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SCALPING XAU ! Gold sideway trend DOWN⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: The US central bank indicated last week that it plans to ease the pace of interest rate cuts in 2025. This supports elevated US Treasury yields, helping the US Dollar (USD) maintain its strength near a two-year high, which limits gains for the non-yielding Gold price. With trading volumes thin, it seems wise to wait for sustained buying momentum before anticipating a continued recovery from the one-month low reached last week. ⭐️Personal comments NOVA: Gold sideways price range 2610-2620, H1 trendline downtrend ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2618 - $2620 SL $2623 scalping TP1: $2614 TP2: $2608 TP3: $2602 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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:XAUUSDShort
by Nova-Scalper
2
Gold continues downtrend at the end of 2024⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold price (XAU/USD) remains steady near $2,610 in the early Asian session on Tuesday, with trading subdued as markets anticipate a quieter pace ahead of the holiday week. Investors are keeping an eye on the US Richmond Fed Manufacturing Index for December, set to be released later in the day. ⭐️Personal comments NOVA: Gold sideways in 2 H1 trendlines - downtrend is dominant. At the end of the year, there will be a lack of trading liquidity, not many big fluctuations. ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2627 - $2629 SL $2634 TP1: $2620 TP2: $2610 TP3: $2600 🔥BUY GOLD zone: $2604 - $2602 SL $2597 TP1: $2610 TP2: $2618 TP3: $2627 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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:XAUUSDShort
by Nova-Scalper
5
Will the interest rate cut in late 2024 happen? XAU UP OR DOWN ✍️ NOVA hello everyone, Let's comment on gold price next week from 12/16 - 12/20/2024 🔥 World situation: Although gold posted some losses, it remains up nearly 1% for the week, supported by a mix of US economic data. While inflation figures were varied, the latest Initial Jobless Claims report strengthened investor confidence in a December rate cut by the Federal Reserve. Attention now shifts to the Fed’s December 17-18 policy meeting, with traders pricing in a 93% likelihood of a 25 basis point cut, according to CBOT data. Following the announcement, all eyes will be on Fed Chair Jerome Powell’s press conference for insights into the policy direction for 2025. 🔥 Identify: H4 is seeing price close to the bullish trendline - which will be validating the last rate cut of the year. There will be some upside but it will still be difficult to break above the 2723 price zone 🔥 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: $2678, $2723 Support : $2613, $2590, $2535 🔥 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:XAUUSDShort
by Nova-Scalper
2
Negative News - XAU Continues Bearish Cycle ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold price (XAU/USD) rebounds from a one-month low near the $2,584-$2,583 region seen during the Asian session on Thursday, halting a two-day losing streak. Geopolitical tensions and trade war fears, combined with the Federal Reserve's (Fed) hawkish shift on Wednesday, have weighed on global risk sentiment. The resulting declines in equity markets have driven safe-haven demand for gold. However, the Fed's signal of a more cautious approach to rate cuts next year has kept US Treasury yields near multi-month highs and supported the US Dollar (USD), which remains close to a two-year peak. These factors could limit gold's upside, urging caution for bullish traders. Market participants now await US economic data, including the final Q3 GDP figures and Weekly Initial Jobless Claims, for short-term trading cues. ⭐️Personal comments NOVA: The FED cut 0.25 points as expected, however the statements about future plans are very negative for the market, along with the end of the year transactions will be liquidated by investors causing continued selling pressure. ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2633 - $2635 SL $2640 TP1: $2625 TP2: $2610 TP3: $2600 🔥BUY GOLD zone: $2585 - $2583 SL $2578 TP1: $2595 TP2: $2607 TP3: $2624 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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:XAUUSDShort
by Nova-Scalper
3
Accumulated gold - information about interest rates is comming ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices (XAU/USD) inch higher during Tuesday's Asian session but struggle to sustain momentum, hovering near the one-week low reached on Monday. Market participants remain cautious, awaiting the conclusion of the Federal Reserve's two-day meeting on Wednesday before making new directional moves. Attention will center on the Fed's policy statement, the updated dot plot, and remarks from Chair Jerome Powell during the post-meeting press conference. Investors are keen for insights into the future path of rate cuts, which could influence the US Dollar (USD) and provide clearer direction for gold prices. ⭐️Personal comments NOVA: The market is currently waiting for important information to lower interest rates tomorrow. The positivity will return when it reduces another 0.25 points tomorrow. ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2678 - $2680 SL $2685 TP1: $2670 TP2: $2660 TP3: $2650 🔥SELL GOLD zone: $2663 - $2665 SL $2668 scalping TP1: $2655 TP2: $2640 TP3: $2630 🔥BUY GOLD zone: $2626 - $2624 SL $2619 TP1: $2635 TP2: $2648 TP3: $2655 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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:XAUUSDShort
by Nova-Scalper
1
SCALPING ! XAU ! retest 2646 entry SELL SCALPING XAU / USD ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Monday’s data revealed that a significant portion of the US economy grew at its fastest pace in over three years. The S&P Global flash US Services PMI climbed from 56.1 to 58.5 in December, marking a 38-month high. Additionally, the Composite PMI rose to 56.6 in December, up from 54.9 in November, reaching its highest level in 33 months. This strong performance overshadowed a decline in the flash US Manufacturing PMI, which fell to a three-month low of 48.3. The data reinforced expectations that the Federal Reserve may take a less dovish approach moving forward. ⭐️Personal comments NOVA: Bears dominate - short-term selling pressure before the US session, waiting for a retest of the SELL entry ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2645 - $2647 SL $2650 scalping TP1: $2640 TP2: $2635 TP3: $2630 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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:XAUUSDShort
by Nova-Scalper
4
XAU - monday sideway! Scalping follows the downtrendSCALPING XAU / USD ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Last week's US Consumer Price Index (CPI) and Producer Price Index (PPI) reports strengthened expectations that the Federal Reserve (Fed) will ease its rate cuts at a slower pace next year. On Friday, the benchmark 10-year US Treasury yield climbed to a three-week high, reflecting market bets on a less dovish Fed stance, which could limit gains for the non-yielding gold. Looking ahead, Monday's release of global flash PMI data may shape broader market sentiment and potentially impact demand for the safe-haven precious metal. ⭐️Personal comments NOVA: Gold price is slow on the first trading day of the new week, around the 2650 area. ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2662 - $2664 SL $2667 scalping TP1: $2657 TP2: $2650 TP3: $2640 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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:XAUUSDShort
by Nova-Scalper
5
adjustment - accumulate more waiting for interest rate cuts⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold price (XAU/USD) finds support during the Asian session on Friday, recovering some of the previous day's pullback from a five-week high near $2,726. Safe-haven demand remains strong, driven by ongoing geopolitical tensions from the Russia-Ukraine conflict and unrest in the Middle East, as well as concerns about President-elect Donald Trump's proposed tariffs. Additionally, growing expectations that the Federal Reserve (Fed) will implement a third consecutive rate cut at next week’s December policy meeting provide further support for the non-yielding yellow metal. ⭐️Personal comments NOVA: The price recovered positively during the week around 2700, sideways and accumulated further. Waiting for information about interest rate cuts in December 2024 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2701 - $2703 SL $2706 scalping TP1: $2695 TP2: $2690 TP3: $2680 🔥SELL GOLD zone: $2721 - $2723 SL $2728 TP1: $2710 TP2: $2700 TP3: $2690 🔥BUY GOLD zone: $2656 - $2654 SL $2649 TP1: $2665 TP2: $2678 TP3: $2690 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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:XAUUSDShort
by Nova-Scalper
2
Adjustment rhythm DOWN ABC ! The buying side is weakening⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Price pressures in the United States are expected to have remained sticky in November, with headline inflation picking up. While the data is unlikely to deter the Federal Reserve (Fed) from cutting rates by 25 basis points (bps) next week, it might limit the scope of the easing cycle heading into 2025. Beyond that, the situation in the Middle East remains uncertain. The Syrian rebels have appointed a prime minister for a transitional government while Israel has stepped up its attacks on the Syrian army’s facilities. Ongoing tensions in the area are buoying safe-haven flows into Gold. ⭐️Personal comments NOVA: Frame H1 - complete 5 rising waves according to elliot. Need a downward adjustment to accumulate for the market ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2746 - $2748 SL $2753 TP1: $2740 TP2: $2730 TP3: $2720 🔥BUY GOLD zone: $2674 - $2676 SL $2669 TP1: $2685 TP2: $2692 TP3: $2700 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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:XAUUSDShort
by Nova-Scalper
7
XAU / USD ! Scalping in an uptrend ! support 2702SCALPING XAU / USD ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold (XAU/USD) pauses its advance on Wednesday after gaining approximately 2.5% over the last three sessions. The metal faces resistance near the $2,700 level during early Asian trading, as investors show caution ahead of the US Consumer Price Index (CPI) report due at 13:30 GMT. US inflation is expected to remain elevated in November, with headline figures ticking higher. While this data is unlikely to prevent the Federal Reserve (Fed) from implementing a 25-basis-point rate cut next week, it could signal a more measured approach to rate cuts moving into 2025. ⭐️Personal comments NOVA: The uptrend is still continuing, it is possible to scalp the old resistance price area this morning at 2702 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2702 - $2704 SL $2707 scalping TP1: $2697 TP2: $2692 TP3: $2685 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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:XAUUSDShort
by Nova-Scalper
1
Scalping XAU / USD ! Resistance 2655SCALPING XAU / USD ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Political unrest in South Korea, geopolitical tensions, and trade war concerns lend support to the safe-haven Gold price. However, modest strength in the US Dollar (USD), fueled by expectations that the Federal Reserve (Fed) may take a less dovish approach due to speculation that President-elect Donald Trump's policies could drive inflation higher, limits further gains for XAU/USD. Additionally, traders appear cautious, likely holding off on significant moves ahead of this week’s upcoming US consumer inflation data release. ⭐️Personal comments NOVA: Maintaining the sideway price range - scalping the 2655 resistance zone ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2655 - $2657 SL $2660 scalping TP1: $2650 TP2: $2645 TP3: $2640 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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:XAUUSDShort
by Nova-Scalper
6
XAU Monday! continue sideway below 2655⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold price (XAU/USD) finds some support at the start of the week, building on Friday’s rebound from the $2,614-2,613 zone, though it remains range-bound over the past two weeks. Friday's US Nonfarm Payrolls (NFP) report reinforced expectations of a Federal Reserve (Fed) rate cut in December, keeping US Treasury yields subdued and providing a boost to the non-yielding gold. Additionally, a cautious market mood driven by political unrest in South Korea, geopolitical tensions, and trade war concerns further supports the safe-haven metal. However, growing speculation that the Fed might slow or pause its rate cuts in January helps the US Dollar (USD) extend its modest recovery from a near one-month low, which could limit significant upside for XAU/USD. ⭐️Personal comments NOVA: The sideway price range in early December can last for a long time, buyers and sellers compete in the price range of 2600-2700. ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2655 - $2657 SL $2662 TP1: $2645 TP2: $2638 TP3: $2622 🔥BUY GOLD zone: $2614 - $2612 SL $2607 TP1: $2625 TP2: $2638 TP3: $2650 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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:XAUUSDShort
by Nova-Scalper
3
The bears have great selling pressure - the trend is DOWN⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices rose late in the North American session on Friday, gaining 0.67%, though still poised for a monthly loss of over 3%. Geopolitical uncertainty continues to influence the market, with the non-yielding metal fluctuating near $2,600. Currently, XAU/USD trades at $2,652 after touching a daily low of $2,634. Tensions in the Middle East eased following a ceasefire agreement between Israel and Lebanon. However, both sides later accused each other of breaching the terms of the truce. ⭐️Personal comments NOVA: If there are no surprises - war news breaks out, the gold price will return to its real value below 2600 by the end of 2024. The long-term technical chart is also supporting this ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2657 - $2659 SL $2664 TP1: $2650 TP2: $2640 TP3: $2630 🔥BUY GOLD zone: $2607 - $2605 SL $2600 TP1: $2615 TP2: $2630 TP3: $2645 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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:XAUUSDShort
by Nova-Scalper
5
Scalping! Gold price recovers in the short term to 2648SCALPING XAU / USD ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices (XAU/USD) remain under pressure during the early European session on Monday, trading near $2,630, at the lower end of the day's range. The US Dollar (USD) rebounds sharply from a nearly three-week low, supported by a rise in US Treasury yields, adding downward pressure on the precious metal. Additionally, expectations that President-elect Donald Trump's proposed tariffs and expansionary policies will drive inflation higher, potentially prompting the Federal Reserve (Fed) to halt further rate cuts, further weigh on gold. However, concerns over trade tensions, geopolitical uncertainties, and a cautious market sentiment may help limit losses for the safe-haven XAU/USD as investors await key US economic data releases later this week. ⭐️Personal comments NOVA: Gold price has recovered - continuing sideways, scalping the liquidity zone 2648 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2648 - $2650 SL $2653 TP1: $2644 TP2: $2638 TP3: $2630 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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:XAUUSDShort
by Nova-Scalper
2
Accumulate - gold price will continue to FALL✍️ NOVA hello everyone, Let's comment on gold price next week from 12/02 - 12/06/2024 🔥 World situation: Gold prices edged higher late in the North American session on Friday, gaining 0.67%, though still on track for a monthly decline of over 3%. Geopolitical concerns continue to influence market movements, with the non-yielding metal hovering near $2,600. XAU/USD is currently trading at $2,652, rebounding from a daily low of $2,634. Tensions in the Middle East eased slightly after Israel and Lebanon reached a ceasefire agreement. However, both nations have since accused each other of breaching the terms of the deal. 🔥 Identify: Gold price is still accumulating, sideways below 2680, moving within 2 H4 trendlines. In the context of the end of 2024, profit taking by investors will take place, gold price will continue to be under selling pressure. 🔥 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: $2680, $2720, 2755 Support : $2607, $2584, $2540 🔥 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:XAUUSDShort
by Nova-Scalper
2
XAU ! Nov 21 ! waiting for resistance 2674XAU / USD trend forecast November 21, 2024 Gold prices (XAU/USD) hold onto their upward momentum as the European session approaches, currently hovering near the $2,660 mark, a one-and-a-half-week high reached earlier this Thursday. This marks the fourth consecutive day of gains, driven by heightened geopolitical risks arising from the escalating Russia-Ukraine conflict, which supports demand for the safe-haven metal. Additionally, a slight weakening of the US Dollar (USD) provides further support for the commodity. The price increase continues - gold price recovers strongly. Waiting for reaction at resistance levels: 2674 - 2682 - 2710. The price increase continues - gold price recovers strongly. Waiting for reaction at resistance levels: 2674 - 2682 - 2710. World military tension will ease from next year with more peaceful policies of President Trump. /// SELL XAU : zone 2672-2675 SL: 2680 TP: 50 - 150 - 300pips (2645) Safe and profitable trading
OANDA:XAUUSDShort
by Moon-ForexAcademy
3
No NEWS, Opportunity for gold to continue to recoverSCALPING XAU / USD ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices (XAU/USD) remain steady during the early European session, hovering near $2,620, slightly below Tuesday’s one-week high. Persistent geopolitical tensions, including the prolonged Russia-Ukraine conflict and unrest in the Middle East, continue to fuel safe-haven demand for the precious metal for a second consecutive day. However, expectations of a less aggressive rate-cutting approach by the Federal Reserve (Fed) limit further gains for the non-yielding Gold. ⭐️Personal comments NOVA: Small frame, gold buying pressure is still large, positive recovery, price will still move within the range of 2600 - 2644 ⭐️SET UP GOLD PRICE: 🔥BUY GOLD zone: $2603 - $2601 SL $2598 TP1: $2610 TP2: $2618 TP3: $2625 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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:XAUUSDShort
by Nova-Scalper
2
Gold reduced! The target is aimed at 2514⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold price (XAU/USD) extends its decline for the fifth consecutive session, hitting its lowest level since September 19 near $2,558 during Thursday’s Asian session. Persistent US Dollar (USD) strength, fueled by optimism over President-elect Donald Trump's pro-growth policies and expectations of a Federal Reserve (Fed) pause in easing, keeps pressure on the non-yielding metal. Elevated US Treasury yields and a strong USD, which reached its highest level since November 2023, further weigh on Gold. Additionally, Wednesday's US Consumer Price Index (CPI) report signaled slower progress in reducing inflation, suggesting fewer rate cuts in 2024. Coupled with a bullish run in US equity markets, this has driven investors away from Gold. Traders now await the US Producer Price Index (PPI) release for near-term direction, with attention on Fed Chair Jerome Powell's speech later today. ⭐️Personal comments NOVA: The H4 price frame shows a strong downtrend, pay attention to the support zone, buyer liquidity here is quite large 2548 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2580 - $2582 SL $2587 TP1: $2565 TP2: $2550 TP3: $2530 🔥BUY GOLD zone: $2515 - $2513 SL $2508 TP1: $2525 TP2: $2540 TP3: $2560 🔥BUY GOLD zone: $2548 - $2550 SL $2545 scalping TP1: $2558 TP2: $2564 TP3: $2570 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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:XAUUSDShort
by Nova-Scalper
4
Gold maintains a strong downtrendSCALPING XAU / USD ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: The CME Group's FedWatch Tool shows the likelihood of a 25-basis-point rate cut at the next FOMC meeting has surged to over 80%, up from under 60% on Tuesday. Dallas Fed President Lorie Logan remarked that while significant progress has been made in lowering inflation, the central bank should move forward carefully. ⭐️Personal comments NOVA: After breaking the D frame support zone (2550), the downtrend will continue, waiting for the SELL SCALPING TEST 2550 zone. ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2549 - $2551 SL $2554 TP1: $2544 TP2: $2538 TP3: $2530 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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:XAUUSDShort
by Nova-Scalper
1
bearish cycle - bears dominate !! XAU / USD ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold price (XAU/USD) extended its losses on Monday, dropping over 2% to hit its lowest level since October 10 after its steepest weekly decline in five months. Strong US Dollar (USD) demand, driven by expectations of cautious Federal Reserve (Fed) policies and optimism over President-elect Donald Trump’s growth-focused agenda, pushed US Treasury yields higher and weighed on the non-yielding gold. However, the decline paused near $2,600 amid concerns that Trump’s protectionist policies could harm the global economy, spurring some safe-haven demand. Any significant rebound remains limited due to the USD's strong bullish momentum. Investors are likely waiting for this week’s US inflation data and key speeches from Federal Reserve officials, including Chair Jerome Powell, before making further moves. ⭐️Personal comments NOVA: Gold price moves in wave 3 according to Elliot, decreasing in price by the end of 2024 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2656 - $2658 SL $2663 TP1: $2648 TP2: $2635 TP3: $2620 🔥BUY GOLD zone: $2604 - $2602 SL $2599 scalping TP1: $2610 TP2: $2620 TP3: $2630 🔥BUY GOLD zone: $2575 - $2577 SL $2570 TP1: $2585 TP2: $2593 TP3: $2600 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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:XAUUSDShort
by Nova-Scalper
4
Gold enters a long-term bearish-adjustment cycle⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold price (XAU/USD) adds to last week's heavy losses and remains under some selling pressure for the second successive day on Monday. The US Dollar (USD) holds steady below a four-month peak touched last week in the wake of optimism over Donald Trump's anticipated expansionary policies and turns out to be a key factor undermining the commodity. Furthermore, President-elect Trump has vowed to cut corporate taxes, which remains supportive of the risk-on mood and contributes to driving flows away from the safe-haven precious metal. Meanwhile, expectations that Trump's policies could spur economic growth and inflation and restrict the Federal Reserve's (Fed) ability to cut interest rates more aggressively keep the US Treasury bond yields elevated. This, in turn, exerts additional pressure on the non-yielding Gold price, though bets for further Fed rate cuts could offer some support. Traders might also opt to move to the sidelines ahead of this week's release of the latest US consumer inflation figures and speeches by influential FOMC members, including Fed Chair Jerome Powell on Friday. ⭐️Personal comments NOVA: At the end of the year, there is almost no important news to help gold prices increase in 2024. The adjustment at the end of 2024 will cause gold to decrease. ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2685 - $2687 SL $2692 TP1: $2678 TP2: $2665 TP3: $2650 🔥BUY GOLD zone: $2666 - $2664 SL $2659 TP1: $2672 TP2: $2680 TP3: $2690 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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:XAUUSDShort
by Nova-Scalper
1
Gold continues downtrend - market stability✍️ NOVA hello everyone, Let's comment on gold price next week from 11/11 - 11/15/2024 🔥 World situation: Gold prices fell on Friday as the US Dollar rebounded, despite a dip in Treasury yields. Traders adjusted their "Trump trade" positions, cautious about tariff uncertainties following Trump’s election win. XAU/USD is down 0.67%, trading at $2,688. US equities continued to rise, brushing off previous election concerns that had boosted Gold. With political risks easing, the market focus now shifts to Trump's policy plans. 🔥 Identify: The time when gold is sideways and adjusts down, stabilizing the price in 2024 to a safe zone. In the context that there will be many financial packages to stimulate the global economy in the near future, gold will become less attractive than other financial sectors. 🔥 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: $2710, $2756 Support : $2666, $2645, 2606 🔥 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:XAUUSDShort
by Nova-Scalper
5
XAU! 11/8! Create liquidity for the downtrendXAU / USD trend forecast November 8, 2024 Gold prices rose above $2,700 after the Federal Reserve cut interest rates and noted that US election impacts are unlikely to be immediate. Currently, XAU/USD is trading at $2,704, up over 1.7%. Wall Street gained further as the Fed unanimously lowered the federal funds rate by 0.25%. In its statement, the Fed pointed to solid economic growth, though labor market conditions have weakened slightly. Officials also observed that inflation is closer to the Fed’s 2% target but remains somewhat elevated. Long term framework - gold price is still in a downtrend. Market recovered thanks to FED continuing to cut 0.25% as expected. Short term recovery /// SELL XAU : zone 2719-2722 SL: 2727 TP: 50 - 150 - 300 pips (2692) /// BUY XAU : zone 2667-2664 SL: 2659 TP: 50 - 150 - 300 pips (2694) Safe and profitable trading
OANDA:XAUUSDShort
by Moon-ForexAcademy
1