Longsignal
Gold price in uptrend !! Still expecting ATH✍️ NOVA hello everyone, Let's comment on gold price next week from 8/5 - 8/9/2024
🔥 World situation:
Gold prices are under pressure after hitting a two-week high of $2,477 earlier during the North American session. Data showed that the US jobs market feels the effects of higher borrowing costs set by the Federal Reserve as the number of Americans applying for work dipped. This bolstered the golden metal, which rallied over 1% before retreating. The XAU/USD trades at $2,430, down 0.60%.
Wall Street’s trade with substantial losses, as most equity indices plunged at least 2.20% after the US Bureau of Labor Statistics (BLS) revealed that July’s Nonfarm Payrolls (NFP) figures missed the mark, while June data was revised downward.
🔥 Identify:
The H4 uptrend is still quite clear, the trendline is beautiful for new growth, there are still many factors that help Gold reach a new ATH in the near future, typically the FED may cut interest rates in September 2024.
🔥 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: $2478, $2502, $2530
Support : $2420, $2372, $2354
🔥 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
Full Send Incoming - Through The Van Allen Radiation Belt We Go!Put on your oxygen masks ladies and gentlemen. The U.S. stock market is about to go ballistic.
You all know from my daily chart, we nearly hit the target of my inverse head and shoulders pattern to the dollar. Target was 570. One of my recent posts indicated that I was selling half at 560, taking my profit, and parking it in cash. But now, I will take that cash and pack my bags again as the market is getting ready to blow minds.
Literally, everyone is predicting a market crash soon. And that may happen. But not before a rocket launch to the moon that will rip faces off.
Pack your bags and BTFD folks. Ticket sales will be on fire for this rocket ride.
NZD / CHF !! recovering in a DOWN trend⭐️ Smart investment, Strong finance
⭐️ Personal comments NOVA:
Oversold signs - selling pressure gradually decreasing, expect a temporary recovery for NZD/CHF
⭐️ SET UP NZDCHF PRICE:
🔥BUY zone: 0.52200 - 0.52000 SL 0.51700
TP1: 0.52500
TP2: 0.52900
TP3: 0.53500
⭐️ 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
MDT ANALYSIS🔮 #MDT Analysis - Breakout 🚀🚀
💲💲 There is a breakout of Falling Wedge Pattern in #MDT. It's a daily time frame breakout and we will see more higher price in long-term. After a successful retest, we could see proper a rally 📈📈
💸Current Price -- $0.04472
📈Target Price -- $0.11320
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#MDT #Cryptocurrency #Breakout #DYOR
PCE weekend news - Gold price tries to recover⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Meanwhile, XAU/USD demonstrated some strength beneath the 50-day SMA, buoyed by anticipation that the Fed will commence its rate-cutting cycle in September. This has kept the USD subdued below a two-week peak reached on Wednesday, helping Gold to draw in some buyers. However, upward momentum appears constrained as traders await the upcoming US PCE Price Index release on Friday, which could signal the Fed's policy direction. This data will likely influence USD demand and inject new momentum into the non-interest-bearing gold market.
⭐️ Personal comments NOVA:
Gold price H4 frame completes wave 5 ELLIOT, will sideways stabilize below 2400 creating more liquidity for the market
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2352 - $2354 SL $2347
TP1: $2360
TP2: $2368
TP3: $2375
🔥SELL GOLD zone: $2400 - $2402 SL $2407
TP1: $2390
TP2: $2380
TP3: $2370
⭐️ 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
Chart Idea - KASUSDT Swing Long SetupKASUSDT Long Setup
Confirmations:
- Weekly Stoch RSI cross over
- Bounced beautifully from 0.618 fib level of 0.097 range
- Successful retest of weekly bull flag breakout support which coincides with 0.382 fib level
Entry: 0.11
TP: 0.378
SL: 0.099
It’s a swing long which can play out in weeks if not months.
NOT ANALYSIS🔴 #NOT Analysis : ❓❓
🔮There is a formation of "Bullish Pennant Pattern" in #NOT in 8hr time frame. We can expect around $0.02100 bullish move if the price brake the pattern.📈
⚡️What to do ?
👀Keep an eye on #NOT price action. We can trade according to the chart and make some profits. ⚡️⚡️
#NOT #Cryptocurrency #Breakout #DYOR
Gold corrects slightly after reaching ATH !!⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) rose to around $2,470 per troy ounce on Thursday, remaining near record highs as there is growing optimism that the Federal Reserve (Fed) will lower interest rates in September. Lower interest rates make Gold more appealing to investors as a non-yielding asset. Fed officials have expressed confidence in inflation aligning with their goals and are considering an interest rate cut.
⭐️ Personal comments NOVA:
Gold price had a 30 price adjustment when it peaked at 2484, the adjustment created liquidity for the market
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2440 - $2442 SL $2435
TP1: $2450
TP2: $2460
TP3: $2470
🔥BUY GOLD zone: $2432 - $2430 SL $2425
TP1: $2440
TP2: $2455
TP3: $2470
⭐️ 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
DOGE ANALYSIS🔮 #DOGE Analysis - Breakout 🚀🚀
💲💲 In 12hr Timeframe,Falling Wedge Breakout is Done✅
But right now we can see that #DOGE is trading around its crucial resistance zone and if #DOGE breaks this resistance zone then we would see a bullish move 💯🚀
💸Current Price -- $0.11880
📈Target Price -- $0.22075
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#DOGE #Cryptocurrency #Breakout #DYOR
XRP ANALYSIS🔮 #XRP Analysis - Breakout 🚀🚀
💲💲 There is a breakout of Falling Wedge Pattern in #XRP. It's a daily time frame breakout and it's ready for a bullish move of around 25% in for short term and around 40% in long term
💸Current Price -- $0.5120
📈Target Price -- $0.7266
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#XRP #Cryptocurrency #Breakout #DYOR
Strong increase in Gold - 3rd quarter 2024✍️ NOVA hello everyone, Let's comment on gold price next week from 7/8 - 7/12/2024
🔥 World situation:
Gold prices surged during mid-North American trade after June's US Nonfarm Payrolls report surpassed predictions, but hints of a faster cooling labor market from downward revisions of previous months led traders to anticipate a Federal Reserve rate cut in September. This expectation weakened the Greenback and boosted gold. XAU/USD is now trading at $2,391, marking daily gains over 1.40% and weekly gains above 2.70%, partly driven by a weaker US Dollar undermined by lower US Treasury bond yields.
🔥 Identify:
Gold price broke the cumulative sideway structure and rebounded strongly in the third quarter of 2024. While the expectation of interest rate cuts this year is getting closer and closer, it is the factor that helps gold prices stay positive
🔥 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: $2431, $2452, $2480
Support : $2365, $2335
🔥 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
NF - important data ! $2390 entries expected⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The ongoing risk-on climate, represented by global equity market increases, could limit any extreme XAU/USD rally. Traders may hold off on strong bets until the US monthly employment data release. The Nonfarm Payrolls report will shape expectations of future Fed policies, impacting USD demand and giving new momentum to the precious metal, which is set to record gains for a second consecutive week.
⭐️ Personal comments NOVA:
Gold price has positive optimism in early July. NF opportunities for prices to continue to rise, expected price range $2390 - $2400
⭐️ SET UP GOLD PRICE:
🔥SELL GOLD zone: $2390 - $2392 SL $2400
TP1: $2380
TP2: $2365
TP3: $2350
⭐️ 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
SO CLOSE!Bitcoin has reached the green support zone, and buyers are pushing the price upward. If BTC is to grow, it should follow the green path shown in the chart, allowing traders to enter with more confidence. The analysis sets a rejection boundary at 56,500 USDT on the daily timeframe; falling below this level invalidates the bullish scenario.
#BTC #Bitcoin #CryptoAnalysis #Trading #TechnicalAnalysis
Weekend Uptrend for Gold !! Target $2388⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The Bank of England's dovish outlook and rate cut expectations, along with the European Central Bank's decision to lower borrowing costs and the Swiss National Bank's rate cut, indicate a favorable environment for bullish traders in the gold market. The breakout above the 50-day Simple Moving Average further supports an upward trend. Any downward correction could be seen as a buying opportunity, as traders await the flash global PMIs for new momentum.
⭐️ Personal comments NOVA:
Gold price trend at the end of the week is prioritized to increase - break 2350 waiting for price range $2388-$2390
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2343 - $2345 SL $2340 scalping
TP1: $2350
TP2: $2355
TP3: $2360
🔥BUY GOLD zone: $2332 - $2330 SL $2325
TP1: $2340
TP2: $2350
TP3: $2360
🔥SELL GOLD zone: $2388 - $2390 SL $2395
TP1: $2380
TP2: $2370
TP3: $2360
⭐️ 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
Short recovery for Gold !! zone $2350⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) rises during Asian session, reaching over one-week high around $2,338. US macro data suggests easing inflation and a slowing economy, leading to speculation of two interest rate cuts by the Federal Reserve (Fed) this year. Expectations keep the US Dollar (USD) near weekly low, supporting gold as a commodity.
⭐️ Personal comments NOVA:
Gold price sideways, moving within the 2300 - 2350 range, expecting a recovery close to the $2350 price range and then adjusting again without too much important economic data.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2306 - $2304 SL $2298
TP1: $2315
TP2: $2322
TP3: $2330
🔥SELL GOLD zone: $2353 - $2355 SL $2360
TP1: $2345
TP2: $2338
TP3: $2330
⭐️ 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