Get started

Shortsetup

Slight decline at the beginning of the week for Gold⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices rise near $2,360 amid increasing Middle East tensions, benefiting precious metals. This week's focus is on the US CPI, PPI, and Retail Sales, potentially revealing economic and inflation trends. Last week, several Federal Reserve officials delivered hawkish messages; Atlanta Fed's Raphael Bostic ruled out interest rate cuts in 2024 due to high inflation while Minneapolis Fed's Neel Kashkari adopted a "wait and see" stance on future monetary policy. ⭐️ Personal comments NOVA: Gold price is in a short-term downtrend, creating force to go up stronger, expected level $2400 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2330 - $2328 SL $2323 TP1: $2336 TP2: $2342 TP3: $2347 🔥SELL GOLD zone: $2378 - $2380 SL $2385 TP1: $2370 TP2: $2360 TP3: $2350 ⭐️ 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
OANDA:XAUUSDShort
by Nova-Scalper
4
Gold heads below $2,300 ! XAU ⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Global gold demand growth is driven by increased over-the-counter market investment, continuous central bank purchasing, and heightened demand from Asian markets, especially China and India. This growth is reinforced by geopolitical tensions in the Middle East, leading to a preference for safe-haven assets like gold. Gold traders are anticipating fresh catalysts such as the US weekly Initial Jobless Claims due on Thursday and a speech by San Francisco Fed President Mary Daly. Dovish comments from Fed officials could stabilize gold prices for now. ⭐️ Personal comments NOVA: Gold price still moves in 2 trend lines, wide amplitude. There is still confidence that the Gold price needs to return to the entry area below $2,300. Long-term BUY in the H4 frame. The time for the FED to lower interest rates is getting closer and closer ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2270 - $2268 SL $2263 TP1: $2278 TP2: $2284 TP3: $2292 🔥SELL GOLD zone: $2349 - $2351 SL $2356 TP1: $2340 TP2: $2330 TP3: $2320 ⭐️ 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
OANDA:XAUUSDShort
by Nova-Scalper
2
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
OANDA:XAUUSDShort
by Nova-Scalper
5
Market Update - 7/5/24Crypto markets have so far shown resilience after what has been an eventful week to-date. On the 1st of May we witnessed Bitcoin trade below both the March and April lows, where we then saw four consecutive days of buying resulting in a 14% rally back to $64,500 USD. 👉The next few days will be key in understanding if the bulls will continue to show up, we provide some bullish and bearish scenarios to start the week below. There is little on the economic calendar this week, however we did see a very interesting print at the end of last week for the US labour market. Fear and Greed Index currently stands at 71. US Unemployment Rate Ticks Higher Last week, the US unemployment rate slightly missed expectations, coming in at 3.9% instead of the anticipated 3.8%. It's important to understand why this matters. An increase in unemployment could hint at a broader economic slowdown. Jerome Powell, the chairman of the Federal Reserve has previously mentioned that a weakening labour market might precipitate a change to interest rates and an overall easing of conditions from the current regime. Bullish Scenario Early this week, should the bulls hold their ground at the current ranges, we could see a push to the range midpoint of $66,000 USD. Bearish Scenario Failure to see the bulls hold the market here could then see prices retesting the bottom of this channel, which was reclaimed at the start of this month. This may result in Bitcoin moving back towards $61,000 USD.
by PHundal
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
OANDA:XAUUSDShort
by Nova-Scalper
4
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
OANDA:XAUUSDShort
by Nova-Scalper
8