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SIDEWAY gold! 2627 - 2660 competitive price range⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices (XAU/USD) pulled back from a one-week high on Monday, ending a two-day winning streak as the US Dollar (USD) strengthened. Investors no longer expect a significant rate cut from the Federal Reserve (Fed) in November, keeping US Treasury yields high and attracting investment away from the non-yielding gold. Additionally, disappointment over China's fiscal stimulus and weak inflation data over the weekend further dampened investor confidence, weighing on gold prices. However, ongoing geopolitical tensions in the Middle East helped gold find support above the $2,640 level during Tuesday's Asian session, limiting further losses. ⭐️Personal comments NOVA: The psychology of waiting for November interest rates was clearly shown this week. There is not much news announced, Gold price is sideways in the price range 2627 - 2660 ⭐️SET UP GOLD PRICE: 🔥BUY GOLD zone: $2636 - $2634 SL $2631 scalping TP1: $2642 TP2: $2650 TP3: $2655 🔥BUY GOLD zone: $2629 - $2627 SL $2622 TP1: $2635 TP2: $2642 TP3: $2650 🔥SELL GOLD zone: $2660 - $2662 SL $2667 TP1: $2650 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 - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
11
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
OANDA:XAUUSDShort
by Nova-Scalper
5
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
OANDA:XAUUSDShort
by Nova-Scalper
4
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
OANDA:XAUUSDShort
by Nova-Scalper
1
Sideway - little volatility on the first Monday of the week⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold price (XAU/USD) continues its decline for the fourth straight day, trading near $2,650 during early Monday’s Asian session. The stronger US Dollar, following Friday's upbeat Nonfarm Payrolls (NFP) data, is putting downward pressure on gold. The US added 254,000 jobs in September, exceeding August’s revised 159,000 and the market expectation of 140,000. The Unemployment Rate fell to 4.1% from 4.2%. These positive US data reduce hopes of deeper interest rate cuts by the Federal Reserve, boosting the USD and weighing on gold, which is priced in dollars. ⭐️Personal comments NOVA: There is not too much information and important economic news, sideway gold price on Monday at the beginning of the week: 2625 - 2660 ⭐️SET UP GOLD PRICE: 🔥BUY GOLD zone: $2628 - $2630 SL $2623 TP1: $2638 TP2: $2644 TP3: $2650 🔥SELL GOLD zone: $2670 - $2672 SL $2677 TP1: $2660 TP2: $2650 TP3: $2640 ⭐️ 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
Head and SouldersXRP retraced, settling itself at a lower low and a new resistance. A head and shoulders formed, signaling a rally short trade. I believe XRP will bounce and retrace, possibly dropping below $0.50. The previous head and shoulders from Nov 23 to Jan 24 caused XRP to dip below $0.50, and then it rallied after the dip. The previous head and shoulders formed in a 3-month window, identical to its recent head and shoulders that started at the beginning of July 2024. Support - 0.50 Resistance - 0.57 Momentum - Selling Fear & Greed Index (Binance) - Neutral 50 Bear vs Bull - Bearish Fundamental analysis: A major factor in the dip was a whale selloff at approximately 32% volume. Market sentiment appears mixed, with some analysts indicating that the current price movements reflect manipulation and uncertainty in the market.
BITSTAMP:XRPUSDLong
by LOWCO_487
6
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
OANDA:XAUUSDShort
by Nova-Scalper
7
EURJPY ! trendline + resistance ! SELL NOW ⭐️ Smart investment, Strong finance ⭐️ Personal comments NOVA: Frame H1 creates a trendline and resistance. Overbought has formed, setting up a SELL signal. Today, October 2, 2024, there is no important news for these two currencies ⭐️ SET UP EUR/ JPY PRICE: 🔥SELL zone: 159.600 - 159.800 SL 160.100 TP1: 159.300 TP2: 159.000 TP3: 158.000 ⭐️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
Short
by Nova-Scalper
4
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
OANDA:XAUUSDShort
by Nova-Scalper
3
XAU | USD! sideway downtrend 10/1/24XAU / USD trend forecast October 1, 2024 Gold price (XAU/USD) holds modest gains in early European trading on Tuesday but remains below last week's record high. Fed Chair Jerome Powell's hawkish remarks on Monday led investors to reduce expectations of aggressive rate cuts. This supported the US Dollar, which continues to recover from its lowest level since July 2023, creating a headwind for gold. Based on M30, price adjustment h1 frame, XAU down /// BUY XAU : zone 2624-2626 SL: 2618 TP: 50 - 100 - 150 pips (2639) Safe and profitable trading
OANDA:XAUUSDShort
by Moon-ForexAcademy
GOLD ! 9/30 ! down adjustmentXAU / USD trend forecast September 30, 2024 Israel escalated its conflict with Iran’s allies, the Houthis in Yemen and Hezbollah in Lebanon, launching airstrikes on Sunday and raising fears of a wider Middle East war. The Israeli Defense Forces reported targeting several locations, including power plants and a seaport in Yemen. In Lebanon, Israeli strikes killed Nabil Kaouk, the deputy head of Hezbollah's Central Council, marking the seventh Hezbollah leader killed in just over a week. Based on M30, price adjustment h1 frame, XAU down /// SELL XAU : zone 2664-2667 SL: 2672 TP: 50 - 150 - 300 pips (2637) Safe and profitable trading
OANDA:XAUUSDShort
by Moon-ForexAcademy
1
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
OANDA:XAUUSDShort
by Nova-Scalper
1
SasanSeifi|Is a Move Towards the 0.00800 Target on the Horizon?Hey there, ✌ BINANCE:BOMEUSDT In the 10-hour timeframe, as you can see, the downtrend line has been broken and the price is currently trading above the EMA60 and around the high of 0.0006700. The outlook is more bullish, and it is expected that after a minor correction and a possible pullback, or if the price breaks above 0.00680 with momentum and stabilization, it may rise towards the target of 0.00750 and the bearish order block level at 0.00800. To better understand the ongoing trend, we need to observe the price reaction at these levels. ⭕ The key support level is at 0.00600. This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
Long
by SasanSeifi
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
OANDA:XAUUSDShort
by Nova-Scalper
6
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
OANDA:XAUUSDShort
by Nova-Scalper
30
ATH XAU ! 2638 and adjusted DOWN⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold (XAU/USD) hit a record high on Monday, driven by a weaker US Dollar and expectations of deeper Federal Reserve rate cuts. Geopolitical tensions in the Middle East are also boosting demand for safe-haven assets like gold. Traders are watching the US Purchasing Managers Index (PMI) data, due later Monday. A stronger-than-expected result could strengthen the USD, potentially pressuring Gold prices. ⭐️ Personal comments NOVA: Buying pressure is still strong - wait for new ATH areas: 2638 then steadily reduce liquidity below ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2603 - $2601 SL $2596 TP1: $2610 TP2: $2620 TP3: $2630 🔥SELL GOLD zone: $2638 - $2640 SL $2645 TP1: $2630 TP2: $2615 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 - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
8
New ATH XAU above 2630 next week✍️ NOVA hello everyone, Let's comment on gold price next week from 9/23 - 9/27/2024 🔥 World situation: Gold prices surged past $2,600 to a new record high, fueled by expectations of further rate cuts from the Federal Reserve (Fed) and rising tensions between Israel and Hezbollah. XAU/USD is trading at $2,621, up 1.37%. Risk aversion is evident as Wall Street's major indices posted slight losses. Fed Governor Christopher Waller supported a 50-basis-point rate cut, expecting low August PCE inflation data. 🔥 Identify: FOMO to create new ATH for XAU is still very large - continue to expect higher price zones next week, before the market corrects again. New ATH target: 2643-2665 🔥 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, $2650, 2665 Support : $2584, $2558, 2529 🔥 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
Bearish - weekend correction after reaching ATH $2600⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) gained for the second consecutive day on Friday, approaching the record high reached after the Federal Reserve's significant interest rate cut earlier this week. The Fed also hinted at more cuts, weakening the US Dollar and supporting gold. Concerns about economic slowdowns in the US and China, along with geopolitical tensions in the Middle East, further boost gold’s appeal. However, the global stock market rally limits strong gains for the safe-haven metal, keeping upward momentum in check during the Asian session. ⭐️ Personal comments NOVA: Gold price reached ATH this week: 2600, In the context of many concerns about the impending economic recession - the psychology of waiting will cause gold prices to quickly adjust downwards. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2580 - $2578 SL $2573 TP1: $2588 TP2: $2595 TP3: $2603 🔥BUY GOLD zone: $2567 - $2565 SL $2560 TP1: $2573 TP2: $2580 TP3: $2590 🔥SELL GOLD zone: $2613 - $2615 SL $2620 TP1: $2600 TP2: $2585 TP3: $2560 ⭐️ 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
11
FOMC! The most important news in September 2024⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) found support from buyers during the Asian session on Wednesday, halting the previous day's pullback near record highs. Expectations of aggressive rate cuts by the Federal Reserve have kept the US Dollar from fully recovering, helping to support gold prices. Additionally, concerns over potential conflict escalation in the Middle East and political uncertainty in the US ahead of the November elections continue to boost the safe-haven appeal of gold. However, investors are likely to remain cautious ahead of key central bank meetings this week. The Fed will announce its decision on Wednesday, followed by the Bank of England on Thursday and the Bank of Japan on Friday, which could drive market volatility and impact gold prices. ⭐️ Personal comments NOVA: Gold price decreased slightly - sideway around 2560-2590 before FOMC, Lower interest rates brought positivity to XAU. Waiting for the new ATH to reach 2603 and then drop sharply to gain liquidity below ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2564 - $2562 SL $2557 TP1: $2570 TP2: $2580 TP3: $2590 🔥BUY GOLD zone: $2545 - $2547 SL $2540 TP1: $2550 TP2: $2560 TP3: $2570 🔥SELL GOLD zone: $2603 - $2605 SL $2610 TP1: $2595 TP2: $2580 TP3: $2570 ⭐️ 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
Downward adjustment rhythm before FOMC ! XAU down ⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) slipped during the Asian session on Tuesday, halting a three-day rally to record highs. Repositioning ahead of the Federal Open Market Committee (FOMC) meeting helped the US Dollar recover from its yearly low, pressuring gold. However, expectations of a more aggressive rate cut by the Federal Reserve may continue to support gold. Concerns over China's economic slowdown, US political uncertainty, and ongoing geopolitical risks in the Middle East may limit further losses for the safe-haven asset. Traders are likely to stay cautious ahead of key central bank meetings this week, including the Fed's decision on Wednesday, followed by the Bank of England and Bank of Japan later in the week. ⭐️ Personal comments NOVA: Gold price decreased - adjusted before news of FOMC interest rate cut tomorrow. The Uptrend creating ATH is still highly likely to come ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2549 - $2547 SL $2542 TP1: $2555 TP2: $2570 TP3: $2580 🔥BUY GOLD zone: $2530 - $2528 SL $2523 TP1: $2540 TP2: $2550 TP3: $2560 🔥SELL GOLD zone: $2602 - $2604 SL $2610 TP1: $2590 TP2: $2580 TP3: $2570 ⭐️ 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