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Longsetup

CPI! Gold price has a chance to reach ATH⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) have maintained a positive trend for the third consecutive day on Wednesday, hovering near the weekly high around $2,520. However, buying momentum is limited as traders await the US Consumer Price Index (CPI) data later in the day. This report will be crucial in shaping expectations for the Fed’s rate cut decision in mid-September, influencing gold's movement. The anticipation of a Fed rate cut is putting pressure on the US Dollar, while weaker equity markets are supporting demand for safe-haven gold. Despite the cautious trading, the outlook remains bullish, with further gains likely if prices break above the $2,525 level. ⭐️ Personal comments NOVA: Gold prices are gradually showing a more stable price increase - CPI opportunity for today's price increase ⭐️SET UP GOLD PRICE: 🔥BUY GOLD zone: $2501 - $2499 SL $2494 TP1: $2510 TP2: $2520 TP3: $2530 🔥SELL GOLD zone: $2528 - $2530 SL $2535 TP1: $2520 TP2: $2510 TP3: $2500 🔥SELL GOLD zone: $2543 - $2545 SL $2550 TP1: $2535 TP2: $2520 TP3: $2510 ⭐️ 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
11
MultiversX (EGLD) Falling Wedge AlertMultiversX is showing a classic falling wedge pattern on the daily chart, a bullish reversal setup that suggests a potential breakout to the upside. Over the next year, swing targets point towards the previous all-time high (ATH) range of $500-$600, offering a long-term bullish opportunity for traders. Key Technical Highlights: Pattern: Falling Wedge (Bullish) Current Price: ~$25-$30 Breakout Target: $80-$120 (Initial swing target based on wedge height) Long-Term Target: $500-$600 (Previous ATH from 2021) Time Frame: 12 months (swing trade target) Why this setup looks strong: Converging Price Action: Price action is tightening, with lower highs and lower lows inside the wedge, suggesting that a breakout is likely imminent. Volume Decline: A typical feature of falling wedges is decreasing volume, indicating consolidation before a potential breakout. RSI Divergence: RSI shows bullish divergence, adding strength to the argument that sellers are losing momentum. Strategy: Entry: Consider entering on a confirmed breakout above $35-$40 with strong volume. Stop Loss: Set below $20 for risk management in case of a failed breakout. Targets: Short-term: $80-$120 (based on wedge height) Long-term: $500-$600 (previous ATH in late 2021) This setup presents a promising risk/reward ratio for long-term investors looking to swing trade MultiversX. Keep an eye on key breakout levels and confirmation signals. This is not financial advice. Always perform your own research and trade responsibly.
CRYPTO:EGLDUSDLong
by STP_MrNodeItAll
Gold may rise due to a lower CPI, targeting 2,540.Tonight, the CPI indicator will be released, and it is expected to be lower than the previous period, which could push gold prices higher. Traders should stay attentive to the news. Currently, the XAUUSD chart shows the price moving within an upward channel, with parallel trend lines framing the current price action. The short-term EMA 34 is supporting the bullish trend, as the current price is above both EMAs, confirming the short-term upward trend. The current support level around 2,499 (EMA 89) has shown strong support for XAUUSD, with the price rebounding several times from this level. The nearest key resistance is at 2,540, and if the price breaks this level, it could lead to a more pronounced bullish trend.
OANDA:XAUUSDLong
by Zola_Hello
#BTC #Bitcoin #Update #Setup 15 #Eddy#BTC #Bitcoin #Update #Setup 15 #Eddy I don't know the main reason why I changed my mind from a sharp market fall, but at least I know that I used to take Bitcoin from the $25,000 range to very large targets, but it makes sense to introduce this setup to you. On the monthly time frame Bitcoin has closed above the previous ceiling with the body of the candle and on the other hand we have a valid exchange range that can support Bitcoin and cannot be ignored, but the market maker always surprised us. If I were to act like a sniper, the setup I have considered is suitable for the stated objectives, but I have marked the important support areas for you anyway, including the weekly block order I specified with WOB and finally If the monthly block order area I specified with Mob is gone. , we can see the drop until we reach the target of our previous 14 setup. & Do not forget that the WOB area should not be neglected. Related Analysis & Setups of Bitcoin : (( BTC/USD )) : Check Link : Good memories of the time I threw Bitcoin to the Moon From the $40,000 range : "It is true that it stopped, but it does not diminish the value of my analysis. ((This was the first setup to be published in tv.))" Related Analysis of Bitcoin Dominance : (( BTC.D )) : Check Link : "If everything goes according to my old analysis of Bitcoin Dominance, then this update can be approved."
Long
by Eddy_Trade_
ROSSARI BIOTECH Showing Change in Price StructureNSE:ROSSARI .................................................................................................................... .................................................................................................................... .................................................................................................................... Update on the expansion projects at Dahej Facilities .................................................................................................................... • In the Q2FY24 the Company had announced an expansion of its facility at Dahej by adding up 20,000 MTPA capacity for products related to HPPC in the specialty chemical space, as well as for producing ingredients for its subsidiary companies. Also, to cater to the growing demand in agro chemicals, home and personal care, oil & gas and the pharma sector, the Company had further announced expansion of the Ethoxylation capacity by 30,000 MTPA at the Dahej facility of Unitop Chemicals Private Limited. • Work on both these projects are progressing as planned. Commissioning is expected to happen, in a phased manner in the current year .................................................................................................................... .................................................................................................................... .................................................................................................................... • Consistent growth trajectory over the past three years, driven by both organic and inorganic growth strategies • While near-term investments and strategic initiatives have led to a moderation in ROCE and ROE, the balance sheet position remains strong. The Company is confident of reporting improved return metrics in the future as these investments start yielding results
NSE:ROSSARILong
by iism-ExpertTrading
XAU ! 9/10 ! The uptrend continues.XAU / USD trend forecast September 10, 2024 Gold (XAU/USD) is exchanging hands above $2,500 on Tuesday, sticking within its familiar range of the last few weeks as traders assess the outlook for monetary policy and the future path of interest rates in the US, a key performance indicator for Gold. Recent mixed US jobs’ data brought into doubt market expectations of the Federal Reserve (Fed) making an above-standard 0.50% (50 bps) cut to its fed funds rate at the September 18 meeting. This, in turn, had a negative impact on Gold, which tends to appreciate the more interest rates fall because that increases its attractiveness to investors as a non-interest paying asset. Based on M30, resistance and EMA 200 line, TRENDLINE to set up SELL signal /// SELL XAU : zone 2520-2523 SL: 2528 TP: 50 - 150 - 200 pips (2503) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
1
EUR/USD declines due to expectations of an ECB rate cut.The Euro dropped 0.44% on Monday, continuing its downward trend after breaking the 1.1100 support level. Expectations of an ECB rate cut on September 12 have weighed on EUR/USD. As shown on the chart, the EMA 34 is confluent with resistance at 1.10761, so traders may consider selling when the price reaches this resistance area. Additionally, the break of support further confirms the strength of the bearish side. Therefore, I suggest taking profits at TP 1 around 1.09565 and TP 2 at 1.09224. Traders should monitor further economic events and price action at critical support levels to determine the next trend.
Long
by Romio_pro
USDJPY Ranging 142-144 Ahead of U.S. CPIOn the 3-hour timeframe of the USDJPY pair, the price is moving within a range between the support level of 142 and the resistance level near 144. Closest support: 142. This is a key support level, and if it breaks, a sharp decline to lower levels could follow. Key resistance: 144. If the price surpasses this level, a short-term bullish trend may be triggered. Traders can sell when the price touches the 143 resistance or breaks the 142 support, targeting the lower support levels of 142.500 and 141.800. Investors are awaiting tomorrow's U.S. CPI report. A higher-than-expected CPI could boost the USD, aiding USDJPY recovery, while a lower CPI would pressure the USD, causing further declines in USDJPY.
Short
by Zola_Hello
1
XAUUSD: Breaking the Resistance Zone!Gold prices are currently fluctuating within a clear resistance and support range. At present, the price is positioned between the 34 EMA and 89 EMA, indicating a tug-of-war in the trend. The 34 EMA and 89 EMA are converging, signaling a potential trend breakout as the price moves out of this range. The key resistance level is around 2,525, a zone where prices have previously been rejected, indicating strong selling pressure. There are two main support levels: one near 2,470 (Support 1) and another closer at 2,489 (Support 2). The price has tested Support 2 once and is showing signs of retesting it. If the price holds above the 2,489 support level and shows signs of a rebound, it may retest the resistance zone at 2,523.48. If this level is breached, the next target could be 2,540 Trading Strategy: Wait for clear signals from price action as it reaches the critical resistance and support zones. If the price breaks out of these zones, consider trading in the direction of the new trend.
OANDA:XAUUSDLong
by Zola_Hello
XAUUSD Breakout: Awaiting a New Bullish WaveXAUUSD is currently trading within a descending channel and has successfully broken out above this trend. The EMA 34 and EMA 89 have crossed, signaling a potential bullish reversal in the market. The current resistance level is around 2,525, while the short-term support is around 2,485. XAUUSD is likely to fluctuate between 2,480 - 2,530, with a potential rise to 2,530, followed by a correction back to 2,490. Regarding news: Factors influencing gold prices include inflation reports, the Federal Reserve's interest rate policies, U.S. economic data, USD fluctuations, and geopolitical events.
OANDA:XAUUSDLong
by Zola_Hello
2