World tension! Gold price momentum increases⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold recorded consecutive gains on Tuesday, rising by 0.70% as escalating tensions in the Russia-Ukraine conflict fueled risk aversion. Investors turned to the safe-haven metal, pushing its price above $2,600 after hitting a two-month low of $2,536.
At the time of writing, XAU/USD is trading at $2,629. The metal's rise was supported by declining US Treasury yields and a weaker US Dollar amidst a light economic calendar. Geopolitical risks also played a major role, with Russia’s intensified attacks on Ukraine and US President Joe Biden’s authorization of long-range missile use within Russia further boosting demand for Gold.
⭐️Personal comments NOVA:
Gold prices recovered at the end of November 2024 thanks to tensions in the world, Russia - Ukraine; Korean peninsula. Recovery continues
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2672 - $2674 SL $2679
TP1: $2665
TP2: $2650
TP3: $2640
🔥BUY GOLD zone: $2612 - $2610 SL $2607 scalping
TP1: $2618
TP2: $2625
TP3: $2640
🔥BUY GOLD zone: $2576 - $2578 SL $2571
TP1: $2588
TP2: $2600
TP3: $2610
⭐️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
Xaubuy
XAU ATH before the US presidential election✍️ NOVA hello everyone, Let's comment on gold price next week from 10/28 - 11/1/2024
🔥 World situation:
Gold prices hold steady late in the North American session before the weekend, rising 0.18% after reaching a record high of $2,758 on Wednesday. Heightened Middle East tensions and uncertainty around the upcoming US elections are steering traders toward the safe-haven metal, with XAU/USD currently trading at $2,740.
Geopolitical issues have overtaken US economic data as the primary influence on gold’s movement. Tensions remained high Friday between Israel and Hezbollah near the Israel-Lebanon border, with Israeli officials reporting that around 45 missiles were launched by the group.
🔥 Identify:
Short-term sideways adjustment in the price range of 2710-2750, gold price continues to expect to reach a new ATH before the US presidential election
🔥 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: $2759, $2782, $2805
Support : $2708, $2680
🔥 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 ! 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
Overview of important economic events in the past 2 weeks: XAU ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The past 2 weeks have witnessed a lot of important economic news such as: ISM Manufacturing PMI,
JOLTS Job Openings, ADP - NF, PMI, Unemployment Claims, CB Consumer Confidence, GDP, PCE,
Pending Home Sales m/m
As the overview chart shows: it can be seen that most of the economic data is not good for the dollar - DXY decreased - XAU increased and stabilized to recover.
The US economy near the US election is quite gloomy - not showing positive recovery + war conflicts in the world (Russia - Ukraine / Israel - Palestine) are still tense
⭐️ Personal opinion:
US macroeconomic factors are not supporting the economy - Gold is still a safe and effective investment channel at present.
⭐️ Technical analysis:
Long-term H1, H4 time frame, after Gold price broke 2350 thanks to positive impact from economic data. Gold price tends to increase greatly, returning above the 2400 area
Pay attention to resistance zones: $2400 , $2430 , $2450
⭐️ 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
Gold bugs to reclaim 1950?We suspect gold has printed an important swing low at $1925, and are now seeking a move towards the $1950 - $1953 zone.
The bullish engulfing candle on the 1-hour chart was accompanied with heavy trading volume to show demand around $1930. Yet the prior consolidation area has heavy volume around $1935, which means it is a potential level for support for dip buyers to focus on.
Prices have already retraced overnight, so we're now seeking evidence of a swing low for a potential move to $1950 / $1953.
CLEAR BULLISH Gold Trend? (READ FULL)TVC:GOLD
CAPITALCOM:GOLD VELOCITY:GOLD NYSE:GOLD ACTIVTRADES:GOLD OANDA:XAUUSD FOREXCOM:XAUUSD
PEPPERSTONE:XAUUSD EIGHTCAP:XAUUSD
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Welcome back, traders! Make sure to bookmark this page for regular market analysis. Today, we're diving into the technical analysis and forecast for the XAU/USD pair, also known as gold. So let's get started!
Gold has soared to new heights, reaching a high of 1962. The recent release of CPI data triggered a free fall in the dollar, further fueling the bullish momentum for gold. The lack of support for the dollar, with the last significant level at 100.80, paints a negative picture for the Dollar Index (DXY). As sellers dominate the market, the DXY faces a potential decline towards double-digit figures, suggesting a favorable environment for gold.
Turning our attention to the gold market itself, it's undeniable that the precious metal is experiencing a strong bullish trend. A notable structural change has occurred in recent days, with gold transitioning from forming lower lows and lower highs to higher lows and a breakthrough of previous resistance levels.
This shift in the market structure presents an excellent opportunity for swing traders to consider taking a long position in gold. The next target for gold lies within the range of 1980 to 2000. A breakthrough above the significant 2000 level could potentially propel gold to new all-time highs, offering even greater opportunities for traders.
Now, let's discuss the trading strategies that can be employed to capitalize on the current market conditions. Given the overbought nature of the market, buying on retracements is a prudent approach. Waiting for a retracement allows for an improved risk-to-reward ratio. During the European session, if gold exhibits a deep retracement or displays a few red candles, it may be an opportune time to consider a buy position around the 1940 level.
Keep in mind that 1940 previously served as a strong resistance level. Given recent developments, it is likely to act as a support level going forward. However, considering the current market price around 1956, it's important to acknowledge the distance between the current price and the desired entry level. In such cases, an alternative support level to watch is around 1945, which may provide a viable bounce opportunity.
To confirm these levels, it's beneficial to utilize the Fibonacci retracement tool. By drawing the Fibonacci retracement from the lowest to the highest point on the chart, we can identify the 0.236 retracement level aligning with 1945, further reinforcing its significance as a potential support level.
In summary, if gold retraces to these identified levels and finds support, it presents an attractive opportunity to enter long positions. However, always exercise strict risk management principles to safeguard your trading capital. In the event of an unexpected deeper retracement, it is crucial to be prepared and adjust your trading strategy accordingly.
That concludes today's analysis of the XAU/USD pair. Remember, market analysis is subject to change, so conduct thorough research and analysis before making trading decisions. Be a trader, not a gambler. Follow strict risk management guidelines, and trade wisely.
Thank you for reading, and stay tuned for more updates on the exciting world of trading gold.
XAU Intra-day Buy SetupAnnotations and markups on chart.
If price respects the low bear resistance and gets up to break M15 supply, we freaking buy! $$$$$$
Sell Setup is just a straight away sell. Heavy selling pressure present but we are at previous levels of month, week, and day. So, we'll see.
Good luck, traders!
Which way will XAUUSD go if markets rally or dive? As we observe the current market trends, it is clear that gold is consolidating. This means that the price of gold (XAUUSD) has stabilized after a period of fluctuation, indicating a possible period of price stability. However, as experts in the field, we advise that traders hold off on trading for the time being.
It is important to note that this consolidation may not last forever, and there may be a potential for a breakout in either direction. However, predicting which way the market will move is complex, and it is best to exercise caution and wait for a clearer signal before making any trades.
We understand that the urge to trade may be strong, but we urge you to resist the temptation and wait for a more favorable market condition. In the meantime, we will continue monitoring the market and update you on any significant changes.
Thank you for your attention, and we wish you all the best in your trading endeavors.
Gold Long Update (Caution)This is a cautionary update to the gold long I posted a few days ago, I see a Pump/dump on OANDA. If this is not a glitch, it means some whale collected all the shorts from top of the wick, so there may be more downside on Gold.
highlighted the wick, I don't see it on other exchanges.
9 March 23: XAUUSD Price Bottom $1813. BULLISH $2000Kuala Lumpur, 9 March 2023 - Gold after the FED effect has bottom on $1813.
Robust price has been developed which seller quitted.
Bitcoin and cryptocurrency trader has tired.
Withdrawal and they putting into GOLD #xauusd right now.
While kathy wood pumped money not into coins but into coinbase.
We know she know something about the broker and confident about it.
She not buy into coins, she invest the hoe for the gold digger.
Chinese is piling a stock of gold.
An occasion that happen only 2 years once in tradition to buy gold.
For me, gold price is steady and support around the price of $1800 base.
FInd out that $1810-$1813 is the base that being the price key to bullish.
Shark use the first sentiment to sell gold and close trade on FED first comment.
Second day, they started buying in after selling and close their position.
They knew the price sector in gold right now is robust after a drop -1.6% (almost 2%)
This is the typical level percentage to buy the gold cheap.
The whole world is waiting for the massive bull run in gold. The end has near.
This is the good tragedy for the bear. In case,if you never see it the bull has started on gold.
Keep hold the gold above $1800.
The last chances in the century that gold will never go below $2000.
New era of the $2000.
-Zezu Zaza
Hedge Fund Manager Malaysia
8th June 2022: XAUUSD Prediction to $19007th June 2022, Kuala Lumpur - From the table of the analysis and database of Kayateruk Group, we are seeing a projection that coming and detecting some of the new trend to accumulate gold position.
In the rebound and rising gold today due to weakening in dollar and yield for the overbought territory, we confirmed that the next target for gold is to landed into its 'sweet spot' trajectory which is $1,9000.
When the gold has established some of their move towards its position and conquered the base, the gold is set to checkmate the floor of $1,900 and will lead to new territory home of $2,000.
The pattern of cup pattern will be established but be careful for the broadening wedges pattern that developed around the corned.
After the gold has touched the $1,900, we predicted the gold will drop down for its retracement on 1,870 and 1,880 before waiting for the next wave to be established at those moment.
We are bullish on gold more than ever by buying more gold whiles its cheap under $2,000 price.
The next new era will begun on $2,000 price and now bull are buying more gold while in its intrinsic cheap value.
Lots of gold in the shop at Malaysia finished much more faster than before.
The demand will keep on rising with gold on this inflation running high.
KAYATERUK GROUP INTERNATIONAL
Gold Buy (MERRY CHRISTMAS!)We are seeing what is called a full exhaust within the gold price action. There is a potential buy within the 62-69 range HOWEVER! This could be a potential manipulation followed by a further exhaust (the bank pushing price action to the price THEY DESIRE!) we will do what all little fish would do. FOLLOW THE SHARKS !! MERRY CHRISTMAS MY FELLOW JEDI PADAWAN & MASTERS !! I love you guys AND AS ALWAYS!!! MAY THE FORCE BE WITH YOU !
Is GOLD able to switch to a new Uptrend?Gold touched 1960 in early 2021 , after that it started a downtrend until now
The descending channel is about to break and price got stuck in a trading range zone (yellow box)
If this trading range box could break from the top strongly and gold made a new high higher than 1760 , a new uptrend will start
Otherwise we should wait ....
GOLD BUY | Good Luck traders Hello Traders, here is the full analysis for this pair.
Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity in GOLD .
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
GOLD (XAU) ORDER BUY OR LONG (PENNANT PATTERN) UP TO $2280GOLD , We just went through a huge bull wave in gold, the question is is it over? My personal answer is not yet .
Gold is making a little quick adjustment to form a potential bullish pattern "Pennant" .
- Please note that purchases are not allowed if the price is not already in the $ 2010 range.
GOLD (XAU) : order buy : $2010
GOLD (XAU) : target : $2280 +-10
After purchasing the stop loss depending on your campaign, I usually only accept a loss of about 10% per trade. , thanks !