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Gold prices retreat amid strong US Dollar pre FOMC decisionGold prices fell late in the North American session on Tuesday amid a strong US Dollar but despite falling US Treasury bond yields. Market participants await the US Federal Reserve’s (Fed) monetary policy announcement on Wednesday, followed by a press conference by Fed Chair Jerome Powell. Meanwhile, XAU/USD prices are set to remain near $2,150 as traders remain uncommitted to posting fresh bets in favor or against the yellow metal. The non-yielding metal remains subdued as traders await the Federal Open Market Committee (FOMC) decision. In addition to delivering its monetary policy statement, policymakers are expected to update their projections about the United States economy. Growing concerns that the Fed will reduce its estimates for the Federal Funds Rate (FFR) keep traders on edge. Tuesday’s US economic docket featured the release of Building Permits in February, which rose by 1.9% MoM from 1.489 million to 1.496 million. Meanwhile, Housing Starts for the same period saw a significant increase of 10.7%, surpassing the expected 8.2%. The US 10-year Treasury bond yield has fallen two-and-a-half basis points to 4.296%. Recent inflation data in the US showed that inflation on the consumer and producer side surprised to the upside, suggesting that inflation is stickier than expected, failing to break below the 3% threshold.
OANDA:XAUUSDShort
by sabellaFX
EURUSD SELL | Day Trading AnalysisHello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity EURUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
5
Gold price sideway waiting for interest rate information⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) struggles to benefit from previous day's rebound, hovering around $2,145, a one-week low. Speculations arise that the Federal Reserve (Fed) will maintain higher interest rates due to strong US consumer and producer inflation figures. This supports elevated US Treasury bond yields, bolstering the US Dollar (USD) and creating resistance for gold. ⭐️ Personal comments NOVA: Gold price sideway on Tuesday waiting for the results of FED interest rates, the price range fluctuates from $2145 - $2170 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2135 - $2137 SL $2130 TP1: $2142 TP2: $2150 TP3: $2160 🔥SELL GOLD zone: $2175 - $2177 SL $2182 TP1: $2165 TP2: $2158 TP3: $2148 ⭐️ 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
OANDA:XAUUSDShort
by Nova-Scalper
1
EUR / JPY !! SELL NOW resistance zone ⭐️ Smart investment, Strong finance ⭐️ EUR/ JPY INFORMATION: The price touched the long-term resistance zone H4, overbought. There is no important economic news on EURJPY, setting up a SELL signal ⭐️ SET UP EUR/ JPY PRICE: 🔥SELL zone: 163.450 - 163.600 SL 164.000 TP1: 163.100 TP2: 162.800 TP3: 162.500 ⭐️ 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
Short
by Nova-Scalper
3
XAU is in a short-term DOWN trend⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) hovers around $2,155 in early Asian trading on Monday. US inflation data suggests a potential delay in interest rate cuts by the Federal Reserve (Fed), causing a downtick in the yellow metal. However, positive developments in Chinese stimulus measures or strong demand from China could lift gold prices. The Fed may hold its interest rate at the March meeting, as they need more evidence of inflation easing before considering a rate cut. This could diminish the appeal of non-yielding metals and impact gold prices. ⭐️ Personal comments NOVA: Gold price broke through the $2,150 support zone in the opening session of the week. Shows that the corrective DOWN trend continues to prevail ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2135 - $2137 SL $2130 TP1: $2142 TP2: $2150 TP3: $2160 🔥SELL GOLD zone: $2163 - $2165 SL $2170 TP1: $2155 TP2: $2148 TP3: $2140 ⭐️ 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
OANDA:XAUUSDShort
by Nova-Scalper
7
PPI - Continue to adjust DOWN XAU⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Traders may also be hesitant and inclined to wait on the sidelines prior to the commencement of the two-day FOMC monetary policy meeting, scheduled to begin next Tuesday. In the interim, the release of Thursday's US macroeconomic data, including the monthly Retail Sales, the Producer Price Index (PPI), and the customary Weekly Initial Jobless Claims, could potentially impact the dynamics of the USD price. These factors, along with US bond yields and overall market sentiment, may play a role in creating short-term trading prospects within the Gold price. ⭐️ Personal comments NOVA: Continuing to expect a correction from Gold, US economic data this week is assessed optimistically Need price range of $2100 for Gold to accumulate more buying power ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2146 - $2144 SL $2140 TP1: $2150 TP2: $2155 TP3: $2160 🔥BUY GOLD zone: $2136 - $2134 SL $2130 TP1: $2145 TP2: $2152 TP3: $2160 🔥SELL GOLD zone: $2198 - $2200 SL $2205 TP1: $2180 TP2: $2165 TP3: $2150 ⭐️ 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
OANDA:XAUUSDShort
by Nova-Scalper
2
Continued DOWN correction for Gold !! Decrease⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) attracts dip-buying in Asian session, reversing part of previous day's profit-taking slide to $2,150 area. US Treasury bond yields ticked higher after warmer than expected US consumer inflation for February, boosting the US Dollar (USD) and exerting downward pressure on gold. Bullish run in US equity markets also contributed to flow away from safe-haven precious metal. ⭐️ Personal comments NOVA: After yesterday's CPI data, it is good for the Gold dollar to fall. In line with the DOWN adjustment, Gold prices continue to decline to create more liquidity and further accumulation ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2125 - $2127 SL $2120 TP1: $2135 TP2: $2148 TP3: $2155 🔥BUY GOLD zone: $2135 - $2133 SL $2130 scalping TP1: $2140 TP2: $2148 TP3: $2155 🔥SELL GOLD zone: $2168 - $2170 SL $2175 TP1: $2160 TP2: $2150 TP3: $2140 ⭐️ 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
OANDA:XAUUSDShort
by Nova-Scalper
4
Gold price - CPI waits for a DOWN adjustment⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices remained relatively unchanged towards the end of the North American session as traders prepared for the release of February's US Consumer Price Index (CPI) data. It is expected that the headline figures will remain unchanged, while core data is anticipated to cool down. This could put pressure on the US Dollar and provide a boost to XAU/USD. Currently, the price of Gold is trading at $2,180.60, showing minimal movement. In the previous week, the price of Gold reached a record high of $2,195.15, just shy of breaking the $2,200 mark. This occurred after Jerome Powell, Chair of the US Federal Reserve (Fed), testified at the US Congress and acknowledged that inflation was decreasing. Powell mentioned that eventually, the Fed would begin to implement more accommodative policies, but stressed that the central bank's decisions are reliant on data. Despite expressing confidence that inflation is gradually decreasing, Powell emphasized that there is no urgency to lower borrowing costs. ⭐️ Personal comments NOVA: US CPI data assesses the current level of inflation. It's time for a DOWN adjustment to create liquidity for the market ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2135 - $2137 SL $2130 TP1: $2142 TP2: $2150 TP3: $2160 BREAK OUT price range: SELL: $2175 BUY: $2185 🔥SELL GOLD zone: $2198 - $2200 SL $2205 TP1: $2190 TP2: $2175 TP3: $2160 ⭐️ 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
OANDA:XAUUSDShort
by Nova-Scalper
2
CHFJPY Short opportunity with 2.5 RR ratioHello guys, Here I am again, According to Elliott Wave Theory, CHFJPY appears poised for a downward movement based on the formation of a five-wave impulse pattern, with wave 5 about to start. Furthermore, the emergence of an evening star pattern reinforces the potential for a trend reversal. An evening star is a three-candlestick pattern characterized by a bullish candlestick, followed by a small-bodied candle, and then a bearish candlestick that closes below the midpoint of the first candle. This formation indicates weakening bullish momentum and the possibility of a shift towards a downtrend. Consequently, traders may anticipate a downward movement in CHFJPY as the Elliott Wave pattern start the 5th wave which is bit slower and complexed. GL Disclaimer: Forex signals provided are for informational purposes only and should not be considered financial advice. Trading forex carries inherent risks, and users should exercise caution and conduct their own research before making any trading decisions.
Short
by techmaker
1
USDCAD SELL | Day Trading AnalysisHello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
1
GBP/ USD !! Resistance zone H4 !! SELL ⭐️ Smart investment, Strong finance ⭐️ GBP/ USD INFORMATION: The GBP/USD pair remains above the 1.2800 level in early Asian trading on Friday, supported by selling pressure on the US Dollar. Focus will be on the US labor market data for February. GBP/USD is currently trading around 1.2810, up 0.01% on the day. Federal Reserve Chair Jerome Powell presented the Monetary Policy Report and discussed potential interest rate cuts during a Senate Banking Committee meeting on Thursday. Powell suggested that rate cuts could happen soon if inflation signals cooperate, but did not provide a specific timeline. Investors anticipate the first cut to occur in June, with a total of four reductions by the end of 2024, amounting to a full percentage point decrease. ⭐️ Personal comments NOVA: Resistance zone H4, buying force weakens, setting up SELL signal ⭐️ SET UP GBP/ USD PRICE: 🔥SELL zone: 1.28050 - 1.28250 SL 1.28550 TP1: 1.27700 TP2: 1.27300 TP3: 1.27000 ⭐️ 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
Short
by Nova-Scalper
6
TRB : SHORT SIGNAL : DISPROVING THE "SCAM COIN" MYTH Following the BTC retracement it's become clear what the likely bottom will be for TRB. There's been a lot of opinions regarding my previous post and how bad it was.. Sure.. I overestimated the target, but in my defense, I did call the trade and suggested setting a stop-loss at $160 in the event it did come down, which would have seen anyone that traded the signal, close their position in the money.. Whatever.. This trade appears more clear-cut and presents an opportunity to follow it down as it halves in value from current levels.. The setup on this trade: My suggestion: Enter short at the current price : ~$116.00 with about half the intended size position.. Set a stop-limit short order around $98.00 for the rest of the allocation.. Target: ~$60.50
Short
by Rebelmedia
9
NZDCAD SELL | Day Trading AnalysisHello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity NZDCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
7
AUDCHF,🔴Is it bearish...?🔴(Details on caption) Well as you can see, the price hit the daily FVG did the stop hunt, and had a bearish reaction, after the first bearish leg the price moved higher and hit the daily bearish order block and now we can see the market structure shift in the 1-hour chart, so we can expect the price move down to sell-side liquidity. 💡Wait for the update! 🗓️04/03/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
Short
by VahidTradingCR
6
A period of excitement and optimism for Gold⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) increased to a level not seen in nine weeks, just below the $2,100 threshold, early on Monday during Asian trading hours. Speculation about potential interest rate cuts later this year was fueled by discouraging economic data from the United States on Friday. Additionally, the decline in US Treasury yields gave further momentum to the upward trend in investor demand for gold. As of now, the price of gold stands at $2,085.55, showing no change throughout the day. According to data released by the Institute for Supply Management (ISM) on Friday, the US Manufacturing PMI fell to 47.8 in February from 49.1 in the previous reading. This marks the 16th consecutive month that the index has remained below 50, which indicates a contraction in the manufacturing sector. ⭐️ Personal comments NOVA: In an optimistic period for Gold, Gold prices need a downward adjustment if they want to surpass the 2100 mark in the first quarter of 2024. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2064 - $2066 SL $2060 TP1: $2070 TP2: $2076 TP3: $2082 🔥SELL GOLD zone: $2093 - $2095 SL $2100 TP1: $2088 TP2: $2080 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
OANDA:XAUUSDShort
by Nova-Scalper
3