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Bears return - pushing prices down at the end of the week⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) hovers near its all-time high after hitting a new peak in early European trading on Thursday. The surge follows US President Donald Trump's comments suggesting a potential trade deal with China. At the same time, geopolitical tensions rise as Trump claims Ukraine initiated the war with Russia and hints at repayment for US financial aid. Meanwhile, the Federal Reserve's January meeting minutes had little market impact, with only a few FOMC members favoring steady rates. Expectations for a possible rate cut in June remain intact. ⭐️ Personal comments NOVA: Gold price moves within the H1 trend line in the Asian session at the end of the week, selling pressure creates market liquidity, pay attention to important support zones: 2919, 2906 ⭐️ SET UP GOLD PRICE: 🔥 BUY GOLD zone: $2919 - $2921 SL $2916 scalping TP1: $2924 TP2: $2928 TP3: $2935 🔥 BUY GOLD zone: $2905 - $2907 SL $2900 TP1: $2915 TP2: $2922 TP3: $2930 ⭐️ 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
OANDA:XAUUSDShort
by Nova-Scalper
5
Attempt to find ATH again for the 3rd time - gold price down⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: US real yields, which move inversely to gold prices, rose 4.5 basis points to 2.086%, putting pressure on bullion. Fed Governor Christopher Waller expects President Donald Trump's new trade restrictions to have only a minor effect on prices. Meanwhile, Philadelphia Fed President Patrick Harker reiterated his support for steady interest rates, noting that inflation remains high and persistent. ⭐️ Personal comments NOVA: Gold returns to ATH 294x zone, 3rd attempt to create ATH but will continue to decrease, need more tax news in the near future ⭐️ SET UP GOLD PRICE: 🔥 SELL GOLD zone: $2942 - $2944 SL $2949 TP1: $2935 TP2: $2920 TP3: $2910 🔥 BUY GOLD zone: $2901 - $2899 SL $2894 TP1: $2906 TP2: $2915 TP3: $2925 ⭐️ 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
OANDA:XAUUSDShort
by Nova-Scalper
6
XAUUSD Trend in US Trading SessionGold News: 🔆US President Donald Trump has signed an order imposing reciprocal tariffs, saying: "Whatever tariffs they charge, we will charge." He added that there would be no tariffs if the product was made or manufactured in the United States and that tariffs on cars would soon follow in addition to steel and aluminum. This sent gold prices higher in Asian and European trading. 🔆The DXY index has fallen to its lowest level since January 27 and is showing signs of recovery. 🔆The World Gold Council (WGC) revealed that, following Trump's election victory, central bank gold purchases increased by more than 54% year-on-year to 333 tonnes, according to WGC data. Increased demand from central banks could put upward pressure on bullion prices. Personal opinion: 🔆US 10-year Treasury yield maintains intraday gain (0.44%) 🔆Expectations that the US Federal Reserve (Fed) will maintain a dovish stance and keep interest rates high for longer could drag the non-yielding yellow metal lower. 🔆RSI shows DXY is entering oversold territory, which could lead to a short-term decline in gold prices 🔆Recent economic data has been positive for the US economy, so traders will be watching the release of US Retail Sales for January today to decide on the appropriate strategy Plan: 🔆 Price Zone Setup: 👉Sell Gold 2968 -2970 ❌SL: 2975 | ✅TP: 2963 - 2958 – 2950 👉Sell Gold 2943 -2945 (Scalping) ❌SL: 2950 | ✅TP: 2938 - 2932 – 2925 👉Buy Gold 2905 -2907 ❌SL: 2899 | ✅TP: 2912 - 2918 – 2928
OANDA:XAUUSDShort
by FM-ForexMastermind
1
Correction down - gold under selling pressure⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The World Gold Council (WGC) reported that central banks bought over 1,000 tons of gold for the third year in a row in 2024. After Trump's election win, central bank gold purchases jumped by more than 54% year-over-year, reaching 333 tons, according to WGC data. Meanwhile, futures on money market Fed funds rates suggest the Federal Reserve is expected to cut rates by 38.5 basis points in 2025. ⭐️ Personal comments NOVA: Gold price recovered to the h1 trendline area, will continue to be under selling pressure, trading below 2900 ⭐️ SET UP GOLD PRICE: 🔥 SELL GOLD zone: $2923 - $2925 SL $2930 TP1: $2918 TP2: $2910 TP3: $2900 🔥 BUY GOLD zone: $2855 - $2857 SL $2850 TP1: $2862 TP2: $2870 TP3: $2880 ⭐️ 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
OANDA:XAUUSDShort
by Nova-Scalper
10
Gold short term recovery, bulls try⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: US real yields, which typically move opposite to gold prices, fell by four basis points to 2.039%, providing support for XAU/USD. Meanwhile, the World Gold Council (WGC) reported that central banks acquired over 1,000 tons of gold for the third year in a row in 2024. Following Trump’s election victory, central bank purchases soared by more than 54% year-over-year, reaching 333 tons, according to WGC data. ⭐️ Personal comments NOVA: Short recovery at the beginning of the week, still in the accumulation process, no important news, gold is not affected too much ⭐️ SET UP GOLD PRICE: 🔥 SELL GOLD zone: $2916 - $2918 SL $2921 scalping TP1: $2912 TP2: $2907 TP3: $2900 🔥 SELL GOLD zone: $2940 - $2942 SL $2947 TP1: $2930 TP2: $2920 TP3: $2910 🔥 BUY GOLD zone: $2878 - $2880 SL $2873 TP1: $2885 TP2: $2892 TP3: $2900 ⭐️ 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
OANDA:XAUUSDShort
by Nova-Scalper
2
What is the main driver of XAUUSD right now?Gold News: 🔆Senior officials from the US and Russia are scheduled to meet to explore ways to end the conflict in Ukraine. Although there is hope for a peace agreement between Russia and Ukraine, caution remains as decisions might be made without Ukraine and European leaders being involved. 🔆French President Emmanuel Macron called an emergency summit on Ukraine on Monday after reports suggested that Europe could be excluded from talks in Saudi Arabia this week, which aim to resolve the conflict. 🔆The cautious market mood has increased demand for the safe-haven US Dollar (USD), limiting gains in Gold prices. Moreover, US Federal Reserve (Fed) officials urging caution regarding inflation and interest rate cuts have supported the USD's rise along with US Treasury bond yields. 🔆On Monday, Fed Governor Michelle Bowman indicated that rising asset prices might have slowed the Fed's progress on controlling inflation. Similarly, Fed Governor Christopher Waller stated that inflation has decreased at a painfully slow pace over the past year and suggested that rate cuts might be appropriate in 2025 if inflation follows a similar trend in 2024. 🔆Meanwhile, the outcome of discussions between the Kremlin and Washington is expected to be the main market driver, particularly as US traders return after a long weekend. If the negotiations fail, increased risk aversion could boost demand for Gold as a safe-haven asset, potentially driving its price higher alongside the US Dollar. Personal Opinion: 🔆Trump and other countries' tariff policies have eased. The current concern is the developments surrounding the negotiations between the Kremlin and Washington. The USD is expected to strengthen and weaken the bullish momentum of Gold, and await the statements of President Trump Analysis: 🔆Based on important Resistance - Support zones and 200 EMA combined with consideration based on political developments Plan: 🔆 Price Zone Setup: 👉Buy Gold 2844 - 2846 ❌SL: 2839 | ✅TP: 2853 - 2860 – 2870 👉Sell Gold 2917 -2920 ( European session) ❌SL: 2926 | ✅TP: 2910 - 2902– 2890 👉Sell Gold 2943 -2945 ❌SL: 2951 | ✅TP: 2938 - 2930– 2930 FM wishes you a successful trading day 💰💰💰
OANDA:XAUUSDShort
by FM-ForexMastermind
3
ENTRY SELL - retest breakout 2907 Gold News: 🔆U.S. President Donald Trump has directed officials to develop plans for reciprocal tariffs on nations that tax U.S. imports, though he has not yet formally announced any duties. Additionally, Trump warned that tariffs on automobiles could take effect as early as April 2, heightening fears of a global trade war and providing support for XAU/USD. Meanwhile, as U.S. and Russian officials prepare for discussions in Saudi Arabia, Russian forces have intensified their assaults in eastern Ukraine, further increasing demand for gold as a safe-haven asset. Comment: 🔆SELL entry price zone, resistance zone 2907, in sideway price zone and accumulation Analysis: 🔆H1 frame, DOW formation, entry SELL resistance Plan: 🔆Price Zone Setup: 👉Sell Gold 2907 -2910 ❌SL: 2915 | ✅TP: 2900 - 2895– 2890 FM wishes you a successful trading day 💰💰💰
OANDA:XAUUSDShort
by FM-ForexMastermind
1
Gold Trends After Powell's Congressional TestimonyGold Market Update: 🔆On Tuesday, the key market event was Federal Reserve Chair Jerome Powell's testimony to Congress, which was less hawkish than expected and could weaken the U.S. dollar. 🔆Powell reaffirmed that no immediate policy changes are planned, maintaining the Fed’s 2% core inflation target. While he acknowledged that inflation remains elevated, he emphasized a patient approach to monetary adjustments. 🔆With Powell taking a neutral stance on interest rates and trade policy, the Fed is expected to keep rates steady at 4.25%-4.50% in March. 🔆Meanwhile, the U.S. 10-year Treasury yield remained firm at 4.55%, continuing its rebound from last week’s yearly low of 4.40%. Additionally, the Fed's sentiment indicator on the daily chart suggests a slight softening in the central bank’s previously hawkish stance. Technical Analysis: 🔆Using the RSI (1H) indicator in combination with trend lines and key resistance-support levels. Personal Outlook: 🔆The DXY index and U.S. 10-year bond yield are seeing slight gains, which could put downward pressure on gold prices. With Powell’s neutral stance, gold may experience a short-term decline after recently hitting all-time highs. Investors are also monitoring potential developments in Trump’s tariff policies and the ongoing Gaza conflict to adjust their strategies accordingly. Plan: 🔆 Price Zone Setup: 👉Sell Gold 2905 -2907 ❌SL: 2912 | ✅TP: 2900 - 2995 – 2987 👉Buy Gold 2869 -2871 ( Asian session) ❌SL: 2864 | ✅TP: 2875 - 2880 – 2890 👉Buy Gold 2833 -2835 ❌SL: 2827 | ✅TP: 2840 - 2850 – 2860
OANDA:XAUUSDShort
by FM-ForexMastermind
1
XAUUSD pair trend after US CPI newsGold News: 🔆Surge in US inflation dampens chances of Fed rate cut 🔆Solid US CPI could support dollar, ease tensions from Washington 🔆Federal Reserve Chairman Jerome Powell says policy needs to remain accommodative amid rising inflationary pressures and US President Donald Trump's tariff threats, signaling a more dovish Fed in the future Analysis: 🔆Based on rising trend lines combined with support-resistance zones and Fibonacci Plan: 🔆Price Zone Setup: 👉Buy Gold 2905 -2907 (European session) ❌SL: 2900 | ✅TP: 2912 - 2918 – 2925 👉Sell Gold 2943 -2945 ❌SL: 2950 | ✅TP: 2938 - 2932 – 2925 👉Buy Gold 2883 -2885 ❌SL: 2877 | ✅TP: 2890 - 2895 – 2900 Thank you for reading FM news.
OANDA:XAUUSDShort
by FM-ForexMastermind
1
The Next Trend of XauusdGold Trend Update: 🔆Gold has now dropped to 2882 and is recovering to 2895. 🔆RSI (1H) remains in strong sell zone Personal opinion: 🔆Markets are awaiting Fed Chairman Powell’s testimony in the next hour and the Fed is expected to take a hawkish stance. This signals increased dollar strength, so gold is likely to fall in the short term 🔆Note: Prioritize assessing the potential risks of tariffs on inflation and then monetary policy. Plan: 🔆Price Zone Setup: 👉Sell Gold 2899 -2901 ❌SL: 2908 | ✅TP: 2892 - 2886 – 29880 👉Buy Gold 2858 -2860 ❌SL: 2852 | ✅TP: 2865 - 2870 – 2875
OANDA:XAUUSDShort
by FM-ForexMastermind
1
Gold finds ATH price zone above 2880, sideways above 2835⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The People's Bank of China (PBOC) increased its gold reserves for the third consecutive month in January, supporting gold prices as China remains the world’s largest gold consumer. Reserves rose to 73.45 million fine troy ounces, up from 73.29 million in December. Economist David Qu from Bloomberg Economics noted that the PBOC is likely to continue diversifying its reserves amid growing geopolitical uncertainty. Meanwhile, US labor market data released on Friday indicated continued strength, which could delay Federal Reserve (Fed) rate cuts. The US added 143,000 jobs in January, below the expected 170,000, while the unemployment rate edged down to 4.0% from 4.1%. As a result, traders now anticipate only one Fed rate cut this year, potentially boosting the US Dollar and pressuring gold prices. ⭐️ Personal comments NOVA: Gold accumulates in a good growth price zone, around 2880 and adjusts sideways at the beginning of the week. ⭐️ SET UP GOLD PRICE: 🔥 SELL GOLD zone: $2884 - $2886 SL $2891 TP1: $2878 TP2: $2870 TP3: $2860 🔥 BUY GOLD zone: $2852 - $2854 SL $2849 Scalping TP1: $2858 TP2: $2863 TP3: $2870 🔥 BUY GOLD zone: $2831 - $2833 SL $2826 TP1: $2840 TP2: $2850 TP3: $2860 ⭐️ 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
OANDA:XAUUSDShort
by Nova-Scalper
2
NF - Will the BIG SELL happen or not?⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: China has imposed tariffs on select US goods in response to President Trump’s 10% levy on Chinese imports, escalating trade tensions between the world’s two largest economies and reinforcing demand for safe-haven gold. On the economic front, the US Department of Labor (DoL) reported that initial jobless claims rose to 219K for the week ending February 1, up from the previous week’s revised 208K. Meanwhile, US Treasury Secretary Scott Bessent stated that the Trump administration is less concerned about the Federal Reserve’s rate path and is instead focused on lowering 10-year Treasury yields. ⭐️ Personal comments NOVA: The market is too expecting a price increase - big FOMO will have high risks. NF news will shock the market today, BIG SELL will happen ⭐️ SET UP GOLD PRICE: 🔥 BUY GOLD zone: $2851 - $2949 SL $2845 scalping TP1: $2855 TP2: $2860 TP3: $2865 🔥 BUY GOLD zone: $2813 - $2811 SL $2806 TP1: $2820 TP2: $2828 TP3: $2835 ⭐️ 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
OANDA:XAUUSDShort
by Nova-Scalper
4
SCALPING ! GOLD ! Gold sideways - selling pressure pushes price ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: US President Donald Trump directed his administration to implement emergency 25% tariffs on Colombian imports. However, the tariffs were paused after Colombia agreed to fully accept all illegal migrants returned from the US. On Tuesday, Trump announced plans to impose tariffs on pharmaceutical and computer chip manufacturers, along with upcoming measures targeting aluminum and copper industries, with potential consideration for steel and other sectors. These actions reignited concerns over Trump's protectionist policies, raising fears of inflation. As a result, the yield on the 10-year US Treasury bond rebounded from a one-month low, strengthening the US Dollar and pressuring Gold prices. ⭐️Personal comments NOVA: Price is currently sideways - sellers have more advantage. Wait for SIDEWAY price zone, entry SELL 2745 ⭐️SET UP GOLD PRICE: 🔥 SELL GOLD zone: $2744 - $2746 SL $2749 TP1: $2740 TP2: $2735 TP3: $2730 ⭐️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
OANDA:XAUUSDShort
by Nova-Scalper
2
Gold falls on inauguration day of TRUMP⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Last week's softer-than-expected US inflation data could support Gold prices by fueling speculation of more than one rate cut by the Federal Reserve (Fed). Traders are now looking ahead to President-elect Trump's inauguration on Monday for insights into the executive orders he plans to issue. "Uncertainty surrounding the policies President Trump will implement has been one of the factors supporting Gold," noted David Meger, Director of Metals Trading at High Ridge Futures. Moreover, ongoing geopolitical tensions in the Middle East and the Russia-Ukraine conflict continue to drive safe-haven demand for Gold. According to The Guardian, the Russian military captured two additional settlements in eastern Ukraine's Donetsk region on Saturday, marking the latest progress in its westward advance. ⭐️Personal comments NOVA: Gold short term down around 2700 area, sideways and waiting for new economic policies of the trump administration ⭐️SET UP GOLD PRICE: 🔥BUY GOLD zone: $2678 - $2676 SL $2671 TP1: $2685 TP2: $2693 TP3: $2700 🔥SELL GOLD zone: $2716 - $2718 SL $2723 TP1: $2710 TP2: $2700 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
OANDA:XAUUSDShort
by Nova-Scalper
2
Correction Warning for Gold - Back Below 2700⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Initial Jobless Claims for the week ending January 10 increased to 217K, up from 201K the prior week and falling short of the 210K forecast. Recent inflation data and comments from Fed Governor Waller weighed on the US Dollar, as traders grew optimistic about an earlier rate cut. Waller suggested a rate reduction could be considered in the March meeting, noting that inflation is nearing the Fed's 2% target. Meanwhile, Chicago Fed President Austan Goolsbee expressed confidence in the labor market's stabilization during an interview with The Wall Street Journal. ⭐️Personal comments NOVA: Gold has completed its recovery to 2724, and the large sellers in this area will push the price back below 2700 before consolidating and rising again. This is consistent with the market awaiting the inauguration of President TRUMP. ⭐️SET UP GOLD PRICE: 🔥BUY GOLD zone: $2688 - $2686 SL $2681 TP1: $2695 TP2: $2702 TP3: $2710 🔥SELL GOLD zone: $2723 - $2725 SL $2728 Scalping TP1: $2718 TP2: $2713 TP3: $2705 🔥SELL GOLD zone: $2732 - $2734 SL $2739 TP1: $2725 TP2: $2710 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
OANDA:XAUUSDShort
by Nova-Scalper
1
Scalping ! sideway - accumulation below 2655⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: President-elect Donald Trump's planned tariffs and protectionist measures are anticipated to drive inflation and disrupt global trade, boosting demand for safe-haven assets like Gold. On Sunday, Ukraine launched an offensive in Russia's western Kursk region, where Russia’s Defense Ministry reported Ukrainian losses of up to 340 soldiers. Meanwhile, Israel's ongoing strikes on Gaza show no signs of slowing, and the Israeli military confirmed it has carried out operational raids in Syria amidst allegations of cease-fire breaches. ⭐️Personal comments NOVA: Sideway price range 2630-2655, gold price accumulates. Resistance 2655 waiting for correction ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2652 - $2654 SL $2657 scalping TP1: $2647 TP2: $2640 TP3: $2630 ⭐️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
OANDA:XAUUSDShort
by Nova-Scalper
3
XAU tries to recover above 2650 - January ,2025 ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold price (XAU/USD) inches higher during the Asian session on Tuesday, attempting to extend its rebound from the $2,615-2,614 zone seen on Monday, but with limited upward momentum. Market expectations that US President-elect Donald Trump's proposed tariffs and protectionist policies could fuel inflation support gold's appeal as a hedge against rising prices. Additionally, ongoing geopolitical tensions, including the prolonged Russia-Ukraine conflict and unrest in the Middle East, provide underlying support for the safe-haven asset. However, the outlook for slower interest rate cuts by the Federal Reserve (Fed) in 2025 continues to drive higher US Treasury yields, creating a headwind for non-yielding gold. Moreover, renewed demand for the US Dollar (USD) limits further gains for the yellow metal. Investors remain cautious, avoiding strong moves ahead of the release of the FOMC minutes on Wednesday and the US Nonfarm Payrolls (NFP) report on Friday. ⭐️Personal comments NOVA: Buyers and sellers are fighting over the price zone of 2600 - 2650, still maintaining accumulation today. ⭐️SET UP GOLD PRICE: 🔥BUY GOLD zone: $2615 - $2617 SL $2610 TP1: $2625 TP2: $2638 TP3: $2650 🔥SELL GOLD zone: $2647 - $2649 SL $2654 TP1: $2640 TP2: $2630 TP3: $2620 ⭐️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
OANDA:XAUUSDShort
by Nova-Scalper
2
SCALPING GOLD ! Downtrend trendline, confluence 2638⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: The US Dollar’s (USD) retreat from its highest level since November 2022, reached last Thursday, along with ongoing geopolitical risks and trade war concerns, may help cushion gold prices. Additionally, traders are likely to remain cautious and avoid taking strong positions ahead of key US economic data this week, including Friday’s Nonfarm Payrolls (NFP) report. Furthermore, the release of the December FOMC meeting minutes on Wednesday is expected to significantly impact USD trends and provide fresh direction for XAU/USD. ⭐️Personal comments NOVA: Downtrend at the beginning of the week, gold price formed a DOW bar on short-term M15, M30 frames. Waiting for retest entry to sell 2638 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2638 - $2640 SL $2643 scalping TP1: $2634 TP2: $2628 TP3: $2620 ⭐️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
OANDA:XAUUSDShort
by Nova-Scalper
1
End of 2024! Gold is still in a downtrend⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices (XAU/USD) remain steady on Monday after two days of losses, with trading volumes thin. The precious metal is poised to close the year with an impressive 27% gain, marking its best annual performance since 2010. This surge has been fueled by central bank purchases, escalating geopolitical tensions, and monetary easing measures by major central banks. Gold held its ground as markets absorbed signals of a hawkish Federal Reserve (Fed). Strong labor market data and stubborn inflation have led the Fed to project fewer rate cuts for 2025. This expectation contributed to a modest decline in Gold prices during the fourth quarter. ⭐️Personal comments NOVA: Gold moves around the 2600 price zone, ending the year here and the downtrend is dominant ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2617 - $2619 SL $2624 TP1: $2610 TP2: $2600 TP3: $2590 🔥BUY GOLD zone: $2584 - $2586 SL $2579 TP1: $2590 TP2: $2600 TP3: $2608 ⭐️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
OANDA:XAUUSDShort
by Nova-Scalper
6
XAU ! Gold down at the beginning of the week - SELL retest ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices (XAU/USD) rebound from recent losses seen in the previous session, though trading volumes remain lighter than usual on Monday ahead of the New Year holiday. The precious metal benefits from safe-haven demand as markets await updates on the US economic outlook under the incoming Trump administration and the Federal Reserve’s 2025 interest rate strategy. Expectations of potential trade tensions driven by Trump’s proposed tariffs and policies could boost risk aversion, increasing gold’s appeal. However, projections of fewer Fed rate cuts in 2025 may limit the upward momentum for the non-yielding metal. ⭐️Personal comments NOVA: The downtrend has been implemented by the bears, break H1, waiting for the price to continue to decrease to the 2600 area. ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2616 - $2618 SL $2621 scalping TP1: $2613 TP2: $2608 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
OANDA:XAUUSDShort
by Nova-Scalper
1
Gold in the new year 2025, continue SIDEWAY✍️ NOVA hello everyone, Let's comment on gold price next week from 12/30/2024 - 01/03/2025 🔥 World situation: Gold prices (XAU/USD) slip slightly in light post-Christmas trading, settling near $2,630 during the Asian session on Friday. Still, the safe-haven asset could gain support as markets await insights into the US economy under the incoming Trump administration and the Federal Reserve's 2025 interest rate plans. As a non-yielding asset, gold benefits from moderate US PCE inflation data, which challenges expectations of minimal Fed rate cuts next year and suggests the possibility of further easing. Its safe-haven allure is further reinforced by persistent geopolitical tensions, including the ongoing Russia-Ukraine war and unrest in the Middle East. 🔥 Identify: Gold continues SIDEWAY, market sentiment awaits new year 2025 and price trades above 2600 🔥 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: $2638, $2665 Support : $2607, $2597, $2584 🔥 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
SCALPING XAU ! Gold sideway trend DOWN⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: The US central bank indicated last week that it plans to ease the pace of interest rate cuts in 2025. This supports elevated US Treasury yields, helping the US Dollar (USD) maintain its strength near a two-year high, which limits gains for the non-yielding Gold price. With trading volumes thin, it seems wise to wait for sustained buying momentum before anticipating a continued recovery from the one-month low reached last week. ⭐️Personal comments NOVA: Gold sideways price range 2610-2620, H1 trendline downtrend ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2618 - $2620 SL $2623 scalping TP1: $2614 TP2: $2608 TP3: $2602 ⭐️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
OANDA:XAUUSDShort
by Nova-Scalper
2