Get started

Shortgoldusd

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
OANDA:XAUUSDShort
by Nova-Scalper
10
Gold to go to $700? #GOLDI know this will be controversial but I have noticed that there's a series of cups and spikes in this chart. The top of each cup always forms at approx 350% and each spike goes no more than 650%. We seemed to have reached the top at 650%. The bottom of the cups are always formed at approx 172% from the previous bottom of the cup. Looks like there may be a double top formed in gold and it has overshot and as a result, another cup is due to form on the line below where it has formed presently, satisfying the chart requirements of the top of the cup being at 350% and the bottom of the cup being at 172%. This would take gold price down to $650 / $700. My theory to support this chart pattern is that we have just had the largest quantitative easing in history. QE can devalue a currency. Inflation is lurking in the background and unemployment is teetering on a cliff edge due to furlough support. Interest rates have been unprecedentedly low for such a long time. In order to revalue currencies and combat inflation / stagflation, interest rates may have to surge. When the dollar rises, gold falls. I have also noticed that it has not entered an oversold period with the oversold stoch at 1.75 since 1996. I'm no chartist, I'm only a beginner, I am just merely sharing a pattern I have spotted.
TVC:GOLDShort
by UnknownUnicorn19720432
1