Nova-Scalper

Nova-Scalper

✍️ NOVA hello everyone, Let's comment on gold price next week from 5/13 - 5/17/2024 🔥 World situation: Gold prices increased significantly on Friday, rising over 1% even as US Treasury bond yields stayed high. This followed a University of Michigan survey indicating a drop in Consumer Sentiment to a six-month low, reflecting increasing economic pessimism...

Nova-Scalper Updated 

⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) rises on Friday amid expectations of a potential Federal Reserve interest rate cut due to a weakening labor market and increasing geopolitical concerns. However, hawkish US Fed talks and a stronger US dollar could pressure gold prices. Traders await the US Michigan Consumer...

Nova-Scalper Updated 

⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Global gold demand growth is driven by increased over-the-counter market investment, continuous central bank purchasing, and heightened demand from Asian markets, especially China and India. This growth is reinforced by geopolitical tensions in the Middle East, leading to a preference for safe-haven...

Nova-Scalper Updated 

⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Minneapolis Fed President Neel Kashkari's recent suggestion that the Fed may halt changes to interest rates and possibly increase the federal funds rate if inflation doesn't decline has strengthened the Dollar. This week's economic agenda includes more commentary from Fed officials, Initial Jobless...

Nova-Scalper Updated 

⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold's value is on the rise, driven by a weaker US dollar following recent Nonfarm Payrolls data that suggests possible Federal Reserve rate cuts. This situation could make gold cheaper for foreign buyers, with strong demand from central banks and Asian markets further supporting gold prices. Persistent...

Nova-Scalper Updated 

⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) loses momentum at $2,295 early Monday. Investors are eyeing Fedspeaks this week and the US Michigan Consumer Sentiment Index for May on Friday. The US Dollar Index (DXY), a gauge of USD value against trade partner currencies, rises to 105.12, recovering from nearly one-month...

Nova-Scalper

✍️ NOVA hello everyone, Let's comment on gold price next week from 5/6 - 5/11/2024 🔥 World situation: Gold's initial gains were wiped out on Friday due to disappointing Nonfarm Payrolls data from the US Bureau of Labor Statistics, indicating a slower jobs market. Despite briefly nearing a daily high of $2,310, it didn't surpass May 2’s high of $2,326 and...

Nova-Scalper Updated 

⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price holds steady around $2,300 in the mid-North American session on Thursday. Factors contributing to this include positive market sentiment, declining US Treasury yields, and a weaker US Dollar. Traders are still processing comments made by Federal Reserve Chairman Jerome Powell on Wednesday, as...

Nova-Scalper Updated 

⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices surged above $2,300 as the Federal Reserve announced a slower balance sheet reduction and provided no indication of lowering interest rates. Fed Chair Jerome Powell stated that rate cuts would only be considered once inflation reaches its 2% target. ⭐️ Personal comments NOVA: Gold price...

Nova-Scalper Updated 

⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) slightly increases to $2,288 during the Asian session on Wednesday. This is due to cautious market sentiment ahead of the Federal Reserve's monetary policy meeting. The US ISM Manufacturing PMI and ADP Employment Change will be released later in the day. ⭐️ Personal comments...

Nova-Scalper Updated 

⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price continues its stagnant trend as it struggles to gain traction in the Asian market on Tuesday. The US Dollar benefits from the Federal Reserve's higher interest rates and persistent inflation signs, alongside diminishing Middle East tensions. However, the downside is limited as traders await...

Nova-Scalper Updated 

⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) is trading lower at $2,335 early Monday in Asia. Persistent US inflationary pressures are raising uncertainty about upcoming Federal Reserve rate cuts. The Fed's interest rate decision on Wednesday will be a key event to watch. ⭐️ Personal comments NOVA: According to weekly...

Nova-Scalper Updated 

✍️ NOVA hello everyone, Let's comment on gold price next week from 4/29 - 5/3/2024 🔥 World situation: Gold price falls as US inflation data exceeds expectations, dampening hopes of Fed rate cuts. Annual underlying inflation rises to 2.7% but slows from February's 2.8%. Monthly inflation in line with expectations. Positive for bond yields and USD. 🔥...

Nova-Scalper Updated 

⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices made modest gains during the North American session on Thursday, increasing by over 0.5% after the release of important economic data from the United States (US). The GDP figures for the first quarter of 2024 fell short of expectations, leading to speculation that the US Federal Reserve...

Nova-Scalper Updated 

⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold made some recovery on Wednesday after experiencing two consecutive negative sessions at the start of the week, as geopolitical risks subsided. Despite better-than-expected economic data from the United States (US), a strong US Dollar, and higher US Treasury yields, buyers of the precious metal took...

Nova-Scalper Updated 

⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price fell slightly on Tuesday in the North American session due to a weaker-than-expected S&P Global Purchasing Managers Index (PMI) report. Despite the Greenback's weakness, buyers were unable to take advantage, while US Treasury yields declined. XAU/USD traded at $2,323, down 0.11%. The US...

Nova-Scalper Updated 

⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) experienced a significant drop of over 2% on Monday, marking its largest daily decline since June 13, 2022. This decrease was primarily attributed to diminishing concerns about a broader conflict in the Middle East, which led to a reduced demand for traditional safe-haven...

Nova-Scalper Updated 

⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The likelihood of the US Federal Reserve keeping interest rates unchanged this year is increasing. Last week, John Williams, the President of the New York Fed, mentioned that he doesn't consider another rate hike as his primary scenario. However, if the data suggests that the Fed needs to raise rates in...