XAUUSD: New highs continue to be refreshed, buy on pullbacksAs I said yesterday, gold will continue to rise if it does not fall below the rising trend line, and there will be a callback demand in the short term. The gold price fell from 2442 to 2430 and began to break through strongly, reaching a new historical high of 2482.
Judging from the current market trend, my view remains unchanged. The rising trend line will continue to rise if it is not broken. Today we will wait for the callback to 2465 to buy, with the target of the previous high of 2482 and 2500 integer marks.
Xauusdbuy
Wave 5 model Increases long-term frame H4! XAU ✍️ NOVA hello everyone, Let's comment on gold price next week from 7/15 - 7/19/2024
🔥 World situation:
Gold's price remained over $2,400 after dropping to a daily low of $2,391. The metal's value is predicted to rise for the third week amid speculation that the Federal Reserve may start easing in September. Despite higher-than-expected factory prices, the dollar didn't strengthen, benefiting gold. The XAU/USD stands at $2,415. June's Producer Price Index exceeded predictions while July's preliminary consumer sentiment reading from the University of Michigan declined, but inflation expectations have eased.
🔥 Identify:
Gold price moves in the final wave (wave 5) in the long-term bullish model H4. Target to break the highest peak of 2451 and create a new peak
🔥 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: $2422, $2450, $2466
Support : $2392, $2357
🔥 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
Will XAU hit new ATH in July ??⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
A failed assassination attempt on Donald Trump, a Republican candidate in the 2024 presidential election, increased his chances of winning and raised hopes for less regulation. This boosted investor interest in riskier assets and may limit the rise in the price of gold, which is considered a safe-haven. Additionally, the US dollar's modest strength, fueled by the belief that Trump's policies would increase government debt and inflation, will help keep the XAU/USD (gold price) in check.
⭐️ Personal comments NOVA:
The long-term framework still supports the increase in Gold prices - the FED has positive information for early interest rate cuts to help Gold prices gain momentum higher.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2392 - $2390 SL $2385
TP1: $2405
TP2: $2420
TP3: $2430
🔥SELL GOLD zone: $2449 - $2551 SL $2456
TP1: $2440
TP2: $2430
TP3: $2420
⭐️ 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
- The winner is the one who sticks with the market the longest
XAUUSD: Are We Heading Towards $3000?After looking at monthly price momentum, in our view price can create all time high and go beyond $2500 in long term. Most of the economic data suggests the future growth on Gold. In short term right now we are targeting $2500 region at first after that we can some short term price correction. There will be multiple good entries that market will present, the first one is at the current trading price. We will update the chart as we progress.
good luck ;)
XAUUSD: 750+ PIPS Possible Buying Opportunity! Dear Traders,
We have possible buying opportunity, price has made some correction starting in Asian market, which continued from London session. We are now looking for bullish volume to emerge within the market in New York Session. Our initial target are 2400$ and then 2450$.
Good Luck
The price of gold is about to continue to rise. Should I buy it?
OANDA:XAUUSD BINANCE:BTCUSDT MCX:GOLD1! COMEX:GC1! TVC:GOLD COMEX_MINI:MGC1! NYMEX:MCL1! NYMEX:WTI1! TVC:DXY BYBIT:BTCUSDT.P
There is a great buying opportunity for gold in the short term. From a technical point of view, there is a possibility of further rising in the short term. We need to pay attention to whether there is pressure at the position of 2337-2341. If the pressure is huge, sell it. If the pressure is not large, continue to wait for the target above 2350.
XAUUSD Gold Technical Analysis and Trade Idea👉🔍In this video, we closely examine XAUUSD Gold. Recently, Gold has experienced a strong bullish rally but now appears overextended and has reached a key resistance level. Given this overextended move, I'm looking for a buy opportunity on a Fibonacci retracement.
In the video, I share my insights on price action, market structure, and the trend. Remember, this content is for educational purposes only and not financial advice. Trading carries significant risk, so it's important to use responsible risk management strategies. 📊✅
Prioritize the Uptrend - XAU above $2400⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The US Dollar gains on Monday, reversing some recent losses and putting pressure on Gold prices for the second day. The Producer Price Index (PPI) rose by 2.6% in June, surpassing expectations of 2.3%. Political uncertainty following a failed assassination attempt on Donald Trump benefits the Dollar, but expectations of a dovish Federal Reserve may limit gains.
⭐️ Personal comments NOVA:
Gold price is maintaining an Uptrend above $2400 - accumulating in the price range 2400 - 2420. Optimism for the market is very high reaching a new ATH this year
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2392 - $2390 SL $2385
TP1: $2400
TP2: $2410
TP3: $2420
🔥SELL GOLD zone: $2422 - $2420 SL $2427
TP1: $2415
TP2: $2408
TP3: $2400
⭐️ 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
- The winner is the one who sticks with the market the longest
Gold Roadmap==>>15-minute time frameAfter announcing the CPI Indexes , Gold managed to break the Resistance zone($2,400-$2,376) and change the Gold scenario, and I expect Gold to create a new All-Time High(ATH) in the coming week.
Today, I shared with you the analysis in the 15-minute time frame .
According to the theory of Elliot waves , it seems that Gold has succeeded in completing microwave 4 of the main wave 5 .
I expect Gold to rise to at least $2,431 in the next hours or at the beginning of next week, and as I said, it will probably create a new ATH in the next week.
Gold Analyze ( XAUUSD ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
(XAUUSD) GOLD Mines Bullish Robbery Plan My Dear Robbers / Traders,
This is our master plan to Heist GOLD Mines based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Stop Loss : Recent Swing Low using 4h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
XAU/USD Longs from 2,380 back up (ATH Soon)My gold bias for this week is bullish. After observing a reaction off the 22-hour supply zone, I expect a further drop to complete a retracement to a nearby demand zone, likely the 16-hour or smaller zones below it.
Given my bullish outlook, I will be looking for buy opportunities. Once price reaches my demand level, I will wait for lower time frame confirmation to take it back up, potentially to the old all-time highs (ATH) or even higher.
Confluences for GOLD Buys are as follows:
- Price has broken structure to the upside and left a 16-hour demand zone.
- Price is near the old ATHs, which is a major liquidity point.
- The overall and current trend for gold is very bullish.
- The DXY is looking bearish, supporting the gold buy ideas.
P.S. If the price continues to rise without a retracement, I will wait for further price action to determine if I can sell down to a demand zone.
Gold will continue to increase after PPI news !! new peak⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
On Thursday, gold prices surged to their highest level since May 22, reaching the $2,424-2,425 region due to predictions of a Federal Reserve rate cut in September following a mild US inflation report. However, lack of sustained buying and a modest rebound of the dollar from a nearly three-month low caused some sell-off of the safe-haven metal during Friday's Asian session. The underlying positive sentiment in the equity markets also contributed to this trend.
⭐️ Personal comments NOVA:
Sentiment is very optimistic in the market after yesterday's CPI news - Gold prices maintain an upward momentum to close to the old all-time high
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2393 - $2391 SL $2388 scalping
TP1: $2397
TP2: $2400
TP3: $2405
🔥SELL GOLD zone: $2450 - $2452 SL $2457
TP1: $2440
TP2: $2430
TP3: $2420
⭐️ 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
- The winner is the one who sticks with the market the longest
XAUUSD: Under a strong rise, a pullback is a buying opportunityYesterday, I felt that CPI would fluctuate greatly, so I did not participate. In fact, it was true. It was sideways before the data, and rose directly from 2378 to 2425 after the data was released. The fluctuation range was very large.
With the significant positive CPI data yesterday, the gold price broke through the 2400-point integer mark in one fell swoop. From the daily chart, the bulls continued to have a strong upward momentum, so our trading strategy today can continue to be bullish.
From the previous high point of gold prices, the main pressure area is above 2430, so there is still room for gold to rise. Now the gold pullback is a buying opportunity, and the lower support is in the range of 2390-2397.
You can grasp the buying opportunity by yourself, and I wish you all good luck
Update gold price on important CPI dayGold Yesterday, after retesting 238x as I expected, there was a decrease to 237x.
Regarding the Main Trend, Gold I think can still continue to increase strongly.
Today everyone continues to refer to the Gold Buying Trend Plan around 2370>2374
SL 2368
City 2380>2388
If Gold retests the candlestick areas on the 238x or 239x area and shows good signs, I will update more.
--
Gold charge forecast
World gold charges accelerated withinside the context of the USD index falling. Recorded at 4:00 a.m. on July 11, americaA Dollar Index measuring the fluctuation of the dollar with 6 foremost currencies turned into at 104.6952 points (down 0.11%).
Gold charges accelerated withinside the context of Chairman of americaA Federal Reserve (FED) - Mr. Jerome Powell giving a speech earlier than the Financial Services Committee of americaA House of Representatives. He reiterated that the primary bank "stays absolutely targeted on its twin mandate of selling most employment and solid charges". The FOMC believes that "the dangers to reaching our employment and inflation desires are extra balanced."
The Fed Chairman additionally emphasised that the FOMC will keep to make choices at every meeting "after cautiously comparing enter facts and their effect at the improvement outlook, stability of dangers and exposure." suitable direction of financial policy.
Asked whether or not the Fed could want to look center PCE inflation fall beneath 2% at the least as soon as withinside the coming months earlier than thinking about a fee reduce, Mr. Powell disagreed.
When requested approximately the elements the FOMC wishes to recall to guide an hobby fee reduce in September, the Fed Chairman stated: "I didn`t deliver any alerts approximately a selected date. What we stated turned into "We need to have extra confidence. That way higher inflation numbers, that inflation is coming down sustainably to 2%."
Mr. Bart Melek - head of commodity marketplace method at TD Securities economic offerings company - stated that the marketplace believes that americaA Federal Reserve (FED) is possibly to begin reducing hobby rates. subsequent September. It is that this psychology this is definitely contributing to the contemporary situations of the gold marketplace
XAUUSD remains Bullish**Monthly Chart**
XAUUSD monthly candle closed as doji due to the sideway movement of this pair between High 2387.78 and low 2286.83 levels. This has created indecision bias in the market. However, due to geopolitics reasons, this pair has strong momentum to move higher in the next few months. Therefore, we shall assess this pair near supply and demand zones for better risk-to-reward trades.
**Weekly Chart**
Weekly candle closed as a bullish low test candle indicating that there is still a strong bullish directional basis towards 2369 level and then 2400 level.
**Daily Chart**
XAUUSD moved higher creating an engulfing candle after testing the demand zone suggesting a continuation of the bullish move. At least to test the high of the IPA around 2387 level. We might see a small retracement in lower time frames before the price pushes higher this week.
Gold in price increase range! Increase⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold's price is experiencing slight gains due to speculation that the US Federal Reserve may cut rates as early as September. Global political uncertainties also favor gold, a safe-haven asset. However, China's halt on gold purchases could lead traders to lessen bullish bets, as China is the largest gold consumer globally. Key upcoming events include Fed Chair Jerome Powell's testimony, speeches from Michelle Bowman and Austan Goolsbee of the Fed, and Thursday's US CPI inflation data release.
⭐️ Personal comments NOVA:
Gold price leveled off to create liquidity in the 2350 - 2375 area. Waiting for information from the FED on Tuesday and Wednesday, the uptrend is still dominant.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2341 - $2339 SL $2334
TP1: $2348
TP2: $2355
TP3: $2370
🔥SELL GOLD zone: $2382 - $2384 SL $2389
TP1: $2375
TP2: $2360
TP3: $2350
⭐️ 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
- The winner is the one who sticks with the market the longest
XAUUSD: W bottom has formed, bullish todayYesterday we successfully touched the TP of 2352 at 2365Sell. From the previous trend, it is not difficult to see that the support of 2352 is still very strong. It has been unable to be broken through 4 times, and this rebound has directly broken through 2365-2370. resistance, the market is turning again, and we must respond flexibly to follow the changes in the market.
From a technical point of view, the current gold price has formed a W-shaped double bottom structure at the 2352 line. This rise is very likely to reach the previous high position of 2393 again. Therefore, today's trading strategy is mainly bullish.
Here I give two bullish buying strategies:
The first radical point is to buy near 2370
The second conservative point is to buy near 2365
XAUUSD / GOLD Money Heist PlanMy Dear Robbers / Traders,
This is our master plan to Heist GOLD mine Robbery based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Stop Loss : Recent Swing Low using 2h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday
What opportunities are there for XAUUSD investors today?Gold currently I see there are 3 bearish candlesticks in the 235x area. Last night at 9 o'clock there was news that there had been a scan at both ends. Regarding the Trend, I see that gold is still on the Buy side. As for the reversal points, anyone who followed me yesterday saw the RSI Reversal zones very clearly.
Plan For Today I will still watch to Buy according to MA reactions around 2362>2366
SL 2358
TP 2372>238x
If Gold increases without breaking through 2372, I will consider selling lightly in this area according to the 2-peak model.
World gold price:
- Gold is often considered a safe asset in the context of economic instability. If RBNZ and the Fed express concerns about economic growth, gold prices could rise as investors seek safe havens.
- Economic instability often leads to an increase in demand for gold as a tool to protect value.
- If central banks (especially the Fed) are expected to raise interest rates, gold prices may come under downward pressure. Higher interest rates increase the opportunity cost of holding gold, because gold does not yield the same yield as other assets.
Chairman Powell's speech:
- The Fed Chairman will present monetary policy semi-annually to the House Financial Services Committee. This is an opportunity for Mr. Powell to update congressional members and the market on the US economic situation and the Fed's monetary policy direction.
- If Powell shows that the Fed will continue to raise interest rates to control inflation, the USD could appreciate due to expectations of higher yields.
- However, if he expresses concerns about economic growth and shows the possibility of maintaining or cutting interest rates, the USD may weaken.