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Sideway price zone - accumulation for Gold✍️ NOVA hello everyone, Let's comment on gold price next week from 6/17 - 6/21/2024 🔥 World situation: Gold's price surged during the North American session on Friday due to increased hopes of the Federal Reserve cutting interest rates later this year. The rise in inflation data in the United States contributed to this sentiment. Additionally, political uncertainty in Europe led to risk aversion and a flight to safety, which boosted the value of gold. The XAU/USD is currently trading at $2,333, representing a gain of more than 1.30% after rebounding from daily lows of $2,301. Despite lingering pessimism, US equities saw some recovery in the last hour of trading, with the Nasdaq up 0.28%. The S&P 500 also trimmed its earlier losses and is nearly flat on the day at -0.10%. 🔥 Identify: Gold price continues to be stuck in two trendline boundaries, the large disputed price range is 2300 - 2357. Temporarily, the price continues to sideways and accumulates 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: $2357, $2388, $2440 Support : $2306, $2278, $2230 🔥 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
Continuing DOWN trend !! XAU decrease⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) rose for the third consecutive day, reaching a weekly high of around $2,341-2,342 due to weaker US consumer inflation figures. However, the momentum slowed down near the 50-day Simple Moving Average (SMA) resistance after the Federal Reserve's unexpected hawkish stance. The Fed now expects only one rate cut in 2024, compared to the three previously projected in March. This is likely to put further downward pressure on gold during Thursday's Asian session. ⭐️ Personal comments NOVA: Gold price shows that selling pressure is dominating in the short-term H1 session. The economic data this week is not enough to help the price of Gold increase - the most important thing is still the information that the FED's interest rates will be kept unchanged, causing the price of Gold to continue to decline. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2270 - $2268 SL $2263 TP1: $2280 TP2: $2290 TP3: $2300 🔥SELL GOLD zone: $2319 - $2321 SL $2326 TP1: $2310 TP2: $2300 TP3: $2290 ⭐️ 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
9
GOLD PRICE DECREASES LAST SESSION💵GOLD PRICE AND ECONOMIC INFORMATION Gold held steady above the $2,300 per ounce mark on Friday, on track for its first weekly gain in four weeks after falling over 1% in the previous session, as investors assessed softer-than-anticipated US inflation figures against the Federal Reserve’s updated interest rate projections. Thursday's data showed that the US PPI unexpectedly fell in May amid lower energy costs, indicating that inflationary pressures continued to subside. This followed cooler-than-expected consumer inflation data released last Wednesday. However, the latest dot-plot projections from FOMC members revealed that, on average, they anticipate only one 25 basis point rate cut this year, with four members forecasting no cuts at all. ✉️Deekop's Analysis: After the FOMC and CPI forecasts as expected, gold increased slightly to 2340 and fell in line with the FOMC's good USD direction. Today's milestone 2304-2308 is quite important. Gold will grind to break this mark if it wants to create a downward trend to conquer the 2291-2267 mark. 🔴SELL GOLD: 2319 - 2321, SL: 2325 (Sell retest dow + down vol) 🔴SELL GOLD: 2336 - 2338, SL: 2342 🟢BUY GOLD: 2282 - 2280 SL: 2276 ⛔️Breakout: 📈 Breakout on: 2325 📉 Breakout below: 2305- 2291 - 2286 - 2280 🔼Support: 2305 - 2291 - 2286 - 2280- 2274 🔽Resistance: 2317 - 2321 - 2325 - 2333 - 2338 Deekop's daily plans all achieve fixed profits GOOD LUCK EVERYONE👍
OANDA:XAUUSDShort
by Scalper_Ananda
PPI - Will data cause Gold prices to fall next?⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) rose for the third consecutive day, reaching a weekly high of around $2,341-2,342 due to weaker US consumer inflation figures. However, the momentum slowed down near the 50-day Simple Moving Average (SMA) resistance after the Federal Reserve's unexpected hawkish stance. The Fed now expects only one rate cut in 2024, compared to the three previously projected in March. This is likely to put further downward pressure on gold during Thursday's Asian session. ⭐️ Personal comments NOVA: After yesterday's data on keeping the FED's interest rates unchanged, it is expected that the Gold price is still in a DOWN cycle. Watch for more data during the week to identify trends ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2280 - $2282 SL $2275 TP1: $2290 TP2: $2300 TP3: $2310 🔥SELL GOLD zone: $2336 - $2338 SL $2343 TP1: $2328 TP2: $2315 TP3: $2300 ⭐️ 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
CPI and FOMC determine Gold price trend⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) is showing resilience below the $2,300 mark, with modest gains for the second consecutive day. Traders are eagerly awaiting the release of US consumer inflation figures and the outcome of the FOMC meeting, as these will provide insights into when the Fed will start cutting interest rates. This will have a significant impact on the future movement of gold. ⭐️ Personal comments NOVA: Gold price recovered slightly before today's CPI and FOMC news. With the high possibility that interest rate data will continue to remain unchanged, Gold prices are likely to still recover. Pay attention to resistance areas for prices to react at $2325, $2340. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2270 - $2268 SL $2263 TP1: $2280 TP2: $2290 TP3: $2300 🔥SELL GOLD zone: $2323 - $2325 SL $2328 scalping TP1: $2318 TP2: $2310 TP3: $2300 🔥SELL GOLD zone: $2338 - $2340 SL $2345 TP1: $2325 TP2: $2315 TP3: $2300 ⭐️ 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
13
Gold prices dropped sharply with tonight's newsInvestors will focus on updated economic projections from the central bank, which are expected to show fewer rate cuts than policymakers previously anticipated. Markets now see only one rate reduction from the Fed this year in light of stronger-Gold prices eased toward $2,310 an ounce on Wednesday, hovering close to one-month lows as caution prevailed ahead of key US inflation data and the latest Federal Reserve interest rate decision. Investors will focus on updated economic projections from the central bank, which are expected to show fewer rate cuts than policymakers previously anticipated. Markets now see only one rate reduction from the Fed this year in light of stronger-than-expected payrolls data last Friday. Additionally, China’s central bank, the biggest official sector buyer of gold, paused its purchases in May after 18 consecutive months of buying spree. Elsewhere, gold miner Polymetal International announced this week that it plans to double output by 2029 through acquisitions in Central Asia. 🔴SELL GOLD: 2325- 2323, SL: 2329 (Resistance H4 + VCM EMA 89 zone H1) 🔴SELL GOLD: 2338 - 2340, SL: 2344 🟢BUY GOLD: 2270 - 2268, SL: 2264 ⛔️Breakout: 📈 Breakout on: 2325 📉 Breakout below: 2304 - 2300 - 2391 🔼Support: 2286 - 2274 - 2268 🔽Resistance: 2325 - 2338 Investors will focus on updated economic projections from the central bank, which are expected to show fewer rate cuts than policymakers previously anticipated. Markets now see only one rate reduction from the Fed this year in light of stronger-Gold prices eased toward $2,310 an ounce on Wednesday, hovering close to one-month lows as caution prevailed ahead of key US inflation data and the latest Federal Reserve interest rate decision. Investors will focus on updated economic projections from the central bank, which are expected to show fewer rate cuts than policymakers previously anticipated. Markets now see only one rate reduction from the Fed this year in light of stronger-than-expected payrolls data last Friday. Additionally, China’s central bank, the biggest official sector buyer of gold, paused its purchases in May after 18 consecutive months of buying spree. Elsewhere, gold miner Polymetal International announced this week that it plans to double output by 2029 through acquisitions in Central Asia. 🔝🔝 Deekop's research and comments XAUUSD PLAN DAY TODAY June 12 🔴SELL GOLD: 2325- 2323, SL: 2329 (Resistance H4 + VCM EMA 89 zone H1) 🔴SELL GOLD: 2338 - 2340, SL: 2344 🟢BUY GOLD: 2270 - 2268, SL: 2264 ⛔️Breakout: 📈 Breakout on: 2325 📉 Breakout below: 2304 - 2300 - 2391 🔼Support: 2286 - 2274 - 2268 🔽Resistance: 2325 - 2338 GOOD LUCK EVERYONE👍
OANDA:XAUUSD
by Scalper_Ananda
recovery to the DOWN trend ! retest XAU ⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) fell during the Asian session on Tuesday due to a fresh supply. This decline comes after a slight recovery from a one-month low caused by positive US jobs data. The decrease in bets for an interest rate cut by the Federal Reserve (Fed) in September has kept US Treasury bond yields high, strengthening the US Dollar (USD) and reducing demand for gold. Additionally, the People's Bank of China (PBoC) has significantly decreased its gold buying activities in May, ending a year-long buying spree. Despite this, political uncertainty in Europe and geopolitical risks could prevent further losses. Traders are advised to monitor the release of the latest US consumer inflation figures and the FOMC decision on Wednesday. ⭐️ Personal comments NOVA: Short-term recovery at the beginning of the week - retesting the resistance zone. Sideway waiting for important FOMC information ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2270 - $2268 SL $2263 TP1: $2278 TP2: $2284 TP3: $2292 🔥SELL GOLD zone: $2320 - $2322 SL $2325 scalping TP1: $2315 TP2: $2308 TP3: $2300 🔥SELL GOLD zone: $2338 - $2340 SL $2345 TP1: $2330 TP2: $2320 TP3: $2310 ⭐️ 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
Will there be a short-term recovery in Gold?⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The People's Bank of China (PBoC) stopped buying gold in May, after 18 months of continuous purchases. This has weakened the price of gold. However, there is some support for the safe-haven XAU/USD due to a cautious market mood. Traders are hesitant to make aggressive bets before important US data and central bank events this week, such as the release of consumer inflation figures and the outcome of the FOMC policy meeting on Wednesday. Therefore, caution is advised before expecting further losses. ⭐️ Personal comments NOVA: Gold price suffered a lot of bad news and broke many support zones. The downtrend and investors' psychology will cause the price to continue DOWN ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2270 - $2268 SL $2263 TP1: $2280 TP2: $2290 TP3: $2300 🔥SELL GOLD zone: $2320 - $2322 SL $2325 SCALPING TP1: $2315 TP2: $2307 TP3: $2300 🔥SELL GOLD zone: $2338 - $2340 SL $2345 TP1: $2330 TP2: $2315 TP3: $2300 ⭐️ 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
EURCAD potential 400PIPS!! SELL opportunityEUR/CAD is setting up for a lucrative short trade as it retraces to test the descending trend line resistance around the 1.4950 region. This technical pattern suggests a high-probability reversal, where traders can look for bearish entries. Target the first take-profit (TP1) at the immediate support level of 1.4700, and if the bearish momentum continues, aim for TP2 at the significant support zone around 1.4450. This confluence of trend line resistance and key support levels creates a compelling sell setup, perfect for traders looking to capitalize on EUR/CAD's anticipated downtrend. Enter short near 1.4950 with a stop loss above the trend line, maximizing profit potential as the price targets lower support zones!
Short
by akumjoel
Bad news coming to Gold - price DOWN✍️ NOVA hello everyone, Let's comment on gold price next week from 6/10 - 6/14/2024 🔥 World situation: Gold prices dropped to a four-week low due to strong US labor market and China's halt in gold purchases. XAU/USD traded at $2,295, resulting in a more than 3% decrease. The latest US Nonfarm Payrolls report showed an increase in workforce but also an uptick in the Unemployment Rate and slight rise in Average Hourly Earnings. 🔥 Identify: Gold prices had a sudden drop at the weekend, negative news that China's central bank stopped gold reserves brought negative psychology to investors. Currently, the price is breaking through many support zones, so priority will be given to the DOWN trend 🔥 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: $2335, $2371 Support : $2278, $2260, $2210 🔥 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
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