11/13 ! Gold recovered slightly, then continued to fall.XAU / USD trend forecast November 13, 2024
Gold prices fell below $2,600 on Tuesday, marking their lowest level since mid-September as the US Dollar Index (DXY) surged to a six-month high. Rising US Treasury yields further pressured gold, with XAU/USD trading around $2,599, down 0.77%.
Investors are closely watching former President Donald Trump's victory and his initial cabinet appointments, which could signal his policy directions on tax cuts, tariffs, and immigration.
Gold price will be sideways, stabilizing below 2650 to continue the downtrend at the end of 2024
/// SELL XAU : zone 2625-2628
SL: 2631
TP: 50 - 100 - 150pips (2613)
/// SELL XAU : zone 2649-2652
SL: 2657
TP: 50 - 200 - 300pips (2622)
Safe and profitable trading
Buygold
Waiting for 2575 ! DOWN trend, strong supportSCALPING XAU / USD
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
The US Dollar extended its post-election rally, reaching its strongest level since early July, which weighed heavily on Gold prices on Monday. Expectations of Trump's expansionary policies and corporate tax cuts are seen as inflationary, reducing the likelihood of aggressive monetary easing by the Federal Reserve. This continues to support the Greenback.
⭐️Personal comments NOVA:
Continued downtrend - waiting for support at 2575 for gold to recover
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2575 - $2577 SL $2570
TP1: $2585
TP2: $2600
TP3: $2620
⭐️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
XAU! 11/11! sideway beginning of the week, below $2700XAU / USD trend forecast November 11, 2024
Gold prices (XAU/USD) extend last week's significant losses, staying under selling pressure for a second consecutive day on Monday due to continued strength in the US Dollar (USD). Optimism about Donald Trump's proposed expansionary policies supports the USD near its four-month high from last week, which in turn weighs on gold prices.
Gold price sideways at the beginning of the week, price range 2660 - 2690 , in a downtrend, buyers try to keep the price against selling pressure from the market
/// BUY XAU : zone 2656-2653
SL: 2648
TP: 50 - 150 - 200 pips (2673)
Safe and profitable trading
XAU! 11/7! retest 2680 area to get liquidityXAU / USD trend forecast November 7, 2024! SCALPING
Gold prices (XAU/USD) decline for the second straight session on Thursday, weighed down by a stronger US Dollar following former President Donald Trump's election win.
The precious metal faces selling pressure as safe-haven demand wanes, with market optimism rising on the back of “Trump trades.” With the presidential outcome now clear, the markets are less concerned about a contested result, contributing to the bearish sentiment around gold.
Gold prices mostly sideways before the FOMC meeting tonight: 2650 - 2670
/// BUY XAU : zone 2661-2658 scalping
SL: 2655
TP: 40 - 80 - 150 pips (2673)
Safe and profitable trading
wait NEW ATH 2771 ! positive from the market XAU ⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Expectations of a more moderate rate cut by the Federal Reserve and concerns about deficit spending after the US election should help support US bond yields and the USD. Additionally, a positive sentiment in global equity markets is keeping Gold prices in check. Investors also appear cautious ahead of key US data releases this week, including the Advance Q3 GDP, PCE Price Index, and Nonfarm Payrolls (NFP) report.
⭐️Personal comments NOVA:
Break trendline H1 - buyers push the price to continue waiting for a new ATH in the near future at 2771
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2771 - $2773 SL $2778
TP1: $2765
TP2: $2750
TP3: $2740
🔥BUY GOLD zone: $2742 - $2739 SL $2735
TP1: $2750
TP2: $2760
TP3: $2771
⭐️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
2787 ! ATH XAU heading in today⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) reach a new record high during Wednesday’s Asian session as US election uncertainties and ongoing Middle East conflicts drive demand for safe-haven assets. Additionally, a slight drop in US Treasury yields and a softer USD further support the precious metal, outweighing the upbeat market sentiment, which would typically limit Gold's appeal.
⭐️Personal comments NOVA:
The uptrend continues to maintain - positive from the market before the November 5 US presidential election. Aiming for the price range 2787 - 2800
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2787 - $2789 SL $2792
TP1: $2783
TP2: $2778
TP3: $2770
🔥SELL GOLD zone: $2801 - $2803 SL $2808
TP1: $2795
TP2: $2780
TP3: $2760
🔥BUY GOLD zone: $2755 - $2757 SL $2750
TP1: $2762
TP2: $2770
TP3: $2780
⭐️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
XAU! 10/31! FOMO price increase continues $2800XAU / USD trend forecast October 31, 2024
Gold prices reached a record $2,790 in the North American session as uncertainty surrounding the US Presidential Election keeps investor demand high. Strong US economic data, reflecting steady growth and a solid jobs market, limited further gains in the metal. XAU/USD currently trades at $2,785, up 0.40%, just below the all-time high after rebounding from a daily low of $2,771. Meanwhile, US Treasury yields dipped as investor optimism grew around the Fed's soft-landing outlook.
The FOMO of the end of 2024 price increase is becoming extreme - gold becomes the top active investment asset right now. We will see the highest ATH in the end of 2024, then cool down and give market share to other types.
/// SELL XAU : zone 2798-2801
SL: 2806
TP: 50 - 200 - 300 pips (2771)
Safe and profitable trading
$2802 ! New ATH heading to XAU⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) trade within a narrow range in the Asian session on Thursday, consolidating recent record highs. The US Dollar (USD) finds some support as it recovers from a corrective slide, fueled by strong economic data and expectations of a gradual rate-cut approach by the Federal Reserve (Fed). Rising US Treasury yields, spurred by fiscal deficit concerns, and slightly overbought technical conditions limit further gains for Gold.
Traders are cautious, awaiting the release of the US Personal Consumption Expenditure (PCE) Price Index and the Nonfarm Payrolls (NFP) report on Friday for insights into the Fed's rate trajectory. Despite these factors, any significant pullback for Gold remains unlikely amid continued safe-haven demand driven by US election uncertainty and Middle East tensions.
⭐️Personal comments NOVA:
still a short-term and long-term uptrend - next target $2802, FOMO from the market may last all week before the November 5 election
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2802 - $2804 SL $2809
TP1: $2795
TP2: $2780
TP3: $2770
🔥BUY GOLD zone: $2757 - $2755 SL $2750
TP1: $2762
TP2: $2770
TP3: $2780
⭐️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
XAU ! 10/30 ! Bulls dominate - continue to make ATHXAU / USD trend forecast October 30, 2024
Gold opened the week slightly lower, down 0.15%, pressured by rising US Treasury yields as markets gear up for significant US economic data that could influence the Federal Reserve’s policy direction. Traders are also watching the November 5 US election closely, with FiveThirtyEight showing Trump's odds at 52%, versus 48% for Vice President Kamala Harris, though she maintains a narrow lead in most national polls.
Strong uptrend - helping gold reach highest ATH 2782. Uptrend maintained going forward - Higher ATH: 2787 - 2800
/// SELL XAU : zone 2800-2803
SL: 2808
TP: 50 - 200 - 300 pips (2773)
Safe and profitable trading
XAU ! 10/29 ! Continue the uptrend, wait new ATHXAU / USD trend forecast October 29, 2024
Gold price (XAU/USD) rises to the $2,757-2,758 range in the Asian session on Tuesday, approaching last week’s record high. Continued safe-haven demand due to Middle East tensions and US election uncertainties supports the metal, while falling US Treasury yields keep the USD under pressure, adding to gold's appeal.
The uptrend is still going on - optimistic sentiment in the market makes gold still a priority investment before the US presidential election
/// SELL XAU : zone 2769-2772
SL: 2777
TP: 50 - 200 - 300 pips (2742)
Safe and profitable trading
10/25 ! XAU ! stable trading above 2720XAU / USD trend forecast October 25, 2024
Gold prices rose on Thursday as falling US Treasury yields drove demand for safe-haven assets. Increased tensions in the Middle East and concerns about the US election are supporting gold. At the time of writing, XAU/USD is trading at $2,734, up 0.72%.
Despite improved risk appetite, as seen in Wall Street's positive performance, US labor market data remains strong, contrary to the Federal Reserve's projections, which prompted a 50 basis point rate cut in its last meeting to avoid over-tightening.
Gold price is stable, sideways after a strong increase at the beginning of the week, sideways in the price range of 2720 - 2758
/// SELL XAU : zone 2756-2759
SL: 2764
TP: 50 - 200 - 300 pips (2728)
/// BUY XAU : zone 2710-2713
SL: 2705
TP: 50 - 200 - 300 pips (2740)
Safe and profitable trading
XAU ATH before the US presidential election✍️ NOVA hello everyone, Let's comment on gold price next week from 10/28 - 11/1/2024
🔥 World situation:
Gold prices hold steady late in the North American session before the weekend, rising 0.18% after reaching a record high of $2,758 on Wednesday. Heightened Middle East tensions and uncertainty around the upcoming US elections are steering traders toward the safe-haven metal, with XAU/USD currently trading at $2,740.
Geopolitical issues have overtaken US economic data as the primary influence on gold’s movement. Tensions remained high Friday between Israel and Hezbollah near the Israel-Lebanon border, with Israeli officials reporting that around 45 missiles were launched by the group.
🔥 Identify:
Short-term sideways adjustment in the price range of 2710-2750, gold price continues to expect to reach a new ATH before the US presidential election
🔥 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: $2759, $2782, $2805
Support : $2708, $2680
🔥 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
2765 ! Expected next ATH price range⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
US bonds saw a sell-off on Monday, which TD Securities analysts attributed partly to increasing odds of a Trump victory in prediction markets.
Meanwhile, Fed officials made statements on policy. San Francisco Fed President Mary Daly expressed support for continued rate cuts, while Kansas City Fed President Jeffrey Schmid took a more cautious approach, favoring smaller cuts and describing the labor market as stabilizing rather than weakening.
⭐️Personal comments NOVA:
Huge buying force - continues to create new ATH every day. Fomo is close to the US presidential election day. The long-term framework all supports the continued Uptrend
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2765 - $2767 SL $2772
TP1: $2758
TP2: $2750
TP3: $2740
🔥BUY GOLD zone: $2730 - $2728 SL $2723
TP1: $2740
TP2: $2750
TP3: $2760
⭐️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
XAU ! 10/22 ! maintain the uptrend 2755XAU / USD trend forecast October 22, 2024
Gold price (XAU/USD) gains momentum on Tuesday, approaching its all-time high as the European session nears. Ongoing uncertainty around the November 5 US presidential election, risks of a wider Middle East conflict, and expected rate cuts from central banks continue to support gold as a safe-haven asset.
A slight dip in the US Dollar also boosts demand for gold, but expectations of modest rate cuts by the Federal Reserve, which keep US Treasury yields elevated, could limit further USD weakness and act as a barrier for additional XAU/USD gains amid slightly overbought conditions.
H1 long term frame is still supporting the upcoming uptrend - breaking 2740 and hitting new ATH coming soon
/ // BUY XAU : zone 2727-2724
SL: 2719
TP: 50 - 100 - 300 pips (2754)
/// SELL XAU : zone 2752-2755
SL: 2760
TP: 50 - 200 - 300 pips (2725)
Safe and profitable trading
Continue to wait for the new gold ATH to be higher⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
US Treasury bond yields surged over ten basis points, with the 10-year note yielding 4.192%. As a result, the US Dollar Index (DXY) climbed 0.50%, reaching a two-month high of 104.01.
Meanwhile, tensions in the Middle East persisted as Israel reported a projectile from Lebanon landing in central Israel, and Iran’s UN envoy criticized Biden’s remarks on Israel’s potential attack as "inflammatory."
Dallas Fed President Lorie Logan highlighted the need for flexibility in monetary policy, reinforcing the gradual approach to lowering borrowing costs.
⭐️Personal comments NOVA:
After adjusting for liquidity in the 2715 price range - the gold price continues to increase significantly - returning to the 2735 price range and tending to increase to create a new ATH in the near future.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2760 - $2762 SL $2767
TP1: $2750
TP2: $2740
TP3: $2730
🔥BUY GOLD zone: $2695 - $2697 SL $2690
TP1: $2705
TP2: $2715
TP3: $2730
⭐️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
New ATH continues! Gold broke out this year⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) rises to around $2,720 during Monday’s early Asian session, driven by ongoing Middle East tensions and uncertainty surrounding the US presidential election.
Geopolitical risks, particularly Hezbollah's escalation of conflict with Israel, have prompted investors to seek safety in gold. Additionally, concerns over the upcoming US election and expectations of looser monetary policies from the Federal Reserve further support the metal’s upward trend, according to Alexander Zumpfe, a precious metals trader at Heraeus Metals Germany.
⭐️Personal comments NOVA:
Gold prices are continuously increasing, creating ATH after military tensions in the world - currently the top asset type to accumulate in the world, continuing to be expected to increase anew this week.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2743 - $2745 SL $2750
TP1: $2735
TP2: $2720
TP3: $2710
🔥BUY GOLD zone: $2707 - $2705 SL $2700
TP1: $2715
TP2: $2722
TP3: $2730
⭐️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
Break M45 - continue to increase waiting for 2745! 10/21XAU / USD trend forecast October 21, 2024
Gold price (XAU/USD) continues Friday’s breakout above $2,700, gaining momentum for the fifth straight day at the start of the week. This marks its seventh positive day in the last eight, reaching a new record high above $2,730 during the Asian session. Ongoing geopolitical tensions in the Middle East and political uncertainty in the US ahead of the November 5 presidential election support the safe-haven demand for gold.
2 M45 trend lines - gold price continues to rise. Wait for correction to touch EMA then continue to increase.
/// SELL XAU : zone 2745-2747
SL: 2753
TP: 50 - 100 - 300 pips (2717)
Safe and profitable trading
XAU increased sharply! Continued bullish FOMO⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) rises for the fourth consecutive day, marking six positive days out of seven, and surpasses the $2,700 mark to reach a new record high during Friday's Asian session. Key factors driving this upward trend include anticipated rate cuts by major central banks, Middle East tensions, and uncertainty around the US Presidential election.
Thursday's strong US data reinforced expectations of moderate rate cuts by the Federal Reserve (Fed), which boosted the US Dollar to its highest level since early August. However, this hasn't dampened the bullish momentum for Gold, which is set for strong weekly gains.
⭐️Personal comments NOVA:
Gold prices show a crazy bull run in 2024 - continuing the crazy uptrend. Above the $2700 zone
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2733 - $2735 SL $2740
TP1: $2725
TP2: $2715
TP3: $2700
🔥BUY GOLD zone: $2684 - $2686 SL $2679
TP1: $2692
TP2: $2700
TP3: $2710
⭐️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
NEW ATH ! XAU ! wait to reach $2700 for gold⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
The recent drop in Crude Oil prices is likely to reduce inflation pressures, enabling major central banks to cut interest rates further, which supports demand for Gold. The European Central Bank is set for its third rate cut of the year this Thursday, while a sharp decline in UK inflation has strengthened expectations of a Bank of England rate cut in November.
⭐️Personal comments NOVA:
Gold prices recovered - when war information continued to have a good impact on the Gold market. Expect to touch old ATH 2685 this week and correct to create additional liquidity
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2700 - $2702 SL $2707
TP1: $2690
TP2: $2680
TP3: $2670
🔥BUY GOLD zone: $2663 - $2661 SL $2656
TP1: $2670
TP2: $2680
TP3: $2690
⭐️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
XAU / USD ! 10/16 Bulls prevail $2685XAU / USD trend forecast October 16, 2024
Gold prices rose on Tuesday as US Treasury yields fell, limiting gains for the US Dollar. The economic calendar included the New York Empire State Manufacturing Index and the NY Fed Consumer Expectations Survey, with XAU/USD trading at $2,664.
The Empire State Manufacturing Index for September showed a weak result, while the NY Fed survey indicated higher inflation expectations for the month.
Gold price surpassed the nearest resistance zone of 2660, approaching the next price zone of 2672. The bulls are dominating, determined to find the old ATH of 2685 this week.
/// SELL XAU : zone 2685-2682
SL: 2690
TP: 50 - 100 - 200 pips (2665)
/// BUY XAU : zone 2653-2650
SL: 2645
TP: 50 - 100 - 200 pips (2670)
Safe and profitable trading
XAU on the rebound - stable above 2600 this week ⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) surged over 1% on Friday, closing near the weekly high after the US Producer Price Index (PPI) indicated a positive inflation outlook, reinforcing expectations of future rate cuts by the Federal Reserve (Fed). Additionally, ongoing geopolitical tensions in the Middle East bolstered safe-haven demand, further supporting gold's rise.
However, with investors no longer anticipating a large Fed rate cut in November, US Treasury yields remain high, and the US Dollar stays near its mid-August peak. Furthermore, optimism around China's plan to increase debt to boost its economy adds some pressure on gold during Monday's Asian session.
⭐️Personal comments NOVA:
Gold price this week continues its upward trend - remaining stable above the 2600 mark. Sideway doesn't have much important news this week
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2629 - $2627 SL $2622
TP1: $2635
TP2: $2642
TP3: $2650
Pay attention to the potential support zone today: 2635
🔥SELL GOLD zone: $2669 - $2671 SL $2676
TP1: $2660
TP2: $2650
TP3: $2640
⭐️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
DOW Theory ! XAU ! 10/14 uptrendXAU / USD trend forecast October 14, 2024
Gold price (XAU/USD) rises for the third consecutive day on Monday, reaching over $2,667, a one-week high in early European trading. Expectations of further Federal Reserve rate cuts due to a favorable inflation outlook drive demand for the non-yielding metal. Additionally, growing geopolitical tensions in the Middle East provide extra support for the safe-haven asset.
Gold price M30 frame shows signs of breaking DOW uptrend - waiting for old peak resistance zone 2685
/// SELL XAU : zone 2683-2686
SL: 2691
TP: 50 - 100 - 300 pips (2656)
Safe and profitable trading