Prices continue to DECREASE during the week! XAU ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) is moving within a limited range during the Asian session on Friday and continues to stay close to a low point reached earlier this week, around the psychological level of $2,000. The Middle East is experiencing heightened geopolitical tensions as Pakistan conducted retaliatory airstrikes inside Iran on Thursday. Additionally, clashes between the US and Houthi forces in the Red Sea, coupled with ongoing concerns about China's weak economy, provide support for the safe-haven status of gold.
⭐️ Personal comments NOVA:
Following the DOWN trend of Gold, US economic data is also supporting that
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $1993 - $1995 SL $1985
TP1: $2002
TP2: $2010
TP3: $2020
🔥SELL GOLD zone: $2033 - $2035 SL $2040
TP1: $2027
TP2: $2020
TP3: $2010
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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
Sellsetup
GBP/ JPY !! 19/1/2024 Trendline PRICE UP is stable⭐️ Smart investment, Strong finance
⭐️ Personal comments NOVA:
The H4 long-term increasing trendline is very beautiful. The price touches the trendline, setting up a SELL signal
⭐️ SET UP GBPJPY PRICE:
🔥SELL zone: 188.550 - 188.700 SL 189.100
TP1: 188.200
TP2: 187.900
TP3: 187.600
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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
Strong SELLING PRESSURE can cause Gold price to fall to 2002area⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Federal Reserve (Fed) Governor Christopher Waller stated on Tuesday that the Fed has the ability to decrease the target range for the federal funds rate in the upcoming year. Waller emphasized the importance of gradually and cautiously reducing the rates once the appropriate time arrives. Based on the CME FedWatch tool, market indicators suggest a 67% probability that the Federal Open Market Committee (FOMC) will initiate rate cuts in March. However, following Waller's remarks, traders adjusted their expectations from seven cuts in 2024 to six.
⭐️ Personal comments NOVA:
After last night's decline, Gold prices showed strong selling pressure, trading below the EMA lines, with an unclear trend, continuing a wide sideways range above the $2000 range.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2000 - $2002 SL $1995
TP1: $2010
TP2: $2025
TP3: $2040
🔥SELL GOLD zone: $2039 - $2041 SL $2047
TP1: $2030
TP2: $2022
TP3: $2010
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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
GBP/ JPY !! Getting SELL bad data for GBP⭐️ Smart investment, Strong finance
⭐️ Personal comments NOVA:
According to economic data experts, GBP will not be supported today, following the SELL trend around this area, touching the EMA.
⭐️ SET UP GBP/JPY PRICE:
🔥SELL zone: 185.350 - 185.500 SL 186.000
TP1: 185.000
TP2: 184.700
TP3: 184.400
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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
GBP/AUD SELL OPPORTUNITY I'm currently waiting for this 1HR trendline going back to Jan 2nd, 2024 to break and retest. Once it breaks below the trendline AND closes below the pivotal point of 1.90458 I will then start placing sell orders. The Daily D FIB Extension is at 1.84685 so that will be my main target on the way down. I will be selling every counter trendline break opportunities I can find. Happy Trading! :)
USDJPYIs USDJPY exhausting at strong resistance level?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after reaching at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 143 followed by 140.
What you guys think of it?
Yemi_FX1 | Bearish Setup on EJPrice broke out of a descending channel impulsively that's more visible in 1HTF, but Currently on 4HTF, OANDA:EURJPY is trading in an ascending channel, I'm expecting price to test and validate the upper trendline of the channel, then a continuation flag pattern which will serve as an entry opportunity.
If you found this helpful please support your fellow trader with a like.
Gold melting a little?In the final days in December gold's strength has started to weaken. Wednesday December 27th 2023 is the last high we saw gold peaking around 2088.41. A massive and consistent downtrend has come right after that with a clear formulated structure with lower-low's and lower-high's. Monday January 08th 2024 is when we saw a pull-back and momentum revitalize it's self with going stabilizing itself seeing more stride with it's price trying to gain value back to the upside. Yesterday Tuesday January 9th 2024 during New York session it's seemly lost it's momentum but we can see that Monday's New York session has made clean traffic with price to the upside which in turn will be great for pin pointing where gold will go.
*** KEY ANALYSIS ***
I'm looking for GOLD to break and CLOSE under 2023.83 on a 30M time frame. This will confirm more of a downtrend considering the clean traffic and move up from Monday New York session that had alot of volume
-- Close under my zone at 2023.83
Target 120 pts on candle break and close.
Stops: anywhere above opposite side of the zone at 2027.43
GBP/ JPY ! 10/1/2024 GBP bad news today⭐️Smart investment, Strong finance
⭐️Personal comments NOVA:
The price is approaching the nearest resistance zone, GBP news is also not positive today. Set up SELL signal
⭐️SET UP GBP/JPY PRICE:
🔥SELL zone: 184.000 - 184.200 SL 184.500
TP1: 183.700
TP2: 183.400
TP3: 183.000
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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
DOTUSDTDOTUSDT is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now retesting the broken level, which is also the 50% Fib retracement level.
If the sell momentum continues the next target could be 5.50
What you guys think of this idea?
KAVAUSDTIs KAVAUSDT exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 0.55 .
What you guys think of it?
Has the Gold price finished adjusting DOWN yet?⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Despite the early Asian session rebound of the US Dollar (USD), the price of gold (XAU/USD) remains in positive territory. The demand for the Greenback has been strengthened by the better-than-anticipated US labor data from Friday. However, the upcoming inflation data for this week will hold significant importance. Currently, the gold price is trading at $2,045, registering a 0.06% gain for the day.
⭐️ Personal comments NOVA:
At the end of last week's trading session, Gold prices had a certain recovery. But NOVA thinks Gold's DOWN correction has not ended, selling pressure is still there
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2030 - $2032 SL $2024
TP1: $2038
TP2: $2045
TP3: $2058
🔥SELL GOLD zone: $2058 - $2056 SL $2065
TP1: $2050
TP2: $2042
TP3: $2032
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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
AUDCAD Potential sells - 8 Jan. 2024Hey peeps,
Looking for potential sells off this 1hr zone.
We first identified our current range on the 4hr. I moved 1 timeframe lower and from the picture above on the 1hr, the counter trend towards our POI is very clear.
Once price swept the counter trend high on the 1hr within that 4hr IPA, and left an IPA we draw our fib and take it off the 78.6 zone.
Hope this helps you on your journey and follow for more!
NFP XAUUSD 100% CONFIRM ANALYSIS
In anticipation of today's Non-Farm Payroll (NFP) trade news, I am strategically eyeing a selling opportunity within the range of 2054-2056, with an extreme level target set at 2062-2066. The chart analysis is remarkably clear, presenting a compelling opportunity. Despite the inherent risks, the clarity in the charts motivates me to engage in this clash during the NFP release.
DOWN adjustment rhythm for UP wave⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Thursday saw an increase in Initial Jobless Claims in the United States, reaching 218,000 for the week ending December 23. This exceeded the market's prediction of 210,000. Continuing Claims also rose to 1.875 million, marking the highest level in four weeks. Additionally, November's Pending Home Sales remained unchanged, failing to meet the market's expectation of a 1% increase.
Looking ahead, gold traders will be closely monitoring the release of the Chicago Purchasing Managers' Index for December on Friday. However, given that traders are entering holiday mode as they approach 2024, this data may not prompt immediate action.
⭐️ Personal comments NOVA:
After the price reached the 2090 area, it reached a new peak in the last 3 weeks. Prices have been adjusted DOWN to create more liquidity for the market
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2053 - $2055 SL $2045
TP1: $2062
TP2: $2075
TP3: $2090
🔥BUY GOLD zone: $2032 - $2034 SL $2025
TP1: $2042
TP2: $2050
TP3: $2062
Note two more Scalping support zones: 2057 - 2059 and 2046-2047
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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
SCALPING !! 12/28/23 test the corrective wave rhythm⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) experienced slight downward pressure on Thursday following its recent three-week high. The valuable metal gave up some of its gains as investors took profits after a significant rally over the past two weeks. This occurred as the cost of holding the non-interest-bearing metal increased due to the recovery of US Treasury yields.
⭐️ Personal comments NOVA:
Based on today's correction, test the price trend at 2085 and signal SELL
⭐️ SET UP GOLD PRICE:
🔥SELL GOLD zone: $2085 - $2087 SL $2090 Scalping
TP1: $2080
TP2: $2075
TP3: $2070
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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
GBPUSD WEEKLY ANALYSIS SELL OPPORTUNITY Complement of the season to you all. I guess this will be my last analysis for this year, i believe this year was a wonderful year to many traders, if this year was not good for you i want you to put a smile on your face because i gate something nice for you on GBPUSD going to next year. The chart 📉 before you is GBPUSD WEEKLY chart you will clearly see that wave 1 and 2 is formed already waiting for the wave 2 complete then start the wave 3. The wave 3 is the longest and the sweet wave to make easy money 🤑🤑 so I want you to put this pair on your watch list and let make money together next year. Happy new in Advance 🎄🎇🎇🎇🤗
Audusd looking for sell reached resistance and supplyHI. Although the trend is upward, I am looking for sell because the price has reached resistance and supply.
the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
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EURUSD ,. Looking Attractive Hello Guys . On EURUSD we Have a Good Day Trading Selling Opportunity, Which the Market Have Been Trending Up and Finally Switch to The Downside Plus The Support of The Higher Time Frame Reacting From a Strong Supply Area On The Higher Time frames and am Expecting a Pullback to One of The Supply Zone and Continue The Sell to The Down side.
Drop your Opinion on The Comments Section ..Thanks