GBPUSD BUY OPPORTUNITYRepost: Looking to take this trade to the up side. I dont have any confirmations for long term shorts so I am still interested in BUYS at the moment. Im looking at a neat 1:3 risk to reward ratio. I reposted the chart because I had the incorrect direction in my previous post even though I am going "LONG"
GLGT
Buyzone
Scalping XAU! 11/12 Recovery pace in downward momentum⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) is moving downwards for the second consecutive day on Monday, distancing itself even further from the record high it reached last week. During the first half of the European session, the value of this precious metal remains low, staying below the significant $2,000 mark, due to an increase in US Dollar (USD) buying. The release of the US monthly jobs report on Friday, which exceeded expectations, led investors to reduce their expectations of an early easing of policies by the Federal Reserve (Fed). As a result, there has been a recovery in US Treasury bond yields, which in turn strengthens the dollar and weakens demand for commodities priced in USD.
⭐️ Personal comments NOVA:
Second, there have not been too many price fluctuations. Scalping BUY signal for recovery
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $1996.5 - $1994.5 SL $1991.5 Scalping
TP1: $2000
TP2: $2004
TP3: $2007
⭐️ 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
Last Non - Farm of the year! Gold increases or decreases ?⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold reached record highs this week, reaching $2,144.48 in an aggressive rally on Monday. However, the XAU/USD has been trading thinly for the rest of the week, erasing the gains made on Monday.
Spot Gold has slightly decreased throughout the week, down just over 2% from Monday's opening prices as we approach Friday's trading session. Traders are eagerly awaiting the upcoming US Nonfarm Payrolls (NFP) report, which will mark the end of the trading week.
⭐️ Personal comments NOVA:
Stability and balance between buyers and sellers is taking place. Sideway after the Monday surge. Today will witness 3 important news for the US economy, especially NF. The final trend will likely be decided by the end of 2023
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $1990 - $1992 SL $1982
TP1: $2000
TP2: $2010
TP3: $2020
🔥SELL GOLD zone: $2068 - $2070 SL $2078
TP1: $2060
TP2: $2050
TP3: $2040
Pay attention to the resistance zone 2048-2050
⭐️ 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
New peak of Gold is established !! Amazing⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) continues to strengthen after a notable rally in the past few weeks, reaching a new all-time high around the $2,144-2,145 range during Monday's Asian session. However, it has since retraced some of its gains and is currently trading below the $2,100 level, still showing a 0.70% increase for the day. The rise in US Treasury bond yields has attracted buyers to the US Dollar (USD), leading to profit-taking by gold bulls due to overbought conditions on the daily chart. Nonetheless, the expectation that the Federal Reserve (Fed) will no longer raise interest rates and might begin easing its monetary policy by the first half of 2024 could continue to support gold, which does not yield interest.
⭐️ Personal comments NOVA:
Start the trading session with a crazy price increase. Officially reached a new peak
Currently, prices are adjusting to stabilize, creating balance in the market
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2070- $2072 SL $2067 scalping
TP1: $2077
TP2: $2082
TP3: $2090
🔥BUY GOLD zone: $2053 - $2055 SL $2045
TP1: $2060
TP2: $2070
TP3: $2080
⭐️ 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
Gold officially has a new peak, increasing strongly✍️ NOVA hello everyone, Let's comment on gold price next week from 4/12 - 8/12/2023
🔥 World situation:
Last Friday, after the PMI news and the FED meeting, the information was not good for the dollar, it witnessed a new milestone for Gold.
Gold price reaches a new peak in 2075. This is a previously forecast result at the end of 2023.
Although information about the war between Ukraine and Israel has gradually decreased, it is still happening. That is also the motivation for Vang to continue to increase strongly
🔥 Identify:
Currently, buying power is still very strong. Price is in a nice technical zone to continue increasing
December will still witness new record high points for Gold
🔥 Technically:
Based on the resistance and support areas of the gold price according to the D1 frame, NOVA identifies the important key areas as follows:
New Resistance: $2100, $2150
Support : $2051, $2027, $2005
🔥 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
USD/CAD!! New week for recovery early December✍️ NOVA hello everyone, Let's comment on USDCAD price next week from 4/12 - 8/12/2023
🔥 World situation:
The Canadian Dollar (CAD) is currently experiencing upward movement in trading on Friday, once again strengthening against its primary counterpart, the US Dollar (USD). This comes after Canadian employment data surpassed market expectations by a significant margin. Throughout the week, the Canadian Dollar has been one of the best-performing currencies, exhibiting a 1% increase against the US Dollar since Monday's opening rates.
In November, Canada witnessed nearly double the number of job additions compared to the median market forecast. Approximately 25,000 new positions were created, surpassing the projected 15,000 and outpacing October's 17,500 new jobs.
🔥 Identify:
A week without much important news about CAD, the price is moving towards a fairly strong support zone along with the resistance zone according to FIBONACCY, setting up a BUY signal.
🔥 Technically:
Based on the resistance and support areas of the USDCAD price according to the D1 frame, NOVA identifies the important key areas as follows:
Resistance: 1.35800 ; 1.37800
Support : 1.34450
🔥 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
EURGBP longAnother idea for EURGBP. From monthly point of view we are BULLISH, after liquidity sweep around 0.84900 the bullish channel is formed. Price is currently at our horizontal support level while simultaneously at our vertical support trendline. Sellers loosing momentum and we are looking for long opportunity 🔥
Start December. PMI impact on Gold price⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
During the Asian session on Friday, there is a noticeable increase in interest in the price of gold (XAU/USD), leading to a partial recovery from the losses experienced the previous day. The current value of this precious metal is approximately $2,040, representing a modest increase of 0.15% for the day. It is worth noting that this places the price within close proximity to its highest level since May 5, which was reached on Wednesday. Recent data from the United States (US) reveals that inflation rates have continued to decrease in October, while the labor market has shown signs of slowing down. These developments support the belief that the Federal Reserve (Fed) will no longer pursue interest rate hikes. This dovish outlook has become a significant contributing factor in the positive performance of gold, which does not offer any yield.
⭐️ Personal comments NOVA:
With good forecasts for the dollar, bad for Gold after today's PMI news. Gold is still in the accumulation phase, sideways to have a new breakthrough in December
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2015 - $2017 SL $2007
TP1: $2027
TP2: $2040
TP3: $2052
🔥SELL GOLD zone: $2060 - $2062 SL $2070
TP1: $2050
TP2: $2040
TP3: $2030
⭐️ 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
GBPCAD!! 1/12 News supports price increase⭐️ Smart investment, Strong finance
⭐️ GBPCAD INFORMATION:
Today, waiting for 2 important news about CAD currency. It is expected that the figures will be favorable and support the uptrend.
Besides, the old support zone is supportive and the price does not have much motivation to decrease further
⭐️ Personal comments NOVA:
From the expected economic and technical results, both want prices to recover. NOVA will set up a BUY signal
⭐️ SET UP GBPCAD PRICE:
🔥BUY GBPCAD zone: 1.71100 - 1.71000 SL 1.70600
TP1: 1.71300
TP2: 1.71600
TP3: 1.72000
⭐️ 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
After today's PCE news, Gold has reached 2060 ?⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold is currently hovering around $2,040 per troy ounce during the Asian session on Thursday. After reaching a six-month high of $2,052 on Wednesday, the value of the yellow metal has retreated. This decrease in gold's price suggests a possible shift in market sentiment or profit-taking following the recent rally.
Gold faced challenges due to a modest rebound in the US Dollar (USD). The US Dollar Index (DXY) is struggling to maintain its gains and is currently around 102.80. In the previous session, the USD successfully ended its four-day losing streak, thanks to stronger-than-expected data on US Gross Domestic Product Annualized, released by the US Bureau of Economic Analysis. The third-quarter US GDP Annualized growth rate increased by 5.2%, surpassing the previous reading of 4.9% and exceeding the market consensus of 5.0%.
⭐️ Personal comments NOVA:
All technical parameters and economic data support the continued increase in Gold prices. Today continue to wait for the next peak price range
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2015 - $2017 SL $2010
TP1: $2030
TP2: $2045
TP3: $2060
🔥SELL GOLD zone: $2060 - $2062 SL $2070
TP1: $2054
TP2: $2045
TP3: $2040
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
Currently, according to the long time frame H4, H1, the price range is still fluctuating stably above the average line EMA 34, 89, showing that the uptrend is still the dominant trend.
Prioritize BUY signals
⭐️ 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
Strong growth, continuing the upward trend⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) continues to gain momentum after breaking through the $2,008-2,010 resistance level earlier this week. It has now climbed higher for the fifth consecutive day on Wednesday. This positive movement has also led to the commodity reaching a near seven-month high, around the $2,052 mark, during the Asian session. Looking ahead, the short-term outlook for gold remains optimistic due to the ongoing weakness in the US Dollar (USD), driven by expectations of a dovish Federal Reserve (Fed) stance.
⭐️ Personal comments NOVA:
The growth of Gold at the end of the year has been predicted in advance. Optimism and excitement cover the entire market
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2018 - $2020 SL $2010
TP1: $2032
TP2: $2040
TP3: $2050
🔥SELL GOLD zone: $2060 - $2062 SL $2070
TP1: $2055
TP2: $2048
TP3: $2040
⭐️ Technical analysis:
If the Asian session low is breached in a corrective pullback, it is anticipated that there will be substantial support and new buyers around the $2,035-2,034 region. This support should prevent the Gold price from declining significantly, keeping it near the $2,020 level, which is now an important point of reference. Conversely, if buying momentum extends beyond the $2,052 region, or the multi-month high recorded earlier this Wednesday, it could pave the way for a challenge to the all-time high of around the $2,079-2,080 zone achieved in May.
⭐️ 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
CDSL ready for another run?After a good impulse movement on the upside, CDSL price corrected for a few trading sessions. It has now given a breakout above the resistance level with the support of increasing volume. DMI also shows potential strength in the upside momentum. From here we can see another good run in CDSL in the short-term
Buy Entry - 1910
Stop Loss - 1770
Target - 2550/1680
Gold price is trying to surpass the 2020 zone⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) continues to rise above the crucial $2,000 level during the early trading hours in Asia on Tuesday. The value of the precious metal reaches a six-month high due to the weakening US Dollar (USD) and the decrease in US Treasury bond yields. Currently, the gold price is trading near $2,015, experiencing a 0.01% decrease for the day.
At the same time, the US Dollar Index (DXY) has fallen to its lowest point since late August, around 103.20. This rise in the USD-denominated gold is attributed to the decline in Treasury yields, with the 10-year yield dropping from 4.51% to 4.39%.
⭐️ Personal comments NOVA:
Gold prices still show stable price increases, trying to surpass the 2020 zone to reach the highest zone this year.
Today, CB Consumer Confidence was announced with forecasts to continue to support Gold prices
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $1995 - $1997 SL $1990
TP1: $2003
TP2: $2010
TP3: $2020
🔥SELL GOLD zone: $2028 - $2030 SL $2035
TP1: $2020
TP2: $2015
TP3: $2010
⭐️ 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
USD/CAD! 28/11 support zone BUY NOW ⭐️ Smart investment, Strong finance
⭐️ USDCAD INFORMATION:
The USD/CAD continues to decline for the third straight session, trading below the psychological level of 1.3600 during Tuesday's Asian session. The Canadian Dollar (CAD) receives some support from the rise in Crude oil prices and positive market sentiment.
Currently, the price of Western Texas Intermediate (WTI) has broken its four-day losing streak and is hovering around $75.30 per barrel. All attention is focused on the upcoming important OPEC+ meeting, with widespread expectations for a decision to further reduce and prolong cuts to oil production.
⭐️ Personal comments NOVA:
According to the H1 frame, the price retested the support area of 1.36000. Buying pressure is unlikely to overcome this support zone today. SET UP BUY signal recovers
⭐️ SET UP USDCAD PRICE:
🔥BUY USDCAD zone: 1.36000-1.35900 SL 1.35500
TP1: 1.36300
TP2: 1.36600
TP3: 1.37000
⭐️ 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
End November, during the Gold price bull cycle✍️ NOVA hello everyone, Let's comment on gold price next week from , Last week of November
🔥 World situation:
At the end of the year, published US economic data showed difficulties and challenges. There are not many positive signals yet. Gold prices continue to benefit at the end of the year.
In the last week of November, there are important data such as: CB Consumer Confidence, Prelim GDP q/q, Core PCE Price Index m/m, ISM Manufacturing PMI,... otherwise the forecast will continue to support The Golden household goes up
🔥 Identify:
Observing the technical chart according to the H4 frame, Gold price is still in a very nice uptrend. This is an opportunity for Gold price to have the highest price point in 2023
🔥 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: $2010, $2022
Support : $1991, $1971
🔥 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