wait NEW ATH 2771 ! positive from the market XAU

Oct 29

⭐️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

Oct 29

Trade active

Gold price (XAU/USD) maintains its bid tone heading into the European session on Tuesday and currently trades just above the $2,750 level, well within the striking distance of the record high touched last week. Against the backdrop of geopolitical risks, the US political uncertainty turns out to be a key factor acting as a tailwind for the safe-haven precious metal. Apart from this, a softer tone surrounding the US Treasury bond yields and the cautious market mood lend additional support to the commodity.

Oct 29

Order cancelled

Gold price forms DOW H1 - continuing the upward trend

Oct 29

Trade active

Sideway - wait for the US session to participate in the transaction

Oct 29

Trade closed: stop reached

Still waiting - sideway to reach new ATH for XAU

Oct 29

Trade active

+ 80 pips , signal SELL PLAN DAY 2771-2773 , amazing

Oct 29

Trade closed manually

Gold price slowed down after reaching the highest ATH of 2772. Continued positivity in the following days

Oct 30

Trade active

Strong uptrend - ATH 2771 : 2787 : completed

Wait for the upcoming 2800 resistance zone for XAU | USD

Oct 31

Order cancelled

Continue making ATH - 2800 price zone becomes very close next

Oct 31

Trade active

plan XAU / USD : 10/31/2024

⭐️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

Oct 31

Order cancelled

The $2800 price range is highly likely to be reached this week

Oct 31

Trade active

The Automatic Data Processing (ADP) reported on Wednesday that private sector employers added 233K new jobs in October as compared to the previous month's upwardly revised reading of 159K and better-than-expected consensus estimates.
The data points to a resilient labor market, which, along with a series of upbeat US data released recently, suggested that the economy remains on strong footing and supports prospects for a less aggressive easing by the Federal Reserve.

Oct 31

Trade closed: target reached

Gold price stabilized and recovered above the 2740 area

Nov 1

Trade active

Update : Plan 11/1/2024

Personal comments NOVA:
After yesterday's unemployment data - good for the dollar - gold fell sharply. This could be a sign of a major correction as important NF data is released today

SET UP GOLD PRICE:

SELL GOLD zone: $2762 - $2764 SL $2767 scalping
TP1: $2755
TP2: $2748
TP3: $2740

SELL GOLD zone: $2788 - $2790 SL $2795
TP1: $2780
TP2: $2770
TP3: $2760


BUY GOLD zone: $2712 - $2710 SL $2705
TP1: $2720
TP2: $2730
TP3: $2740

Nov 1

Trade closed: target reached

Gold price decreased before NF news, trading around 274x