Sideway - little volatility on the first Monday of the week⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) continues its decline for the fourth straight day, trading near $2,650 during early Monday’s Asian session. The stronger US Dollar, following Friday's upbeat Nonfarm Payrolls (NFP) data, is putting downward pressure on gold.
The US added 254,000 jobs in September, exceeding August’s revised 159,000 and the market expectation of 140,000. The Unemployment Rate fell to 4.1% from 4.2%. These positive US data reduce hopes of deeper interest rate cuts by the Federal Reserve, boosting the USD and weighing on gold, which is priced in dollars.
⭐️Personal comments NOVA:
There is not too much information and important economic news, sideway gold price on Monday at the beginning of the week: 2625 - 2660
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2628 - $2630 SL $2623
TP1: $2638
TP2: $2644
TP3: $2650
🔥SELL GOLD zone: $2670 - $2672 SL $2677
TP1: $2660
TP2: $2650
TP3: $2640
⭐️ 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
DXY Set for a Sell-Side Liquidity Sweep Following HTF RejectionAnalyzing the recent price action of the DXY, it appears that a retracement to sell-side liquidity is in progress. Price has respected a higher timeframe order block (HTF OB) near 102.798, showing a significant wick into the OB before closing below it—a clear bearish signal. This indicates a likely push towards key sell-side liquidity around 100.215. Traders should watch for bearish continuation setups as liquidity pools are targeted.
Always remember: DYOR (Do Your Own Research).
Potential EURAUD Sell Setup: Watch for Bearish TDI Cross. TP LevEURAUD's monthly structure on the daily timeframe shows an OHLC setup indicative of a potential sell opportunity. We’re currently awaiting a bearish TDI cross to confirm the presence of sellers in the market.
My target levels for take profit are as follows:
First at 1.65411,
Second at 1.64378
Third at 1.63374 (monthly open on the daily timeframe) .
Please trade with caution. If you find this analysis helpful, please support it with a comment, like, and share.
GBPJPY Down? - (Update)GBPJPY . Potential short opportunity.
This is an update on the previous analysis we have posted.
We have been waiting on the break of our 192.000 level since our yesterday’s analysis.
We believe that GBPJPY will continue to the downside after coming down to our PBA 2 (Pull Back Area) and breaking it (192.000). Our entry is sitting at the break at 192.000 . Breaking our PBA 1 at 190.000 would be confirming our sells and possible lower lows. Our SL (Stop Loss) is sitting slightly above PBA 2 at 193.590 . Our TP (Take Profit) is at 188.055 .
PARAMETERS
- Entry: 192.000
- SL: 193.590
- TP: 188.055
KEY NOTES
- GBPJPY has broken below our PBA 2.
- Break below 190.000 would confirm our sells
- Break above our SL would result in higher highs and invalidate the trade idea.
Happy trading!
FxPocket
GBPUSD → Trade Analysis | SELL SetupYou can expect a reaction in the direction of selling from the specified resistance zone
GBPUSD moving higher as it tests the strong resistance level..
We expect a bearish move from the confluence zone.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPUSD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
EURJPY ! trendline + resistance ! SELL NOW ⭐️ Smart investment, Strong finance
⭐️ Personal comments NOVA:
Frame H1 creates a trendline and resistance. Overbought has formed, setting up a SELL signal. Today, October 2, 2024, there is no important news for these two currencies
⭐️ SET UP EUR/ JPY PRICE:
🔥SELL zone: 159.600 - 159.800 SL 160.100
TP1: 159.300
TP2: 159.000
TP3: 158.000
⭐️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
XAU | USD! sideway downtrend 10/1/24XAU / USD trend forecast October 1, 2024
Gold price (XAU/USD) holds modest gains in early European trading on Tuesday but remains below last week's record high. Fed Chair Jerome Powell's hawkish remarks on Monday led investors to reduce expectations of aggressive rate cuts. This supported the US Dollar, which continues to recover from its lowest level since July 2023, creating a headwind for gold.
Based on M30, price adjustment h1 frame, XAU down
/// BUY XAU : zone 2624-2626
SL: 2618
TP: 50 - 100 - 150 pips (2639)
Safe and profitable trading
XAU cumulative adjustment process !! wait NF ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) started the week slightly lower but remain within a recent trading range, close to last Thursday's record high. Tensions rose as Israel escalated conflict at its Lebanon border, increasing geopolitical risks in the Middle East. Additionally, news of Japan's Prime Minister Shigeru Ishiba planning a general election on October 27, alongside US political uncertainties, provides support for the safe-haven asset.
Dovish expectations from the Federal Reserve keep the US Dollar near its lowest point since July 2023, which may further support gold. However, a risk-on mood driven by new stimulus measures from China puts some pressure on XAU/USD. Despite this, the broader outlook favors potential dip-buying opportunities.
⭐️ Personal comments NOVA:
According to the H1 frame, the gold price is in two adjustment and downtrend lines, waiting for NF news this week
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2643 - $2641 SL $2636
TP1: $2650
TP2: $2655
TP3: $2662
🔥SELL GOLD zone: $2670 - $2672 SL $2677
TP1: $2663
TP2: $2657
TP3: $2650
⭐️ 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 XAU Uptrend! wait ATH 2683⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) pulled back from record highs on Wednesday, dropping to around $2,655 in the European session. A risk-on sentiment and overbought conditions led to profit-taking, while a slight US Dollar uptick added pressure. However, expectations of aggressive Fed policy easing may limit the USD's strength, supporting gold.
Geopolitical tensions in the Middle East and US political uncertainty ahead of the November election also help contain gold's downside. Traders await further clues on the Fed's rate-cut path, with attention on FOMC speeches, including Fed Chair Powell's on Thursday, and the US PCE Price Index on Friday. metal.
⭐️ Personal comments NOVA:
Still a strong bullish force reaching the all-time highest ATH of 2670. The fomo from the market may continue throughout this week
⭐️ SET UP GOLD PRICE:
🔥 BUY GOLD zone: $2626 - $2628 SL $2620
TP1: $2635
TP2: $2642
TP3: $2650
🔥 SELL GOLD zone: $2683 - $2685 SL $2690
TP1: $2670
TP2: $2655
TP3: $2640
⭐️ 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
ATH XAU ! 2645 ! Continuing uptrend⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) reached a new all-time high during Tuesday's Asian session but saw limited follow-through as traders await more clarity on the Fed's rate-cut plans. The focus is now on upcoming FOMC speeches and Friday's US PCE Price Index release.
Expectations for further Fed easing, which has limited the US Dollar's recovery after last week's large rate cut, support gold. Ongoing geopolitical tensions in the Middle East, US political uncertainty, and economic slowdown fears also continue to bolster demand for the safe-haven metal.
⭐️ Personal comments NOVA:
After yesterday's PMI news - gold price continued to positively increase, creating a new ATH. Today, the new ATH trend continues to increase slightly - then it needs to decrease to get liquidity - stabilizing the market
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2591 - $2589 SL $2584
TP1: $2600
TP2: $2610
TP3: $2620
🔥BUY GOLD zone: $2604 - $2602 SL $2599
TP1: $2610
TP2: $2618
TP3: $2625
🔥SELL GOLD zone: $2643 - $2645 SL $2650
TP1: $2630
TP2: $2615
TP3: $2600
⭐️ 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
XAU in correction range as it hits ATH 2600⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) gained traction during the Asian session on Thursday, breaking a two-day losing streak and halting the pullback from its recent record high. The US Dollar's recovery following the Federal Reserve meeting lost momentum after a brief rise, which supported renewed demand for gold. Additionally, concerns over potential economic slowdowns in both the US and China, along with escalating tensions in the Middle East, boosted the safe-haven appeal of gold.
However, the Federal Reserve signaled a cautious approach to large interest rate cuts, leading to a rise in US Treasury yields, which may limit further gains for gold. Traders are now awaiting key US economic data, including Jobless Claims, the Philly Fed Manufacturing Index, and Existing Home Sales, for additional direction.
⭐️ Personal comments NOVA:
Gold price completed the upward cycle reaching the expectation of $2,600 - within the H1 frame's downward cycle, moving within two H1 trend lines.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2531 - $2529 SL $2524
TP1: $2545
TP2: $2560
TP3: $2573
🔥SELL GOLD zone: $2575 - $2573 SL $2578 scalping
TP1: $2568
TP2: $2560
TP3: $2550
🔥SELL GOLD zone: $2583 - $2585 SL $2590
TP1: $2570
TP2: $2560
TP3: $2550
⭐️ 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
New ATH XAU above 2630 next week✍️ NOVA hello everyone, Let's comment on gold price next week from 9/23 - 9/27/2024
🔥 World situation:
Gold prices surged past $2,600 to a new record high, fueled by expectations of further rate cuts from the Federal Reserve (Fed) and rising tensions between Israel and Hezbollah. XAU/USD is trading at $2,621, up 1.37%.
Risk aversion is evident as Wall Street's major indices posted slight losses. Fed Governor Christopher Waller supported a 50-basis-point rate cut, expecting low August PCE inflation data.
🔥 Identify:
FOMO to create new ATH for XAU is still very large - continue to expect higher price zones next week, before the market corrects again. New ATH target: 2643-2665
🔥 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: $2638, $2650, 2665
Support : $2584, $2558, 2529
🔥 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
XAUUSD SELL NOW ! WEEKLY CLOSING DAY!Go through the analysis carefully, and do trade accordingly.
Resistance- 2591-2594
Resistance-2612-2616
Support- 2571-2565
Support-2551-2555
Support-2541-2545
Strong support area- 2531-2535
Gold Signal Daily for the week
Current price- 2587.9
"if Price stays below 2600, then next target is 2564, 2552 and 2540 and above that 2605, 2618"
Advice-For Buying
Best buying area= 2530-2535
For selling
Best selling area= 2600-2616-2630
-POSSIBILITY-1
If 2571 break and sustain then you can sell gold with retest target will be 2545-2535
-POSSIBILITY-2
If it breaks 2600 and sustains then you can sell gold with retest target will be 2616-2630
Downward adjustment rhythm before FOMC ! XAU down ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) slipped during the Asian session on Tuesday, halting a three-day rally to record highs. Repositioning ahead of the Federal Open Market Committee (FOMC) meeting helped the US Dollar recover from its yearly low, pressuring gold. However, expectations of a more aggressive rate cut by the Federal Reserve may continue to support gold.
Concerns over China's economic slowdown, US political uncertainty, and ongoing geopolitical risks in the Middle East may limit further losses for the safe-haven asset. Traders are likely to stay cautious ahead of key central bank meetings this week, including the Fed's decision on Wednesday, followed by the Bank of England and Bank of Japan later in the week.
⭐️ Personal comments NOVA:
Gold price decreased - adjusted before news of FOMC interest rate cut tomorrow. The Uptrend creating ATH is still highly likely to come
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2549 - $2547 SL $2542
TP1: $2555
TP2: $2570
TP3: $2580
🔥BUY GOLD zone: $2530 - $2528 SL $2523
TP1: $2540
TP2: $2550
TP3: $2560
🔥SELL GOLD zone: $2602 - $2604 SL $2610
TP1: $2590
TP2: $2580
TP3: $2570
⭐️ 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
Sell Setup Confirmation with 1:5 Risk-Reward Target1. The candle closes at the all-time high,
2. and the next candle breaks that high,
3. closing as the first red candle.
4. The second red candle also confirms that selling pressure is increasing.
5. The third candle’s high does not break the low of the first red candle.
6. Now our resistance is confirmed.
7. According to the trade setup, we will take a trade here.
8. We will book a 1:5 target
HFCL Ltd. Resistance Rejection Sell Setup - 5:1 Risk-Reward Rati
Description:
This setup on HFCL Ltd. demonstrates a resistance rejection pattern with a focus on high-probability sell trades. The steps in this trade idea are as follows:
Candle Identification: We start by identifying a candle that has closed above the all-time high.
Candle Confirmation: The next two candles should close below each other, confirming a resistance level.
Resistance Confirmation: The continued closing of candles below resistance indicates strength in the rejection of this level.
Sell Execution: A sell trade is initiated as per the strategy, with a stop-loss placed at 160.00 and a risk-reward ratio of 5:1.
The target for this trade is set at ₹139, and the stop-loss is placed at ₹160. This setup provides a clear framework for executing trades with proper risk management.
Strategic Sell Setup for Lupin: Precision Trading with Defined RIn this Lupin sell trade setup , we are employing a systematic approach that ensures we trade based on a clear structure:
Identifying Key Levels:
The first step is to recognize a candle that has closed above the all-time high. This candle is crucial as it marks a potential exhaustion point or a possible reversal zone.
Confirmation with Consecutive Candles:
After spotting the all-time high candle, we need to confirm the market's bearish movement. The next two consecutive candles should close below each other, signaling that resistance is strong and the stock price is likely to move down.
Establishing Resistance:
The third key point is the confirmation of resistance. The downward pattern in candle closings suggests that selling pressure is increasing and resistance is solidifying. This signals a good opportunity to plan the trade.
Executing the Trade:
Finally, execute the sell trade based on the rules set in the strategy. This includes placing a stop-loss (27.65) and targeting a reward-to-risk ratio of at least 5:1. In this case, the target is 138.50 with an impressive reward-to-risk ratio of 5.01, ensuring the trade offers substantial profit potential compared to the risk.
This setup not only provides a clear structure for entry but also incorporates a solid risk management plan, making it a robust strategy for traders looking to capitalize on short opportunities in Lupin.
Sellers are determined not to let Gold reach a new ATH✍️ NOVA hello everyone, Let's comment on gold price next week from 9/9 - 9/13/2024
🔥 World situation:
Gold pulled back after failing to reach the all-time high of $2,531, dropping over 0.80% late in the North American session. Uncertainty over whether the Fed will cut interest rates by 50 or 25 basis points in September weighed on the metal, with XAU/USD now trading at $2,493 after peaking at $2,529.
The US Nonfarm Payrolls (NFP) report for August missed expectations but showed improvement from July’s revised figures. The unemployment rate fell, and Average Hourly Earnings increased, adding complexity to the economic outlook.
🔥 Identify:
1 thing worth noting: 6 times the price of Gold touched the old peak area ATH 2527-2531, the price reacted very strongly. This shows that the momentum for price increase is still very strong, however, large funds and investors do not want the price of Gold to increase during this time, maybe after the interest rate cut
Long-term time frames, technical aspects still show that Gold is developing stably, the main trend is Up
We will soon see a new peak, a new ATH in late 2024 soon
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H2 frame, NOVA identifies the important key areas as follows:
Resistance: $2505, $2530, 2559
Support : $2471, $2453
🔥 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
$2500 large accumulation price zone! XAU decrease⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) slipped on Tuesday due to a stronger US Dollar and rising US Treasury yields. However, expectations that the Federal Reserve might cut interest rates in September could support gold, as lower rates reduce the cost of holding non-yielding assets. Additionally, ongoing geopolitical tensions in the Middle East may boost demand for safe-haven assets like gold.
Looking ahead, the ISM Manufacturing PMI is set to be released on Tuesday, and the key focus will be on the US Nonfarm Payrolls (NFP) report for August, which could influence the Fed's rate decision and impact gold prices in the near term.
⭐️ Personal comments NOVA:
Gold prices enter September with high expectations for volatility and new price increases. Correction to reach new ATH continues this year
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2472 - $2470 SL $2465
TP1: $2480
TP2: $2495
TP3: $2510
🔥SELL GOLD zone: $2509 - $2511 SL $2514 scalping
TP1: $2504
TP2: $2498
TP3: $2490
🔥SELL GOLD zone: $2527 - $2529 SL $2534
TP1: $2520
TP2: $2510
TP3: $2500
⭐️ 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