Scalping XAU! 30/11 sideway adjustment DOWN⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) is struggling to gain momentum in early European trading on Thursday. It is currently consolidating its recent strong gains, reaching its highest level since May 5th, which was achieved the previous day. Traders are showing hesitancy and are choosing to wait for the release of the key inflation data from the United States (US) before making any new bets on the direction of the market. The US Personal Consumption Expenditures (PCE) Price Index is scheduled to be released later during the North American session and may have an impact on the Federal Reserve's (Fed) future policy decisions. This, in turn, will influence the demand for the US Dollar (USD) and provide substantial motivation for the non-interest-bearing precious metal.
⭐️ Personal comments NOVA:
Currently, the price is sideways around the 2035-2045 area. To overcome the 2050 resistance area, several downward corrections are needed before there is enough force for the next price increase
⭐️ SET UP GOLD PRICE:
🔥SELL GOLD zone: $2041.5 - $2043.5 SL $2047 Scalping
TP1: $2037
TP2: $2034
TP3: $2029
⭐️ 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
Sellxauusd
Scalping XAU! 28/11 Accumulate price range⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
There appears to be limited potential for any significant downward movement in the price of Gold, as it is increasingly recognized that the Federal Reserve (Fed) has concluded its efforts to tighten monetary policy. Additionally, the markets have already factored in the likelihood of multiple interest rate cuts in 2024. As a result, US bond yields and the value of the US dollar are expected to remain restrained. Furthermore, concerns regarding a global economic downturn and a generally weaker performance in European stock markets should provide some support for the safe-haven appeal of precious metals. Considering these factors, bearish traders should exercise caution ahead of the release of important inflation data from the US this week.
⭐️ Personal comments NOVA:
The price is still accumulating sideways before continuing to overcome the 2020 resistance area
⭐️ SET UP GOLD PRICE:
🔥SELL GOLD zone: $2016 - $2018 SL $2021
TP1: $2012
TP2: $2008
TP3: $2005
⭐️ 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
Continue to adjust and accumulate short-term! XAU⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) has recovered some of its losses as the US dollar (USD) continues to decline in the early Asian session on Friday. No economic data was released from the US on Thursday. Currently, the gold price is trading at around $1,992, with no change throughout the day.
Moving forward, gold traders will be closely monitoring the US S&P Global PMI data on Friday. It is expected that the Manufacturing PMI will decrease from 50 to 49.8, while the Services PMI is estimated to ease from 50.6 to 50.4. Traders will be paying attention to these figures in order to identify potential trading opportunities based on the gold price.
⭐️ Personal comments NOVA:
Today's PMI news is not expected to have much impact on Gold prices too much. Gold price is still in the process of adjusting and accumulating to enter the strong resistance zone of 2005-2010.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $1973 - $1975 SL $1968
TP1: $1985
TP2: $1997
TP3: $2008
🔥SELL GOLD zone: $2008 - $2010 SL $2017
TP1: $2000
TP2: $1990
TP3: $1980
⭐️ 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
Bank holiday! Slowly today XAU⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The recovery in the price of gold (XAU/USD) has lost its momentum after pulling back from $2,006 earlier in the Asian session on Thursday. The positive US consumer sentiment report has led to an increase in US Treasury yields and a stronger US Dollar, which has attracted some sellers of the yellow metal. Market activity remains subdued as the United States prepares for the Thanksgiving Day holiday on Thursday. Currently, the price of gold is trading around $1,990, showing a slight increase of 0.02% for the day.
At the same time, the US Dollar Index (DXY), which measures the value of the USD against a basket of six major currencies, is hovering around 103.88. The yields on US Treasury bonds are also rising, with the 10-year yields climbing by 4.40%. This upward movement in yields puts pressure on gold as investors see US Treasury yields as a more attractive investment compared to non-yielding metals.
⭐️ Personal comments NOVA:
Today is BANK holiday in the US market. There will not be much fluctuation today, the price is mostly sideways and in a cumulative correction
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $1980 - $1982 SL $1977 Scalping
TP1: $1985
TP2: $1988
TP3: $1991
🔥BUY GOLD zone: $1968 - $1970 SL $1960
TP1: $1980
TP2: $1988
TP3: $1995
🔥SELL GOLD zone: $1994 - $1997 SL $2001
TP1: $1988
TP2: $1975
TP3: $1968
⭐️ 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
Scalping XAU! Slight adjustment after Unemployment Claims news⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The USD Index (DXY), which monitors the performance of the US dollar against a group of currencies, continues to rebound from its lowest point since August 31st, which was reached on Tuesday following the release of the hawkish Federal Open Market Committee (FOMC) meeting minutes. In fact, policymakers reiterated their commitment to maintaining higher interest rates for an extended period and tightening further if efforts to control inflation prove insufficient. This, combined with the recent inability to sustain momentum above the significant $2,000 level, is discouraging bullish investors from initiating new positions in gold.
⭐️ Personal comments NOVA:
Unemployment Claims data shows good signs for the dollar. At the same time, Gold prices need to have a downward adjustment rhythm to create more liquidity. Price will decrease first and then continue to increase
⭐️ SET UP GOLD PRICE:
🔥SELL GOLD zone: $2003 - $2005 SL $2008 Scalping
TP1: $2000
TP2: $1996
TP3: $1993
⭐️ 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
Slight adjust today, still in an uptrend⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) is attracting buyers and has surpassed the $2,000 mark in the early hours of Asian trading on Wednesday. This increase in demand for the precious metal is driven by the decline in US Treasury bond yields and the weakening of the US dollar (USD).
According to the minutes of the November Federal Open Market Committee (FOMC) meeting, all participants agreed that policy decisions would continue to be based on the complete set of incoming information. They also deemed it appropriate to maintain the target interest rate within the range of 5.25% to 5.5%.
⭐️ Personal comments NOVA:
After yesterday's strong price increase, surpassing the 2000 mark. Prices will tend to adjust slightly to gain liquidity before continuing to a new peak this year.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $1980 - $1982 SL $1975
TP1: $1990
TP2: $2000
TP3: $2010
🔥SELL GOLD zone: $2015 - $2017 SL $2023
TP1: $2008
TP2: $2000
TP3: $1990
⭐️ 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:17/05 After last night's news, the downward trend continuesTVC:GOLD Gold prices (XAU/USD) showed some buying interest after falling below 1990 during the Tokyo session. The precious metal has seen some recovery as the US Dollar Index (DXY) is struggling to extend its rally above 102.75. Gold price has yet to develop a strong uptrend as it needs to pass more filters to gain traction.
Gold price analyzed the breakdown of the Rising Channel chart pattern formed on the four-hour scale, however, the breakdown needs to pass some more filters. An intermediate resistance is drawn from the May 5 low of 1999.55. The 10-period exponential moving average (EMA) sloping down at $2,000 is hindering the Gold bulls.
The Relative Strength Index (RSI) (14) has slipped into a bearish 20.00-40.00 range, which suggests more bearishness to come.
SELL GOLD 2002- 2005
Stoploss: 2010
Take profit 1: 2000
Take profit 2: 1995
Take profit 3: 1985
GOLD 16/05 : Nice sell entryTVC:GOLD Gold prices push the lower line of a two-month-old bullish channel as XAU/USD traders brace for key US Retail Sales and debt ceiling negotiations among US policymakers.
However, the 200 SMA adds strength to the $2000 support, making it key for the XAU/USD bears to break before taking control.
Even if Gold prices drop below 2003$, the 2,000$ round figure could act as an additional filter south before heading XAU/USD towards mid-April lows around 1,975$ .
On the downside, a two-week-old descending resistance line, around 2,025$ at press time, protects the Gold price rally in the short term.
Following that, the previous monthly high near 2,050$ could test XAU/USD's upside momentum before directing the bulls to the recent record high near 2,085$.
It is worth noting that the top line of the stated bullish channel, near 2,095$ at the latest, stands ahead of a round figure of 2,100$ to challenge the subsequent Gold buyers.
Overall, Gold price is likely to move higher unless it sustains a breakout of 2,000$.
SELL GOLD zone 2024 - 2029
Stoploss: 2034
Take profit 1: 2019
Take profit 2: 2014
Take profit 3: 2009
GOLD: What is the price of gold tomorrow?TVC:GOLD Gold prices remain low around $2,000 as it searches for fresh clues to extending its three-week downtrend, especially after posting its first weekly loss in three weeks. In doing so, the yellow metal portrays market anxiety amid concerns about the US debt ceiling, as well as banking concerns. However, the unclear calendar and mixed updates from the Federal Reserve (Fed), as well as US government officials, have pushed XAU/USD lower ahead of important events/data of this week.
Gold price depicts a bearish triangle formation on the Daily chart, currently between $2,030 and $2000. That said, bearish signals from the Moving Average Convergence and Divergence (MACD) indicator, as well as the steady Relative Strength Index (RSI), set at 14, also give see the next downtrend in XAU/USD.
However, a clear break of the 2000$ support becomes necessary for Gold to move towards its theoretical target of around 1,900$.
Canh SELL GOLD vùng giá 2022-2025
Stoploss: 2030
Take profit 1: 2017
Take profit 2: 2012
Take profit 3: 2006
GOLD 11/05: Scalp ahead of tonight's PPI newsTVC:GOLD Gold prices increased their bid to refresh the intraday high near 2,035$ early Thursday, reversing the previous day's retracement from a one-month-old horizontal resistance. Precious metals benefit from broad US Dollar weakness.
The XAU/USD pair maintains a neutral to bullish view in the daily chart. The pair is growing above all of its moving averages, although the 20 Simple Moving Average (SMA) has lost its positive momentum, currently hovering around 2,010$.
The 4-hour chart shows that XAU/USD holds above the bearish 20 SMA, while the longer moving averages are not below it. Technical indicators head south but remain neutral, not enough to confirm another drop. Gold could extend its decline, but buyers are likely to reappear around 2,026$ as the US Dollar's current strength may be temporary.
BUY GOLD 2026 - 2030
Stoploss: 2022
Take profit 1: 2033
Take profit 2: 2037
Take profit 3: 2043
SELL GOLD 2045 ́2048
Stoploss: 2052
Take profit 1: 2040
Take profit 2: 2035
Take profit 3: 2025
Gold market commentary on February 17, 2023Gold prices were little changed by the end of Thursday’s trading session, but the yellow metal extend its recent losing streak during Friday’s Asia-Pacific trading session. The anti-fiat yellow metal is now on course to sink over 2 percent this week. In fact, the 5.25% drop so far in February is shaping up to be the worst month since June 2021.
This week in particular, prices have been wobbly since the aftermath of Tuesday’s US inflation report. For January, the country saw unexpectedly higher CPI data, opening the door to a still-hawkish Federal Reserve. The reason why this matters is that markets have been slowly unwinding expectations of a rate cut pivot towards the end of this year.
XAU/USD Daily Chart
XAU/USD continues to decline after confirming a breakout under the 20- and 50-day Simple Moving Averages (SMA). That is setting up prices for further losses as the 38.2% Fibonacci retracement level at 1828 is being tested. Falling under the latter exposes the midpoint at 1787. Otherwise, a turn higher has immediate support as the 50-day SMA.
Trading recommendation:
Buy soup at the price range 1823 - 1820
Stop Loss: 1816
Take profit 1: 1835
Take Profit 2:1844
Take profit 3: 1850
Canh sell at the price range 1847 1846
Stop loss 1850
Take profit 1: 1840
Take profit 2: 1835
Take profit 3: 1830
Note: Always set TP and SL in all trading cases
Sell XAUUSDLooking to sell Gold around 1833 resistance. The main outlook on Gold was always bearish observing monarch pattern on big timeframe W&M. Now we see a clearer trend which we can use to track movement closely. Fundamentally, there isn’t anything going on to push the price of Gold up. Let’s see how it goes