lower rates reduce the cost of holding non-yielding assets. Additionally, ongoing geopolitical tensions in the Middle East may boost demand for safe-haven assets like gold. Looking ahead, the ISM Manufacturing PMI is set to be released on Tuesday, and the key focus will be on the US Nonfarm Payrolls (NFP) report for August, which could influence the Fed's rate decision and impact gold prices in the near term. ⭐️ Personal comments NOVA: Gold prices enter September with high expectations for volatility and new price increases. Correction to reach new ATH continues this year ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2472 - $2470 SL $2465 TP1: $2480 TP2: $2495 TP3: $2510 🔥SELL GOLD zone: $2509 - $2511 SL $2514 scalping TP1: $2504 TP2: $2498 TP3: $2490 🔥SELL GOLD zone: $2527 - $2529 SL $2534 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
OANDA:XAUUSDShort
by Nova-Scalper
1
Gold falls below 2500 !! XAU ! 9/2/24XAU / USD trend forecast September 2, 2024 Protests erupted across Israel after the military recovered the bodies of six hostages allegedly killed by Hamas in Gaza. Israel's largest labor union has called for a nationwide strike, threatening to shut down the entire economy on Monday. Meanwhile, China's NBS Manufacturing PMI dropped to 49.1 in August from 49.54 in July, missing expectations of 49.5, while Non-Manufacturing PMI improved slightly to 50.3 from 50.2, surpassing forecasts of 50.0. In the US, the PCE Price Index increased by 2.5% year-over-year in July, slightly below market expectations of 2.6%. Sideway below 2500 is a good signal for Gold in the near future, waiting for interest rate cut in September 2024 Based on M30, resistance and EMA 200 line to set up SELL signal /// SELL XAU : zone 2508-2510 SL: 2516 TP: 50 - 150 - 300 pips (2480) Safe and profitable trading
OANDA:XAUUSDShort
by Moon-ForexAcademy
1
September , XAU/USD price correction , ZONE 2500⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) continued to drop on Monday, falling below the $2,500 mark as a stronger US Dollar, following July's Personal Consumption Expenditures (PCE) Index, pressured the metal. Additionally, concerns over China's sluggish economy, the world’s largest gold buyer, added to the decline. However, expectations of an interest rate cut by the US Federal Reserve (Fed) in September could help limit Gold’s losses, as lower rates reduce the opportunity cost of holding non-yielding assets like gold. Looking ahead, key US economic data are due this week, including the ISM Manufacturing PMI on Tuesday, the Services PMI on Thursday, and employment data on Friday, which includes Nonfarm Payrolls (NFP), the Unemployment Rate, and Average Hourly Earnings for August. ⭐️ Personal comments NOVA: Gold price has a slight decrease adjustment in early September 2024, but is still within the sideway price range of 2480 - 2530, accumulating for the Uptrend. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2483 - $2485 SL $2478 TP1: $2492 TP2: $2500 TP3: $2510 🔥SELL GOLD zone: $2509 - $2511 SL $2516 TP1: $2500 TP2: $2490 TP3: $2482 ⭐️ 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
XAU cannot break ATH - correction down to 2500 areaXAU / USD trend forecast August 30, 2024 Russia launched multiple air strikes on Ukraine this week, costing Moscow around £1.1 billion. At the same time, Ukraine has cautioned that it is closely monitoring its border with Belarus following a recent buildup of troops there, according to Sky News. The US Gross Domestic Product (GDP) expanded at an annual rate of 3.0% in the second quarter (Q2), as reported by the Department of Commerce in its second estimate released on Thursday. This figure exceeded both the forecasts and the initial estimate of 2.8%. Additionally, US weekly Initial Jobless Claims for the week ending August 24 fell to 231,000 from 233,000 in the prior week, coming in below the market expectation of 232,000. September is an opportunity for the financial market: BTC, XAU increases strongly, Gold price needs to accumulate more, the target is to adjust down to the 2500 area. /// SELL XAU : zone 2527-2530 SL: 2535 TP: 50 - 150 - 300 pips (2500) Safe and profitable trading
OANDA:XAUUSDShort
by Moon-ForexAcademy
7
ATH XAU is getting closer !! will it reach 2550 ??⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) is under pressure on Friday due to a stronger US Dollar (USD). Positive US growth data and lower Initial Jobless Claims have reduced expectations for a significant rate cut by the Federal Reserve (Fed) in September, weighing on gold. However, rising geopolitical tensions in the Middle East and the ongoing Russia-Ukraine war may increase safe-haven demand, supporting gold prices. Investors are watching US inflation data for clues on the Fed's rate cut decision. The core Personal Consumption Expenditures (PCE) Price Index, the Fed's preferred inflation measure, is expected to rise 2.7% YoY in July, slightly up from 2.6% in June. A softer-than-expected PCE could prompt the Fed to begin a rate-cutting cycle, which would be favorable for XAU/USD. ⭐️ Personal comments NOVA: The bulls are still dominant, trying to surpass the old 2531 ATH zone. NOVA is still waiting for September - the end of August will continue to sideway and adjust downwards. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2507 - $2509 SL $2503 scalping TP1: $2515 TP2: $2522 TP3: $2531 🔥BUY GOLD zone: $2483 - $2485 SL $2478 TP1: $2495 TP2: $2502 TP3: $2510 🔥SELL GOLD zone: $2548 - $2550 SL $2555 TP1: $2540 TP2: $2530 TP3: $2520 ⭐️ 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
7
Attempt to break ATH XAU at the end of August 2024 ⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: However, the rising demand for the US Dollar (USD) could pressure Gold prices, as a stronger USD makes Gold more expensive for buyers. Investors will be watching Thursday's second estimate of US GDP for Q2 to gauge the potential size and timing of the Federal Reserve's (Fed) rate cut. On Friday, attention will shift to the US Personal Consumption Expenditures (PCE) Price Index data for July. ⭐️ Personal comments NOVA: Still continuing sideways in the price range of 2480 - 2530, stabilizing liquidity in this area. NOVA thinks it will take time until early September for gold to continue to create a new ATH this year. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2485 - $2483 SL $2478 TP1: $2490 TP2: $2500 TP3: $2510 🔥SELL GOLD zone: $2548 - $2550 SL $2555 TP1: $2530 TP2: $2515 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
OANDA:XAUUSDShort
by Nova-Scalper
1
Sideway accumulation - XAU around 2500⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) dipped on Tuesday as the US Dollar showed modest recovery. However, Jerome Powell’s hint at Jackson Hole about potential rate cuts could lend support to the precious metal, as lower interest rates make gold more attractive. Rising tensions in the Middle East may also boost gold’s appeal as a safe haven. China's central bank (PBOC) paused gold purchases for the third consecutive month in July, raising concerns. Traders are eyeing August data for new clues, but worries over China's sluggish economy and declining demand for precious metals could weigh on gold prices. On Tuesday, the US will release its Consumer Confidence and Housing Price Index data, with the focus later in the week on GDP and PCE figures. ⭐️ Personal comments NOVA: Gold price is still in an Uptrend in the long term, still needs additional sideways accumulation to create force to reach a new higher ATH. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2494 - $2496 SL $2491 scalping TP1: $2502 TP2: $2508 TP3: $2515 🔥BUY GOLD zone: $2484 - $2486 SL $2479 TP1: $2495 TP2: $2502 TP3: $2520 🔥SELL GOLD zone: $2545 - $2547 SL $2552 TP1: $2538 TP2: $2530 TP3: $2520 ⭐️ 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
2
XAU shows positivity above $2500⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) show a slight downward trend near the $2,500 mark on Monday. However, the potential for further decline may be limited due to growing expectations that the US Federal Reserve will start lowering interest rates in September, which typically supports Gold by reducing the opportunity cost of holding it. Additionally, rising geopolitical tensions in the Middle East and ongoing economic uncertainty are likely to increase demand for the safe-haven asset, supporting Gold prices. However, weak demand in the Chinese economy, the world's largest gold producer and consumer, could weigh on the metal. Later today, the US July Durable Goods Orders are set to be released. This week's key events include the preliminary US GDP for Q2 and the PCE Price Index for July, due on Thursday and Friday, respectively. ⭐️ Personal comments NOVA: Gold prices are still positive after the FED's statements, Gold prices continue to maintain above the 2500 zone, stable in the second session of the week. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2496 - $2494 SL $2489 TP1: $2505 TP2: $2515 TP3: $2530 🔥SELL GOLD zone: $2528 - $2530 SL $2535 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
OANDA:XAUUSDShort
by Nova-Scalper
3
PMI - revised, cumulative below 2500 ! XAU / USD ⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) held firm above the $2,500 mark during the Asian session on Thursday, staying near the record high reached earlier this week. On Wednesday, data revealed that US job growth over the past year was weaker than initially estimated, and the July FOMC meeting minutes showed that several officials supported an immediate rate cut. This strengthened expectations for the Fed to start easing its policy in September, which pushed the US Dollar (USD) to a new low for the year and provided a boost to gold. Investors are now seeking more clarity on whether the weaker US labor market might justify a larger rate cut next month. This makes Fed Chair Jerome Powell's upcoming speech at the Jackson Hole Symposium crucial for influencing the USD and gold's direction. Meanwhile, the risk-on sentiment is capping further gains for gold, though ongoing tensions between Israel and Hamas could limit any downside. Traders are also keeping an eye on global PMIs and US macro data for short-term opportunities. ⭐️ Personal comments NOVA: almost 100% sure, in September 2024 the FED will cut interest rates, the sentiment is very optimistic about the market. Before the price continues to create ATH, it is necessary to get more liquidity in the area below 2450 - 2500 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2477 - $2475 SL $2470 TP1: $2485 TP2: $2500 TP3: $2510 🔥SELL GOLD zone: $2510 - $2512 SL $2516 scalping TP1: $2505 TP2: $2500 TP3: $2490 🔥SELL GOLD zone: $2550 - $2552 SL $2557 TP1: $2540 TP2: $2530 TP3: $2520 ⭐️ 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
20
XAU officially adjusted! Short term decrease⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) found support during the Asian session on Friday, rebounding from the weekly low hit the day before. The expectation that the Federal Reserve (Fed) will begin cutting interest rates in September is weighing on the US Dollar (USD), despite its recent recovery from a yearly low. This, along with ongoing geopolitical tensions, continues to boost demand for the safe-haven metal. However, gold remains below the $2,500 mark as traders await Fed Chair Jerome Powell's speech at the Jackson Hole Symposium for more clarity on the rate-cut outlook, which could drive the next move. Additionally, developments in Israel-Hamas ceasefire talks will likely influence the short-term direction of XAU/USD, which is on track for modest weekly losses. ⭐️ Personal comments NOVA: Gold makes ATH 2531 correction is required to bring more liquidity, balance buyers and sellers in the market, before receiving the first interest rate cut in September 2024 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2462 - $2460 SL $2457 scalping TP1: $2468 TP2: $2473 TP3: $2480 🔥BUY GOLD zone: $2439 - $2441 SL $2434 TP1: $2450 TP2: $2465 TP3: $2480 🔥SELL GOLD zone: $2500 - $2498 SL $2505 TP1: $2490 TP2: $2480 TP3: $2470 ⭐️ 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
7
REACHED ATH !! XAU accumulates waiting for FOMC today⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) hit a new record high around $2,531-$2,532 on Tuesday, driven by expectations that the Federal Reserve (Fed) will soon begin easing its policy. Markets are increasingly betting on a 25 basis point rate cut in September, boosting demand for gold. Dovish Fed expectations also pushed down US Treasury yields and weakened the US Dollar (USD), with the USD Index (DXY) dropping to a seven-month low, further supporting gold. Additionally, a slight pullback in US equity markets contributed to gold's rise. However, optimism about easing tensions in the Middle East limited further gains for XAU/USD. Investors remain cautious, waiting for Fed Chair Jerome Powell's speech at the Jackson Hole Symposium on Friday and the July FOMC meeting minutes for more clues on the Fed's policy direction, which will influence USD demand and gold's next move. ⭐️ Personal comments NOVA: Gold price reached ATH 2530 according to FIB H4, continue to accumulate and wait for FOMC data today, possibility of sideway, correction decrease ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2485 - $2487 SL $2480 TP1: $2495 TP2: $2503 TP3: $2510 🔥SELL GOLD zone: $2533 - $2535 SL $2540 TP1: $2520 TP2: $2505 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
OANDA:XAUUSDShort
by Nova-Scalper
4
Monday - slight adjustment down XAU ⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) surged to a new record above the $2,500 mark on Friday, supported by several factors. The US Dollar (USD) faced renewed selling pressure, dropping near its lowest level since January, which boosted gold. Additionally, ongoing geopolitical risks from the Middle East conflicts and the prolonged Russia-Ukraine war further lifted the safe-haven metal. On Monday, easing recession fears in the US supported a risk-on sentiment, putting some pressure on gold during the Asian session. Traders are also cautious, waiting for more clarity on the Federal Reserve's (Fed) policy direction before making significant moves. Attention now turns to the release of the FOMC meeting minutes on Wednesday and Fed Chair Jerome Powell's speech at the Jackson Hole Symposium. ⭐️ Personal comments NOVA: Gold has made new progress in the price increase, over 25xx. The possibility of new ATH price zones appearing is very high, in the context of military tension and upcoming interest rate cuts. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2488 - $2490 SL $2485 scalping ( Asian and European trading sessions ) TP1: $2495 TP2: $2502 TP3: $2510 🔥BUY GOLD zone: $2474 - $2476 SL $2469 TP1: $2485 TP2: $2500 TP3: $2510 🔥SELL GOLD zone: $2530 - $2532 SL $2537 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
OANDA:XAUUSDShort
by Nova-Scalper
10