Shortxauusd
PPI news !! Gold prices continue to fall ??⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The general expectation is that the US central bank will maintain the existing conditions and keep interest rates unchanged after their two-day meeting on Wednesday. As a result, the focus of the market will be on the accompanying monetary policy statement and the updated economic projections. Following this, there will be a press conference held by Fed Chair Jerome Powell, which will be closely analyzed for any confirmation of a shift in policy stance. Currently, the markets are anticipating the possibility of at least four 25 basis point rate cuts by the Fed in 2024. Therefore, if there is a more cautious approach, it will put significant pressure on the US Dollar and cause an upward movement in the price of Gold, which does not yield interest.
⭐️ Personal comments NOVA:
Both technical factors and economic data are not supporting the uptrend of Gold, still under SELL pressure.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $1964 - $1966 SL $1956
TP1: $1970
TP2: $1978
TP3: $1985
Note the price resistance zone: SELL 1994-1996
🔥SELL GOLD zone: $2006 - $2004 SL $2015
TP1: $1995
TP2: $1982
TP3: $1970
⭐️ 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
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
26/6 GOLD? limited upside potentialThe US Dollar has seen some modest strength, which is helping to limit the rise of the XAU/USD. In addition, Federal Reserve Chair Jerome Powell, during his recent testimony, emphasized that the central bank plans to raise interest rates gradually to combat high inflation. Powell also stated that rate cuts are not expected in the near future and that the Fed will wait until they are confident that inflation is moving towards the target of 2%. As a result, US Treasury bond yields have increased, providing some support for the US Dollar and potentially keeping the price of Gold in USD from rising significantly.
Gold price today is fluctuating around the $1920 mark. The price range is not high
SELL zone : $1930 - $1935 SL 1945
Using 2 moving averages EMA 34, EMA 89 parallel to the stiff resistance areas at $1930 - $1935 and $1954 - $1957
GOLD 22/6 $ prices stabilized after the Fed newsGold prices remained relatively unchanged on Thursday, but were still recovering from four consecutive days of decline. The market was cautious due to the uncertainty surrounding the Federal Reserve's upcoming decision on interest rates, which affected traders' confidence in the precious metal.
Yesterday, bullion prices briefly dropped to their lowest point in three months, breaking a period of stability. This occurred after Jerome Powell, the Chair of the Federal Reserve, testified before the House Financial Services Committee of Congress, suggesting that interest rates may need to be increased in order to control inflation.
Gold price on June 22, 2023 fluctuated at $ 1932, narrow band sideways continuation $1915 - $1957
Consider entering orders today:
SELL zone: $1947 - $1950, sl $1960
Based on technical analysis indicators EMA 34, EMA 89 combines with a strong resistance at $1950 area
GOLD 21/6!! A slight recovery after the fallThe price of gold (XAU/USD) remains at a low point for the week, recovering from a three-day decline near $1,937. Investors are getting ready for an important event this week, which is the bi-annual testimony of Fed Chair Jerome Powell. It's important to mention that negative news about China, along with the Federal Reserve's hawkish stance and positive data from the United States, are keeping the bears in the XAU/USD market optimistic.
Expect a slight recovery of the downtrend on June 20. But the downtrend is still dominant
Can SELL price range $1946-$1950, SL 1960
Based on 2 technical indicators EMA 34, EMA 89 combined with the MACD, it shows that the 9 EMA crosses the upward signal line, showing divergence.
XauUsd - Gold Sell Idea...am not sure about NFP but from last 10 months its Positive.. and for today surely i want to see it positive again.. On D1 its on Strong Resistant Area getting Rejections from that zone.
Lets hop for Bearish..
Dont be fool and Remember Money Management is the only way to stay safe
Kindly Like it and do Comment your analysis to support me.
GOLD OTW TO WAVE 5 FROM CURRENT WAVE 4. BELOW 1600 ON CARD?For this set up, I have defined the invalidation level. It is the high of wave 2 (1735.03). If this set to is about to be true then we have ended wave 4 (yesterday high 1729.41 according to the chart I am using here). And we could be otw to wave 5 which wave 5 usually inverse fibo retracement 123.6-161.8% of wave 4 (1587-1543).
Wish u all have a good trade.
ZSL SHORT SILVER with an INVERSE ETFZSL provides a short play on silver as an ETF using futures diversified for times to expiration.
At present, it has a strong up and scores a 6/8 by the Mark Minervini criteria.
A Doji candle a few days ago signaled the end of a brief pullback and so an entry point.
XAGUSD as shown on the thick red line is trending downward.
The RSI oscillator in conjunction with its IIchimoku Cloud shows strong RSI candles
above the cloud.
All in All, ZSL provides yet another way to play the weakness in silver similar
to DUST for the spot gold price action .
peace ? gold goes downas we can see there is a lot of power and pressure from sellers you can see in 1h timeframe that how easily they break such important levels red lines are daily key levels and blue zones are our present resistance levels there is a lot chance that gold continue to falling every peacefull contracts and dealings get this precious metal under dollar even now that iran and usa are negotiating about their contract it seems they have their effects right now whatever there is a lot of power from bears and sellers just look how easily they break key levels with those clean candlestick patterns
please if you guys have any ideas cm for me
Short XAU/USDI feel like I'm posting the same analysis all over again. The market has been soooo slow this week, although still in line with previous post. I just want to reassure that bias is still bearish in favour of dollar strength. EUR/USD had a major collapse and still going -> refer to my monthly analysis posted a couple weeks back. XAU/USD has been holding on for its dear life, I feel like inevitable collapse is pending, with a guaranteed TP at 1700, and a potential for a much bigger move. I could be wrong. What are your views?