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Longgold

Interest rate cut, can gold reach 3700?✍️ NOVA hello everyone, Let's comment on gold price next week from 09/15/2025 - 09/19/2025 ⭐️GOLDEN INFORMATION: Gold (XAU/USD) climbed 0.44% in Friday’s North American session, trading near $3,649 after rebounding from $3,630, as weak US labor and sentiment data strengthened expectations of a Fed rate cut next week. Softer University of Michigan Consumer Sentiment, rising jobless claims, and a steep payrolls revision overshadowed this week’s inflation figures, reinforcing the view that the labor market is cooling. Markets now widely anticipate the first rate cut at the September 17 FOMC meeting, following Chair Powell’s signal at Jackson Hole that policy adjustments may be needed. ⭐️Personal comments NOVA: Financial markets await the outcome of interest rate cuts next week. Gold prices are expected to continue rising, reaching 3700. 🔥 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: $3674, $3700 Support: $3612, $3578 🔥 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
Gold price accumulates in uptrend above 3574⭐️GOLDEN INFORMATION: Gold (XAU/USD) extends Thursday’s rebound, climbing past $3,650 in Friday’s Asian trade and staying close to this week’s record high. Weaker US jobs data overshadowed hotter inflation, reinforcing Fed rate-cut bets, pressuring the Dollar to its lowest since late July and lifting demand for the metal. Political unrest in France and Japan, persistent trade frictions, and rising geopolitical risks further support safe-haven flows. Despite overbought conditions and a risk-on mood in equities, Gold remains on track for a fourth straight weekly gain, with momentum favoring the upside. ⭐️Personal comments NOVA: Gold prices continue to recover, accumulating in an uptrend. The market is still very excited because of the interest rate cut on September 17. ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: 3674- 3676 SL 3681 TP1: $3666 TP2: $3650 TP3: $3640 🔥BUY GOLD zone: $3573-$3575 SL $3568 TP1: $3588 TP2: $3600 TP3: $3610 ⭐️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
OANDA:XAUUSDLong
by Nova-Scalper
1
continue to maintain long-term uptrend⭐️GOLDEN INFORMATION: Gold (XAU/USD) extends its intraday climb on Tuesday, holding near record highs as weak US jobs data reinforces expectations of aggressive Fed rate cuts. The softer labor outlook limits the Dollar’s rebound and supports renewed demand for the safe-haven metal after Monday’s brief pullback. ⭐️Personal comments NOVA: Gold prices continue to maintain an upward trend, with strong buying power ahead of the interest rate cut. The market is still very excited. ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: 3684- 3686 SL 3691 TP1: $3675 TP2: $3662 TP3: $3650 🔥BUY GOLD zone: $3596-$3598 SL $3591 TP1: $3608 TP2: $3620 TP3: $3633 ⭐️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
OANDA:XAUUSDLong
by Nova-Scalper
3
short correction, continue to create new ATH⭐️GOLDEN INFORMATION: Gold (XAU/USD) consolidates near record highs just below $3,600 on Monday, pausing after Friday’s surge. A modest US Dollar rebound and upbeat equity sentiment cap gains, though expectations of aggressive Fed rate cuts and continued central bank buying underpin the metal. Overbought conditions may limit fresh upside ahead of key US inflation data later this week. ⭐️Personal comments NOVA: Selling pressure, short-term profit taking at ATH 3600. Gold price adjusted down to accumulate for the upcoming big uptrend. ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: 3612- 3614 SL 3619 TP1: $3600 TP2: $3590 TP3: $3580 🔥BUY GOLD zone: $3563-$3561 SL $3556 TP1: $3570 TP2: $3580 TP3: $3590 ⭐️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
OANDA:XAUUSDLong
by Nova-Scalper
1
keep growing, new ATH 3648✍️ NOVA hello everyone, Let's comment on gold price next week from 09/08/2025 - 09/12/2025 ⭐️GOLDEN INFORMATION: Gold (XAU/USD) surged to a record high of $3,600 on Friday after weak US Nonfarm Payrolls data fueled speculation of aggressive Fed rate cuts. The metal trades at $3,594, up 1.30%, as soft labor data drove Treasury yields and the Dollar lower. The 2-year yield, most sensitive to Fed policy shifts, slid over 11 basis points to 3.48%, reinforcing expectations of imminent easing. ⭐️Personal comments NOVA: Gold price hits new ATH 3600 and still maintains uptrend, bullish momentum thanks to interest rate cut in September 🔥 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: $3648 Support: $3508, $3465 🔥 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
Gold prices are still supporting price increases⭐️GOLDEN INFORMATION: Gold (XAU/USD) inches higher in Friday’s Asian session, extending its rebound from the $3,500 level and staying close to this week’s record highs. Expectations of at least two Fed rate cuts this year, starting in September, keep the US Dollar subdued and support the safe-haven metal, while trade tensions add to its appeal. However, upbeat risk sentiment and overbought conditions could cap gains as traders await the US Nonfarm Payrolls report later today for fresh cues on Fed policy. ⭐️Personal comments NOVA: The market is expecting continued good news for gold, rate cuts and gold hitting above 3600. ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: 3600- 3598 SL 3605 TP1: $3585 TP2: $3568 TP3: $3552 🔥BUY GOLD zone: $3482-$3484 SL $3477 TP1: $3490 TP2: $3500 TP3: $3510 ⭐️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
OANDA:XAUUSDLong
by Nova-Scalper
1
Good News and Bad News for Gold as It Hits Record HighsAs gold continues to surge to record highs (~$3600) , two major risks exist that could impact its momentum—one potentially positive, and the other negative. The Potential Removal of Trump's Tariffs A federal appeals court recently ruled that Trump’s tariffs, imposed under the International Emergency Economic Powers Act, were unlawful. As a result, U.S. businesses have paid over $210 billion in tariffs that are now considered illegal. Trump’s administration is preparing an appeal to the Supreme Court, and if the tariffs are reversed, it could reduce Treasury revenue. This could lead to increased borrowing, potentially putting downward pressure on gold prices. Concerns Over the Fed's Independence Concerns about the Federal Reserve's independence also pose a risk to gold. If these concerns grow, markets could price in a higher risk premium against the dollar, which could boost gold’s appeal. Helping to moderate these concerns, at least for now, two Republican senators recently announced they would block any replacement for Fed Governor Lisa Cook until her lawsuit over her firing is resolved.
BLACKBULL:XAUUSD
by BlackBull Markets
Gold price continues to find new ATH⭐️GOLDEN INFORMATION: Gold (XAU/USD) extends its two-week rally, surging to a fresh record high near $3,546 in Wednesday’s Asian session as expectations of a Fed rate cut and lingering trade tensions boost safe-haven demand. However, a stronger US Dollar, overbought technical conditions, and caution ahead of Friday’s US Nonfarm Payrolls (NFP) report limit further gains. ⭐️Personal comments NOVA: gold price fomo continues to look for new ATH in September. 3600 mark becomes gold's next target ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: 3596- 3598 SL 3603 TP1: $3585 TP2: $3568 TP3: $3552 🔥BUY GOLD zone: $3484-$3486 SL $3479 TP1: $3494 TP2: $3508 TP3: $3520 ⭐️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
OANDA:XAUUSDLong
by Nova-Scalper
1
3539, continue to increase in price⭐️GOLDEN INFORMATION: Gold (XAU/USD) extends its rally for a sixth straight session, hitting a new record high in Asia on Tuesday as expectations of a Fed rate cut, tariff uncertainty, and geopolitical tensions fuel safe-haven demand. However, the metal struggles to hold above the $3,500 mark amid a firmer Dollar and overbought conditions, with traders eyeing key U.S. data this week, including Friday’s Nonfarm Payrolls. ⭐️Personal comments NOVA: Gold price breaks old peak, market is fomo into next big price increase. Waiting for next ATH: 3539 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: 3539- 3541 SL 3546 TP1: $3530 TP2: $3520 TP3: $3510 🔥BUY GOLD zone: $3470-$3468 SL $3463 TP1: $3480 TP2: $3490 TP3: $3500 ⭐️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
OANDA:XAUUSDLong
by Nova-Scalper
1
3500! Gold price returns, buying power remains⭐️GOLDEN INFORMATION: Gold (XAU/USD) regained momentum in Asian trading Monday, climbing to a fresh five-month high near $3,470 as dovish Fed expectations overshadow profit-taking. Recent U.S. inflation data strengthened bets on a September rate cut, while last week’s upbeat GDP and jobless claims reports briefly supported the Dollar, capping bullion’s gains. ⭐️Personal comments NOVA: Bulls dominate, strong bullish momentum. Gold price waiting to return to ATH 3500 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: 3498- 3501 SL 3505 TP1: $3490 TP2: $3480 TP3: $3470 🔥BUY GOLD zone: $3446-$3444 SL $3439 TP1: $3458 TP2: $3470 TP3: $3480 ⭐️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
OANDA:XAUUSDLong
by Nova-Scalper
1
keep growing, old ATH 3500✍️ NOVA hello everyone, Let's comment on gold price next week from 09/01/2025 - 09/05/2025 ⭐️GOLDEN INFORMATION: Gold (XAU/USD) rebounded sharply Friday, erasing early losses to hit $3,447—its highest since June 16—after PCE inflation data met expectations and the Dollar softened. The metal is up 0.85%, supported by Fed rate-cut bets, safe-haven demand, and lingering geopolitical uncertainty, with dips seen as buying opportunities in a strong bullish trend.. ⭐️Personal comments NOVA: Gold price breaks out, market grows thanks to expectations of interest rate cut in September, gold price waits to reach old ATH 3500 🔥 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: $3451, $3482 , $3538 Support: $3397, $3363 🔥 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
Gold price in uptrend, up to 3405⭐️GOLDEN INFORMATION: Gold (XAU/USD) slips during Wednesday’s Asian session, retreating from a two-week high near $3,395 amid profit-taking and a modest US Dollar rebound. However, downside risks remain limited by concerns over Fed independence after President Trump intensified efforts to remove a Fed governor, reinforcing Gold’s safe-haven appeal. Markets now focus on the Russia-Ukraine situation and Friday’s US PCE inflation data. A hotter-than-expected reading could temper Fed rate-cut hopes, while geopolitical tensions may continue to support the yellow metal ⭐️Personal comments NOVA: Gold price continues to increase in price according to stable trend line. Price range 3352 - 3405 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: 3404- 3406 SL 3411 TP1: $3395 TP2: $3383 TP3: $3370 🔥BUY GOLD zone: $3350-$3352 SL $3345 TP1: $3360 TP2: $3370 TP3: $3380 ⭐️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
OANDA:XAUUSDLong
by Nova-Scalper
1
Uptrend, gold price back above 3400⭐️GOLDEN INFORMATION: Gold (XAU/USD) finds renewed buying interest around $3,375 during Tuesday’s Asian session, supported by concerns over the Federal Reserve’s independence following reports that US President Donald Trump plans to remove Fed Governor Lisa Cook. Adding to the upside, growing expectations that the Fed will resume its rate-cutting cycle are providing further support, as lower interest rates reduce the opportunity cost of holding the non-yielding metal. ⭐️Personal comments NOVA: Gold prices show sustained buying power, along with President Trump's moves to pressure the FED to lower interest rates immediately. Heading towards over 3400 new long-term price increases ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: 3429- 3431 SL 3436 TP1: $3420 TP2: $3410 TP3: $3400 🔥BUY GOLD zone: $3350-$3352 SL $3345 TP1: $3360 TP2: $3370 TP3: $3380 ⭐️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
OANDA:XAUUSDLong
by Nova-Scalper
3
Gold prices continue to be positive as interest rates cut soon✍️ NOVA hello everyone, Let's comment on gold price next week from 08/25/2025 - 08/29/2025 ⭐️GOLDEN INFORMATION: Gold prices extended their upward momentum on Friday after Federal Reserve Chair Jerome Powell struck a dovish tone, warning that “downside risks to the labor market are rising.” XAU/USD is currently trading around $3,371, recovering from an earlier dip to $3,321. In his remarks, Powell suggested there is a “reasonable base case” that tariffs could cause a “one-time” spike in prices. However, he admitted the outlook remains complex, with inflation risks skewed to the upside and employment risks leaning lower—a combination he described as a “challenging situation.” Following Powell’s comments, gold initially surged toward the $3,350 region before climbing to a session high of $3,378. Prices have since eased slightly but remain elevated near current levels. ⭐️Personal comments NOVA: Gold prices increased, positive after the FED chairman voiced that he would cut interest rates in September. 🔥 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: $3387, $3400 , $3417 Support: $3351, $3330 🔥 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
Gold price accumulates above 3300 next week ✍️ NOVA hello everyone, Let's comment on gold price next week from 08/18/2025 - 08/22/2025 ⭐️GOLDEN INFORMATION: Gold (XAU/USD) held steady in the North American session on Friday, with traders awaiting the outcome of U.S. President Donald Trump’s meeting with Russian President Vladimir Putin. In-line U.S. Retail Sales data did little to lift the Dollar, allowing the metal to remain firm around $3,340, up 0.17% on the day. Since late Thursday, gold has been confined to a narrow $3,330–$3,350 range. Market expectations for a breakthrough at the Trump-Putin summit in Alaska remain subdued, though the White House suggested that “something has to come out of it” and emphasized that ending the war is a prerequisite before discussing business. ⭐️Personal comments NOVA: Gold price continues to move sideways, price range 3300 - 3400. Waiting for new moves from FED on interest rate policy in September. 🔥 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: $3353, $3384 Support: $3307, $3270 🔥 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
Breaking resistance - gold price continues to recover⭐️GOLDEN INFORMATION: Gold (XAU/USD) edged up to around $3,365 in early Asian trading on Thursday, marking its third straight day of gains as a softer U.S. Dollar lent support. Market participants now turn their attention to the U.S. Producer Price Index (PPI) and weekly Initial Jobless Claims data, both due later in the day, for fresh direction. This week’s softer U.S. inflation figures have strengthened expectations for a Federal Reserve rate cut in September and increased the likelihood of further easing before year-end. The resulting pressure on the Greenback has underpinned demand for the Dollar-denominated metal. Lower interest rates tend to reduce the opportunity cost of holding gold, making the non-yielding asset more attractive to investors. ⭐️Personal comments NOVA: Gold price recovers in bullish pattern, still maintaining accumulation price range 3300 - 3400 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: 3388- 3390 SL 3395 TP1: $3380 TP2: $3367 TP3: $3350 🔥BUY GOLD zone: $3332-$3330 SL $3325 TP1: $3340 TP2: $3352 TP3: $3365 ⭐️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
OANDA:XAUUSDLong
by Nova-Scalper
1
3331 liquidity scan complete, recovery⭐️GOLDEN INFORMATION: Gold (XAU/USD) traded with a positive tone in Wednesday’s Asian session, extending Tuesday’s rebound from the $3,331 level — its lowest in a week and a half. July’s U.S. consumer inflation data, which came in broadly in line with expectations, strengthened market bets on a September rate cut by the Federal Reserve. This has kept the U.S. Dollar on the defensive, providing a tailwind for the non-yielding metal. That said, optimism surrounding an extension of the U.S.–China trade truce and the U.S.–Russia summit aimed at ending the war in Ukraine could limit safe-haven demand and cap gold’s upside. Moreover, repeated failures to hold above the $3,400 mark suggest that stronger follow-through buying is needed before confirming a near-term bottom. Traders now await comments from key FOMC policymakers later on Wednesday for fresh directional cues. ⭐️Personal comments NOVA: Gold price moves sideways 3330 - 3360, liquidity sweep completed 3330, recovery ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: 3389- 3391 SL 3396 TP1: $3380 TP2: $3367 TP3: $3350 🔥BUY GOLD zone: $3304-$3302 SL $3297 TP1: $3315 TP2: $3325 TP3: $3338 ⭐️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
OANDA:XAUUSDLong
by Nova-Scalper
2
Gold price drops, selling pressure and CPI news⭐️GOLDEN INFORMATION: Gold (XAU/USD) found some buying interest in the Asian session, rebounding from Monday’s steep drop to the $3,341 level — its lowest in over a week. The U.S. Dollar struggled to build on its two-day advance as traders stepped to the sidelines ahead of the release of the latest U.S. consumer inflation data later today. The Consumer Price Index (CPI) report will be pivotal in shaping expectations for the Federal Reserve’s rate-cut trajectory, which will, in turn, influence the Greenback’s direction and could provide fresh momentum for the non-yielding yellow metal. ⭐️Personal comments NOVA: CPI expected to increase, DXY increases, selling pressure on gold. Market recovers briefly before US trading session ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: 3379- 3381 SL 3386 TP1: $3367 TP2: $3355 TP3: $3342 🔥BUY GOLD zone: $3320-$3318 SL $3313 TP1: $3332 TP2: $3344 TP3: $3356 ⭐️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
OANDA:XAUUSDShort
by Nova-Scalper
1
Gold price accumulates above 3340⭐️GOLDEN INFORMATION: Gold (XAU/USD) eased toward $3,390 in early Asian trading on Monday, as a modest rebound in the U.S. Dollar weighed on the precious metal ahead of Tuesday’s U.S. inflation report. A firmer Greenback, coupled with a broader risk-on mood, kept prices capped below the key $3,400 psychological level. However, growing expectations for a Federal Reserve rate cut in September continue to offer underlying support for the non-yielding asset. On Saturday, Fed Governor Michelle Bowman noted that recent soft employment data reinforced her concerns about labor market fragility and bolstered her view that three rate cuts could be appropriate in 2025. Markets are now pricing in an 89% probability of a September rate cut, with at least two reductions expected by year-end. ⭐️Personal comments NOVA: At the beginning of the week, gold price slightly decreased below 3380. It is still mainly accumulating, waiting for an increase reaction to return to 3400 and move sideways. ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: 3428- 3430 SL 3435 TP1: $3418 TP2: $3408 TP3: $3392 🔥BUY GOLD zone: $3336-$3338 SL $3331 TP1: $3345 TP2: $3357 TP3: $3370 ⭐️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
OANDA:XAUUSDLong
by Nova-Scalper
1
Gold price continues to increase above 3400, next week✍️ NOVA hello everyone, Let's comment on gold price next week from 08/11/2025 - 08/15/2025 ⭐️GOLDEN INFORMATION: Spot gold held steady on Friday, while futures surged to a record high of $3,534 following reports that the United States will impose tariffs on imported gold bars. Traders also continued to digest recent U.S. economic data as they looked ahead to next week’s key inflation release. XAU/USD last traded near $3,397, little changed on the day. Overnight, the price spread between New York COMEX futures and spot prices widened by more than $100, Reuters reported, after the Financial Times revealed that the U.S. had levied tariffs on one-kilo gold bars, citing a letter from U.S. Customs & Border Protection. ⭐️Personal comments NOVA: Gold price accumulates around 3400, buying power remains good as interest rate cut expectations approach 🔥 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: $3418, $3437, $3500 Support: $3344, $3310 🔥 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
Bulls maintain weekend above 3400⭐️GOLDEN INFORMATION: Gold (XAU/USD) eased back from a more than two-week high near $3,409–3,410 during Friday’s Asian session, as traders booked profits ahead of the weekend. A broadly positive tone in equity markets, coupled with a modest rebound in the U.S. Dollar, added to the downward pressure on bullion. Even so, several factors continue to underpin the metal, urging caution for aggressive bearish positioning. Lingering trade-related uncertainty—intensified by President Donald Trump’s latest tariff threats this week—has helped maintain gold’s safe-haven appeal. At the same time, growing expectations that the Federal Reserve will resume its rate-cut cycle in September are likely to cap any sustained dollar strength, encouraging dip-buying interest around the $3,380 level. ⭐️Personal comments NOVA: Tariff tensions, along with a very positive market about the possibility of interest rate cuts, helped gold prices return above the 3400 zone. ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: 3428- 3430 SL 3435 TP1: $3418 TP2: $3408 TP3: $3392 🔥BUY GOLD zone: $3373-$3371 SL $3366 TP1: $3382 TP2: $3395 TP3: $3410 ⭐️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
OANDA:XAUUSDLong
by Nova-Scalper
1
Gold price maintains upward trend to 3400⭐️GOLDEN INFORMATION: Gold (XAU/USD) edged lower during the North American session, pressured by rising U.S. Treasury yields, profit-taking, and reports that President Donald Trump may announce a replacement for Fed Governor Adriana Kugler later this year. The precious metal is trading around $3,372, down 0.23%. After a three-day rally, bullion struggled to gain further traction as investors locked in profits. This came despite Trump signing an executive order imposing a 25% tariff on India in response to its continued imports of Russian oil. The new duties—set to take effect 21 days after August 7—will raise tariffs on select Indian exports to as much as 50%. ⭐️Personal comments NOVA: Gold prices continue to increase, heading towards 3400. The context of trade tensions heats up again, along with increasing expectations of interest rate cuts. ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: 3429- 3431 SL 3436 TP1: $3418 TP2: $3408 TP3: $3392 🔥BUY GOLD zone: $3332-$3330 SL $3325 TP1: $3342 TP2: $3355 TP3: $3368 ⭐️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
OANDA:XAUUSDLong
by Nova-Scalper
5
Continue to return above 3400, gold price increases⭐️GOLDEN INFORMATION: Gold (XAU/USD) slipped slightly during Wednesday’s Asian session, pulling back from a nearly two-week high near $3,390 reached the day before, effectively ending a four-day winning streak. The precious metal came under pressure as Asian equities advanced, tracking a solid rebound in U.S. equity futures—dampening demand for safe-haven assets. Additionally, a mild uptick in the U.S. Dollar further weighed on gold. However, the downside appears limited, as broader market caution continues to support the metal’s underlying appeal. ⭐️Personal comments NOVA: Maintain the upward momentum, the same scenario as the beginning of this week. Adjust down in Asian and European sessions and continue to increase in US session. Aim for 3400 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: 3428- 3430 SL 3435 TP1: $3418 TP2: $3408 TP3: $3392 🔥BUY GOLD zone: $3331-$3329 SL $3324 TP1: $3340 TP2: $3352 TP3: $3365 ⭐️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
OANDA:XAUUSDLong
by Nova-Scalper
1