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XAU/ USD !! bright spot in the market, price increase cycle⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold is trading higher near its three-week high of around $2,088 per troy ounce during the Asian session on Thursday. The potential for rate cuts by the Federal Reserve (Fed) in the first quarter of 2024 has improved risk appetite, leading to an increase in the price of gold. The presence of major shipping companies returning to the Red Sea indicates a tentative return to normalcy, potentially influenced by the deployment of a multinational task force in the area. However, concerns persist regarding the potential closure of the Gibraltar Strait by Iran. The complex and ever-changing geopolitical situation in the Middle East continues to impact market sentiment and contribute to a growing demand for safe-haven assets such as gold. ⭐️ Personal comments NOVA: Prices continue their steady upward trend, although there is not much impactful news, the positivity and trust of investors helps Gold prices continue to fly high. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2067 - $2069 SL $2060 TP1: $2075 TP2: $2086 TP3: $2094 🔥SELL GOLD zone: $2094 - $2096 SL $2102 TP1: $2086 TP2: $2080 TP3: $2070 ⭐️ 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 - The winner is the one who sticks with the market the longest
OANDA:XAUUSDLong
by Nova-Scalper
10
AUD/ JPY !! 12/28/23 How do you judge people?⭐️ Smart investment, Strong finance ⭐️ Personal comments NOVA: Hard support zone, selling volume gradually lower. Set up BUY signal ⭐️ SET UP AUD/JPY PRICE: 🔥BUY zone: 96.450 - 96.350 SL 96.000 TP1: 96.750 TP2: 97.000 TP3: 97.300 ⭐️ 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 - The winner is the one who sticks with the market the longest
Long
by Nova-Scalper
6
AMD, Worst Case Scenario and it still suggests making a new ATH!It seems madness to talk about making a new ATH these days with such a panic in the market due to FED's decision to raise the rates .Please follow the analysis to see if this is really a madness or just being realistic without caring to much about emotions , feelings and NEWS !. What I am proposing here on the chart as wave count is what I can see as worst case scenario however, I welcome and embrace any more pessimistic wave count which anyone can suggest. So, If you have such a wave count please let me know and let us share our ideas. I divided the chart into two sections with a vertical line to keep the chart clean and being focused on details of latest moves. I called the left side of the chart as territory of cycle degree wave 1 and 2 which means we are currently in cycle degree wave 3 started on 27th July 2015 at 1.61 USD. Why I call this wave count as WORST CASE SCENARIO? Since, I considered a completed cycle with start point at 9.04 USD on 4th Apr 2018 and end point at ATH with extended wave 5s in all subdivisions ! As we know extended wave 5 is usual in commodity not stock market . What is common in stock market is extended wave 3 . I remarked extended wave 5s in different wave degrees on the chart. It is really a pessimistic wave count. Yet it is valid . Considering this wave count as a true one , We are in primary degree correcting wave 4 (circled) and still there is one leg up to new ATH around 180 USD to make cycle degree wave 3 complete. Possible buy zone for this scenario is shown on the chart by green box. If this scenario happens , We will have a big correction at new ATH, Then another massive bull run and after that a big crash ! but, It is to soon to talk about. In upper left corner of the right side of the chart , I showed a schematic drawing of an extended wave 5 with it's typical retracement. Typically, retracement of an extended wave 5 ends is top of wave 3 or wave 1 of 5. This guideline makes our suggested buy zone even stronger. WORST CASE SCENARIO implies that we may have more optimistic scenario . Is there any? Of course there is . Since bodies of candles of current down going wave more than likely will enter to the territory of what labeled as wave 3 of (5) of circled 3 in daily time frame, we can consider wave cycle started at 72.5 USD on 13th May 2021 to be completed at ATH on 30th Nov 2021 with extended wave 5 .( There is alternative wave count which also considers this cycle a completed one but makes no difference in terms of price target in broader view). Also , extended minor degree wave 5 for intermediate degree wave (1) can be acceptable since both retracement and correcting pattern satisfies extended wave 5 pattern (See schematic drawing once more ). But , What about extended wave 5 of (3) starting at 36.75 on 18th Mar 2021 and ending at 99.23 at on 11th Jan 2021? Neither amount of retracement nor the correcting pattern confirms this to be extended wave 5 !. If so, It can be considered as wave 3 of a different cycle with last up going wave (from 72.5 to ATH) being extended wave 5 of same degree and up going wave from 27.43 to 59.27 being wave 1 of same degree. In even more optimistic wave count this can be wave 1 of a new starting smaller degree up going wave cycle ! Try not to be confused ! All of these means that we may have more optimistic scenario with more up going waves with successive new ATHs one after another. All in All, I assume that in worst case scenario, cycle degree wave 3 is yet to be completed. There are even more optimistic scenarios. Please let me know if you can make a more pessimistic yet valid wave count. As I previously emphasized , I believe AMD will see unbelievable targets in long term. Hope this analysis to be helpful.
NASDAQ:AMD
by SaeedSajedi
27
DISH Network Macro technical developments point to BuyHi guys! So this is a look into DISH Network (DISH) technical analysis. This analysis is done on the 1 Month timeframe, thus depicting the Macro price action of DISH. This analysis does not express the shorter term or intermediate term trend but looks to assess the Long term trend. The findings in this idea also support a buy and hold strategy for DISH. Do note that because of that it is possible for shorter term or intermediate term pullbacks. I will do my best to post updates on shorter timeframes to help assess better buy areas. But anyway lets jump right in. As you can see from the Highs of Dec. 2014, we've been in a continual price decline. Depicted by "Major Resistance trendline", that has helped propel the downtrend. We reached major Support Zone, to only break through and continue our downtrend. Till we reached our Downtrend target zone. Here i was aspecting more downside, where price action would have traveled inside this zone. This month however we have had a 45%+ bounce Up. Currently in the process of creating a BULLISH ENGULFING CANDLE. It being on the 1 Month, makes it very Powerful. Note though: This months candle closes Dec. 31st. So nothing has confirmed yet. But if on Jan 1st, we are still looking like this. This ENGULFING candle may indicate a macro trend change. We have also from last months and this months candle, confirmed a Sloping Support trendline. This showcases the Uptrend and a Higher low on the Macro scale. Notice also the 21 EMA (Purple moving average). This will continue to come down BUT it can be used as a target for where price will move to. We've also havent touched it since 2021. So probabilities dictate we will eventually touch it. So keep that in mind. A likely target if this uptrend continues is the $9.00 level. That would be a critical area since breaking above will mean continued bullishness but a rejection could mean that there maybe a probability that we go lower, possibly into the DOwntrend target zone.
DLong
by SafofAllTrades
XRP to breakout to 0.87 for XMAS 12.25.2023 XRP/usdNot sure why there is such low volume on CRYPTOCAP:XRP but the sentiment is still the same IMO. The Crypto winter is HERE I think XRP is potentially being manipulated by the alphabet boys SEC. CRYPTOCAP:BTC is in an upward channel to test 50K CRYPTOCAP:ETH has broken out to test 2500 Why is CRYPTOCAP:XRP so stagnant??? We have taken out the sub .60 lows, and tested .70 2x in NOV The confluences are aligning and its only a matter of time before the impulsive bull run. .81-.87 is the target which is is 1:5 Risk:Reward ratio as posted. LOAD THE BUS we going NORTH! *This is not Financial advice, simply my own analysis and opinion DYR* #XRPtotheMOON
BITSTAMP:XRPUSDLong
by chestephens1
5
Near Christmas, Gold prices maintain a stable Uptrend⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is struggling to take advantage of its temporary increase to a level close to the highest point in three weeks. Currently, it is trading just below $2,050 as we enter the European session on Friday. The US Dollar (USD) has gained some positive momentum, recovering from a decline that brought it to a five-month low. This recovery is seen as a significant factor supporting the gold market. The upward movement of the USD can be attributed to traders adjusting their positions ahead of the release of important US inflation data. However, this uptick in the USD is expected to be limited due to the anticipation that the Federal Reserve (Fed) will shift away from its previously hawkish stance. ⭐️ Personal comments NOVA: Gold price has broken through the 2050 zone and is currently testing around this zone to continue to create momentum and liquidity. Let's wait for the new price increase zone ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2038 - $2040 SL $2030 TP1: $2046 TP2: $2054 TP3: $2065 🔥SELL GOLD zone: $2064 -$2066 SL $2072 TP1: $2058 TP2: $2050 TP3: $2040 ⭐️ 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 - The winner is the one who sticks with the market the longest
OANDA:XAUUSDLong
by Nova-Scalper
5
Final GDP 2023, Last chance for price increase⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is showing positive momentum on Thursday and is recovering a significant portion of the decline it experienced the previous day from near the weekly high. However, the precious metal continues to trade within a well-known range that has been maintained over the past week or so. Traders are eagerly awaiting a new catalyst before taking positions for the next significant move. As a result, all eyes are on the release of the US Core Personal Consumption Expenditure (PCE) Price Index on Friday, as it has the potential to influence future policy decisions by the Federal Reserve (Fed). The outcome of this release will ultimately determine the short-term direction for this non-yielding commodity. ⭐️ Personal comments NOVA: Last chance for price increase at the end of 2023 after GDP news. Stability from the buyers prevails ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2005 - $2007 SL $2000 TP1: $2013 TP2: $2020 TP3: $2030 🔥SELL GOLD zone: $2068 - $2070 SL $2075 TP1: $2060 TP2: $2050 TP3: $2040 ⭐️ 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 - The winner is the one who sticks with the market the longest
OANDA:XAUUSDLong
by Nova-Scalper
2