Get started

Xautrade

filled GAP, sideway XAU monday⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: The US Dollar extended its recent four-week rally, reaching its highest level since July 30, as expectations grew for a more cautious rate cut approach from the Federal Reserve. The CME Group's FedWatch Tool shows that markets have almost fully priced in a standard 25 basis points rate cut by the Fed at its November policy meeting. Meanwhile, the latest poll suggests a close race between Vice President Kamala Harris and Republican nominee Donald Trump, with concerns mounting over deficit spending after the November 5 presidential election. ⭐️Personal comments NOVA: Sideway Gold price at the beginning of the week on Monday - in the price range 2717 - 2745 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2755 - $2757 SL $2762 TP1: $2748 TP2: $2740 TP3: $2730 🔥BUY GOLD zone: $2717 - $2715 SL $2710 TP1: $2725 TP2: $2733 TP3: $2740 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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:XAUUSDLong
by Nova-Scalper
4
3 possible gold movement depended on FED decisionsWeekly gold analysis 📝 Analysis: Gold in the past week! In the past week, gold has stopped following an uptrend as the 10-year U.S. Treasury bond, which rose nearly 1% in the last few days of the week, forced gold to pull back. Another reason for the decline in gold can be attributed to the rebound correction of the dollar index last weekend. But in relation to this week, The issue that analysts and big traders in the market have a consensus on is the risk and the possibility of slowing down the pace of interest rate hikes by the Federal Reserve. Over the past months, we have consistently seen extremely aggressive Federal Reserve policies. Aggressive increases in interest rates put pressure on the forex market. What we saw in both gold and cryptocurrency. But what is now apparent to traders are two issues 1. Slowing down the rate of inflation increases the speculation for the softening of the Federal Reserve's policies 2. Although inflation has not decreased significantly, we have seen decreases in the labor market Analysts and traders predict the possibility of the last cycle of interest rate hikes by the Federal Reserve We never trade based on probabilities, but we tell all the possibilities in order to have a correct view of the market and avoid ambiguous trades. So, according to the information mentioned above, we will be waiting for the Federal Reserve's monetary policy meeting on Wednesday, November 2, together with the big market traders. The results obtained from this meeting will give us a better view of the future of gold. 📉 Technical view: 🔸 $1620 is our strong support area and $1680 🔸 By technical point of view, if I am looking to buy gold, I'm waiting for the price of gold stabilize above the rate of $1,700 🔸 But Personally, We are looking for another sell opportunity at $1680 and $1700 levels, and for taking any long positions, fundamentally, We will only think about it when there is a clear change in FED policies. 📰 Important calendar events: This week, a higher print of China MANUFACTURING PMI could be a driver for starting the week and the hope of the market. And the highlighted events are US ISM MANUFACTURING PMI and JOLTS JOB OPENINGS(SEP) because they are predicted tools for Wednesday 2Nov FOMC STATEMENT and FED INTEREST RATE DECISION Any higher print could push down the gold and stocks
OANDA:XAUUSDShort
by Alisabbaghi
Gold short-term rise does not reduce the pressure of the FEDGold in the past week! The news of the Wall Street Journal and the possible intervention of the yen at the end of the week caused great fluctuations in the market and caused the gold market to turn green. The market is looking for clues about these fluctuations to make sure, it has the power to join these fluctuations or the news. The Wall Street Journal reported that some members of the Federal Reserve are considering slowing the pace of rate hikes after November as volatility and uncertainty grip financial markets. Therefore, many traders thought that it was the end of the Federal Reserve. This week’s calendar is full of important news. First, we have the meeting of the central bank of Canada ahead of which the markets expect an increase in interest rates, but there is a difference of opinion about the amount of this increase. Meanwhile, in Europe, a 0.75% increase by the European Central Bank is almost certain and now the emphasis is on the press conference. Finally, we come to the Bank of Japan, where all experts believe that there is currently no plan to increase interest rates. Considering the upward momentum of gold and the intervention of the Central Bank of Japan in the promissory note market, it is possible that we will continue to see growth in gold, but we do not suggest that you follow the gold market in order to buy. We are not yet at the end of the contractionary policy cycle and this could keep pressure on gold. The short-term rise of gold does not reduce the pressure of the Federal Reserve in the market. Although gold is at attractive prices, making it an attractive long-term buy, it will remain bearish in the short term as banks pursue monetary tightening policies and the Federal Reserve is not yet ready to turn around its policies, which supports the US dollar and will put pressure on gold. Big traders think of buying gold only when there is no more pressure from the Federal Reserve and the growth of the dollar, and the first signs of this should be followed by successive reductions in inflation. $1670 and $1680 is string resistance and $1620 is your support area
OANDA:XAUUSDShort
by Alisabbaghi
GOLD NEAR FUTURE PREDICTION(Dailychart)Technical Analysis Summary XAU/USD TREND ANALYSIS We have 1 Downtrend in yellow color I added only for explanation purposes to show where the downtrend was broken. We have 2 Uptrend in green color (Internal Uptrend and Long Term Uptrend) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels (ONLY FOR VISUALS). Yellow Levels are levels from my past ideas published or levels that were respected from the past. Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment If you find this content beneficial please don't forget to LIKE and FOLLOW Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
OANDA:XAUUSD
by husseindergham