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XAU ! 10/17 waiting for new ATH 2712XAU / USD trend forecast October 17, 2024 Gold price (XAU/USD) continued its upward trend and retested its all-time high on Wednesday, driven by expectations of rate cuts from major central banks. Markets have fully priced in a 25 basis points cut by the US Federal Reserve in November. Additionally, weak inflation data from Europe and the UK has strengthened expectations for more aggressive rate cuts by the ECB and BoE. This resulted in lower yields, supporting the non-yielding gold. Strong uptrend - H2 frame forms DOW theory for next new ATH opportunity: 2712 /// SELL XAU : zone 2712-2715 SL: 2720 TP: 50 - 100 - 300 pips (2685) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
6
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
OANDA:XAUUSDLong
by Nova-Scalper
3
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
OANDA:XAUUSDLong
by Moon-ForexAcademy
7
XAU recovers - positive market !! $2685⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices (XAU/USD) rose for the second consecutive day on Wednesday, reaching a one-and-a-half-week high of around $2,670 during the Asian session. Lower US Treasury yields pulled the US Dollar away from its two-month peak, supporting gold. Additionally, weaker global equity markets and ongoing geopolitical risks boosted demand for the safe-haven metal. Central bank demand further supported gold prices, though expectations of a less aggressive policy easing by the Federal Reserve (Fed) and a likely 25 basis point rate cut in November may limit any significant USD decline. Moreover, reports that Israel won't target Iran’s oil and nuclear sites could cap further gains for gold, suggesting caution for additional upward movement. ⭐️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: 🔥BUY GOLD zone: $2651 - $2649 SL $2644 TP1: $2660 TP2: $2670 TP3: $2683 🔥SELL GOLD zone: $2671 - $2673 SL $2677 SCALPING TP1: $2665 TP2: $2660 TP3: $2650 🔥SELL GOLD zone: $2683 - $2685 SL $2690 TP1: $2675 TP2: $2668 TP3: $2660 ⭐️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
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
OANDA:XAUUSDLong
by Moon-ForexAcademy
1
Gold sideways - large range 2605 - 2682! next week ✍️ NOVA hello everyone, Let's comment on gold price next week from 10/14 - 10/18/2024 🔥 World situation: Gold surged over 1% on Friday, with the metal on track to close the week with a modest 0.20% gain, following inflation data and Thursday's Consumer Price Index (CPI) report, which slowed the US Dollar’s advance. Currently, XAU/USD is trading at $2,658. Mixed economic data supported gold's rise. The US Bureau of Labor Statistics (BLS) reported producer prices close to expectations, signaling inflation is declining but still above forecasts. Meanwhile, the University of Michigan's October Consumer Sentiment showed a decline, reflecting concerns about higher living costs. 🔥 Identify: After gold broke the H1 downtrend, there was a recovery above 2650. Still in the long-term H4 uptrend. However, there is a high possibility that it will still move sideways to accumulate more in October (price range 2605-2682). 🔥 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: $2682, $2700, $2710 Support : $2629, $2605, $2575 🔥 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
Break ! Gold recovered unexpectedly after CPI news⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices regained some ground on Thursday, rising 0.67% during the North American session following a hotter-than-expected US inflation report, balanced by weaker jobs data. However, hawkish remarks from a Federal Reserve (Fed) official limited gold’s gains. XAU/USD is trading at $2,624, rebounding from a daily low of $2,603. While US inflation for August was slightly higher than anticipated, soft job data provided some relief. The US Department of Labor reported more unemployment claims than expected, raising the possibility of more aggressive Fed rate cuts. ⭐️Personal comments NOVA: Gold price creates CHOCH in H1 frame - structural change from decreasing to increasing. Gold price recovered. Pay attention to the resistance zones: 2652, 2668 ⭐️SET UP GOLD PRICE: 🔥BUY GOLD zone: $2628 - $2626 SL $2623 scalping TP1: $2634 TP2: $2640 TP3: $2650 🔥BUY GOLD zone: $2605 - $2603 SL $2598 TP1: $2615 TP2: $2622 TP3: $2633 🔥SELL GOLD zone: $2668 - $2670 SL $2675 TP1: $2660 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 - The winner is the one who sticks with the market the longest
OANDA:XAUUSDLong
by Nova-Scalper
2
sideway and accumulation! XAU! 10/8XAU / USD trend forecast October 8, 2024 Gold prices dipped during Monday's North American session, trading between $2,630 and $2,659, as rising US Treasury yields limited gains. However, the intensifying conflict in the Middle East prevented further declines. XAU/USD is at $2,645, down 0.30%. Market sentiment worsened due to ongoing violence, with Israel expanding ground operations in Lebanon and Hamas firing rockets at Tel Aviv. Ceasefire hopes diminished as groups like the Houthis also attacked ships in the Red Sea, escalating the conflict. The price range of 2625-2685 is almost awaited by investors to wait for the next interest rate information, the longer the accumulation, the stronger the gold price fluctuates. Sideway will continue today. /// BUY XAU : zone 2624-2627 SL: 2619 TP: 50 - 100 - 200 pips (2644) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
1
BREAK - NF create new ATH 2700 ?⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The US Department of Labor reported a slight rise in unemployment claims to 225K for the week ending September 28, up from 218K. This follows stronger-than-expected private-sector job growth in September and an unexpected increase in job openings in August, signaling a resilient labor market. Additionally, the ISM Non-Manufacturing PMI rose to 54.9 in September, its highest since February 2023, indicating solid economic performance in the third quarter. ⭐️ Personal comments NOVA: Gold price begins to break the downtrend in H1 frame - expect NF to push gold price to continue increasing today ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2625 - $2623 SL $2618 TP1: $2632 TP2: $2640 TP3: $2650 🔥SELL GOLD zone: $2698 - $2700 SL $2705 TP1: $2690 TP2: $2680 TP3: $2670 ⭐️ 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
10/4/24 wait news ATH from XAU ! NF XAU / USD trend forecast October 4, 2024 Gold price (XAU/USD) continues trading within a narrow range, as traders await a new catalyst to determine the next directional move. Attention is focused on the upcoming US Nonfarm Payrolls (NFP) report, set to be released later on Friday. The data could shape expectations about the pace of the Federal Reserve's rate cuts, impacting US Dollar demand and influencing gold prices. NF and war tensions are the main drivers for gold prices to continue to rise - creating new ATH /// SELL XAU : zone 2698-2700 SL: 2706 TP: 50 - 100 - 200 pips (2680) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
1
PMI - momentum for NF - prepares to increase prices⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices remain supported by escalating Middle East tensions. On Tuesday, Iran fired over 200 missiles at Israel, and early Thursday, Israel launched airstrikes on central Beirut, Lebanon, increasing fears of a larger conflict. This ongoing instability boosts demand for safe-haven assets like gold. Meanwhile, traders are likely holding back from making strong moves, awaiting Friday's key US Nonfarm Payrolls (NFP) report for clearer direction. ⭐️ Personal comments NOVA: According to the H1 frame - gold prices form an upward trend - NF this week will determine the upcoming trend for Gold - NOVA leans towards upward price momentum thanks to middle east tensions - gold price has more upward momentum ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2644 - $2641 SL $2637 TP1: $2650 TP2: $2660 TP3: $2672 🔥SELL GOLD zone: $2672 - $2674 SL $2679 TP1: $2665 TP2: $2650 TP3: $2641 ⭐️ 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 - The winner is the one who sticks with the market the longest
OANDA:XAUUSDLong
by Nova-Scalper
8
XAU 10/3 ! break and buy now ! touch old ATH 2681XAU / USD trend forecast October 3, 2024 Gold price (XAU/USD) remains under pressure during Thursday's Asian session due to a stronger US Dollar, supported by reduced expectations of aggressive Fed rate cuts. Wednesday's positive US ADP report highlighted labor market stability, causing investors to further lower their bets on a large rate cut in November. As a result, the USD Index (DXY) reached a three-week high, weakening demand for gold. Gold price moves in large range - touches H2 downtrend trendline Upward view based on world war tension in the middle east /// BUY XAU : zone 2641-2644 SL: 2636 TP: 50 - 100 - 300 pips (2671) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
6
XAU ! 9/27 waiting for 2700 increaseXAU / USD trend forecast September 27, 2024 The US Dollar is struggling to extend Wednesday's recovery due to dovish Fed expectations, which continue to support Gold prices. Although some Fed officials have pushed back against aggressive easing, markets are still anticipating a 50 basis point rate cut in November. Fed Chair Jerome Powell’s speech on Thursday will be closely watched for guidance on future rate cuts and the direction of XAU/USD. Key US data, including Q2 GDP, Jobless Claims, and Durable Goods Orders, along with comments from other FOMC members, may also influence the market. Based on M30, Uptrend still dominates long-term frames H1, H4 /// BUY XAU : zone 2655-2652 SL: 2647 TP: 50 - 150 - 300 pips (2682) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
2
2702 ! XAU/USD offers the most positivity ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold price (XAU/USD) edged lower during Friday’s Asian session but remains close to the recent record high. The US Dollar (USD) recovers some of its previous losses as traders adjust positions ahead of the US Personal Consumption Expenditure (PCE) Price Index release. This, combined with a positive market sentiment and overbought signals, creates pressure on gold. However, expectations of more aggressive rate cuts from the Federal Reserve (Fed) may limit any significant USD gains. Additionally, ongoing geopolitical tensions in the Middle East continue to support safe-haven assets like gold, helping to cushion its decline. Traders await the US inflation data, which could impact the Fed's rate-cut plans and drive gold’s next move. ⭐️Personal comments NOVA: Friday with PCE news brings gold's strongest week of gains - ATH target reaches 2702 ⭐️SET UP GOLD PRICE: 🔥BUY GOLD zone: $2655 - $2653 SL $2650 scalping TP1: $2660 TP2: $2670 TP3: $2680 🔥BUY GOLD zone: $2642 - $2640 SL $2635 TP1: $2655 TP2: $2662 TP3: $2670 🔥SELL GOLD zone: $2701 - $2703 SL $2708 TP1: $2690 TP2: $2680 TP3: $2660 ⭐️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
XAU ! price increase ATH 2691 ! 9/26XAU / USD trend forecast September 26, 2024 The US Dollar is struggling to maintain Wednesday's recovery gains due to expectations of a dovish Federal Reserve, which supports Gold prices. Despite efforts from Fed officials to downplay the chances of aggressive easing, markets are still expecting a 50 basis point rate cut in November. Fed Chair Jerome Powell’s speech on Thursday will be closely watched for signals on future rate cuts and the direction of XAU/USD. Key US data, including Q2 GDP, Weekly Jobless Claims, and Durable Goods Orders, along with speeches from other FOMC members, could also impact the outlook. Based on M30, break resistance 2670 , ATH new /// BUY XAU : zone 2653-2650 SL: 2645 TP: 50 - 150 - 300 pips (2680) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
2
GDP ! Opportunities for Gold to continue rising this week⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) continues its sideways movement for the second day on Thursday, staying close to the recent record high. Traders are holding off ahead of Federal Reserve (Fed) Chair Jerome Powell's speech, which could offer insights into future interest rate cuts and influence gold’s next direction. Meanwhile, expectations of another significant rate cut by the Fed haven't helped the US Dollar (USD) recover from its recent low. Additionally, escalating tensions in the Middle East and concerns about China's economic recovery, despite stimulus efforts, support gold as a safe-haven asset. However, with gold slightly overbought, caution is advised before betting on further gains. ⭐️ Personal comments NOVA: Uptrend is still the main trend - Today there continues to be US GDP news, waiting for the FOMO price increase to continue for Gold, a green week for XAU / USD ⭐️SET UP GOLD PRICE: 🔥 BUY GOLD zone: $2643 - $2641 SL $2638 scalping TP1: $2648 TP2: $2652 TP3: $2660 🔥 BUY GOLD zone: $2627 - $2625 SL $2620 TP1: $2635 TP2: $2645 TP3: $2660 🔥 SELL GOLD zone: $2683 - $2685 SL $2690 TP1: $2670 TP2: $2655 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
OANDA:XAUUSDLong
by Nova-Scalper
8
9/25 ! XAU increased strongly ! New ATH 2682XAU / USD trend forecast September 25, 2024 Following the data release, US Treasury yields fell slightly, with the 10-year note dropping to 3.73%. The US Dollar Index (DXY) also declined by 0.42%, hitting a two-day low of 100.48. Fed Governor Michelle Bowman, known for her hawkish stance, emphasized significant inflation risks and supported a gradual approach to rate cuts to avoid reigniting inflation. Based on M30, NEW ATH to set up SELL signal /// SELL XAU : zone 2681-2684 SL: 2689 TP: 50 - 150 - 300 pips (2654) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
1
XAU is up strongly! 2640XAU / USD trend forecast September 24, 2024 On Monday, Fed regional presidents noted rising risks in the labor market but opposed a 50 bps rate cut, signaling a cautious approach for future meetings. This slowed the XAU/USD rally. However, escalating tensions between Israel and Hezbollah, with the US sending more troops to the Middle East, could boost Gold prices as risk appetite declines. Based on M45, NEW ATH to set up SELL signal /// SELL XAU : zone 2639-2642 SL: 2647 TP: 50 - 150 - 250 pips (2617) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
5
Is $2600 approaching XAU price?⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) climbed for the third consecutive day, hitting a new all-time high of $2,589 during Monday’s Asian session. Traders are factoring in the possibility of a larger Fed rate cut due to signs of easing US inflation, which has weakened the US Dollar near its yearly low, boosting gold. Additionally, US political uncertainty and ongoing geopolitical risks continue to support demand for the safe-haven metal. However, a positive tone in global equities limits further gains. Traders are cautious ahead of key central bank decisions from the Fed, BoE, and BoJ this week. ⭐️ Personal comments NOVA: Gold price is still on the path to increase in price to reach a new ATH - Positive FOMO from the market before the news of interest rate reduction this week ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2565 - $2563 SL $2558 TP1: $2572 TP2: $2580 TP3: $2590 🔥BUY GOLD zone: $2551 - $2549 SL $2544 TP1: $2557 TP2: $2563 TP3: $2570 🔥SELL GOLD zone: $2600 - $2602 SL $2607 TP1: $2590 TP2: $2575 TP3: $2560 ⭐️ 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
FOMC - Special important information next week ✍️ NOVA hello everyone, Let's comment on gold price next week from 9/16 - 9/20/2024 🔥 World situation: Gold prices soared to a new all-time high of $2,586, driven by a weakening US Dollar on Friday. Expectations of a larger Fed rate cut are fueling the rally, with some predicting gold could reach $3,000. XAU/USD is currently trading at $2,582, up nearly 1%. CME FedWatch Tool data shows increased bets on a 50-basis-point rate cut by the Fed, jumping from 27% to 43% after a Wall Street Journal article by Nick Timiraos and comments from former New York Fed President William Dudley. Meanwhile, odds for a 25 bps cut fell to 57%. 🔥 Identify: Gold price officially created ATH 1 week before FOMC, this is the psychology that FED will almost certainly lower interest rates next week. The higher ATH target next week continues to take place but not too large. Expected new ATH zones: 2602, 2638 🔥 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: $2602, $2638, 2676 Support : $2559, $2531, 2505 🔥 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
XAU / USD ! Upward price trend awaits ! 4th quarter 2024🔔🔔🔔🔔 NOTE XAU/USD overview: in September 2024 🔥One thing worth noting: ✅7 resistance tests: 2528-2531 ✅3 times support testing: 2472-2470 Another very important price zone at the end of 2024. Decide the future trend for Gold 🔥With 7 resistance tests: shows that buyers have the majority - overwhelming. However, it cannot be overcome. NOVA thinks the main reason is because large funds - coordination of countries want to adjust prices to reach ATH at the appropriate time (for example: September interest rate reduction, November US presidential election). 🔥Technical H4 frame: supports a very nice Uptrend 🦋🦋Technical - economic / political combination. To decide the appropriate trend and time ---------- NEW ATH: 2560 - 2590 - 2650 ----------- ⭐️ 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
FOMO - reach higher ATH! XAU maybe reach 2590⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) held onto modest gains early Friday, trading near the record high of $2,565-$2,570. Thursday’s softer US Producer Price Index (PPI) report signaled easing inflation, boosting expectations of a larger Fed rate cut next week. This was supported by falling US Treasury yields and a weaker US Dollar, benefiting the non-yielding metal. Geopolitical tensions in the Middle East and the Russia-Ukraine conflict also bolster gold's safe-haven appeal. The recent breakout from a multi-week range suggests further upside, though bulls may remain cautious ahead of next week’s key central bank decisions from the Fed, BoE, and BoJ. ⭐️ Personal comments NOVA: Break old ATH 2531, fomo Gold price has huge buying pressure. Continue to expect the price range of 2590, the new ATH for Gold ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2547 - $2545 SL $2542 TP1: $2552 TP2: $2560 TP3: $2570 🔥BUY GOLD zone: $2530 - $2528 SL $2523 TP1: $2540 TP2: $2550 TP3: $2560 🔥SELL GOLD zone: $2590 - $2592 SL $2597 TP1: $2575 TP2: $2560 TP3: $2550 ⭐️ 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
10
PPI ! Catalyst for Uptrend ! XAU INCREASE⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) have pared some intraday gains but remain above the $2,500 mark during early European trading on Thursday. Wednesday's US Consumer Price Index (CPI) report showed persistent inflation, dampening hopes for a larger Fed rate cut. This boosted US Treasury yields and the Dollar, weighing on gold. A positive tone in equity markets also limits gold’s upside. However, expectations of a Fed rate cut in September, and more easing later this year, help support prices. Traders are cautious, awaiting the US Producer Price Index (PPI) for further direction. ⭐️ Personal comments NOVA: The long-term frame supports the Uptrend. We hope to see a new ATH soon ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2503 - $2505 SL $2498 TP1: $2510 TP2: $2520 TP3: $2530 🔥BUY GOLD zone: $2492 - $2490 SL $2485 TP1: $2497 TP2: $2503 TP3: $2510 🔥SELL GOLD zone: $2543 - $2545 SL $2550 TP1: $2535 TP2: $2520 TP3: $2510 ⭐️ 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