XAUUSD: Record highs continue to be set
Gold has once again created an all-time high, our main trade is still dominated by dips, focusing on the resistance below 2365, you can buy!
Today's rally to near 2400 has not seen a significant pullback, and our trading is just a scalp!
I will tell you the follow-up operation, if you want to follow me please join me!
Xauusdbuy
Gold prices rise strongly
Friends, what I have been suggesting in the past few days has been to go long at the right price. After the release of non-agricultural employment data, the price of gold was suppressed and there was a certain downward adjustment.
However, the trend of gold prices is upward, so after the impact of the news, the gold price surged, and now the gold price remains above $2,320.
It is consistent with my previous prediction, and it is also very important to grasp the rhythm of trading.
I wish you all good profits in your trading!
xauusd buy signalGold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Spot Gold shed some ground on Wednesday as the US Dollar got an unexpected boost from risk aversion XAU/USD losses, however, are modest compared to other USD rivals, as Gold benefited from its safe-haven condition.
Hell broke loose when the United States (US) reported stubbornly high March inflation. According to the Bureau of Labor Statistics (BLS), the Consumer Price Index (CPI) rose by 0.4% MoM and 3.5% YoY, surpassing expectations and ticking higher from February. Core annual inflation was up by 3.8%, matching February’s figure but above the 3.7% expected. The news sent the USD skyrocketing amid risk aversion, as the figures backed the Federal Reserve (Fed) case of keeping interest rates higher for longer.
gold now buy 2334
tp1 2342
tp2 2346
tp3 2350
tp4 2380
sl 2320
XAUUSD:Here comes the big short opportunity
Gold has risen again when the support is effective. Trading after a sharp rise like this is very simple. You can't go wrong by going short, because after a sharp rise, the indicators need to be repaired.
So if you want to trade, just go short and just pay attention to the support levels.
At present, the support is first around 2374, then around 2366, and then the 2362-2354 range.
The current gold situation has gone against the entire economic environment. It is possible that the main funds are taking the opportunity to boost shipments. Therefore, friends who are chasing bulls at high levels must pay more attention, do not be too greedy, and do a good job in risk management.
Because once they complete their goal, it is very difficult to return to this position again. Instead, a violent unilateral trend will occur when it falls.
$2400 becomes very close - Gold price rally continues⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) hit a record high near $2,390 during early Asian session on Friday due to market expectations of a US Federal Reserve interest rate cut. Chinese central bank's gold purchase and ongoing geopolitical tensions in the Middle East also contribute to the increase. Analysts predict that despite concerns about higher-than-expected inflation, the US Fed will still proceed with three 25-basis point rate cuts this year.
⭐️ Personal comments NOVA:
Gold price continues to increase strongly - breaking the resistance structure. In the context of the US economy, there are still many difficulties. Gold metal has become the top priority investment channel. Gold prices continue to reach new peaks this year
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2361 - $2359 SL $2354
TP1: $2370
TP2: $2378
TP3: $2390
🔥SELL GOLD zone: $2398 - $2401 SL $2405
TP1: $2390
TP2: $2380
TP3: $2370
🔥BUY GOLD zone: $2350 - $2352 SL $2345
TP1: $2361
TP2: $2370
TP3: $2378
⭐️ 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: $2400 is our Target| SetupsFx_| 09/04/2024XAUUSD started the week with the strong and continued bullish momentum which has been the case since last few weeks or months now. Currently we have two areas of entries as explained in the chart. Risk entry and Safe Entry take any which suits your risk management. Manage your capital always. Good Luck.
XAUUSD:11/04/2024 UPDATEDear Traders,
Gold have been consolidating since yesterday after the major news came out, however, in our view we think that gold has been recovering after the yesterday's news. Two areas that has huge potential first is entering with the current price movement. Or wait for the price to drop $2300 level and buy at the region targeting 1000 pips.
Gold price ATH - continues to increase✍️ NOVA hello everyone, Let's comment on gold price next week from 8/4 - 12/4/2024
🔥 World situation:
Gold reached a new all-time high, disregarding a strong US March Nonfarm Payrolls report that could delay rate cuts by the Federal Reserve. Despite the increase in US Treasury yields and the slight rise of the Greenback, gold's price remains influenced by factors like the US Dollar, geopolitical risks, and physical demand.
🔥 Identify:
The increase was so strong and stable, Gold price reached ATH 2330 this week. Next week sees economic data assessing core inflation CPI and PPI. Gold price still has the motivation to increase further, the Uptrend still dominates
🔥 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: $2360, $2380, $2400
Support : $2287, $2260, $2210
🔥 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 prices suddenly increased sharply on the weekend@All Last night GOLD created a new peak. As for me, I have a very careful analysis that if GOLD breaks through the 2346>2348 line, I will go Buy. Anyone watching can see that I texted that order very carefully. With GOLD price setting a new peak and tree D1 having a reversal phase from 2326>2379
>Today, all traders are watching to sell GOLD according to RSI around the 2395-2400 range
SL 2405
TP 2370-2380
Buying Momentum Gold is currently very high so I have not determined a specific entry point. Temporarily, Canh Sell's family has any reaction. I will update more 👌👌❤️❤️
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Following the inflation records, buyers wager that the Fed should begin slicing hobby prices at its assembly in overdue July. Gold is historically referred to as an inflation hedge however hobby prices better reduces the enchantment of protecting gold.
Meanwhile, records posted withinside the center of this week confirmed that purchaser fees withinside the US in March accelerated more potent than expected. According to the mins of the March coverage assembly, Fed officers additionally stated that it's far viable that the Fed will should postpone the timing of loosening economic coverage.
According to Invesco funding strategist Kristina Hooper, despite the fact that it can postpone the easing cycle till later this year, americaA Central Bank has made it clean that hobby prices will fall and that view is the primary cause why The excessive possibility fee of protecting gold can't prevent traders from leaping into the market.
Gold Holds Steady Amidst Strong Economic DataXAUUSD continues to hold steady even in the face of strong economic news. A range between 2366 and 2330 is being established, with buyers and sellers vying for lower price levels.
Today, the market awaits PMI and Initial Jobless Claims announcements. Yesterday, we saw CPI figures higher at 0.4% instead of the expected 0.3%, with inflation rates at 3.5%. This scenario, generally deemed unfavorable by the market, has bolstered the dollar. Gold has experienced some fluctuations, but the bullish camp persists in maintaining prices above 2330. It remains uncertain how long they will hold, with a series of crucial news events ahead.
Gold may test support levels as part of a correction, but given its high utility as a hedge asset amidst geopolitical and economic uncertainties, theoretically, gold may continue to thrive.
A price recovery is expected post-correction, touching the trendline and retesting the EMA 34,89.
XAUUSD:Short, target 2305
The CPI data released today was beneficial to gold shorts. Gold fell sharply and then quickly rebounded to around 2350. The resistance in this range is still very obvious.
At the same time, the 4h chart shape is not friendly to bulls. In the 30m chart, it is temporarily beneficial to bulls. The focus is still on observing the resistance in the 2346-2354 range. I suggest short orders as the main trading direction.
For small targets, you can first see the 2327-2321 support range, and for large targets, the 2305-2292 range.