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Officially reached over 2500! NEW XAU ATH✍️ NOVA hello everyone, Let's comment on gold price next week from 8/19 - 9/23/2024 🔥 World situation: Gold (XAU/USD) surged to a new record high above $2,490 on Friday during the US session as investors remain confident that the Federal Reserve (Fed) will cut interest rates in September, despite Thursday's stronger-than-expected Retail Sales data. Earlier in the day, gold had pulled back after testing a key resistance level around $2,470, a point it struggled with earlier in the week. The pullback was driven by the July US Retail Sales report, which showed a 1.0% month-over-month increase, far exceeding the 0.3% forecast and reversing June’s revised 0.2% decline. 🔥 Identify: Gold price hits all-time high of 2509. Optimism for all markets as September interest rates near 🔥 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: $2531, $2560 Support : $2490, $2465, $2430 🔥 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
OANDA:XAUUSDLong
by Nova-Scalper
1
PPI - Waiting for Gold's new ATH⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) surged over 1% on Monday, driven by safe-haven demand due to concerns about escalating conflicts in the Middle East and Ukraine's unexpected offensive against Russia. Additionally, dovish expectations for the Federal Reserve (Fed) weakened the US Dollar (USD), helping gold move closer to its monthly high during Tuesday's Asian session. However, the positive market sentiment led to some selling pressure on gold in the same session. Bulls appear cautious, waiting for the upcoming US inflation data before making further moves. Despite this, gold remains near the all-time high reached in July and is likely to break out of the short-term range it has held for the past month. ⭐️ Personal comments NOVA: Gold price increased back to the highest resistance zone 2475-2480. There was an adjustment in the Asian and European sessions to expect to create a new ATH this week: over 2500 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2440 - $2442 SL $2435 TP1: $2455 TP2: $2470 TP3: $2500 🔥SELL GOLD zone: $2518 - $2520 SL $2525 TP1: $2510 TP2: $2500 TP3: $2490 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. Price moves steadily on all 3 EMA lines, Uptrend expected to break ATH ⭐️ 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
OANDA:XAUUSDLong
by Nova-Scalper
3
Gold price recovers! Buyers dominate⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) struggled to build on Thursday's strong 2% gain and edged lower during the Asian session on Friday. A positive mood in global equity markets put some pressure on the safe-haven metal, but various factors should help prevent significant losses. Concerns over a potential Middle East conflict and expectations of larger rate cuts by the Federal Reserve (Fed) could support gold. Dovish Fed expectations are also weighing on US Treasury bond yields and pulling the US Dollar (USD) down from its weekly high. This environment favors bullish traders and suggests that gold's likely direction is upward. Any further dip might be seen as a buying opportunity, especially with no major US economic releases expected soon. The market's attention will turn to the upcoming US consumer inflation figures, due next Wednesday. ⭐️ Personal comments NOVA: Bulls dominate over the weekend - surpassing 2420, amid growing global military tensions ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2408 - $2406 SL $2402 scalping TP1: $2415 TP2: $2422 TP3: $2430 🔥BUY GOLD zone: $2388 - $2386 SL $2380 TP1: $2395 TP2: $2410 TP3: $2420 🔥SELL GOLD zone: $2441 - $2443 SL $2448 TP1: $2430 TP2: $2420 TP3: $2410 ⭐️ 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
OANDA:XAUUSDLong
by Nova-Scalper
2
Gold price in uptrend !! Still expecting ATH✍️ NOVA hello everyone, Let's comment on gold price next week from 8/5 - 8/9/2024 🔥 World situation: Gold prices are under pressure after hitting a two-week high of $2,477 earlier during the North American session. Data showed that the US jobs market feels the effects of higher borrowing costs set by the Federal Reserve as the number of Americans applying for work dipped. This bolstered the golden metal, which rallied over 1% before retreating. The XAU/USD trades at $2,430, down 0.60%. Wall Street’s trade with substantial losses, as most equity indices plunged at least 2.20% after the US Bureau of Labor Statistics (BLS) revealed that July’s Nonfarm Payrolls (NFP) figures missed the mark, while June data was revised downward. 🔥 Identify: The H4 uptrend is still quite clear, the trendline is beautiful for new growth, there are still many factors that help Gold reach a new ATH in the near future, typically the FED may cut interest rates in September 2024. 🔥 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: $2478, $2502, $2530 Support : $2420, $2372, $2354 🔥 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
OANDA:XAUUSDLong
by Nova-Scalper
3
NF - NEW ATH XAU - market expectations⭐️ Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold price rises to around $2,450 per ounce in Asia on Friday. Traders are waiting for US labor market data for July. Recent data on manufacturing and employment in the US have raised concerns, boosting demand for safe-haven assets like Gold. US ISM Manufacturing PMI fell to 46.8 in July, lower than expected. Initial Jobless Claims for the week ended July 26 increased to 249K. ⭐️Personal comments NOVA: Sentiment and the market are looking forward to a new ATH point today after the NF news was announced. The expected resistance zone is 2500 ⭐️SET UP GOLD PRICE: 🔥BUY GOLD zone: $2442 - $2444 SL $2438( scalping / Only applicable for Asian and European sessions ) TP1: $2449 TP2: $2455 TP3: $2462 🔥BUY GOLD zone: $2415 - $2417 SL $2410 TP1: $2425 TP2: $2440 TP3: $2450 🔥SELL GOLD zone: $2502 - $2504 SL $2510 TP1: $2490 TP2: $2480 TP3: $2460 ⭐️ 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
OANDA:XAUUSDLong
by Nova-Scalper
6
Strong recovery before ADP - NF news !! XAU ⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price rises for the second day after dropping to $2,400, reaching a one-week high in Asia. Geopolitical tensions in the Middle East increase due to an Israeli attack on Lebanon. Global economic growth is slow, pushing investors towards gold. The US Dollar weakens from a three-week high on Fed's dovish expectations, supporting gold prices. Investors are cautious and await more clues on the Fed's rate-cut plans before making new investments. All eyes are on the outcome of the two-day FOMC meeting happening today. ⭐️ Personal comments NOVA: Price increase before ADP - NF news today July 31, 2024 thanks to the middle east military tension. Technical trends show that buyers dominate the long-term frame H4 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2388 - $2390 SL $2383 TP1: $2405 TP2: $2420 TP3: $2440 🔥SELL GOLD zone: $2430 - $2432 SL $2435 scalping( Asian and European sessions ) TP1: $2425 TP2: $2418 TP3: $2410 🔥SELL GOLD zone: $2452 - $2454 SL $2459 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
OANDA:XAUUSDLong
by Nova-Scalper
5
Gold ready to rip to $2,495 - Breakouts all aroundA strong Cup and Handle formed, with a breakout of the downtrend lines. We also have a solid uptrend line since 25 July, keeping the price up (Safety). NATURE: (High Probability analysis) Price>20MA and 200MA My Daily target is $2,495. WIth Bitcoin's price rocketing (As per my last analysis) with Russia now stepping in to legalise along with the shady compnanies sifting out one by one, the safe havens are looking great for upside.
OANDA:XAUUSDLong
by Timonrosso
CB factors help whether Gold price increases or not ??⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is having difficulty finding a clear direction today and is moving within a small range, approximately between $2,380 and $2,385, in the Asian trading session on Tuesday. The geopolitical tensions in the Middle East are providing some support to gold. Additionally, expectations that the Federal Reserve (Fed) will begin reducing interest rates in September, supported by a mild US inflation report last Friday, are acting as a positive factor for gold, which does not yield interest. ⭐️ Personal comments NOVA: In the long-term H4 frame, prices are still in a downtrend - however economic news can contribute to a slight increase in Gold prices. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2353 - $2355 SL $2348 TP1: $2360 TP2: $2370 TP3: $2380 🔥SELL GOLD zone: $2410 - $2408 SL $2415 TP1: $2400 TP2: $2390 TP3: $2380 ⭐️ 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
OANDA:XAUUSDLong
by Nova-Scalper
6
Gold price recovered to $2400, sideway Monday⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) demonstrated strength below the 50-day Simple Moving Average (SMA) on Friday and made a slight recovery from a low point reached over two weeks ago. This upward movement occurred after the US Personal Consumption Expenditures (PCE) Price Index was released, indicating a modest increase in inflation in June. This development raised expectations for the Federal Reserve (Fed) to begin reducing interest rates soon. Following the inflation data, US Treasury bond yields decreased, weakening the US Dollar (USD) and supporting the gold, which does not provide interest yields. ⭐️ Personal comments NOVA: Gold price recovered at the beginning of the week - world military news continues to influence gold price to recover to 2400, sideways this area is expected to continue below $2400 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2374 - $2372 SL $2367 TP1: $2380 TP2: $2390 TP3: $2400 🔥SELL GOLD zone: $2406 - $2408 SL $2413 TP1: $2400 TP2: $2390 TP3: $2380 ⭐️ 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
OANDA:XAUUSDLong
by Nova-Scalper
9
7 Dimensions Idea for BUY Gold CORE Analysis Method: Smart Money Concept 😇 7 Dimension Analysis Time Frame: H1 1️⃣ Swing Structure: Bullish 🟢 Structure Behavior: Break of Structure (BoS) 🟢 Swing Move: Impulsive 🟢 Pull Back: 2 🟢 Internal Structure: Bullish 🟢 External Order Block (OB): Mitigated 🟢 Support & Demand: Start Accumulation from discounted area 🟢 Time Frame Confluence: H4 and H1 POI 2️⃣ Pattern 🟢 CHART PATTERNS: W pattern formed at major swing Continuation: Falling Wedge with proper breakout and retest, aligning with the breakout level and Fair Value Gap (FVG) level, making this area a high-probability POI for buyers 🟢 CANDLE PATTERNS: Record Session Count (RSC) detected, indicating a correction towards 2404 Long wick candle at the bottom of RSC indicates bullishness Engulfing and Kicker Sash patterns indicate bullish control at 2403 3️⃣ Volume 🟢 Volume during Correction: Dried up but now showing good volume as price moves upward 4️⃣ Momentum 🟢 RSI: Indicates full bullishness according to Grandfather Father Strategy 5️⃣ Volatility Bollinger Bands 🟢 Middle Band: Supported, contraction during retracement indicating potential range formation 🟢 Band Puncher: Lower band puncher indicates bullish strength 6️⃣ Strength According to ROC: Bullish 7️⃣ Sentiment: Bullish ✔️ Entry Time Frame: 5 minutes ✅ Entry TF Structure: Bullish with 5-minute swing liquidity sweep ☑️ Current Move: Impulsive in entry time frame ☑️ FIB Trigger Event: Triggered ☑️ Trend Line Breakout: Done 💡 Decision: Buy 🚀 Entry: 1st entry at 2406, 2nd entry at 2397 ✋ Stop Loss: 1st at 2399, 2nd at 2391 🎯 Take Profit: 2441 😊 Risk to Reward Ratio: 7.5 🕛 Expected Duration: 2 days SUMMARY This analysis identifies a bullish swing structure on the H1 time frame with a proper BoS and impulsive moves. The internal structure remains bullish, supported by a mitigated external OB and accumulation at the discounted area. The pattern analysis highlights a W pattern and a falling wedge breakout with a retest, positioning this area as a high-probability POI for buyers. Candlestick patterns further confirm bullish control, supported by favorable volume and momentum indicators. The sentiment is bullish with key indicators such as RSI and Bollinger Bands supporting an upward move. Entry points are identified at 2406 and 2397 with respective stop losses and a target take profit at 2441, providing a risk to reward ratio of 7.5. The expected duration for this trade setup is 2 days, contingent on continued bullish momentum and price behavior as outlined.
OANDA:XAUUSDLong
by Optimum369
Gold corrects slightly after reaching ATH !!⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) rose to around $2,470 per troy ounce on Thursday, remaining near record highs as there is growing optimism that the Federal Reserve (Fed) will lower interest rates in September. Lower interest rates make Gold more appealing to investors as a non-yielding asset. Fed officials have expressed confidence in inflation aligning with their goals and are considering an interest rate cut. ⭐️ Personal comments NOVA: Gold price had a 30 price adjustment when it peaked at 2484, the adjustment created liquidity for the market ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2440 - $2442 SL $2435 TP1: $2450 TP2: $2460 TP3: $2470 🔥BUY GOLD zone: $2432 - $2430 SL $2425 TP1: $2440 TP2: $2455 TP3: $2470 ⭐️ 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
OANDA:XAUUSDLong
by Nova-Scalper
4
ATH - strong increase !!! XAU UP⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) fails to capitalize on its Asian session gains, trading with modest intraday gains. A slight uptick in the US Dollar prompts profit-taking due to an overbought RSI on the daily chart. The pullback is also influenced by the overall risk-on sentiment in global equity markets. ⭐️ Personal comments NOVA: Gold price continues to reach ATH in Tuesday's Asian session, new peak at 2484. Bulls dominate - rising momentum shows no signs of stopping ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2442 - $2440 SL $2435 TP1: $2450 TP2: $2465 TP3: $2480 🔥BUY GOLD zone: $2449 - $2451 SL $2444 TP1: $2458 TP2: $2465 TP3: $2480 🔥SELL GOLD zone: $2500 - $2502 SL $2507 TP1: $2490 TP2: $2480 TP3: $2470 ⭐️ 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
OANDA:XAUUSDLong
by Nova-Scalper
1
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
OANDA:XAUUSDLong
by Nova-Scalper
12
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
OANDA:XAUUSDLong
by Nova-Scalper
7
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
OANDA:XAUUSDLong
by Nova-Scalper
9
CPI - Will Gold price touch 2400 ???⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices saw a third consecutive day of buyer interest, despite trading below the week's peak. Traders appear hesitant, awaiting US consumer inflation data to guide near-term strategies. This information will influence Federal Reserve decisions on interest rate cuts, impacting USD demand and potentially providing momentum for gold. ⭐️ Personal comments NOVA: Gold price is in the bullish range - wave 3 of H1 frames waiting for a break in the 2384 area. The price will show positive signs if today's CPI supports Gold ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2338 - $2340 SL $2332 TP1: $2348 TP2: $2355 TP3: $2370 🔥SELL GOLD zone: $2398 - $2400 SL $2405 TP1: $2390 TP2: $2380 TP3: $2370 ⭐️ 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
OANDA:XAUUSDLong
by Nova-Scalper
3
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
OANDA:XAUUSDLong
by Nova-Scalper
7
Expect Gold to touch $2400 soon !! ⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) dip during early Monday's European session as the People’s Bank of China (PBoC) holds off on gold purchases for the second month in June. This pause could influence gold prices given China's status as the world's largest bullion consumer. ⭐️ Personal comments NOVA: Gold price is maintaining an Uptrend at the beginning of the week - the target is still touching above 2400 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2362 - $2360 SL $2355 TP1: $2370 TP2: $2380 TP3: $2390 🔥SELL GOLD zone: $2396 - $2398 SL $2403 TP1: $2390 TP2: $2380 TP3: $2370 ⭐️ 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
OANDA:XAUUSDLong
by Nova-Scalper
2
Gold recovers - short-term increase⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices rose at the start of the week, buoyed by expectations of a September interest rate cut by the Fed and signs of subsiding inflation. The dip in US manufacturing sector for a third month and declining factory input costs further supported this outlook. Additionally, China's economic concerns, global geopolitical tensions, and political uncertainty in the US and Europe fostered appeal for the safe-haven asset. ⭐️ Personal comments NOVA: Gold price in early July increased slightly thanks to economic data that is not good for the dollar - target below $2350 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2305 - $2307 SL $2300 TP1: $2315 TP2: $2322 TP3: $2330 🔥SELL GOLD zone: $2358 - $2360 SL $2365 TP1: $2350 TP2: $2340 TP3: $2330 ⭐️ 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
OANDA:XAUUSDLong
by Nova-Scalper
5
Breakthrough in early July 2024! XAU fluctuates✍️ NOVA hello everyone, Let's comment on gold price next week from 7/1 - 7/5/2024 🔥 World situation: Gold prices fell on Friday due to a promising inflation report that suggested potential interest rate cuts from the Federal Reserve in 2024. Despite reaching a four-day high of $2,339, gold ended at $2,324, a 0.12% decrease. The US PCE Price Index report for May triggered these fluctuations, indicating a favorable future for consumers affected by price increases. 🔥 Identify: Gold price sideways accumulated for most of June 2024 from 2300 - 2365, expecting a breakthrough in early July with a recovery for Gold. 🔥 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: $2351, $2387 Support : $2317, $2297, $2270 🔥 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
OANDA:XAUUSDLong
by Nova-Scalper
1
The recovery rate retested at the beginning of the week! XAU ⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Fed officials have delayed the first interest rate cut of the year. President Tom Barkin of the Federal Reserve Bank of Richmond stated that the central bank is prepared but will gather more information in the coming months. President Neel Kashkari of the Federal Reserve Bank of Minneapolis believes it may take a year or two to bring inflation back to 2%. The strong US economic data and hawkish Fed tone are supporting the US dollar and suppressing gold prices, as higher interest rates increase the cost of holding non-yielding assets. ⭐️ Personal comments NOVA: Gold price recovered slightly, returning to the retest of weak resistance areas. Mainly still sideways below $2350 at the beginning of the week ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2311 - $2309 SL $2304 TP1: $2316 TP2: $2322 TP3: $2330 🔥SELL GOLD zone: $2331 - $2333 SL $2336 TP1: $2325 TP2: $2318 TP3: $2310 🔥SELL GOLD zone: $2340 - $2342 SL $2347 TP1: $2330 TP2: $2320 TP3: $2310 ⭐️ 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
OANDA:XAUUSDLong
by Nova-Scalper
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