Gold price in early February, sideway, stable accumulation ✍️ NOVA hello everyone, Let's comment on gold price next week from 5/2 - 9/2/2024
🔥 Identify:
After the information that interest rates will continue to remain the same and not decrease in March. Selling pressure has increased, Gold prices have not been able to have strong growth and continue to sideway above the $2000 price range.
Some important news worth noting this week are: Fed Chair Powell Speaks, PMI, Unemployment Claims,..
🔥 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: $2050, $2060
Support : $2001
🔥 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
Sellsignal
USDCAD !!! 31/1/24 TREND DOWN ! SELL NOW ⭐️ Smart investment, Strong finance
⭐️ USDCAD INFORMATION:
During the early Asian session on Wednesday, the USD/CAD pair ends its four-day losing streak. The recovery of the pair is supported by positive US job openings and consumer confidence data, which contribute to the strengthening of the US dollar (USD). The focus is now on the Federal Reserve (Fed) monetary policy meeting scheduled for Wednesday, where no changes in interest rates are expected. Currently, USD/CAD is trading at 1.3405, showing a 0.04% gain for the day.
Unexpectedly, the number of available jobs in the US increased in December to 9.026 million, as reported by the Bureau of Labor Statistics on Tuesday. This marks the first time that job openings have surpassed 9 million since September. In addition, the Conference Board Consumer Confidence index rose to 114.8 in January, compared to the previous reading of 108.0, reaching its highest level in two years.
⭐️ Personal comments NOVA:
The long-term price range is still in a DOWN trend, the next bottom is gradually lower than the previous bottom. Touching the trendline sets up a SELL signal. CAD economic data also does not have much important information
⭐️ SET UP PRICE:
🔥SELL USDCAD zone: 1.34200 - 1.34350 SL 1.34800
TP1: 1.33900
TP2: 1.33600
TP3: 1.33300
⭐️ 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 is recovering, this week ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) is unable to take advantage of the previous day's strength above the 50-day Simple Moving Average (SMA). Instead, it is moving within a narrow trading range during the Asian session on Tuesday. Despite remaining below the $2,040-2,042 supply zone, the precious metal is still within a familiar trading range as traders await more clarity on when the Federal Reserve (Fed) will begin cutting interest rates before making any new bets. As a result, all eyes will be on the outcome of the highly-anticipated two-day FOMC monetary policy meeting scheduled to be announced on Wednesday.
As investors prepare for the significant risk associated with the central bank event, they are reducing their expectations for a more aggressive Fed policy easing in 2024 due to the resilience of the US economy. This is seen as a major obstacle for the non-yielding gold price. However, declining US Treasury bond yields are providing some support. Additionally, the escalating crisis in the Middle East is expected to limit the downside for gold as it serves as a safe-haven asset. Traders are now focusing on the Prelim GDP data from the Eurozone and the US macro data, including the Conference Board's Consumer Confidence Index and JOLTS Job data.
⭐️ Personal comments NOVA:
Gold price increased before federal and NF interest rate information this week, expectations of recovery this week are very high
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2012 - $2010 SL $2005
TP1: $2020
TP2: $2028
TP3: $2038
Note the Scalping BUY support zone 2022-2024
🔥SELL GOLD zone: $2048 - $2050 SL $2055
TP1: $2044
TP2: $2038
TP3: $2030
⭐️ 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
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GBPCAD has been in a downtrend since yesterday on the 4H and higher timeframes. We have spotted a perfect opportunity to sell it at a high price and buy it back at a low price.
Here is how it works:
The price has broken the key level of 1.7058, which is a strong sign of bearish momentum.
We expect the price to retrace back to this level and form a supply zone, where sellers will be waiting to enter the market.
We will place a sell limit order at 1.7113, which is the top of the supply zone.
If the price reaches our sell limit order, we will enter a short trade and set our take profit targets at 1.7010 (TP1) and 1.6910 (TP2), which are the demand zones where buyers will be waiting to enter the market.
If the price hits our take profit targets, we will exit the trade and enjoy our profits!
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January 2024, Gold price remained stable above $2,000⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The financial markets are anticipating that the Federal Reserve (Fed) will maintain interest rates at a range of 5.25–5.50% during its upcoming January meeting. However, traders will closely watch the press conference for any indications from Fed Chairman Jerome Powell regarding a potential rate cut in March. If such signals are given, it could lead to selling pressure on the US dollar.
According to US officials, a drone attack on American forces stationed near the Syrian border in northeastern Jordan resulted in the loss of three US troops and numerous injuries. This incident has contributed to an escalation of tension in the Middle East, which may increase the demand for safe-haven assets like gold.
⭐️ Personal comments NOVA:
Gold prices in the Asian session on Monday are tending to increase slightly but will continue to move sideways to wait for new motivation from interest rates
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2006 - $2008 SL $1997
TP1: $2015
TP2: $2022
TP3: $2030
🔥SELL GOLD zone: $2032 - $2034 SL $2040
TP1: $2028
TP2: $2024
TP3: $2019
⭐️ 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
CAKEUSDTCAKEUSDT is trading in descending channel and printing consistent LLs LHs. and is about complete ABCD pattern at strong daily support level. Recently the price is broken the important support zone and now retesting the broken level, and also retraced to 50% Fib retracement level.
If the sell momentum continues the next target could be 0.6400
What you guys think of this idea?
XAUUSD 100% CONFIRM ANALYSISDiscover an enticing Selling opportunity in GOLD as it undergoes a critical retest of a key resistance area. With market analysis, technical indicators, and price action as your allies, evaluate the potential downside move. Stay vigilant and informed to capitalize on this precious metal's market dynamics.
SUI : SHORT SIGNAL : SCALP WHAT'S LEFT OF THIS GUY If this feels a little like deja vu, I feel you..
Apparently SUI doesn't know when to quit..
It's hardly got any remaining teeth and here we go again.. )
Seriously though.. This coin looks extremely bullish in spite of the fact that it's likely coming down some first..
The good news is that getting in at the bottom of whatever's about to happen will put you in a spectacular position from which you can relax and watch the bullrun unfold..
I expect SUI will be one of the first coins out of the starting blocks, rushing to um..
Yep.. I was about to say "The moon"..
Don't you judge me.. ))
Short target: $1.20 (Because we're not greedy)
Here's the previous signal given for SUI:
www.tradingview.com : SELL SIGNAL : SCALP THAT INJUN
Gold price is still supported, waiting for PCE news⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Furthermore, the most recent political changes in the Middle East have resulted in a resurgence of non-profitable metal prices following the Houthis' assault on two American-flagged Maersk vessels that were under the protection of the US Navy.
Overall, those involved in the gold trading industry are preparing themselves for the upcoming announcement of the Federal Reserve's favored measurement of inflation, the Personal Consumption Expenditures (PCE) Price Index for December. This release is of particular importance as it precedes the monetary policy decision to be made by Fed Chairman Jerome Powell and his colleagues next week.
⭐️ Personal comments NOVA:
Gold price is still trying to maintain the 2010-2020 price range in the face of increasing selling pressure from investors due to information that the FED will lower interest rates in 2024.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2002 - $2005 SL $1995
TP1: $2008
TP2: $2014
TP3: $2020
🔥SELL GOLD zone: $2029 - $2031 SL $2036
TP1: $2024
TP2: $2019
TP3: $2014/b]
⭐️ 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 is trending DOWN with GDP news⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
During the Asian session on Thursday, the price of gold (XAU/USD) has slightly increased and recovered some of the significant losses from the previous day. However, there is a lack of strong bullish momentum. The US Dollar (USD) is struggling to take advantage of the rebound it experienced from a one-week low and is still below its highest level since December 13, which was reached on Tuesday. These factors, combined with the potential for further escalation of military action in the Middle East, are providing support for the safe-haven precious metal.
⭐️ Personal comments NOVA:
Gold price after the 2019 breakout, Gold price will continue to fluctuate below this zone and prioritize the upcoming DOWN trend, today's GDP news is also supporting that.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2000 - $2002 SL $1992
TP1: $2008
TP2: $2013
TP3: $2020
🔥SELL GOLD zone: $2022 - $2024 SL $2029
TP1: $2015
TP2: $2008
TP3: $2000
⭐️ 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
EUR/ JPY !! 25/1/2024 Trendline , touch EMA SELL NOW⭐️ Smart investment, Strong finance
⭐️ Personal comments NOVA:
The price is in a very nice downward trendline, along with touching the EMA, setting up a SELL signal
⭐️ SET UP EUR/ JPY PRICE:
🔥SELL zone: 160.800 - 160.950 SL 161.300
TP1: 160.510
TP2: 160.210
TP3: 159.820
⭐️ 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
Lockheed Martin Corp Bearish Signal Daily EMA CrossAs highlighted in my previous chart, there was an indication of behind-the-scenes pressure on Lockheed Martin to collaborate with the government, particularly considering its involvement in special projects over the last 70+ years. However, recent market sentiment and technical analysis reveal a an added divergence from this narrative.
Initial Problems: (Market Structure & Behind the scenes influence)
The current market structure demonstrates a significant BEARISH trend, as evidenced by a Daily EMA crossover. This trend is further accentuated by aggressive stock offloading, pushing the price down to $431.65. A BEARISH FVG, which I initially underestimated, has now become a pivotal factor in the selling pressure.
Recent statements from government officials and whistleblowers, along with anticipated video evidence, are expected to substantiate claims and intensify market sentiment. Consequently, the immediate target seems to be the previous support level at $397.77, considering the FVG liquidity range of $402.42 to $431.65 has already been factored in during the prior bullish movement and we have a definite bearish signal from the Daily crossing of the EMA.
Additional Problems: (Public)
According to recent reports from Reuters, Lockheed Martin forecasted its 2024 profit to be lower than Wall Street expectations. This outlook is officially considered as being primarily attributed to supply chain disruptions impacting its largest aeronautics segment, including the F-35 jets. These disruptions, is claimed as being partly a result of the pandemic, have notably affected the production rate and resulted in a decrease in net sales from the F-35 program by $275 million in the fourth quarter compared to the previous year.
Final payments for some F-35s are delayed due to the need for testing and approval of a software update on recently built jets. This delay, along with the broader impact of supply chain issues, has contributed to the recent downturn in Lockheed Martin's stock price.
Basically and officially, the current bearish trend in Lockheed Martin's stock is not only a reflection of market sentiment and technical factors but is also deeply influenced by fundamental challenges such as supply chain disruptions and delayed revenues from key projects like the F-35 program. Silently, it is quite a different story. Which problem is of greater importance and affecting the market sentiment? Is this the only time there have been delays and have they produced the same type of price action? The chart never lies and is quite telling of which of the problems is of greater importance.
A slowdown in the DOWN trend !! XAU ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
This week's main events to watch out for include the release of the US Gross Domestic Product (GDP) for the fourth quarter on Thursday and the Core Personal Consumption Expenditures Price Index (Coe PCE) on Friday. If the US data shows weakness, it is expected to influence the Federal Reserve to adopt a more dovish stance, which could limit the downward movement of gold prices. Additionally, the US Richmond Fed Manufacturing Index for January will be published later on Tuesday, ahead of the key US event.
⭐️ Personal comments NOVA:
Gold price range 2020-2027. Still in a DOWN trend if there is no sudden change in bad economic data for the DOLLAR. Gold price continues to struggle sideways above $2000
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2002 - $2005 SL $1995
TP1: $2012
TP2: $2020
TP3: $2030
Pay attention to the 2015-2017 support zone, scalping BUY
🔥SELL GOLD zone: $2040 - $2042 SL $2050
TP1: $2032
TP2: $2026
TP3: $2020
⭐️ 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
BIT SIMPSON : EAT MY SHORTNot sure how this is gonna turn out as I'm posting from mobile thanks to the great folks at the Microsoft Insiders Program. They thoughtfully have included the useful feature of corrupting the MBR on the C Drive when users leave the program after realizing it's banal. Thanks guys!
Back to bidniz..
I'm not shouting this one from the rooftops, not because I'm uncertain, but because it can easily be done wrong, so feel free to trade it, but unless you're comfortable trading BTC, let's regard this as a training exercise, ok?
Pretty confident it's just reached a near-perfect SHORT entry level, as indicated by the green circle. If it moves above that level, find cover or just assume the fetus position and shelter in place. The end will likely not be a long wait from that point.
If I'm right, you' ve just been handed your next ice-breaker with that hottie you know is a sucker for nerds that talk about their financial gains made on the backs of work done by others..
Will update the TP as soon as the topical lotion dries on this rash.
Go get'em, Tiger!
Scalping XAU !! 22/1/2024 stuck at the border of 2 trendlines⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) is facing renewed selling pressure at the start of the week, putting a halt to its two-day recovery from the $2,000 mark. This level is considered a psychological threshold, and the price had dropped to a one-month low last Wednesday. Last week, positive macroeconomic data from the United States indicated a resilient economy, giving the Federal Reserve (Fed) room to maintain higher interest rates for a longer period. Additionally, hawkish comments from several Fed officials have led investors to lower their expectations for a more aggressive policy easing in 2024. As a result, this is undermining the appeal of gold as an investment, as it does not generate yield.
⭐️ Personal comments NOVA:
The price is having a certain compression, stuck in 2 trendlines. The setup touches the downtrend line, a SELL signal
⭐️ SET UP GOLD PRICE:
🔥SELL GOLD zone: $2025 - $2027 SL $2030
TP1: $2021
TP2: $2017
⭐️ 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's prosperity at the end of January 2024!! XAU✍️ NOVA hello everyone, Let's comment on gold price next week from 22/1 - 26/1/2024
🔥 Identify:
The prosperity at the end of January 2024, political and military tensions in the US economy helped Gold prices recover slightly, but not for long.
Next week, important economic data such as PMI, GDP... can continue to help Gold prices recover further before falling to sideways accumulation.
🔥 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: $2038, $2056
Support : $2002, $1976
🔥 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
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
Scalping XAU! 19/1/24 Strong selling resistance zone⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The US-led coalition is still engaged in conflicts with the Iran-backed Houthi faction in the Red Sea, which is contributing to the stability of the Comex Gold price as the US Dollar remains subdued. On Thursday, Houthi rebels in Yemen fired two ballistic missiles at a tanker ship owned by the US and operated by Greece. In response, the US conducted its fifth attack against Houthi targets.
⭐️ Personal comments NOVA:
set up signal SELL XAU, resistance zone along with US economic data expected to be good for USD bad for XAU
⭐️ SET UP GOLD PRICE:
🔥SELL GOLD zone: $2033 - $2035 SL $2040
TP1: $2025
TP2: $2017
TP3: $2002
⭐️ 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