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XAUUSD Gold price movements tend to decreaseGold edged lower to $2,330 per ounce on Wednesday, as the US dollar stabilized ahead of May’s US jobs report expected later this week. The US nonfarm payrolls will be closely watched as investors seek cues on the potential timing of the Fed rate-cut 🔴SELL GOLD: 2348 - 2350, SL: 2354 🟢BUY GOLD: 2307 - 2305, SL: 2301 Breakout & retest: 📉Breaking and closing on: 2338 - 2354 - 2360 📈 Break and close below: 2322 - 2315 - 2306 -2300 🔼Support: 2322 - 2315 - 2305 🔽Resistance: 2338 - 2348 - 2354 - 2360 - 2374 GOOD LUCK EVERYONE👍
OANDA:XAUUSDShort
by Scalper_Ananda
XAUUSD TODAY: Gold price keeps risingGold prices hovered around $2,340 per ounce on Tuesday, after logging gains in the previous session underpinned by growing expectations of eased monetary policies by major central banks. On Monday, data showed that US manufacturing activity slowed for a second consecutive month in May, while construction spending unexpectedly fell in April due to declines in non-residential activity. This further increased speculations that the Fed has room to cut rates this year. Traders are currently pricing a 60% probability of rate cut in September SELL GOLD: 2374 - 2376 , SL: 2380 BUY GOLD: 2327 - 2325, SL: 2321 Good luck investors
OANDA:XAUUSDShort
by Scalper_Ananda
Huge selling pressure - Gold price continues to DECREASE✍️ NOVA hello everyone, Let's comment on gold price next week from 6/3 - 6/7/2024 🔥 World situation: Gold (XAU/USD) slumped back into the $2,330s on Friday after the release of US Personal Consumption Expenditure (PCE) data for April. The data showed a decrease in core price pressures, with Core PCE cooling to 0.2% month-over-month. Analysts had expected it to remain unchanged at 0.3%. This unexpected decrease increased the likelihood of the Fed cutting interest rates sooner, which is positive for Gold as it reduces the opportunity cost of holding the non-yielding asset. 🔥 Identify: Despite receiving positive economic news supporting Gold - the great selling pressure pushed Gold prices down immediately. Wait for the next support and decline areas next week 🔥 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: $2362, $2414 Support : $2306, $2282, $2250 🔥 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
Gold price continues to adjust DOWN⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) trades lower on Thursday due to a stronger US Dollar (USD) and higher US yields. The reduced expectation of a September rate cut by the Federal Reserve (Fed) is putting pressure on gold as it increases opportunity costs. The second estimate of Q1 2024 US Gross Domestic Product (GDP) will be closely watched by investors, as a stronger-than-expected reading could further strengthen the USD and weigh on gold. However, geopolitical tensions in the Middle East may support gold as a safe-haven asset. Additionally, increased demand from central banks may limit downside for gold in the near term. ⭐️ Personal comments NOVA: Gold continues its DOWN trend amid easing military tensions. Mainly waiting for US economic data to be released ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2315 - $2317 SL $2312 scalping TP1: $2320 TP2: $2325 TP3: $2330 🔥BUY GOLD zone: $2305 - $2307 SL $2300 TP1: $2315 TP2: $2322 TP3: $2330 🔥SELL GOLD zone: $2364 - $2366 SL $2370 TP1: $2358 TP2: $2350 TP3: $2340 ⭐️ 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
Money supply increased for the first time, Gold price will decreGold prices dropped slightly to hover around $2,360 per ounce on Wednesday. This decline was attributed to investors scaling back their expectations for interest rate cuts by the US Federal Reserve this year. The market is also eagerly awaiting the release of the key PCE inflation report. GOLD is following the previous wave E assessment, completing wave 4 and continuing wave 5. Gold price resumed its uptrend on Thursday and climbed more than 1% as US Treasury yields dropped, undermining the Greenback's appetite. 🔴SELL GOLD: 2364 - 2366 , SL: 2370 (scalping) 🟢BUY GOLD: 2317 - 2315, SL: 2311 (scalping) GOOD LUCK EVERYONE👍
OANDA:XAUUSDShort
by Scalper_Ananda
Gold price recovers in the short term !!⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) fell after a three-day winning streak due to the Greenback's slight recovery and hawkish comments from Federal Reserve officials. Strong US economic data also reduced expectations of a Fed rate cut in September, boosting the US Dollar and weighing on gold prices. However, geopolitical tensions and uncertainty may still drive demand for gold as a safe-haven asset. Central bank demand will continue to support higher gold prices in the short term. Traders are watching the Fed's Beige Book and John Williams' speech, as well as the release of the US Core PCE Price Index on Friday, which could impact the possibility of delaying a Fed rate cut if inflation shows signs of increasing. ⭐️ Personal comments NOVA: Gold price recovered in the short term - however, the long-term frame H1 and H4 are showing a larger DOWN trend ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2324 - $2322 SL $2319 SCALPING TP1: $2330 TP2: $2335 TP3: $2340 🔥BUY GOLD zone: $2305 - $2307 SL $2300 TP1: $2315 TP2: $2330 TP3: $2340 🔥SELL GOLD zone: $2370 - $2372 SL $2375 scalping TP1: $2360 TP2: $2350 TP3: $2340 ⭐️ 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
GBPUSD → Trade Analysis | SELL SetupGBPUSD is trading near the lower boundary of the descending channel. The price has fallen under the dynamic support, which now acts as resistance. We expect the decline to continue after testing the lower boundary of the channel. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPUSD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Short
by TheGrove
15
SELL PNB spot cmp 133 target 110 SL 139Technically, there is a distribution going on and sign of exhaustion in strong rally. Multiple times the stock face correction from higher level and then later on it only managed to cross the previous high by some margin to fall again. This means big players selling their delivery. Fundamentally, its already overvalued with high PE and fairly valued Price to Book. So combined analysis says that it can fall to 110 levels soon with any support from market fall.
NSE:PNBShort
by PrashantDahale
Gold recovered slightly in the first session of the week⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) gains strength on Monday, supported by a weaker US Dollar and escalating geopolitical tensions in the Middle East. The long-term outlook remains positive due to increased demand from central banks. However, expectations of fewer rate cuts by the Federal Reserve and a hawkish stance from Fed officials may put some selling pressure on gold as higher interest rates make it less attractive as a store of value. ⭐️ Personal comments NOVA: Gold price recovered slightly in the first session of the week, still in a DOWN correction in the H1 and H4 frames ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2306 - $2304 SL $2298 TP1: $2315 TP2: $2322 TP3: $2330 🔥BUY GOLD zone: $2321 - $2319 SL $2316 scalping TP1: $2326 TP2: $2332 TP3: $2340 🔥SELL GOLD zone: $2354 - $2356 SL $2361 TP1: $2348 TP2: $2340 TP3: $2330 ⭐️ 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
Sideway, correction DOWN!! XAU✍️ NOVA hello everyone, Let's comment on gold price next week from 5/27 - 5/31/2024 🔥 World situation: Gold price stabilized on Friday after two consecutive days of losses, increasing by 0.23%. However, it experienced a weekly decline of more than 3%, marking the largest weekly loss since December 2023. The better-than-expected US Durable Goods Orders data had a reduced impact due to a downward revision in the previous month's reading, which encouraged buying of gold. The XAU/USD is currently trading at $2,332 after reaching a daily low of $2,325. Gold traders reacted before the weekend as US business activity improved, reducing the likelihood of a rate cut by the Federal Reserve (Fed). As of now, fed funds rate futures estimate only a 25 basis point interest rate cut in 2024. 🔥 Identify: Gold price is in a DOWN correction, but sales volume is decreasing. Economics and politics are in a period of hesitation, Gold prices will mainly sideways in the range from $2300 - $2350 next week. 🔥 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: $2363, $2395, $2442 Support : $2306, $2280 🔥 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
PMI continues to pressure Gold downward !!⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) continues to decline due to the Federal Open Market Committee (FOMC) minutes being interpreted as more hawkish. This has limited the upside potential for gold. The cautious approach of the US Federal Reserve to maintain its restrictive policy for longer has boosted the strength of the US dollar, putting downward pressure on gold. Traders will monitor the preliminary reading of the US Manufacturing and Services Purchasing Managers Index (PMI) for May, as a weaker reading could spark hopes of rate cuts by the Fed and support gold prices. Geopolitical tensions, uncertainties, and inflation concerns may also provide some support for gold in the short term. Other factors to watch include the Chicago Fed National Activity Index, weekly Initial Jobless Claims, New Home Sales, and comments from Fed's Bostic. ⭐️ Personal comments NOVA: Gold fell after yesterday's FOMC meeting - quite tough statements on inflation. When the Gold price reaches a new ATH peak, it is obvious that a downward adjustment will create more liquidity for the market, the price will continue to be under selling pressure today and tomorrow. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2347 - $2345 SL $2340 TP1: $2352 TP2: $2360 TP3: $2370 🔥SELL GOLD zone: $2403 - $2405 SL $2410 TP1: $2395 TP2: $2380 TP3: $2370 ⭐️ 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
8
GBPJPY SELL | Idea Trading AnalysisGBPJPY is moving in an ascending channel. The price has an opportunity to test the resistance zones. If the price cannot break through the resistance level, it is expected that there is a chance that the price will fall.. We expect a bearish move from the confluence zone. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPJPY I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Short
by TheGrove
3
Gold price falls - sideway adjustment⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) trades lower on Wednesday after pulling back from a recent high. The Federal Reserve (Fed) has expressed the need for stronger evidence of easing inflation before considering interest rate cuts, implying that rates will likely remain higher for an extended period. This could potentially strengthen the US dollar and weigh down gold prices, although factors like US-China trade tensions, geopolitical tensions in the Middle East, and demand from central banks and Asian buyers may limit the metal's downside. Today, gold traders will focus on the release of FOMC Minutes and a speech by Fed's Goolsbee. ⭐️ Personal comments NOVA: Gold price adjusted down within the H1 trend line, sideway accumulation ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2407 - $2409 SL $2404 scalping TP1: $2413 TP2: $2418 TP3: $2425 🔥BUY GOLD zone: $2399 - $2397 SL $2392 TP1: $2405 TP2: $2415 TP3: $2430 🔥SELL GOLD zone: $2440 - $2442 SL $2447 TP1: $2430 TP2: $2425 TP3: $2417 ⭐️ 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
Gold price adjusted - slightly decreased⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) loses recovery momentum due to lack of fresh catalysts in a quiet session. However, renewed demand is supported by bets on interest rate cuts from the US Federal Reserve, geopolitical tensions, and strong demand from central banks and Asian buyers. Traders will focus on Fedspeak and the upcoming FOMC Minutes. Hawkish stance from Fed officials may lift the Greenback and lower USD-denominated Gold. ⭐️ Personal comments NOVA: Gold price in the short-term adjustment price line - creating liquidity for the market. Pay attention to the short support zones $2400, $2390 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2392 - $2390 SL $2385 TP1: $2400 TP2: $2410 TP3: $2420 🔥SELL GOLD zone: $2454 - $2456 SL $2461 TP1: $2448 TP2: $2440 TP3: $2430 ⭐️ 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
GBPCAD SELL | Idea Trading AnalysisThe price has recently reached a strong resistance zone, noting previous sell-offs in that area. It appears that we may see more sideways movement GBPCAD is near the resistance, where price dropped before. We expect a bearish move from the confluence zone. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPCAD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Short
by TheGrove
6