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WAVESUSDTHi guys In the medium term, our view is for an upward trend. Especially if we look at the weekly time frame, we are on the verge of a medium-term bullish trend. But on lower time frames, it seems that the possibility of forming a downward trend similar to the scenario is very high. Support areas in downtrends are completely consumed. As long as the price area of $2.95 is maintained, the bearish scenario with the specified price targets is likely. The price target of $2.77 is attractive to buy the spot. What do you think
WShort
by BiTBingo
3
GBPJPY SHORT IDEAAfter a good movement for the GBP there was a slightly bear movement in the last days of this week. There was one new small bear canal which has been forming during the last days. As the last candle from Friday 01.03.2024 was a bear with a significant movement for JPY we could start looking for a short idea. The best variant to enter in a position will be after a successful retest of the demand zone which now we can consider as a supply one. It is not a good idea directly to enter in the short position because we do not have a confirmation if the zone is becoming supply.
Short
by kidagaka123
1
PMI !! Will Gold price adjust DOWN?⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is holding steady around the $2,045 mark during the Asian session on Friday. It remains within close reach of a nearly one-month high reached the day before. The release of the US Personal Consumption Expenditures (PCE) Price Index on Thursday showed that annual inflation in January was the lowest in three years. This has raised the possibility of a future interest rate cut by the Federal Reserve (Fed). However, this has not helped the US Dollar (USD) to continue its strong recovery from the 200-day Simple Moving Average (SMA). Instead, it has become a key factor supporting the precious metal. Despite this, a number of influential members of the Federal Open Market Committee (FOMC) have indicated that the central bank is not in a rush to lower interest rates. Additionally, investors believe that the Fed will wait until the June policy meeting before making any changes to borrowing costs. As a result, this supports higher yields on US Treasury bonds and limits the upward movement of gold, which does not generate any yield. Furthermore, the prevailing bullish sentiment in global equity markets is also acting as a deterrent for traders to make new bullish bets on the safe-haven XAU/USD pair. ⭐️ Personal comments NOVA: Gold price continued to benefit from yesterday's US unemployment data. increase to $2050 Zone. Strong resistance zone, in Uptrend ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2032 - $2034 SL $2028 TP1: $2040 TP2: $2045 TP3: $2051 🔥SELL GOLD zone: $2058 - $2060 SL $2065 TP1: $2052 TP2: $2046 TP3: $2040 ⭐️ 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
AUDNZD Short idea - Diviregence 1H Time frameAfter a good bullish rally for AUDNZD, the pair reached the horizontal resistance zone combined there with a supply zone. From the perspective of RSI there is bear divergence on 1H time frame. It is a bit risky to enter in a sell position right now, but if we have a good candlestick confirmation it would be great. However, the stoploss could be outside the supply zone. The line for takeprofit 2 is the zone which I aim to close eventual position
Short
by kidagaka123
1
BEAMX is beaming downwards #BEAMX/USDT #Analysis Description --------------------------------------------------------------- + BEAMX has formed a well-defined rising wedge pattern, which typically indicates a bearish trend in the chart. + Should the price breach the support line, we anticipate a sustained decline in price. + I plan to initiate a short trade as soon as the price breaches the support line, while maintaining a moderate stop loss. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.032179 Stop Loss: 0.03804 ------------------------------ Target 1: 0.03043 Target 2: 0.02921 Target 3: 0.02687 Target 4: 0.02443 ------------------------------ Timeframe: 4H Capital: 1-2% of trading capital Leverage: 5-20x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Short
by VectorAlgo
Sideway, weekend accumulation for Gold⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Meanwhile, yields on US Treasury bonds are increasing on the shorter end of the yield curve, indicating that investors are still doubtful about the possibility of the Federal Reserve reducing interest rates during either the March or May meetings. The most recent minutes from the Federal Open Market Committee (FOMC) emphasized that the US central bank is strongly committed to addressing inflation, despite the fact that there are more potential risks to the economy. Policymakers stressed that they would make decisions regarding monetary policy based on data analysis. The FOMC Minutes revealed that Fed officials are still cautious about cutting rates prematurely. They stated that it would not be appropriate to lower interest rates until they have "greater confidence" that core inflation will consistently reach 2%. While policymakers acknowledged that the risks associated with achieving their mandates are becoming more balanced, they remain highly focused on inflationary risks, despite the downward economic risks. ⭐️ Personal comments NOVA: At the end of the week, Gold price supports a sideways trend and accumulates for the next week ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2012 - $2010 SL $2005 TP1: $2016 TP2: $2024 TP3: $2030 Pay attention to the sideway resistance and support areas: $2030 and $2020 🔥SELL GOLD zone: $2038 - $2040 SL $2045 TP1: $2034 TP2: $2028 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
OANDA:XAUUSDShort
by Nova-Scalper
12
Waiting for good news PMI for Gold⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold has remained largely the same following the release of the meeting minutes from the US Federal Reserve (Fed) in January. These minutes provided assurance to market participants that the Fed does not have immediate plans to reduce interest rates. Although this could be interpreted as a "hawkish" stance, US Treasury bond yields remained stable upon the release, while the value of the US dollar (USD) slightly decreased by 0.04%. Currently, the XAU/USD is trading within the range of $2020-30. ⭐️ Personal comments NOVA: After yesterday's FOMC meeting, Gold prices still maintained the cumulative sideway trend, with not much change in concerns about inflation. The war situation in the Middle East is still a factor helping Gold maintain above $2020 It is expected that today's PMI news will still help Gold have more motivation to increase in price ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2010 - $2012 SL $2005 TP1: $2018 TP2: $2024 TP3: $2031 🔥SELL GOLD zone: $2038 - $2040 SL $2045 TP1: $2030 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
OANDA:XAUUSDShort
by Nova-Scalper
3
FOMC factor determines the upcoming trend of Gold⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Trading in the US resumed on Tuesday following the Presidents' Day holiday on Monday. The yield of the 10-year US Treasury bond decreased by four basis points to 4.256%, indicating a slight decline. Surprisingly, despite concerns about the US Federal Reserve (Fed), investors remain cautious as data from the Chicago Board of Trade (CBOT) predicts a smaller rate cut of 102 basis points in 2024, compared to the previous estimate of 180 bps in mid-January. However, the US dollar (USD) is currently stagnant due to the absence of economic data on the US agenda. Traders are eagerly awaiting the release of the minutes from the latest Federal Open Market Committee (FOMC) meeting. ⭐️ Personal comments NOVA: Gold's recovery still shows the market's optimism in the precious metal at present. Gold price is close to the $2030 resistance zone and shows quite a large buying force. Today's FOMC meeting information will determine the upcoming short-term trend ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2010 - $2012 SL $2005 TP1: $2018 TP2: $2025 TP3: $2032 🔥SELL GOLD zone: $2038 - $2040 SL $2045 TP1: $2030 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
OANDA:XAUUSDShort
by Nova-Scalper
11
Gold price is still in recovery and sideways⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold has continued to rise for three consecutive days after recent economic data from the United States showed that inflation is still higher than the target set by the US Federal Reserve. Both the Consumer Price Index (CPI) and the Producer Price Index (PPI) for January exceeded expectations, surprising traders and reducing the likelihood of a rate cut by the Fed in March and May. This led to an increase in the value of the US dollar (USD), which has been on the defensive since last Tuesday. The XAU/USD pair is currently trading at $2016.30. In response to the latest inflation reports, traders turned to gold as a means of protection. Furthermore, the decrease in yields on US Treasury bonds, specifically the 10-year note which reached a year-to-date high of 4.332%, dropped by four basis points to 4.293%. As a result, real yields, which have a negative correlation with gold prices, decreased from around 2.04% on Wednesday to 1.950%, as indicated by the yield on the US 10-year Treasury Inflation-Protected Securities (TIPS). ⭐️ Personal comments NOVA: Gold price is in a recovery phase after a sharp DECREASE back to the area below $1990. Currently on the sidelines and waiting for information from the FOMC meeting on Wednesday ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2006 - $2008 SL $2000 TP1: $2012 TP2: $2017 TP3: $2022 🔥SELL GOLD zone: $2029 - $2031 SL $2036 TP1: $2022 TP2: $2017 TP3: $2008 ⭐️ 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
15
EUR/ JPY !! 20/2/2024 Resistance zone, SELL NOW⭐️ Smart investment, Strong finance ⭐️ Personal comments NOVA: Strong resistance zone at 161,900, no important economic data today, correction DOWN ⭐️ SET UP EUR/ JPY PRICE: 🔥SELL zone: 161.870 - 162.070 SL 162.370 TP1: 161.570 TP2: 161.270 TP3: 160.870 ⭐️ 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
Still recovering momentum from Gold !! ⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) remains above $2,000 during the early Asian session on Monday. Economic data from the US indicates that inflation is higher than expected, leading financial markets to revise their expectations about the Federal Reserve (Fed) cutting interest rates in June. Currently, the gold price is trading at $2,014, reflecting a 0.12% gain for the day. In January, the Producer Price Index (PPI) for final demand increased by 0.3% compared to a 0.1% decline in December. This marks the largest increase since August 2023. On a yearly basis, the PPI figure rose by 0.9% compared to a 1.0% increase in the previous reading. In contrast, US Housing Starts experienced a significant decline of -14.8% from 1.562M to 1.331M, while Building Permits slumped by -1.5%. ⭐️ Personal comments NOVA: Still recovering, increasing price from Gold, approaching $2020 area, expecting the next DOWN trend ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $1985 - $1987 SL $1980 TP1: $1992 TP2: $2000 TP3: $2010 Pay attention to the $2010 support zone 🔥SELL GOLD zone: $2028 - $2030 SL $2035 TP1: $2020 TP2: $2010 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
OANDA:XAUUSDShort
by Nova-Scalper
7