XAU ! 11/11 ! XAU sideway , wait retest 2681XAU / USD trend forecast November 11, 2024! SCALPING
Gold prices saw their sharpest weekly drop in over five months as the US Dollar strengthened broadly and US Treasury yields surged after Donald Trump's presidential win. The "Trump trade" momentum keeps supporting the Greenback, adding pressure to gold prices for the second day on Monday, with equity markets maintaining a positive outlook.
Gold is still sideways around the price range of 2664 - 2675, waiting for a break and entering orders following the trend. Waiting for the retest range of 2681 to set up a SELL signal.
/// SELL XAU : zone 2681-2684 scalping
SL: 2687
TP: 40 - 80 - 150 pips (2669)
Safe and profitable trading
Sellsignals
ATH XAU ! 2638 and adjusted DOWN⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold (XAU/USD) hit a record high on Monday, driven by a weaker US Dollar and expectations of deeper Federal Reserve rate cuts. Geopolitical tensions in the Middle East are also boosting demand for safe-haven assets like gold.
Traders are watching the US Purchasing Managers Index (PMI) data, due later Monday. A stronger-than-expected result could strengthen the USD, potentially pressuring Gold prices.
⭐️ Personal comments NOVA:
Buying pressure is still strong - wait for new ATH areas: 2638 then steadily reduce liquidity below
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2603 - $2601 SL $2596
TP1: $2610
TP2: $2620
TP3: $2630
🔥SELL GOLD zone: $2638 - $2640 SL $2645
TP1: $2630
TP2: $2615
TP3: $2602
⭐️ 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
Sideway accumulation - XAU around 2500⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) dipped on Tuesday as the US Dollar showed modest recovery. However, Jerome Powell’s hint at Jackson Hole about potential rate cuts could lend support to the precious metal, as lower interest rates make gold more attractive. Rising tensions in the Middle East may also boost gold’s appeal as a safe haven.
China's central bank (PBOC) paused gold purchases for the third consecutive month in July, raising concerns. Traders are eyeing August data for new clues, but worries over China's sluggish economy and declining demand for precious metals could weigh on gold prices.
On Tuesday, the US will release its Consumer Confidence and Housing Price Index data, with the focus later in the week on GDP and PCE figures.
⭐️ Personal comments NOVA:
Gold price is still in an Uptrend in the long term, still needs additional sideways accumulation to create force to reach a new higher ATH.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2494 - $2496 SL $2491 scalping
TP1: $2502
TP2: $2508
TP3: $2515
🔥BUY GOLD zone: $2484 - $2486 SL $2479
TP1: $2495
TP2: $2502
TP3: $2520
🔥SELL GOLD zone: $2545 - $2547 SL $2552
TP1: $2538
TP2: $2530
TP3: $2520
⭐️ 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
KEY KeyCorp Options Ahead of EarningsLooking at the KEY KeyCorp options chain ahead of earnings , I would buy the $14 strike price Puts with
2023-6-16 expiration date for about
$0.27 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
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.
VRNT Verint Systems Options Ahead of EarningsAnalyzing the options chain and the chart patterns of VRNT Verint Systems prior to the earnings report this week,
I would consider purchasing the 30usd strike price Puts with
an expiration date of 2024-5-17,
for a premium of approximately $1.65.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
STNE StoneCo Options Ahead of EarningsIf you haven`t bought STNE before the previous earnings:
Then analyzing the options chain and the chart patterns of STNE StoneCo prior to the earnings report this week,
I would consider purchasing the 17usd strike price Calls with
an expiration date of 2024-3-22,
for a premium of approximately $1.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
ZM Zoom Video Communications Options Ahead of Earnings If you haven`t sold ZM before the previous earnings:
Then analyzing the options chain and the chart patterns of ZM Zoom Video Communications prior to the earnings report this week,
I would consider purchasing the 61usd strike price in the money Calls with
an expiration date of 2024-3-1,
for a premium of approximately $3.95.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
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.
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Patience is the If You Have Any Question, Feel Free To Ask 🤗
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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
AUD/ CAD !! 29/2/2024 Trendline DOWN, SELL now⭐️ Smart investment, Strong finance
⭐️ Personal comments NOVA:
Pay attention to the long-term DECREASE trendline, set up a SELL signal
⭐️ SET UP AUD/CAD PRICE:
🔥SELL zone:0.88450 - 0.88600 SL 0.89000
TP1: 0.88100
TP2: 0.87800
TP3: 0.87500
⭐️ 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
EURAUD !! Trend DOWN, SELL now⭐️ Smart investment, Strong finance
⭐️ Personal comments NOVA:
DOWN trend, stable trading below the EMA lines, establishing a SELL signal
⭐️ SET UP EUR / AUD PRICE:
🔥SELL zone: 1.65200 - 1.65350 SL 1.65800
TP1: 1.65000
TP2: 1.64700
TP3: 1.64300
⭐️ 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-term DOWN adjustment rhythm!! XAU ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) is experiencing a slight downward trend during the early European session on Thursday. However, it remains within a familiar range that has been maintained since the beginning of this week. The potential for an increase in interest rates by the Federal Reserve (Fed) for an extended period of time is limiting any significant upward movement. This is due to the resulting higher yields on US Treasury bonds, which undermines the appeal of gold as a non-yielding asset. Additionally, the positive sentiment surrounding equity markets is also contributing to the decline in demand for the safe-haven commodity.
On the other hand, the US Dollar (USD) is facing challenges in attracting significant buyers due to uncertainty regarding the timing and pace of Fed rate cuts in 2024. Furthermore, market expectations currently include five rate cuts over the remaining seven FOMC policy meetings this year. These factors are keeping USD bulls on the defensive and should mitigate any significant decline in gold prices. Traders are now focusing on the release of US Weekly Jobless Claims data and speeches by Richmond Fed President Thomas Barkin for potential market catalysts.
⭐️ Personal comments NOVA:
Gold price is in a sideway cycle again after the FED decided not to reduce interest rates in March 2024, unemployment news on Thursday today is also supporting the price to DOWN.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2015 - $2017 SL $2010
TP1: $2022
TP2: $2030
TP3: $2040
🔥SELL GOLD zone: $2048 - $2050 SL $2056
TP1: $2042
TP2: $2036
TP3: $2030
⭐️ 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
GBP/ JPY !! Getting SELL bad data for GBP⭐️ Smart investment, Strong finance
⭐️ Personal comments NOVA:
According to economic data experts, GBP will not be supported today, following the SELL trend around this area, touching the EMA.
⭐️ SET UP GBP/JPY PRICE:
🔥SELL zone: 185.350 - 185.500 SL 186.000
TP1: 185.000
TP2: 184.700
TP3: 184.400
⭐️ 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
This Simple Chart Tells Us All We Need to Know About Altcoins RNTraders,
Don't really have to say much more here. This is the altcoin total market cap excluding BTC and ETH. Alts continue to face trouble and it looks like more selling will ensue. Stay out of leverage and trade carefully. Ensure those stops!
3K T/P Nasdaq Short IdeaNasdaq Index
- Price been trending downward since the end of December 2021 and forming a channel chart pattern.
- Obviously more downside rather than upside potential ranging from 3K-3.9K in points. Downtrend is starting to weaken according to moving averages and and vortex sub chart indicator.
- Colored arrows represents 3 scenarios that could play out if price continue to trade within and/or breakout.