A weaker Australian Dollar vs US DollarThe Australian dollar appears reluctant to break above its resistance level, so we consider selling and targeting the support level below. We believe that the current market conditions suggest a bearish outlook for the Australian dollar, as it struggles to gain momentum above the resistance level. By selling at this point and targeting the support level below, we aim to capitalize on potential downward movement in the currency.
Sellsignal
GBJJPY is showing a sell trendOANDA:GBPJPY The H1 trendline of GBPJPY has been broken, and the setup has already been shared in the e minds. Now, we just need to wait for a retest for the entry setup to form. Also, there is support, which will act as resistance. Support levels are: 196.100-195.900. The entry has been taken from the H4 Fibonacci level of 0.786
Strategic GBPJPY Selling AnalysisExplore the latest trends in the GBPJPY forex pair with identified sell levels at 195 and 197. Our comprehensive analysis delves into key market drivers, technical indicators, and fundamental factors, providing strategic insights for navigating the dynamic GBPJPY landscape.
PPI good for USD - Gold falls ! today⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices bounce back even as the US Dollar consolidates on Tuesday. However, the rise could be restrained as investors anticipate key US inflation data. Continued high US rates have pressured gold prices recently, but increasing Middle East tensions may temporarily support them.
⭐️ Personal comments NOVA:
Gold price is still recovering - however today's PPI data is likely to support the dollar - Gold is under selling pressure
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2308 - $2306 SL $2300
TP1: $2315
TP2: $2322
TP3: $2330
🔥SELL GOLD zone: $2376 - $2378 SL $2383
TP1: $2370
TP2: $2360
TP3: $2350
⭐️ 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
Slight decline at the beginning of the week for Gold⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices rise near $2,360 amid increasing Middle East tensions, benefiting precious metals. This week's focus is on the US CPI, PPI, and Retail Sales, potentially revealing economic and inflation trends. Last week, several Federal Reserve officials delivered hawkish messages; Atlanta Fed's Raphael Bostic ruled out interest rate cuts in 2024 due to high inflation while Minneapolis Fed's Neel Kashkari adopted a "wait and see" stance on future monetary policy.
⭐️ Personal comments NOVA:
Gold price is in a short-term downtrend, creating force to go up stronger, expected level $2400
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2330 - $2328 SL $2323
TP1: $2336
TP2: $2342
TP3: $2347
🔥SELL GOLD zone: $2378 - $2380 SL $2385
TP1: $2370
TP2: $2360
TP3: $2350
⭐️ 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
GBPAUD sellThe GBPAUD currency pair is beginning to form a structure for further decline. The downward trend seems to have solidified well. The previous major volume zone in the uptrend did not prove itself and was breached. As a result, this leads me to consider further potential downward trend. It seems logical to wait until the price returns to a better entry point, where I could short in a average term swing trade, at least until the first zone, which is at 1.87086.
Gradual Gold meltXAUUSD analysis:
Gold has broken the descending trend-line that was connecting the bodies of the candles on the 4H this was (also acting as a resistance) line holding price.
Another descending trend line has been issued this time wick to wick to see if we have a fighting chance on the 4H but if this one will not hold we might see price approach the next major resistance area @ 2401.93.
Gold heads below $2,300 ! XAU ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Global gold demand growth is driven by increased over-the-counter market investment, continuous central bank purchasing, and heightened demand from Asian markets, especially China and India. This growth is reinforced by geopolitical tensions in the Middle East, leading to a preference for safe-haven assets like gold. Gold traders are anticipating fresh catalysts such as the US weekly Initial Jobless Claims due on Thursday and a speech by San Francisco Fed President Mary Daly. Dovish comments from Fed officials could stabilize gold prices for now.
⭐️ Personal comments NOVA:
Gold price still moves in 2 trend lines, wide amplitude. There is still confidence that the Gold price needs to return to the entry area below $2,300. Long-term BUY in the H4 frame. The time for the FED to lower interest rates is getting closer and closer
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2270 - $2268 SL $2263
TP1: $2278
TP2: $2284
TP3: $2292
🔥SELL GOLD zone: $2349 - $2351 SL $2356
TP1: $2340
TP2: $2330
TP3: $2320
⭐️ 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
Bearish trend in hourly chart of MarutiThe hourly chart (timeframe I use for intraday trades) of Maruti is clearly bearish.
Candles are trading below 50 SMA and the manual trend is bearish as well.
There is a support at 12500 so I will sell once this is broken for targets of 12200 with SL above 12600.
#Educational purpose only
Return to RETEST entry BUY gold ! Increase⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Minneapolis Fed President Neel Kashkari's recent suggestion that the Fed may halt changes to interest rates and possibly increase the federal funds rate if inflation doesn't decline has strengthened the Dollar. This week's economic agenda includes more commentary from Fed officials, Initial Jobless Claims for the week ending May 4, and the University of Michigan Consumer Sentiment's preliminary report.
⭐️ Personal comments NOVA:
Gold prices decreased when there was not much important economic data this week. Mainly sideways and back to test entry BUY $2290
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2293 - $2291 SL $2285
TP1: $2300
TP2: $2310
TP3: $2320
🔥SELL GOLD zone: $2345 - $2347 SL $2352
TP1: $2335
TP2: $2320
TP3: $2310
⭐️ 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
Gold price increased unexpectedly !! MONDAY ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) loses momentum at $2,295 early Monday. Investors are eyeing Fedspeaks this week and the US Michigan Consumer Sentiment Index for May on Friday. The US Dollar Index (DXY), a gauge of USD value against trade partner currencies, rises to 105.12, recovering from nearly one-month lows.
⭐️ Personal comments NOVA:
Monday trading session saw Gold prices increase slightly, still in the disputed price range, selling pressure still prevailed more.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2277 - $2275 SL $2270
TP1: $2285
TP2: $2292
TP3: $2300
🔥SELL GOLD zone: $2325 - $2323 SL $2330
TP1: $2318
TP2: $2310
TP3: $2300
⭐️ 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
Gold price continues to have selling pressure - DOWN✍️ NOVA hello everyone, Let's comment on gold price next week from 5/6 - 5/11/2024
🔥 World situation:
Gold's initial gains were wiped out on Friday due to disappointing Nonfarm Payrolls data from the US Bureau of Labor Statistics, indicating a slower jobs market. Despite briefly nearing a daily high of $2,310, it didn't surpass May 2’s high of $2,326 and retreated to current spot prices. The XAU/USD remains stable at around $2,300. Optimism on Wall Street diminishes the appeal of gold as a safe-haven asset. Notably, US Treasury yields and real yields are declining, affecting gold prices inversely.
🔥 Identify:
During Gold's correction - there is a lot of selling pressure. The Fed's interest rate is not too surprising. There will not be much fluctuation this week, mainly sideways in the DOWN trend
🔥 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: $2347, $2400
Support : $2272, $2237, $2205
🔥 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 price in SIDEWAY price range! $2300⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price holds steady around $2,300 in the mid-North American session on Thursday. Factors contributing to this include positive market sentiment, declining US Treasury yields, and a weaker US Dollar. Traders are still processing comments made by Federal Reserve Chairman Jerome Powell on Wednesday, as well as the central bank's decision to keep rates unchanged. Additionally, recent data reveals a slight decrease in the US trade deficit and a tight labor market.
The XAU/USD is currently trading at $2,305, reflecting a 0.60% decrease. Expectations of a more hawkish stance from the Fed were not met, as they maintained a neutral position. The central bank also announced a reduction in the pace of its Quantitative Tightening (QT) program.
⭐️ Personal comments NOVA:
Gold price in the SIDEWAY price range, the range ranges from $2260 - $2330, is still trending DOWN more.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2268- $2266 SL $2260
TP1: $2275
TP2: $2290
TP3: $2300
🔥SELL GOLD zone: $2334 - $2336 SL $2340
TP1: $2325
TP2: $2310
TP3: $2290
⭐️ 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
FOMC - ADP NF Gold price fluctuated strongly today⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) slightly increases to $2,288 during the Asian session on Wednesday. This is due to cautious market sentiment ahead of the Federal Reserve's monetary policy meeting. The US ISM Manufacturing PMI and ADP Employment Change will be released later in the day.
⭐️ Personal comments NOVA:
Gold price is completing a DOWN correction. Today with many important economic data such as: PMI, ADP - NF and FOMC will determine the Gold price trend in early May until 2024.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2260 - $2262 SL $2255
TP1: $2270
TP2: $2278
TP3: $2285
🔥SELL GOLD zone: $2324 - $2326 SL $2330
TP1: $2310
TP2: $2295
TP3: $2280
⭐️ 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
Prioritize the DOWN trend !! XAU DECREASE⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price continues its stagnant trend as it struggles to gain traction in the Asian market on Tuesday. The US Dollar benefits from the Federal Reserve's higher interest rates and persistent inflation signs, alongside diminishing Middle East tensions. However, the downside is limited as traders await cues about the Federal Reserve's rate-cut plans.
⭐️ Personal comments NOVA:
Price moves in a DECREASING triangle pattern. Wait for break 2328 and target to return to $2300 area
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2306 - $2304 SL $2298
TP1: $2310
TP2: $2318
TP3: $2325
🔥SELL GOLD zone: $2358 - $2360 SL $2365
TP1: $2350
TP2: $2340
TP3: $2330
⭐️ 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
ATOM: in bear-trend📊Analysis by AhmadArz:
🔍Entry: 8.111
🛑Stop Loss: 8.323
🎯Take Profit: 7.898 - 7.637
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
$2,300, adjusted expectations !!! XAU / USD ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) is trading lower at $2,335 early Monday in Asia. Persistent US inflationary pressures are raising uncertainty about upcoming Federal Reserve rate cuts. The Fed's interest rate decision on Wednesday will be a key event to watch.
⭐️ Personal comments NOVA:
According to weekly commentary - GOLD PRICE continues to be in the adjusted price range DOWN. Monday, there is not much motivation for price changes, the sideways are mainly in the $2300 - $2350 price range with a wide range.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2302 - $2300 SL $2295
TP1: $2310
TP2: $2320
TP3: $2330
Pay attention to the scalping price range
BUY GOLD ZONE: 2315-2317 SL 2312
TP: 30 - 50 - 100 pips
🔥SELL GOLD zone: $2353 - $2355 SL $2360
TP1: $2348
TP2: $2340
TP3: $2330
⭐️ 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
Gold price adjusts below $2,300 next week✍️ NOVA hello everyone, Let's comment on gold price next week from 4/29 - 5/3/2024
🔥 World situation:
Gold price falls as US inflation data exceeds expectations, dampening hopes of Fed rate cuts. Annual underlying inflation rises to 2.7% but slows from February's 2.8%. Monthly inflation in line with expectations. Positive for bond yields and USD.
🔥 Identify:
Gold price has formed the DOW theory and is in a FIBONACCY correction. Expect prices below $2,300 next week
🔥 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: $2400, $2430, $2455
Support : $2284, $2212
🔥 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
Will the price of Gold continue to DECREASE or not?⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices made modest gains during the North American session on Thursday, increasing by over 0.5% after the release of important economic data from the United States (US). The GDP figures for the first quarter of 2024 fell short of expectations, leading to speculation that the US Federal Reserve (Fed) may reduce borrowing costs. However, there was a significant jump in inflation for the same period, which could delay the Fed's plans to lower interest rates.
XAU/USD is trading at $2,330 after rebounding from daily lows of $2,305, thanks to higher US Treasury yields resulting from a resurgence in inflation. Analysts had predicted that the US economy would slow down in 2024, but it missed the mark by a whole percentage point in Q1. This would maintain the narrative of a "soft landing," but underlying inflation for Q1 2024 increased by 3.7% QoQ, surpassing estimates and overshadowing the 2% recorded in Q4 2023.
⭐️ Personal comments NOVA:
Gold's DOWN correction wave is forming, FIBONACCY shows that wave 2 is developing.
Currently, the price continues to fluctuate sideways from $2300 - $2350
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2300 - $2302 SL $2295
TP1: $2315
TP2: $2330
TP3: $2345
🔥SELL GOLD zone: $2347 - $2349 SL $2355
TP1: $2340
TP2: $2325
TP3: $2310
⭐️ 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