Nova-Scalper

Nova-Scalper Updated 

Smart investment, Strong finance GOLDEN INFORMATION: Gold prices showed promise at the beginning of the week, extending gains from Friday despite lower open interest and volume. However, it seems unlikely that the upward momentum will continue at this time, making room for a corrective pullback instead. Currently, any bullish attempts are still being limited...

Nova-Scalper Updated 

Smart investment, Strong finance GOLDEN INFORMATION: During the Asian session on Wednesday, the price of gold experienced a slight upward movement, partially recovering from the significant drop it had suffered the day before, which had brought it to a three-week low of $1,941. However, the XAU/USD pair struggled to fully capitalize on this modest increase and...

Nova-Scalper Updated 

Smart investment, Strong finance GOLDEN INFORMATION: The price of gold (XAU/USD) is holding onto slight gains after rebounding from its lowest levels in three weeks. However, the current position of the metal remains uncertain in attracting XAU/USD buyers as it remains below key support levels. Market participants are eagerly awaiting top-tier US employment...

Nova-Scalper

Smart investment, Strong finance GOLDEN INFORMATION: During the Asian trading session on Thursday, there was a slight increase in the price of gold, reversing some of the losses from the previous day and reaching a three-week low at around $1,933-$1,932. Currently, XAU/USD is showing a small positive bias and trading around the $1,937-$1,938 range. It has...

Nova-Scalper Updated 

Smart investment, Strong finance GOLDEN INFORMATION: A combination of factors is contributing to the positive performance of the safe-haven Gold price. The potential risks of a recession, escalating tensions between the US and China, and geopolitical uncertainties are dampening the recent market optimism. Concerns about a global economic downturn have been...

Nova-Scalper Updated 

Smart investment, Strong finance GOLDEN INFORMATION: At the end of the week, the XAU/USD traded near the 100-day Simple Moving Average of $1,962, experiencing a 0.30% decline but recorded a weekly gain, its third in a row. The prevailing strength of the US Dollar continues to exert downward pressure on XAU/USD. Notably, the recent release of Initial Jobless...

Nova-Scalper Updated 

OANDA:USDJPY While we expect USD to strengthen last Friday, we think it is “unlikely to threaten key resistance at 141.00.” USD not only broke through the 141.00 level but also spiked to a high of 141.95. While further USD strength is not ruled out, severe overbought conditions suggest that key resistance at 143.00 may be out of reach today (there is another...

Nova-Scalper

Smart investment, Strong finance GOLDEN INFORMATION: During the Asian session on Monday, the price of gold faced difficulties in gaining momentum. Currently, the XAU/USD pair is trading just below the $1,960 mark, representing a 0.11% decrease for the day. Market participants are eagerly waiting for the Federal Open Market Committee (FOMC) meeting and the press...

Nova-Scalper Updated 

Smart investment, Strong finance GOLDEN INFORMATION: The uncertainty surrounding the Federal Reserve's decision on interest rate hikes is impacting the XAU/USD market. Currently, the markets are not expecting any further rate hikes after the expected 25 basis points increase at the upcoming Federal Open Market Committee meeting. However, recent positive...

Nova-Scalper Updated 

Smart investment, Strong finance GOLDEN INFORMATION: The Gold price is being boosted by a decrease in the stock market and concerns about China's slowing economic growth, worsening US-China trade relations, and geopolitical risks. Additionally, the weak performance of the US Dollar is also contributing to the rise in Gold price. The USD Index, which measures...

Nova-Scalper Updated 

OANDA:USDJPY USD/JPY raises bids to reverse early-day losses around 139.50 in the first hour of Thursday's European session. The Yen pair justifies the recent bearish macros, as well as the news, around Japan while not cheering for US Dollar weakness amid a sluggish trading day so far. That said, the Japanese government recently announced a downward revision of...

Nova-Scalper Updated 

Smart investment, Strong finance GOLDEN INFORMATION: Gold price is benefitting from a slight weakening of the US Dollar. Despite a recent recovery, the US Dollar is retreating from a one-week high reached on Wednesday. This is providing some support for the Gold price, which is denominated in US Dollars. The market is now expecting fewer interest rate hikes by...

Nova-Scalper Updated 

Smart investment, Strong finance GOLDEN INFORMATION: The Gold price is expected to receive support as the US Dollar continues to weaken. The USD has been struggling to recover from its lowest level since April 2022, as there is growing acceptance that the Federal Reserve will adopt a more dovish stance. This shift in the Fed's position is likely to benefit the...

Nova-Scalper Updated 

OANDA:EURUSD 24-Hour View: Yesterday, we noted that “current price action could be part of a consolidation phase” and we expect EUR to trade sideways between 1, 1190 to 1.1250. Our view on sideways trading is not wrong, although EUR trades in a narrower-than-expected range (1.1202/1.12448). We continue to expect EUR to trade sideways. However, the underlying...

Nova-Scalper Updated 

Smart investment, Strong finance GOLDEN INFORMATION: Gold prices are on the rise after bouncing back from a multi-day low of $1,946-$1,945. During the Asian session on Tuesday, XAU/USD has gained positive traction and is currently trading around the $1,957-$1,958 region, up by just over 0.10% for the day. It remains within striking distance of a one-month peak...

Nova-Scalper Updated 

Smart investment, Strong finance GOLDEN INFORMATION: The gold price has started the new week with little activity, trading within a tight range just above the $1,950 level in the Asian session. Although this range-bound price movement could still be considered a bullish consolidation phase, caution is advised...

Nova-Scalper Updated 

Smart investment, Strong finance GOLDEN INFORMATION: The market now only expects one more rate hike by the Fed The Gold price has gained considerably, primarily thanks to the declining US inflation figures. After all, this makes it appear likely that the (US) rate hike cycle will soon come to an end: the market...

Nova-Scalper Updated 

Smart investment, Strong finance GOLDEN INFORMATION: The price of gold is set to make the biggest weekly gain in three months due to weaker United States inflation indicators. The US Dollar has been negatively impacted by these dismal indicators, which has been beneficial for the gold market. The US Producer Price...