XAU ! 11/20 ! Gold sideways, holding above 2600XAU / USD trend forecast November 20, 2024
Gold prices (XAU/USD) continue their intraday retreat from the $2,642 level, a one-and-a-half-week high reached earlier on Wednesday, dropping to a new daily low during the early European session. The US Dollar (USD) gains support from dip-buying, fueled by a notable rise in US Treasury yields amid expectations of a more cautious approach to policy easing by the Federal Reserve (Fed). This shift in sentiment diverts investment flows away from the non-yielding yellow metal.
Gold price recovered, still maintaining above 2600, sideways price range 2600-2645
/// SELL XAU : zone 2629-2632
SL: 2637
TP: 50 - 100 - 300pips (2602)
Safe and profitable trading
Sellxauusd
Continue downtrend - target 2506 coming soon✍️ NOVA hello everyone, Let's comment on gold price next week from 11/18 - 11/22/2024
🔥 World situation:
Gold prices fell for the sixth consecutive day, heading for a weekly loss of over 4%—the steepest since September 2023. Federal Reserve Chair Jerome Powell's mildly "hawkish" remarks strengthened the US Dollar, reducing demand for gold. As of now, XAU/USD trades at $2,564, down 0.17%.
On Thursday, Powell stated that the Fed is not in a hurry to cut interest rates, citing a resilient economy, a robust labor market, and inflation still above the 2% target.
🔥 Identify:
The decline in gold will continue as money is being drawn to other opportunistic financial sectors, the decline could be prolonged, sending gold prices to 2500 or 2400.
🔥 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: $2590, $2610, 2645
Support : $2539, $2504
🔥 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 enters a long-term bearish-adjustment cycle⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) adds to last week's heavy losses and remains under some selling pressure for the second successive day on Monday. The US Dollar (USD) holds steady below a four-month peak touched last week in the wake of optimism over Donald Trump's anticipated expansionary policies and turns out to be a key factor undermining the commodity. Furthermore, President-elect Trump has vowed to cut corporate taxes, which remains supportive of the risk-on mood and contributes to driving flows away from the safe-haven precious metal.
Meanwhile, expectations that Trump's policies could spur economic growth and inflation and restrict the Federal Reserve's (Fed) ability to cut interest rates more aggressively keep the US Treasury bond yields elevated. This, in turn, exerts additional pressure on the non-yielding Gold price, though bets for further Fed rate cuts could offer some support. Traders might also opt to move to the sidelines ahead of this week's release of the latest US consumer inflation figures and speeches by influential FOMC members, including Fed Chair Jerome Powell on Friday.
⭐️Personal comments NOVA:
At the end of the year, there is almost no important news to help gold prices increase in 2024. The adjustment at the end of 2024 will cause gold to decrease.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2685 - $2687 SL $2692
TP1: $2678
TP2: $2665
TP3: $2650
🔥BUY GOLD zone: $2666 - $2664 SL $2659
TP1: $2672
TP2: $2680
TP3: $2690
⭐️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
Scalping XAU ! decreasing trend M15SCALPING XAU / USD
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Trump's win has raised questions about whether the US Federal Reserve might slow its pace of rate cuts, supporting the Greenback and pressuring USD-denominated Gold.
"The dollar and yield rally is weighing on gold, as rising real interest rates typically reduce demand for safe-haven assets," said Matthew Jones, precious metals analyst at London’s Solomon Global. "However, from a broader perspective, the outlook remains ‘as good as gold,’” he added.
⭐️Personal comments NOVA:
Trendline M15 - downtrend - break and retest sideway M15 XAU/USD
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2669 - $2671 SL $2674
TP1: $2664
TP2: $2658
TP3: $2650
⭐️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
XAU ! 11/11 ! XAU sideway , wait retest 2681XAU / USD trend forecast November 11, 2024! SCALPING
Gold prices saw their sharpest weekly drop in over five months as the US Dollar strengthened broadly and US Treasury yields surged after Donald Trump's presidential win. The "Trump trade" momentum keeps supporting the Greenback, adding pressure to gold prices for the second day on Monday, with equity markets maintaining a positive outlook.
Gold is still sideways around the price range of 2664 - 2675, waiting for a break and entering orders following the trend. Waiting for the retest range of 2681 to set up a SELL signal.
/// SELL XAU : zone 2681-2684 scalping
SL: 2687
TP: 40 - 80 - 150 pips (2669)
Safe and profitable trading
FED lowers interest rates! Gold recovers in the short term⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold (XAU/USD) faces challenges building on Thursday’s strong rebound from the 50-day SMA support near $2,643, with some selling pressure emerging in the Asian session on Friday. The US Dollar has regained strength, partly recovering from its recent slide, and a generally optimistic risk tone weighs on the safe-haven appeal of gold.
Meanwhile, the fading “Trump trade” and a lack of hawkish signals from the Federal Reserve keep US Treasury yields lower, potentially limiting USD bullish momentum and offering some support for gold. Traders are now focused on the upcoming Michigan Consumer Sentiment Index and Inflation Expectations for near-term trading cues.
⭐️Personal comments NOVA:
As expected by the market, the FED cut interest rates by 0.25%, bringing positivity and optimism to XAU in the short term. Currently, other financial sectors are starting to become vibrant again, and it will be very difficult for gold to compete. The downtrend will continue
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2727 - $2729 SL $2734
TP1: $2720
TP2: $2710
TP3: $2700
🔥BUY GOLD zone: $2668 - $2670 SL $2663
TP1: $2675
TP2: $2688
TP3: $2700
⭐️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
Scalping ! XAU ! Trendline Recovery 2678SCALPING XAU / USD
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
The US Federal Reserve’s policy decision on Thursday is in focus, with markets widely anticipating a 25 basis point rate cut, which could support gold by lowering the opportunity cost of holding non-yielding assets.
According to the CME FedWatch Tool, there is a 98.1% chance of this quarter-point cut in November.
⭐️Personal comments NOVA:
Trendline + DOW , Gold price recovered briefly - for the upcoming decline to 2606
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2668 - $2670 SL $2673
TP1: $2665
TP2: $2662
TP3: $2658
⭐️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
XAU! 11/6! Gold price down - soon to $2700XAU / USD trend forecast November 6, 2024
Gold price (XAU/USD) struggles to build on Tuesday's rebound from the $2,725-2,724 region, hovering between small gains and losses in Wednesday's Asian session. Rising demand for the US Dollar, fueled by exit polls showing Donald Trump leading in key swing states, poses a challenge for gold. Additionally, a strong rise in US Treasury yields and a risk-on market mood put further pressure on the non-yielding metal. However, expectations of heightened volatility around the US election results prevent traders from taking strong bearish positions, which should help contain any significant downside for gold.
After clearing the liquidity of the 2748-2750 price range, the gold price is still moving in the 2730-2745 price range. The election results will create a positive and optimistic financial market. The gold price cools down - drops to 2700
/// SELL XAU : zone 2742-2745
SL: 2750
TP: 50 - 150 - 300 pips (2715)
Safe and profitable trading
Short-term recovery for a stronger downward correction⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold (XAU/USD) sees new selling pressure during Tuesday’s Asian session, dipping to over a one-week low near $2,725-2,724, though the downside appears limited. The uncertainty around the tight US presidential election and potential escalation of Middle East tensions could keep supporting this safe-haven asset.
Additionally, the unwinding of "Trump trades" and expectations that the Federal Reserve may cut rates further due to a slowing US labor market have pushed US Treasury yields lower. This has prevented the US Dollar from extending its overnight recovery and may continue to limit any significant pullback in Gold prices.
⭐️Personal comments NOVA:
The downward adjustment trend still maintains the H1 and H4 frames. If you want a stronger decrease - a short-term recovery in the downtrend in the price range 2747 - 2761 is more expected. Current selling volume is slowing down due to support zones blocking it
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2748 - $2750 SL $2753 scalping
TP1: $2743
TP2: $2737
TP3: $2730
🔥SELL GOLD zone: $2762 - $2764 SL $2769
TP1: $2750
TP2: $2730
TP3: $2717
🔥BUY GOLD zone: $2716 - $2714 SL $2709
TP1: $2725
TP2: $2732
TP3: $2740
⭐️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
XAU / USD ! 11/4! Downtrend - correction continuesXAU / USD trend forecast November 4, 2024
Gold price (XAU/USD) sees modest gains around $2,740 during early Asian trading on Monday, breaking a two-day losing streak. Safe-haven demand for gold may rise due to uncertainties surrounding the US presidential election and Middle East tensions. The upcoming US presidential election on Tuesday is a key focus this week. Analysts at JPMorgan suggest that any decline in gold prices, regardless of the election results, could be a buying opportunity.
Gold price continues downtrend H1 - waiting for the US presidential election move and the decision to lower interest rates or not in November 2024
/// SELL XAU : zone 2747-2750
SL: 2755
TP: 50 - 120 - 200 pips (2730)
/// BUY XAU : zone 2717-2714
SL: 2709
TP: 50 - 120 - 200 pips (2734)
Safe and profitable trading
NF - the market becomes negative! XAU decrease⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) regain some ground on Friday, supported by uncertainty around the US presidential election and ongoing Middle East tensions, both of which increase demand for safe-haven assets.
However, rising US Treasury yields and a stronger US Dollar (USD) could weigh on Gold. Traders are awaiting Friday’s October employment data, including Nonfarm Payrolls (NFP), Unemployment Rate, and Average Hourly Earnings, for further direction. Strong results could reduce expectations for a softer policy approach by the Federal Reserve (Fed), potentially adding pressure on the non-yielding yellow metal.
⭐️Personal comments NOVA:
After yesterday's unemployment data - good for the dollar - gold fell sharply. This could be a sign of a major correction as important NF data is released today
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2762 - $2764 SL $2767 scalping
TP1: $2755
TP2: $2748
TP3: $2740
🔥SELL GOLD zone: $2788 - $2790 SL $2795
TP1: $2780
TP2: $2770
TP3: $2760
🔥BUY GOLD zone: $2712 - $2710 SL $2705
TP1: $2720
TP2: $2730
TP3: $2740
⭐️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
XAU ! 10/28 ! sideway move in trendlineXAU / USD trend forecast October 28, 2024
Gold price (XAU/USD) starts the new week with a slight bearish gap, unable to sustain Friday’s gains near $2,750. Persistent USD strength, supported by rising US Treasury yields and expectations of smaller Fed rate cuts, puts pressure on the metal. A positive risk sentiment also adds to the downward pull.
However, safe-haven demand from Middle East tensions and US election uncertainty limits further downside for gold. Traders may remain cautious and hold off on strong bearish positions ahead of key US data this week, including Q3 GDP, the PCE Price Index, and the Nonfarm Payrolls report.
On Monday, gold price moved sideways within 2 trendlines, waiting for NF news fluctuations this week.
/// SELL XAU : zone 2743-2746
SL: 2751
TP: 50 - 200 - 300 pips (2716)
Safe and profitable trading
Bearish pattern - XAU correction ! 2700⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices are recovering part of Wednesday’s decline from the record high of $2,759 early Thursday. The rebound is supported by a pause in the US Dollar's rise, as US Treasury bond yields stabilize ahead of the preliminary S&P Global US PMI data.
Gold is now awaiting the US PMI data for further direction. The slight pullback in the USD and yields is likely due to improving market sentiment in Asia after Wall Street's tech sell-off. US equity futures are also recovering, helped by Tesla Inc.’s positive earnings report, which provided some relief to investors.
⭐️Personal comments NOVA:
A HEAD AND SHOULDERS model is forming, long-term H2 frame RSI bearish divergence. Expect gold's correction to approach 2700 - 2680
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2763 - $2765 SL $2770
TP1: $2755
TP2: $2747
TP3: $2740
🔥SELL GOLD zone: $2739 - $2741 SL $2744 scalping
TP1: $2735
TP2: $2730
TP3: $2720
Note the support zone: 2680
🔥BUY GOLD zone: $2701 - $2703 SL $2696
TP1: $2710
TP2: $2718
TP3: $2725
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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
10/15 ! XAU continue SIDEWAY over $2640XAU / USD trend forecast October 15, 2024
Gold prices pulled back after reaching a daily high of $2,666 on Monday, as China’s stimulus measures failed to lift markets and the US Dollar continued to strengthen. XAU/USD is trading around $2,650, down 0.26%.
Weekend data showed China’s economy facing deflationary pressures, jeopardizing its 5% GDP target. In response, Finance Minister Lan Foan stated that the government will maintain stimulus efforts, support the property market, and increase state bank capital to stimulate the economy.
No important economic news this week - sideways time. Gold accumulates waiting for information on interest rates in November 2024
/// SELL XAU : zone 2659-2662
SL: 2667
TP: 50 - 100 - 200 pips (2642)
Safe and profitable trading
Gold recovers - touch TREND H2 - SELL NOWXAU / USD trend forecast October 11, 2024
Gold price (XAU/USD) pulls back slightly from a three-day high, trading around $2,640 in early European trading on Friday, though still up over 0.40%. A rise in US jobless claims indicated labor market weakness, allowing the Federal Reserve to continue cutting rates. This led to a slight drop in US Treasury yields and a softer risk tone, helping gold gain for a second day.
However, stronger-than-expected US inflation data reduced the chances of another large Fed rate cut in November, supporting the US Dollar and limiting gold's gains. Traders now await the US PPI, Michigan Consumer Sentiment, and Fedspeak for further direction.
Gold recovered - broke the downtrend H1. However, the larger frame H2 - H4 still shows that the correction is still continuing. While the market psychology is worried that there will be no further interest rate cut in November.
/// SELL XAU : zone 2652-2655
SL: 2660
TP: 50 - 100 - 300 pips (2625)
Safe and profitable trading
CPI ! Opportunity for gold price to fall below 2600⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) edged higher during the Asian session on Thursday, ending a six-day losing streak that brought it to a nearly three-week low. The US Dollar (USD) is in a consolidation phase as traders await the US Consumer Price Index (CPI) data release. This repositioning has provided some support to gold.
However, a significant rally in gold seems unlikely due to reduced expectations for aggressive rate cuts by the Federal Reserve (Fed), as highlighted by the September FOMC meeting minutes. Elevated US Treasury yields may continue to limit gains, requiring strong buying to signal the end of gold's recent corrective decline from its all-time high.
⭐️ Personal comments NOVA:
The long-term framework H1, H4 shows that sellers prevail - the downward correction will continue towards below $2600
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2583 - $2585 SL $2578
TP1: $2590
TP2: $2600
TP3: $2610
🔥SELL GOLD zone: $2649 - $2651 SL $2656
TP1: $2644
TP2: $2638
TP3: $2630
Pay attention to the trendline resistance area H1: 2633
⭐️ 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 ! Is this a sharp decline or correction?⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) dropped nearly 1.5% on Tuesday, reaching a three-week low but found support near the $2,600 level. The stronger US Dollar, driven by reduced expectations of a large Federal Reserve (Fed) rate cut, pressured the non-yielding gold. Additionally, news of a potential ceasefire between Hezbollah and Israel further weighed on the safe-haven metal, pushing it below $2,630.
However, the decline paused as traders await the release of the September FOMC meeting minutes on Wednesday, along with US inflation data (CPI and PPI) later this week, which will influence the Fed’s rate outlook. In the meantime, the subdued USD could help limit further losses for gold
⭐️Personal comments NOVA:
Gold price BREAK through the zone 2625 - 2671 - following a downtrend after news that the Chinese government has unfavorable policies for gold. Adjusted cadence is necessary
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2595 - $2597 SL $2590
TP1: $2602
TP2: $2610
TP3: $2620
🔥BUY GOLD zone: $2606 - $2604 SL $2601
TP1: $2610
TP2: $2615
TP3: $2620
🔥SELL GOLD zone: $2643 - $2645 SL $2650
TP1: $2635
TP2: $2620
TP3: $2610
⭐️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
Sideways ! The explosion is about to take place in October! XAU⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) stays under pressure during Tuesday’s Asian session, hovering just above the lower end of a short-term range. Investors are lowering expectations for a large interest rate cut by the Federal Reserve (Fed) in November, as the US labor market shows signs of strength, which weighs on gold.
Meanwhile, the US Dollar (USD) has retreated from its seven-week high hit on Friday, as traders await Wednesday’s FOMC meeting minutes. Additionally, key US inflation data, including the Consumer Price Index (CPI) on Thursday and the Producer Price Index (PPI) on Friday, will shape the outlook for Fed rate cuts and impact both the USD and gold.
⭐️Personal comments NOVA:
Frame H1 moves in the downtrend line, mainly sideways. Nova is inclined to reduce sideways to the 2624-2627 area to create liquidity and continue to increase. The long-term trend is still up
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2624 - $2626 SL $2618
TP1: $2635
TP2: $2650
TP3: $2672
🔥SELL GOLD zone: $2661 - $2663 SL $2666 scalping
TP1: $2655
TP2: $2648
TP3: $2640
🔥SELL GOLD zone: $2684 - $2686 SL $2691
TP1: $2678
TP2: $2670
TP3: $2660
⭐️ 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
Huge border jam XAU 2625 - 2671! wait for ADP-NF⭐️Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) dipped during early European trading on Wednesday, giving back part of the previous day's 1% surge, which was driven by escalating tensions in the Middle East. Concerns of a wider conflict rose after Iran fired ballistic missiles at Israel, increasing demand for the safe-haven asset. However, reduced expectations for aggressive rate cuts by the Federal Reserve (Fed) limited further gains for gold.
At the same time, the US Dollar held onto its recent recovery, supported by a resilient labor market, which also weighed on gold. Despite this, XAU/USD remains close to last week's record high, with the overall outlook still favoring bulls. Traders now await the US ADP employment report for direction, ahead of Friday's key Nonfarm Payrolls data.
⭐️ Personal comments NOVA:
Gold prices rose sharply after yesterday's war news - but fell sharply afterwards - moving within a large range awaiting this week's ADP-NF and NF data
⭐️ SET UP GOLD PRICE:
🔥 BUY GOLD zone: $2635 - $2637 SL $2630
TP1: $2645
TP2: $2660
TP3: $2672
🔥 BUY GOLD zone: $2620 - $2622 SL $2615
TP1: $2635
TP2: $2645
TP3: $2660
🔥 SELL GOLD zone: $2681 - $2683 SL $2688
TP1: $2670
TP2: $2660
TP3: $2650
⭐️ 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
XAU correction - market balance ! DOWN ✍️ NOVA hello everyone, Let's comment on gold price next week from 9/30 - 10/04/2024
🔥 World situation:
Gold dropped to a three-day low below $2,650 after the US Bureau of Economic Analysis (BEA) reported that September inflation is moving closer to the Federal Reserve's (Fed) target. Despite expectations for more Fed rate cuts, gold struggled as traders likely took profits. Currently, XAU/USD is trading at $2,657, down nearly 0.50%.
Earlier, the BEA announced that the Fed's preferred inflation measure, the Personal Consumption Expenditures (PCE) Price Index, showed progress toward the 2% goal in August. Core PCE also rose slightly compared to July’s data.
🔥 Identify:
Gold price completed 5 elliott waves, H4 frame uptrend. Waiting for gold correction chip to decrease in the near future
🔥 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: $2685, $2702
Support : $2643, $2628, 2571
🔥 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
XAU cumulative adjustment process !! wait NF ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) started the week slightly lower but remain within a recent trading range, close to last Thursday's record high. Tensions rose as Israel escalated conflict at its Lebanon border, increasing geopolitical risks in the Middle East. Additionally, news of Japan's Prime Minister Shigeru Ishiba planning a general election on October 27, alongside US political uncertainties, provides support for the safe-haven asset.
Dovish expectations from the Federal Reserve keep the US Dollar near its lowest point since July 2023, which may further support gold. However, a risk-on mood driven by new stimulus measures from China puts some pressure on XAU/USD. Despite this, the broader outlook favors potential dip-buying opportunities.
⭐️ Personal comments NOVA:
According to the H1 frame, the gold price is in two adjustment and downtrend lines, waiting for NF news this week
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2643 - $2641 SL $2636
TP1: $2650
TP2: $2655
TP3: $2662
🔥SELL GOLD zone: $2670 - $2672 SL $2677
TP1: $2663
TP2: $2657
TP3: $2650
⭐️ 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
ATH XAU ! 2645 ! Continuing uptrend⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) reached a new all-time high during Tuesday's Asian session but saw limited follow-through as traders await more clarity on the Fed's rate-cut plans. The focus is now on upcoming FOMC speeches and Friday's US PCE Price Index release.
Expectations for further Fed easing, which has limited the US Dollar's recovery after last week's large rate cut, support gold. Ongoing geopolitical tensions in the Middle East, US political uncertainty, and economic slowdown fears also continue to bolster demand for the safe-haven metal.
⭐️ Personal comments NOVA:
After yesterday's PMI news - gold price continued to positively increase, creating a new ATH. Today, the new ATH trend continues to increase slightly - then it needs to decrease to get liquidity - stabilizing the market
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2591 - $2589 SL $2584
TP1: $2600
TP2: $2610
TP3: $2620
🔥BUY GOLD zone: $2604 - $2602 SL $2599
TP1: $2610
TP2: $2618
TP3: $2625
🔥SELL GOLD zone: $2643 - $2645 SL $2650
TP1: $2630
TP2: $2615
TP3: $2600
⭐️ 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
XAU in correction range as it hits ATH 2600⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) gained traction during the Asian session on Thursday, breaking a two-day losing streak and halting the pullback from its recent record high. The US Dollar's recovery following the Federal Reserve meeting lost momentum after a brief rise, which supported renewed demand for gold. Additionally, concerns over potential economic slowdowns in both the US and China, along with escalating tensions in the Middle East, boosted the safe-haven appeal of gold.
However, the Federal Reserve signaled a cautious approach to large interest rate cuts, leading to a rise in US Treasury yields, which may limit further gains for gold. Traders are now awaiting key US economic data, including Jobless Claims, the Philly Fed Manufacturing Index, and Existing Home Sales, for additional direction.
⭐️ Personal comments NOVA:
Gold price completed the upward cycle reaching the expectation of $2,600 - within the H1 frame's downward cycle, moving within two H1 trend lines.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2531 - $2529 SL $2524
TP1: $2545
TP2: $2560
TP3: $2573
🔥SELL GOLD zone: $2575 - $2573 SL $2578 scalping
TP1: $2568
TP2: $2560
TP3: $2550
🔥SELL GOLD zone: $2583 - $2585 SL $2590
TP1: $2570
TP2: $2560
TP3: $2550
⭐️ 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