Return to RETEST entry BUY gold ! Increase⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Minneapolis Fed President Neel Kashkari's recent suggestion that the Fed may halt changes to interest rates and possibly increase the federal funds rate if inflation doesn't decline has strengthened the Dollar. This week's economic agenda includes more commentary from Fed officials, Initial Jobless Claims for the week ending May 4, and the University of Michigan Consumer Sentiment's preliminary report.
⭐️ Personal comments NOVA:
Gold prices decreased when there was not much important economic data this week. Mainly sideways and back to test entry BUY $2290
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2293 - $2291 SL $2285
TP1: $2300
TP2: $2310
TP3: $2320
🔥SELL GOLD zone: $2345 - $2347 SL $2352
TP1: $2335
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
Sellsignal
Gold price increased unexpectedly !! MONDAY ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) loses momentum at $2,295 early Monday. Investors are eyeing Fedspeaks this week and the US Michigan Consumer Sentiment Index for May on Friday. The US Dollar Index (DXY), a gauge of USD value against trade partner currencies, rises to 105.12, recovering from nearly one-month lows.
⭐️ Personal comments NOVA:
Monday trading session saw Gold prices increase slightly, still in the disputed price range, selling pressure still prevailed more.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2277 - $2275 SL $2270
TP1: $2285
TP2: $2292
TP3: $2300
🔥SELL GOLD zone: $2325 - $2323 SL $2330
TP1: $2318
TP2: $2310
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
Gold price continues to have selling pressure - DOWN✍️ NOVA hello everyone, Let's comment on gold price next week from 5/6 - 5/11/2024
🔥 World situation:
Gold's initial gains were wiped out on Friday due to disappointing Nonfarm Payrolls data from the US Bureau of Labor Statistics, indicating a slower jobs market. Despite briefly nearing a daily high of $2,310, it didn't surpass May 2’s high of $2,326 and retreated to current spot prices. The XAU/USD remains stable at around $2,300. Optimism on Wall Street diminishes the appeal of gold as a safe-haven asset. Notably, US Treasury yields and real yields are declining, affecting gold prices inversely.
🔥 Identify:
During Gold's correction - there is a lot of selling pressure. The Fed's interest rate is not too surprising. There will not be much fluctuation this week, mainly sideways in 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: $2347, $2400
Support : $2272, $2237, $2205
🔥 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 in SIDEWAY price range! $2300⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price holds steady around $2,300 in the mid-North American session on Thursday. Factors contributing to this include positive market sentiment, declining US Treasury yields, and a weaker US Dollar. Traders are still processing comments made by Federal Reserve Chairman Jerome Powell on Wednesday, as well as the central bank's decision to keep rates unchanged. Additionally, recent data reveals a slight decrease in the US trade deficit and a tight labor market.
The XAU/USD is currently trading at $2,305, reflecting a 0.60% decrease. Expectations of a more hawkish stance from the Fed were not met, as they maintained a neutral position. The central bank also announced a reduction in the pace of its Quantitative Tightening (QT) program.
⭐️ Personal comments NOVA:
Gold price in the SIDEWAY price range, the range ranges from $2260 - $2330, is still trending DOWN more.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2268- $2266 SL $2260
TP1: $2275
TP2: $2290
TP3: $2300
🔥SELL GOLD zone: $2334 - $2336 SL $2340
TP1: $2325
TP2: $2310
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
FOMC - ADP NF Gold price fluctuated strongly today⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) slightly increases to $2,288 during the Asian session on Wednesday. This is due to cautious market sentiment ahead of the Federal Reserve's monetary policy meeting. The US ISM Manufacturing PMI and ADP Employment Change will be released later in the day.
⭐️ Personal comments NOVA:
Gold price is completing a DOWN correction. Today with many important economic data such as: PMI, ADP - NF and FOMC will determine the Gold price trend in early May until 2024.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2260 - $2262 SL $2255
TP1: $2270
TP2: $2278
TP3: $2285
🔥SELL GOLD zone: $2324 - $2326 SL $2330
TP1: $2310
TP2: $2295
TP3: $2280
⭐️ 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
Prioritize the DOWN trend !! XAU DECREASE⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price continues its stagnant trend as it struggles to gain traction in the Asian market on Tuesday. The US Dollar benefits from the Federal Reserve's higher interest rates and persistent inflation signs, alongside diminishing Middle East tensions. However, the downside is limited as traders await cues about the Federal Reserve's rate-cut plans.
⭐️ Personal comments NOVA:
Price moves in a DECREASING triangle pattern. Wait for break 2328 and target to return to $2300 area
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2306 - $2304 SL $2298
TP1: $2310
TP2: $2318
TP3: $2325
🔥SELL GOLD zone: $2358 - $2360 SL $2365
TP1: $2350
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
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🔍Entry: 8.111
🛑Stop Loss: 8.323
🎯Take Profit: 7.898 - 7.637
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$2,300, adjusted expectations !!! XAU / USD ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) is trading lower at $2,335 early Monday in Asia. Persistent US inflationary pressures are raising uncertainty about upcoming Federal Reserve rate cuts. The Fed's interest rate decision on Wednesday will be a key event to watch.
⭐️ Personal comments NOVA:
According to weekly commentary - GOLD PRICE continues to be in the adjusted price range DOWN. Monday, there is not much motivation for price changes, the sideways are mainly in the $2300 - $2350 price range with a wide range.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2302 - $2300 SL $2295
TP1: $2310
TP2: $2320
TP3: $2330
Pay attention to the scalping price range
BUY GOLD ZONE: 2315-2317 SL 2312
TP: 30 - 50 - 100 pips
🔥SELL GOLD zone: $2353 - $2355 SL $2360
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
Gold price adjusts below $2,300 next week✍️ NOVA hello everyone, Let's comment on gold price next week from 4/29 - 5/3/2024
🔥 World situation:
Gold price falls as US inflation data exceeds expectations, dampening hopes of Fed rate cuts. Annual underlying inflation rises to 2.7% but slows from February's 2.8%. Monthly inflation in line with expectations. Positive for bond yields and USD.
🔥 Identify:
Gold price has formed the DOW theory and is in a FIBONACCY correction. Expect prices below $2,300 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: $2400, $2430, $2455
Support : $2284, $2212
🔥 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
Will the price of Gold continue to DECREASE or not?⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices made modest gains during the North American session on Thursday, increasing by over 0.5% after the release of important economic data from the United States (US). The GDP figures for the first quarter of 2024 fell short of expectations, leading to speculation that the US Federal Reserve (Fed) may reduce borrowing costs. However, there was a significant jump in inflation for the same period, which could delay the Fed's plans to lower interest rates.
XAU/USD is trading at $2,330 after rebounding from daily lows of $2,305, thanks to higher US Treasury yields resulting from a resurgence in inflation. Analysts had predicted that the US economy would slow down in 2024, but it missed the mark by a whole percentage point in Q1. This would maintain the narrative of a "soft landing," but underlying inflation for Q1 2024 increased by 3.7% QoQ, surpassing estimates and overshadowing the 2% recorded in Q4 2023.
⭐️ Personal comments NOVA:
Gold's DOWN correction wave is forming, FIBONACCY shows that wave 2 is developing.
Currently, the price continues to fluctuate sideways from $2300 - $2350
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2300 - $2302 SL $2295
TP1: $2315
TP2: $2330
TP3: $2345
🔥SELL GOLD zone: $2347 - $2349 SL $2355
TP1: $2340
TP2: $2325
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
Prioritize the DOWN trend - GDP news today⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold made some recovery on Wednesday after experiencing two consecutive negative sessions at the start of the week, as geopolitical risks subsided. Despite better-than-expected economic data from the United States (US), a strong US Dollar, and higher US Treasury yields, buyers of the precious metal took advantage of the recent dip. However, by the end of Wednesday, gold closed with a 0.25% loss.
The XAU/USD is currently trading at $2,317, down by 0.05%. The tensions in the Middle East appear to have eased after the exchange of fire between Iran and Israel. The expectations for a Federal Reserve (Fed) rate cut in June and July have dissipated, as many market participants now believe that the fed funds rate will be reduced for the first time in September 2024.
⭐️ Personal comments NOVA:
Price is moving sideways around the $2310 - $2330 range, but is trending DOWN. Predicting today's GDP news is good for the dollar, Gold continues to DECREASE in correction
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2270 - $2268 SL $2263
TP1: $2278
TP2: $2285
TP3: $2300
🔥SELL GOLD zone: $2339 - $2341 SL $2346
TP1: $2325
TP2: $2310
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
AUDJPY Short Trade Setup A #short trade opportunity recently presented itself on the #aussieyen (#AUDJPY) #trading chart 📉.
This is indicated by the #bearish harami candlestick 🕯️ pattern just below the 100.972 horizontal resistance level.
This indicates a rejection of the same level, with potential price move in the downward ⬇️ direction (#sell).
Sufficient downward momentum should see price dumping towards the 98.500 psychological level and possibly testing the strength of the 98.056 horizontal support level.
As always, please apply appropriate risk management.
Happy trading!
#crosspair
Gold is forming a correction rhythm ! Increase⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price fell slightly on Tuesday in the North American session due to a weaker-than-expected S&P Global Purchasing Managers Index (PMI) report. Despite the Greenback's weakness, buyers were unable to take advantage, while US Treasury yields declined. XAU/USD traded at $2,323, down 0.11%. The US 10-year Treasury yield remained steady at 4.402%, while US real yields, which have an inverse relationship with gold prices, dropped 0.41% to 2.192%, benefiting the precious metal.
⭐️ Personal comments NOVA:
Gold prices are showing a downward adjustment after a strong price increase in early April. They will continue to decrease after military tensions show signs of cooling down.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2283 - $2285 SL $2278
TP1: $2295
TP2: $2302
TP3: $2310
🔥SELL GOLD zone: $2347 - $2350 SL $2355
TP1: $2335
TP2: $2320
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
AAPL Apple and the DOJ Antitrust LawsuitAfter the previous price target was reached:
Warren Buffett has been a prominent supporter of Apple (NASDAQ: AAPL) in recent years. However, there is speculation that his enthusiasm for the stock may have diminished. In the fourth quarter of 2023, Berkshire Hathaway reduced its holdings in the tech giant.
This move occurred before the U.S. Department of Justice (DOJ) announced that it, along with 16 state and district attorneys general, was suing Apple for alleged violations of antitrust laws. The question now arises: Will Buffett continue to sell off Apple stock in response to the DOJ antitrust lawsuit — and should others consider following suit?
The complaint filed by the department in the U.S. District Court for the District of New Jersey outlined various allegations against Apple, including that the company:
- Prevented the availability of iPhone apps designed to facilitate easier transitions to alternative smartphone platforms for consumers.
- Hindered the advancement of mobile cloud streaming services enabling consumers to play video games without necessitating expensive smartphone hardware purchases.
- Excluded messaging apps on iPhones that seamlessly operate across different smartphone platforms.
- Restricted the capabilities of competitors' products in comparison to the Apple Watch.
- Constrained competing digital wallets by prohibiting apps from enabling users to utilize tap-to-pay functionality.
My price Target for AAPL is now $165.
BREAK 2360, Gold price adjusted DOWN⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) experienced a significant drop of over 2% on Monday, marking its largest daily decline since June 13, 2022. This decrease was primarily attributed to diminishing concerns about a broader conflict in the Middle East, which led to a reduced demand for traditional safe-haven assets. Additionally, the non-yielding yellow metal was dragged down below $2,300 levels, reaching a two-week low during the Asian session on Tuesday, due to decreased expectations of interest rate cuts by the Federal Reserve (Fed).
As a result of this recent decline, the price of gold has now corrected by more than 5% from its all-time high reached earlier this month. However, it is expected that any further decline in the price will be limited, as there is speculation that major central banks will implement interest rate cuts later this year. In light of this, traders may choose to adopt a more cautious approach and refrain from making aggressive bets, opting instead to wait on the sidelines ahead of this week's significant macroeconomic releases in the United States. These releases will commence with the flash PMIs on Tuesday.
⭐️ Personal comments NOVA:
Gold price dropped sharply, BREAK through the $2360 area, entering a corrective wave around the $2300 area
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2285 - $2283 SL $2278
TP1: $2295
TP2: $2302
TP3: $2310
🔥SELL GOLD zone: $2325 - $2327 SL $2332
TP1: $2315
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
XAUUSD Short Setup: Potential Sell Opportunity!We're eyeing a short opportunity on XAUUSD around the $2355-2360 range, where the price is expected to encounter resistance. This level coincides with the Fibonacci 0.50 retracement level, a key trendline test, and upcoming PMI news, suggesting a potential reversal. Heightened geopolitical tensions further support the bearish bias. Stay tuned for detailed analysis and trade insights!#XAUUSD #ForexTrading #ShortSetup #TechnicalAnalysis #GeopoliticalFactors #PMINews
GBPAUD → Trade Analysis | SELL SetupHello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPAUD
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Gold Shows Sell Signals Amidst DowntrendStay informed with our latest analysis of the XAUUSD market! Gold prices are currently trading around $2400, exhibiting a downtrend with sell signals. Recent price action has breached key support levels, with technical indicators like moving averages and RSI indicating selling pressure. Explore potential trading opportunities with our detailed analysis now!