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Sellxau

Recovered and traded below 3374 , XAU today⭐️GOLDEN INFORMATION: Gold (XAU/USD) came under renewed selling pressure in Thursday’s Asian session, stalling Wednesday’s solid rebound from the $3,311–3,312 zone, its lowest level in nearly three weeks. The release of the late-July FOMC minutes revealed a hawkish tilt, with policymakers voicing greater concern over inflation than labor market conditions. This has tempered expectations for a jumbo Fed rate cut in September, bolstered the U.S. Dollar, and diverted flows away from the non-yielding metal. Further weighing on gold, optimism surrounding a potential resolution to the Russia–Ukraine conflict has dampened safe-haven demand. At the same time, political noise added uncertainty after President Donald Trump called for Fed Governor Lisa Cook to resign amid mortgage fraud allegations, raising questions over the central bank’s independence. This could limit aggressive USD buying and lend some support to bullion. Looking ahead, traders will eye global flash PMI readings for fresh cues before Fed Chair Jerome Powell’s highly anticipated remarks at the Jackson Hole Symposium. ⭐️Personal comments NOVA: Short-term downtrend line, gold price maintains accumulation at 3300 - 3374, use fibo to find support reaction points ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: 3373- 3375 SL 3380 TP1: $3366 TP2: $3354 TP3: $3344 🔥BUY GOLD zone: $3302-$3300 SL $3295 TP1: $3313 TP2: $3325 TP3: $3337 ⭐️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
OANDA:XAUUSDShort
by Nova-Scalper
1
XAU shows positivity above $2500⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) show a slight downward trend near the $2,500 mark on Monday. However, the potential for further decline may be limited due to growing expectations that the US Federal Reserve will start lowering interest rates in September, which typically supports Gold by reducing the opportunity cost of holding it. Additionally, rising geopolitical tensions in the Middle East and ongoing economic uncertainty are likely to increase demand for the safe-haven asset, supporting Gold prices. However, weak demand in the Chinese economy, the world's largest gold producer and consumer, could weigh on the metal. Later today, the US July Durable Goods Orders are set to be released. This week's key events include the preliminary US GDP for Q2 and the PCE Price Index for July, due on Thursday and Friday, respectively. ⭐️ Personal comments NOVA: Gold prices are still positive after the FED's statements, Gold prices continue to maintain above the 2500 zone, stable in the second session of the week. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2496 - $2494 SL $2489 TP1: $2505 TP2: $2515 TP3: $2530 🔥SELL GOLD zone: $2528 - $2530 SL $2535 TP1: $2520 TP2: $2510 TP3: $2500 ⭐️ 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:XAUUSDShort
by Nova-Scalper
3
Gold moves in a wide range, sideways⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is struggling to take advantage of the small gains made the previous day and is moving within a narrow range around the $2,170 mark during the Asian session on Tuesday. However, caution is advised before placing aggressive bearish bets on the precious metal and expecting a continuation of the recent significant decline from the record high near the $2,223 area reached last Thursday. Last week, the Federal Reserve (Fed) projected a less restrictive monetary policy in the future and indicated that it remains committed to reducing interest rates by 75 basis points this year. As a result, the US Dollar (USD) bulls are on the defensive, which benefits the non-yielding gold price. Additionally, escalating geopolitical tensions are supporting the safe-haven XAU/USD and should help limit any significant downward movement. ⭐️ Personal comments NOVA: The price range of $2150 - $2190 becomes the sideway range of Gold price, waiting to break the trend ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2150 - $2152 SL $2145 TP1: $2160 TP2: $2170 TP3: $2180 🔥SELL GOLD zone: $2188 - $2190 SL $2195 TP1: $2180 TP2: $2170 TP3: $2160 ⭐️ 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:XAUUSDShort
by Nova-Scalper
3
Continued DOWN correction for Gold !! Decrease⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) attracts dip-buying in Asian session, reversing part of previous day's profit-taking slide to $2,150 area. US Treasury bond yields ticked higher after warmer than expected US consumer inflation for February, boosting the US Dollar (USD) and exerting downward pressure on gold. Bullish run in US equity markets also contributed to flow away from safe-haven precious metal. ⭐️ Personal comments NOVA: After yesterday's CPI data, it is good for the Gold dollar to fall. In line with the DOWN adjustment, Gold prices continue to decline to create more liquidity and further accumulation ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2125 - $2127 SL $2120 TP1: $2135 TP2: $2148 TP3: $2155 🔥BUY GOLD zone: $2135 - $2133 SL $2130 scalping TP1: $2140 TP2: $2148 TP3: $2155 🔥SELL GOLD zone: $2168 - $2170 SL $2175 TP1: $2160 TP2: $2150 TP3: $2140 ⭐️ 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:XAUUSDShort
by Nova-Scalper
4