Sellsignal
The Last Candle from the GOLD is the Hanging Man???Dear my Dragon Friends
i saw the closing candle at this week with time frame Daily is "Hanging Man", that was means by monday we can see the reversal pattern (going down) our watchlist for down side is 2380-85 for the support if break we can get big pattern with Rising Wedge and will be going to 2280-2300.
But if HOLD at this number 2380-85 we can see GOLD will Rise again and me Higher High will break all resistance and make new resistance again, may be 25XX...
For now and this week i will try to trade sell and i will Buy next week.
Lets See
Happy Trading
Disclaimer On
The bears resisted fiercely! XAU adjustment⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) are rising due to a weaker US Dollar amidst speculation that the US Federal Reserve may cut interest rates in September following weak employment data. Political uncertainties in France and Middle Eastern tensions could further drive up Gold, a traditional safe-haven asset.
⭐️ Personal comments NOVA:
Gold's Monday price correction shows resistance from sellers and bears ahead of today's FED meeting. Gold price is still in a long-term price increase range
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2341 - $2343 SL $2336
TP1: $2350
TP2: $2365
TP3: $2380
🔥SELL GOLD zone: $2370 - $2372 SL $2377
TP1: $2360
TP2: $2350
TP3: $2340
⭐️ 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
Continue sideways ! Gold price stuck below $2350⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) continues with its struggle to make it through the 50-day Simple Moving Average (SMA) pivotal resistance and trades with a mild negative bias during the Asian session on Wednesday. The commodity, however, remains confined in a familiar range held over the past week or so as traders prefer to wait for more cues about the Federal Reserve's (Fed) policy path before placing fresh directional bets. Hence, the focus remains on the release of the FOMC meeting minutes later today. This, along with the Nonfarm Payrolls (NFP) report on Friday, might influence expectations about the Fed's future policy decisions, which will drive the US Dollar (USD) and provide a fresh impetus to the non-yielding yellow metal.
⭐️ Personal comments NOVA:
Gold price is still stuck in the fluctuating range of $2310 - $2350, waiting sideways for NF news this week
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2304 - $2302 SL $2297
TP1: $2310
TP2: $2320
TP3: $2330
🔥SELL GOLD zone: $2348 - $2350 SL $2355
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
Gold Market Analysis and Sell Signal Report
Current Resistance Level
Gold (XAU/USD) has recently encountered resistance at the 2361.00 level. This resistance has been tested multiple times, suggesting potential downward movement if it holds.
Technical Analysis Overview
- **Resistance Level:** 2361.00
- **Support Levels:** Key support levels to watch include 2356.00, 2351.00, and 2346.00.
- **Trend Analysis:** The trend shows potential bearish signals if gold fails to break above the 2361.00 resistance level.
Sell Signal Details
- * *Entry Price:** 2361.00
- **Take Profit Levels:**
- **T1:** 2356.00 (50 pips)
- **T2:** 2351.00 (100 pips)
- **T3:** 2346.00 (150 pips)
- **Stop Loss:** 2371.00 (100 pips)
#### Market Sentiment
Investors are advised to consider the strong resistance at 2361.00 as a potential point for initiating sell positions. With the entry point at 2361.00, the outlined take profit levels provide a structured approach to maximizing gains while minimizing risks.
Risk Management
It is crucial to adhere to the stop loss at 2371.00 to protect against potential upside risks. This strategy ensures that losses are limited, while the potential for profit remains high given the strong resistance level.
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Risk Disclaimer
Trading in forex and commodities carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in forex or commodities, you should carefully consider your investment objectives, level of experience, and risk appetite. There is a possibility that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with forex and commodity trading and seek advice from an independent financial advisor if you have any doubts.
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#GoldAnalysis #ForexTrading #SellSignal #MarketAnalysis #InvestorsFAQ #TradingSignals #RiskManagement #TechnicalAnalysis #Forex #Commodities
Please ensure you adapt your trading strategy according to your risk tolerance and market conditions. Happy trading!
SIDEWAY !! Gold price stuck below $2350⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) started the week subdued, fluctuating below a multi-day peak around $2,340 following the US PCE Price Index release. The key inflation data reinforced market predictions of potential Federal Reserve interest rate cuts in September and December, pushing the US Dollar further from its recent two-month high and bolstering gold as a result.
⭐️ Personal comments NOVA:
Gold price in early July is still maintaining in the range of $2310 - $2350, sideways, waiting for very important news this week.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2312 - $2314 SL $2307
TP1: $2320
TP2: $2330
TP3: $2340
🔥SELL GOLD zone: $2345 - $2347 SL $2352
TP1: $2338
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
CHFJPY → Trade Analysis | SELL SetupCHFJPY is currently testing a previously broken horizontal support level, which is now likely acting as resistance following the breakout.
To confirm the bearish trend, I have observed a horizontal range on the hourly chart and a bearish breach of its support level.
Is moving in an ascending channel, move to the resistance level and We expect a decline in the channel after testing the current level.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity CHFJPY
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 🤝
GOLD [XAU/USD] Sell Structure for the Month of MayAnalysis of Gold Price Movement in May 2024
For the daily timeframe in May 2024, Gold has opened at a high level, indicating potential seller activity. The initial target for price movement is the open price of 2321.07 , serving as the primary take-profit point for the monthly structure. Utilizing Fibonacci analysis, the first take-profit level is identified at 2339.56 , followed by the open price of 2321.07 .
Key rules to follow when trading this structure include:
1. Market Structure (OHLC/OLHC)
2. Divergence
3. TDI Cross
When these conditions align, the likelihood of a successful trade increases. Remember to practice patience and apply proper risk management techniques.
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PCE keeps gold stable above $2300⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) struggles to grow from a recent bounce, meeting new supply in Friday's Asian session. A resurgent US Dollar (USD) reaching a two-month high is hindering the commodity's progress. However, potential Federal Reserve interest rate cuts and geopolitical uncertainties in the Middle East and Russia-Ukraine provide support for the safe-haven XAU/USD.
⭐️ Personal comments NOVA:
Gold price is still accumulating at the end of June 2024, sideway around $2300 - $2340
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2304 - $2302 SL $2297
TP1: $2310
TP2: $2320
TP3: $2330
🔥SELL GOLD zone: $2340 - $2342 SL $2347
TP1: $2330
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
BITCOINHi guys
If the support range of $65,800 is consumed, the possibility of completing the double top pattern and a downward trend will be strengthened.
It is likely that the announced data will be the driver of this downward trend if it is announced more than expected.
Considering the maintenance of the resistance range, the possibility of continuing the upward trend is weak, and it should be seen how Bitcoin reacts to the specified support range.
What do you think?
DOWN trend for Gold!! Expected mark $2300⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) dips for the second day, hitting over a week's low during Wednesday's Asian session. Influential Federal Reserve officials' recent hawkish comments imply no imminent rate cuts due to a strong US economy. This boosts US Treasury bond yields and the US Dollar, negatively impacting the non-yielding gold.
⭐️ Personal comments NOVA:
Gold price in the H1 trend line is decreasing - selling pressure exists. Pay attention to support areas
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2294 - $2292 SL $2287
TP1: $2300
TP2: $2308
TP3: $2315
🔥BUY GOLD zone: $2300 - $2302 SL $2297 scalping
TP1: $2306
TP2: $2310
TP3: $2315
🔥SELL GOLD zone: $2334 - $2336 SL $2341
TP1: $2328
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
Accumulation price zone - XAU continues to trade below 2350⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) trades lower despite weaker USD. Stronger US PMI delayed interest rate cut, limiting gold's upside. However, safe-haven flows from geopolitical tensions in the Middle East and Ukraine may boost gold in the near term.
Investors will closely watch the speeches of Fed members Lisa Cook and Michelle Bowman on Tuesday. Key economic data to pay attention to this week includes the final Q1 US GDP reading on Thursday and the May PCE Price Index on Friday. If there are signs of declining inflation, it could lead to expectations of Fed rate cuts in 2024, potentially weakening the US dollar and benefiting USD-denominated Gold.
⭐️ Personal comments NOVA:
Gold price continues to maintain the price range below 2350 - 2300 today, a cumulative sideway price range.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2302 - $2300 SL $2295
TP1: $2310
TP2: $2320
TP3: $2330
🔥SELL GOLD zone: $2341 - $2343 SL $2348
TP1: $2335
TP2: $2328
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
DOW JONES - Completed Pattern. OANDA:US30USD While the OANDA:SPX500USD & OANDA:NAS100USD have been hitting new highs the DOW has struggled and has completed a Double ABCD Gartley pattern on friday and sold off into the close.
Setting up potential downside targets of 38300, 37800 & to complete the bigger pattern @ around 37k.
If we start heading lower on Monday then that could put the wheels in motion for the bigger correction.
Big data out mid week will send it one way or the other.
Enjoy the week.
I will post shorter time frame areas to watch with potential intraday turns points.
FAKE BREAK! Gold price maintains the DOWN price range below 2365✍️ NOVA hello everyone, Let's comment on gold price next week from 6/24 - 6/28/24
🔥 World situation:
Gold prices fell over 1.70% on Friday due to positive economic data from the US, which reduced expectations of interest rate cuts by the Federal Reserve. The XAU/USD trades at $2,317, below its opening price after reaching a daily high of $2,368. The US economy showed mixed signals, with June's PMI readings surpassing estimates but the housing sector declining as Existing Home Sales for May fell compared to April's data.
🔥 Identify:
Gold price had a FAKE BREAK to the 2365 zone then strong selling pressure on Friday, returning to the sideway price zone. Will continue to accumulate until the end of June 2024, maintaining below the 2365 area
🔥 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: $2338, $2365, $2385
Support : $2306, $2270
🔥 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 gold price reach the highest level of 2,400 in two weeks?Gold held steady around $2,360 per ounce on Friday, hovering at its highest level for two weeks, and set to post its second weekly gain, as soft US economic data reinforces predictions that the Federal Reserve might lower interest rates this year. could provide further insight into the economy's strength.
🔴SELL GOLD: 2388 - 2390, SL: 2394
🟢BUY GOLD: 2345- 2343, SL: 2339
🟢BUY GOLD: 2332- 2330, SL: 2326
⛔️Breakout: 2365 - 2344
🔼Support: 2345 - 2336 - 2332 - 2325 - 2320
🔽Resistance: 2370 - 2375 - 2380 - 2388
GOOD LUCK EVERYONE👍
XAUUSD - Gold prices increased at the end of the weekGold hovered around $2,330 per ounce mark on Thursday, as sluggish US economic performance heightened expectations that the Federal Reserve might reduce interest rates this year. Tuesday’s data showed that US retail sales barely rose, signaling cooling consumer sentiment. This, along with recent labor market and price data suggesting easing pressures, prompted the Fed to seek further confirmation of cooling inflation before likely cutting interest rates by year's end. Meanwhile, Chicago Fed Bank President Austan Goolsbee called the latest consumer price inflation reading "excellent" on Tuesday and expressed optimism for further inflation cooling this year. Investors are now focused on weekly jobless claims due later in the day and flash purchasing managers' indexes on Friday for insights into consumption and economic strength.
🔴SELL GOLD: 2353 - 2355, SL: 2359
🟢BUY GOLD: 2306 - 2304, SL: 2300
⛔️Breakout: 2340 - 2325 - 2305
🔼Support: 2332 - 2325 - 2315 - 2305 - 2300 - 2291 - 2286
🔽Resistance: 2340 - 2344 - 2350 - 2355
GOOD LUCK EVERYONE👍
XAU - GOING SIDEWARD BUT STILL IN DOWN TRENDGold rose to around the $2,320 per ounce mark on Monday, rebounding from declines in the previous session, as investors awaited a series of economic reports and comments from Federal Reserve officials throughout the week to gauge the Fed’s interest rate cut timeline. Key focal points include the US retail sales data scheduled for later today, weekly jobless claims on Thursday, and Friday's flash purchasing managers' indices, all of which offer insights into consumer spending and economic strength.
Gold maintains the small frame sideway zone, the price tops create consecutive false breaks
🔴SELL GOLD: 2348 - 2350, SL: 2354
🟢BUY GOLD: 2307 - 2305, SL: 2301
Note: Zone 2300
⛔️Breakout:
📈 Breakout on: 2326 - 2341
📉 Breakout below: 2312 - 2305
🔼Support: 2305 - 2300 - 2291 - 2286
🔽Resistance: 2330 - 2340 - 2350
GOOD LUCK EVERYONE👍
Scalp - Gold goes sideways on US holidaysGold held steady around the $2,330 per ounce mark on Wednesday after declining in the previous session, as softer-than-expected US retail sales data strengthened expectations of imminent Federal Reserve rate cuts. Retail sales in the US rose by 0.1% in May, following a revised 0.2% decline in April, missing the 0.2% forecast and signaling cooling consumer sentiment. Meanwhile, Fed Bank of New York President John Williams stated on Tuesday that interest rates will gradually decrease but did not specify when the central bank will begin easing monetary policy. Investors are now focused on weekly jobless claims due Thursday and flash purchasing managers' indexes on Friday for insights into consumption and economic strength.
The price line has not changed yet.
Although yesterday's news contributed to the rise in Gold, today's slight increase could still continue despite the Bank Holiday and important GBP News in the European session.
H4 price range is getting smaller 2334-2306 waiting for a break. But with bank holidays, you should be more careful to avoid false breaks.
🔴SELL GOLD: 2348 - 2350, SL: 2354
🟢BUY GOLD: 2307 - 2305, SL: 2301
Note: Zone 2300
⛔️Breakout: 2334 - 2305
🔼Support: 2324 - 2315 - 2306 - 2300 - 2291 - 2286
🔽Resistance: 2334 - 2340 - 2350
GOOD LUCK EVERYONE👍