XAUUSD = Selling goldOANDA:XAUUSD
The analysis is done in a 4-hour and daily time frame, because the market needs a correction to the 2420 zone for higher goals, and I sell the market.
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CPI - Can Gold Price Surpass ATH?⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) faced fresh selling after a brief rise to the $2,472-2,473 area during the Asian session and fell for the second consecutive day on Wednesday. A positive mood in the equity markets is drawing investors away from the safe-haven metal. Additionally, some traders are adjusting positions ahead of the key US consumer inflation data, set to be released later today.
However, concerns about a broader Middle East conflict and expectations of a dovish Federal Reserve (Fed) should help limit further losses. Tuesday's data indicated that inflation is slowing, increasing the likelihood of deeper Fed rate cuts, which keeps the US Dollar (USD) near a one-week low and could provide some support to gold, making aggressive bearish moves risky.
⭐️ Personal comments NOVA:
Need to surpass ATH 2482, Gold price needs to create more liquidity, needs an adjustment period to continue increasing. CPI today, experts' expectations for Gold to decrease more
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2441 - $2439 SL $2434
TP1: $2455
TP2: $2470
TP3: $2485
🔥SELL GOLD zone: $2485 - $2487 SL $2490 scalping
TP1: $2480
TP2: $2470
TP3: $2460
🔥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 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
My Next Scenario for GoldHi guys,
Based on the chart I see that a triple top has been shaped and broken in 1H timeframe , and I consider the current up movement as a correction.
So Based on this scenario I put my entry point for this movement.
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WEEKLY REVERSAL WEDNESDAY IN SALES
We observe a monthly macro downtrend that we believe may continue to hold. At the beginning of the week, the institution creates an accumulation, followed by a manipulation in the price, breaking that accumulation and making the masses think that the price will continue to drop. However, it is actually a buy to generate more liquidity and achieve a better price for the macro sell that the price has been respecting.
Gold Prices Likly To Drop TodayOur technical analysis and market indicators suggest that gold is likely to experience a sell-off tomorrow, reversing the gains made in recent trading sessions. the expected sell entry would be 67 and 63. This pessimistic forecast is supported by concerning fundamental factors, including:
- Weakening investor demand for safe-haven assets
- Central banks' potential reduction in gold reserves accumulation
- Unfavorable macroeconomic conditions, such as rising interest rates and a strengthening US dollar
Gold Price MONDAY - Correction to Go Up⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) struggled to build on the gains from the past two days and traded within a narrow range during Monday's Asian session. A positive tone in the equity markets created some headwinds for the safe-haven metal, but several factors should prevent significant losses. The potential for escalating geopolitical tensions in the Middle East may temper market optimism. Additionally, dovish expectations for the Federal Reserve (Fed) are keeping US Dollar (USD) strength in check, which should offer support to gold.
⭐️ Personal comments NOVA:
Gold price at the beginning of the week was mainly sideways around the 2410 - 2440 range, slightly adjusted to continue the stronger uptrend during the week.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2407 - $2409 SL $2402
TP1: $2415
TP2: $2422
TP3: $2430
🔥SELL GOLD zone: $2458 - $2460 SL $2465
TP1: $2450
TP2: $2440
TP3: $2430
⭐️ 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
XAU sideway - accumulation !! under $2400⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) attracted buyers during the Asian session on Thursday, breaking a four-day losing streak. Market sentiment remains fragile due to concerns about an economic slowdown in China and a potential US recession. Additionally, ongoing Middle East conflicts continue to boost demand for the safe-haven metal.
Friday's weak US employment report for July increased expectations of significant interest rate cuts by the Federal Reserve (Fed), along with a decline in US Treasury bond yields, putting pressure on the US Dollar (USD) and supporting Gold prices. Furthermore, the recent rebound from the 50-day Simple Moving Average (SMA) suggests potential for further appreciation.
⭐️Personal comments NOVA:
Gold price is in the sideway price range: 2380 - 2420, buyers and sellers are having high competition in the context of this week not having much important economic data, focus is on concerns that a war in the Middle East may break out.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2365 - $2367 SL $2360
TP1: $2375
TP2: $2382
TP3: $2390
🔥SELL GOLD zone: $2418 - $2420 SL $2426
TP1: $2405
TP2: $2398
TP3: $2390
⭐️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
BTCUSDT in selling pressureHi guys, Based on the chart we've experienced a strong drop in previous days and I assume this current movement as a correction.
So we clearly see that the structure on 1H timeframe is broken and the price comes below the trend line.
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Good luck!
XAU in bearish range - holding below 2420⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) is facing selling pressure for the fourth consecutive day on Wednesday, but it maintains a position above the weekly low. Recent sharp losses and signs of stability in global equity markets are affecting the appeal of gold as a safe haven. Additionally, slight strength in the US Dollar (USD) is putting more pressure on gold.
However, expectations for significant interest rate cuts by the Federal Reserve (Fed), coupled with ongoing recession concerns in the US, may prevent substantial gains for the Dollar. Moreover, worries about an economic slowdown in China and potential geopolitical tensions in the Middle East should continue to support gold prices and reduce the risk of further declines.
⭐️ Personal comments NOVA:
Gold price within range decreases H1 - sideway zone waiting for market stabilization within range 2370 - 2420
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2351 - $2353 SL $2346
TP1: $2365
TP2: $2378
TP3: $2385
🔥SELL GOLD zone: $2419 - $2421 SL $2426
TP1: $2410
TP2: $2400
TP3: $2390
⭐️ 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
Markets fear recession - XAU falls⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) hit a one-week low on Monday, but managed to defend and bounce back from the 50-day Simple Moving Average (SMA) support around the $2,365-2,364 area. Softer incoming US macro data heightened concerns about a potential downturn in the world’s largest economy and increased expectations for more significant interest rate cuts by the Federal Reserve (Fed). This situation led to a recent decline in US Treasury bond yields, which, together with the escalating Middle East crisis, provides some support to the safe-haven precious metal.
However, a shift in risk sentiment, indicated by a relief rally in the equity markets, could pose a challenge for gold prices amid recovering US bond yields, which support the US Dollar (USD). Nonetheless, the overall fundamental backdrop seems to favor bullish traders, suggesting that the path of least resistance for XAU/USD is upward. Therefore, weakness below the $2,400 mark might continue to attract buyers and remain limited in the absence of significant US economic data releases.
⭐️ Personal comments NOVA:
The financial downturn on Monday, due to concerns about the US economic recession, caused the price of Gold to fall sharply, and there was still selling pressure from the bears when there was not much important economic news today.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2373 - $2375 SL $2368
TP1: $2382
TP2: $2390
TP3: $2400
🔥BUY GOLD zone: $2386 - $2384 SL $2380
TP1: $2392
TP2: $2400
TP3: $2410
🔥SELL GOLD zone: $2428 - $2430 SL $2435
TP1: $2420
TP2: $2410
TP3: $2390
⭐️ 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
GBPNZD Good potential Currency pair to dropAs I look at this chart, I consider this as a good potential chart to drop further.
However I just recently see this opportunity and didn't set my order, but I will set my pending order based on the sell order I put on the chart.
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Good luck!