USD/ JPY ! 10/ 28 ! SELL resistance ! GAP USD/ JPY trend forecast October 28, 2024
The Japanese Yen (JPY) recovers about 50 pips from a three-month low against the USD, though gains are limited amid uncertainty over the Bank of Japan's rate hike plans and the ruling coalition’s recent loss of its parliamentary majority. Additionally, a positive risk sentiment continues to weigh on the safe-haven JPY.
At the beginning of the week, the price created a GAP to increase - need to adjust to fill the GAP. There is a slight resistance zone - in the context of not much important news today.
/// SELL USDJPY : zone 153.250 - 153.550
SL: 153.850
TP: 60 - 100 - 250 pips (151.050)
Safe and profitable trading
Sellzone
10/25 ! USD JPY ! touch trend set up SELL USD/ JPY trend forecast October 25, 2024
The Japanese Yen (JPY) failed to build on Thursday’s recovery and faced renewed selling pressure during Friday's Asian session. Japan's business activity data for October showed a contraction in both manufacturing and services sectors. Additionally, a drop in Tokyo’s core inflation below the Bank of Japan’s (BoJ) 2% target lowered expectations for further rate hikes in 2024, weighing on the JPY.
A positive market sentiment and US Dollar (USD) buying also supported the USD/JPY pair around the mid-151.00s. However, verbal intervention by Japanese authorities helped limit further JPY losses. Traders now await US economic data for short-term direction amid political uncertainty before Japan’s general election on Sunday.
H1 frame shows the price zone is adjusting - touching the trendline, continuing to adjust down
/// SELL USDJPY : zone 151.850 - 152.050
SL: 152.500
TP: 50 - 100 - 250 pips (149.550)
Safe and profitable trading
XAU ! 10/24 ! Adjustment and price decreaseXAU / USD trend forecast October 24, 2024
Gold price (XAU/USD) rises to the $2,736-$2,737 range during the European session, recovering some losses from the previous day’s pullback from a record high. Ongoing Middle East conflicts and uncertainty around the upcoming US Presidential election on November 5 boost demand for the safe-haven asset. Additionally, a slight dip in the US Dollar from its near three-month high and falling US Treasury yields further support gold's upward movement.
Gold price continues to be in the long-term uptrend - however, there needs to be adjustments for the market to stabilize and rebalance. Expected price range 2700 - 2680 in the short term
/// SELL XAU : zone 2740-2743
SL: 2748
TP: 50 - 200 - 300 pips (2713)
Safe and profitable trading
EURJPY ! trendline + resistance ! SELL NOW ⭐️ Smart investment, Strong finance
⭐️ Personal comments NOVA:
Frame H1 creates a trendline and resistance. Overbought has formed, setting up a SELL signal. Today, October 2, 2024, there is no important news for these two currencies
⭐️ SET UP EUR/ JPY PRICE:
🔥SELL zone: 159.600 - 159.800 SL 160.100
TP1: 159.300
TP2: 159.000
TP3: 158.000
⭐️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
Strong XAU Uptrend! wait ATH 2683⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) pulled back from record highs on Wednesday, dropping to around $2,655 in the European session. A risk-on sentiment and overbought conditions led to profit-taking, while a slight US Dollar uptick added pressure. However, expectations of aggressive Fed policy easing may limit the USD's strength, supporting gold.
Geopolitical tensions in the Middle East and US political uncertainty ahead of the November election also help contain gold's downside. Traders await further clues on the Fed's rate-cut path, with attention on FOMC speeches, including Fed Chair Powell's on Thursday, and the US PCE Price Index on Friday. metal.
⭐️ Personal comments NOVA:
Still a strong bullish force reaching the all-time highest ATH of 2670. The fomo from the market may continue throughout this week
⭐️ SET UP GOLD PRICE:
🔥 BUY GOLD zone: $2626 - $2628 SL $2620
TP1: $2635
TP2: $2642
TP3: $2650
🔥 SELL GOLD zone: $2683 - $2685 SL $2690
TP1: $2670
TP2: $2655
TP3: $2640
⭐️ 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
Bearish - weekend correction after reaching ATH $2600⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) gained for the second consecutive day on Friday, approaching the record high reached after the Federal Reserve's significant interest rate cut earlier this week. The Fed also hinted at more cuts, weakening the US Dollar and supporting gold.
Concerns about economic slowdowns in the US and China, along with geopolitical tensions in the Middle East, further boost gold’s appeal. However, the global stock market rally limits strong gains for the safe-haven metal, keeping upward momentum in check during the Asian session.
⭐️ Personal comments NOVA:
Gold price reached ATH this week: 2600, In the context of many concerns about the impending economic recession - the psychology of waiting will cause gold prices to quickly adjust downwards.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2580 - $2578 SL $2573
TP1: $2588
TP2: $2595
TP3: $2603
🔥BUY GOLD zone: $2567 - $2565 SL $2560
TP1: $2573
TP2: $2580
TP3: $2590
🔥SELL GOLD zone: $2613 - $2615 SL $2620
TP1: $2600
TP2: $2585
TP3: $2560
⭐️ 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
Downward adjustment rhythm before FOMC ! XAU down ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) slipped during the Asian session on Tuesday, halting a three-day rally to record highs. Repositioning ahead of the Federal Open Market Committee (FOMC) meeting helped the US Dollar recover from its yearly low, pressuring gold. However, expectations of a more aggressive rate cut by the Federal Reserve may continue to support gold.
Concerns over China's economic slowdown, US political uncertainty, and ongoing geopolitical risks in the Middle East may limit further losses for the safe-haven asset. Traders are likely to stay cautious ahead of key central bank meetings this week, including the Fed's decision on Wednesday, followed by the Bank of England and Bank of Japan later in the week.
⭐️ Personal comments NOVA:
Gold price decreased - adjusted before news of FOMC interest rate cut tomorrow. The Uptrend creating ATH is still highly likely to come
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2549 - $2547 SL $2542
TP1: $2555
TP2: $2570
TP3: $2580
🔥BUY GOLD zone: $2530 - $2528 SL $2523
TP1: $2540
TP2: $2550
TP3: $2560
🔥SELL GOLD zone: $2602 - $2604 SL $2610
TP1: $2590
TP2: $2580
TP3: $2570
⭐️ 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 continues sideways waiting for tomorrow's CPI⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) struggled to build on Monday's gains and edged lower during Tuesday's Asian session, weighed down by continued US Dollar strength. After Friday's mixed jobs report, investors reduced expectations of a larger Fed rate cut in September, boosting the USD and pressuring gold.
Additionally, a positive sentiment in equity markets further dampened demand for the safe-haven metal. XAU/USD remains within a multi-week trading range as investors await more clarity on the Fed’s rate decision. Focus now shifts to US inflation data due Wednesday, with the potential rate-cut prospects limiting aggressive bearish positions on gold.
⭐️ Personal comments NOVA:
There was no important news on Tuesday, Gold prices continued sideways in the price range of 2480-2520 waiting for important data of the week: CPI, PPI,...
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2486 - $2484 SL $2479
TP1: $2495
TP2: $2505
TP3: $2520
🔥SELL GOLD zone: $2519 - $2521 SL $2526
TP1: $2510
TP2: $2500
TP3: $2490
⭐️ 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
Trendline H1 ! Set up SELL, test support⭐️ Smart investment, Strong finance
⭐️ Personal comments NOVA:
GBPAUD today will have notable GBP news, affecting current prices. Trade with today's news data
⭐️ SET UP GBPAUD PRICE:
🔥SELL zone: 1.96300 - 1.96500 NOW SL 1.96800
TP1: 1.96000
TP2: 1.95500
TP3: 1.94000
⭐️ Technical analysis:
Trendline H1 , test support and NEWS GBP TODAY
⭐️ 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
XAU ! NF ! decision for the market to fall sharplyXAU / USD trend forecast September 6, 2024
The ADP National Employment Report released Thursday showed that US private-sector jobs increased by 99,000 in August, the smallest rise since January 2021, missing the forecast of 145,000. July’s figure was also revised down to 111,000 from 122,000. Additionally, job openings fell to 7.673 million in July, a three-and-a-half-year low, indicating a weakening labor market.
Sideway below 2500 is a good signal for Gold in the near future, waiting for interest rate cut in September 2024
Based on H4, resistance and EMA 200 line to set up SELL signal
/// SELL XAU : zone 2528-2531
SL: 2536
TP: 50 - 150 - 300 pips (2501)
Safe and profitable trading
XAU decreased! PMI ! Important data today⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices edged higher during the Asian session on Thursday, building on their rebound from near two-week lows around $2,472. A US labor market report on Wednesday showed job openings dropping to a three-and-a-half-year low, fueling speculation of a larger Fed rate cut in September, which supports the non-yielding metal. Concerns about the US economy also drive investors toward safe-haven assets like gold.
However, strong buying momentum is lacking as traders remain cautious ahead of Friday’s key Nonfarm Payrolls (NFP) report. Thursday’s ADP employment report, Weekly Jobless Claims, and ISM Services PMI may offer short-term opportunities, but expectations for upcoming Fed rate cuts continue to support gold prices.
⭐️ Personal comments NOVA:
The financial market was shaken by the news that the FED lowered interest rates in September, fearing an economic recession. Gold also found it difficult to avoid the general sentiment, continuing to reduce and adjust more strongly.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2472 - $2470 SL $2467 scalping
TP1: $2478
TP2: $2483
TP3: $2490
🔥BUY GOLD zone: $2451 - $2453 SL $2446
TP1: $2460
TP2: $2470
TP3: $2480
🔥SELL GOLD zone: $2506 - $2508 SL $2513
TP1: $2495
TP2: $2480
TP3: $2460
⭐️ 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
AUDUSD M15, Intraday TradeI just shorted AUDCAD, Bearish 5-0 Pattern on the 1-hourly chart, and now AUDUSD on this Bearish Gartley Pattern.
It seems like the Australian dollar may have a bearish movement for the next couple of hours.
If you have been following, you should know I don't usually trade on the M15 chart, but this one has an upsize trade component.
What is an upsize trade?
An upsize trade is a trading setup that allows me to stretch my final target to the next pattern completion. It's a Trade Management skill that I've used for years.
Before using it, You must be very familiar with the product and strategy.
PMI - revised, cumulative below 2500 ! XAU / USD ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) held firm above the $2,500 mark during the Asian session on Thursday, staying near the record high reached earlier this week. On Wednesday, data revealed that US job growth over the past year was weaker than initially estimated, and the July FOMC meeting minutes showed that several officials supported an immediate rate cut. This strengthened expectations for the Fed to start easing its policy in September, which pushed the US Dollar (USD) to a new low for the year and provided a boost to gold.
Investors are now seeking more clarity on whether the weaker US labor market might justify a larger rate cut next month. This makes Fed Chair Jerome Powell's upcoming speech at the Jackson Hole Symposium crucial for influencing the USD and gold's direction. Meanwhile, the risk-on sentiment is capping further gains for gold, though ongoing tensions between Israel and Hamas could limit any downside. Traders are also keeping an eye on global PMIs and US macro data for short-term opportunities.
⭐️ Personal comments NOVA:
almost 100% sure, in September 2024 the FED will cut interest rates, the sentiment is very optimistic about the market. Before the price continues to create ATH, it is necessary to get more liquidity in the area below 2450 - 2500
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2477 - $2475 SL $2470
TP1: $2485
TP2: $2500
TP3: $2510
🔥SELL GOLD zone: $2510 - $2512 SL $2516 scalping
TP1: $2505
TP2: $2500
TP3: $2490
🔥SELL GOLD zone: $2550 - $2552 SL $2557
TP1: $2540
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
REACHED ATH !! XAU accumulates waiting for FOMC today⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) hit a new record high around $2,531-$2,532 on Tuesday, driven by expectations that the Federal Reserve (Fed) will soon begin easing its policy. Markets are increasingly betting on a 25 basis point rate cut in September, boosting demand for gold. Dovish Fed expectations also pushed down US Treasury yields and weakened the US Dollar (USD), with the USD Index (DXY) dropping to a seven-month low, further supporting gold.
Additionally, a slight pullback in US equity markets contributed to gold's rise. However, optimism about easing tensions in the Middle East limited further gains for XAU/USD. Investors remain cautious, waiting for Fed Chair Jerome Powell's speech at the Jackson Hole Symposium on Friday and the July FOMC meeting minutes for more clues on the Fed's policy direction, which will influence USD demand and gold's next move.
⭐️ Personal comments NOVA:
Gold price reached ATH 2530 according to FIB H4, continue to accumulate and wait for FOMC data today, possibility of sideway, correction decrease
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2485 - $2487 SL $2480
TP1: $2495
TP2: $2503
TP3: $2510
🔥SELL GOLD zone: $2533 - $2535 SL $2540
TP1: $2520
TP2: $2505
TP3: $2480
⭐️ 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
Accumulating price zone - Gold has great momentum to increase⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) struggled to build on the previous day's gains, edging lower during Friday's Asian session. However, the downside appears limited. The positive mood in global equity markets is putting some pressure on the safe-haven metal. Even so, concerns about a potential Middle East conflict and expectations of an upcoming rate cut from the Federal Reserve (Fed) should help keep gold's losses in check.
Dovish Fed expectations have led to a slight pullback in US Treasury yields, preventing the US Dollar (USD) from fully capitalizing on Thursday's strong US economic data. This supports gold prices. Despite the dip, XAU/USD is still on track for modest weekly gains as traders await US macro data, including Building Starts, Housing Permits, and the Preliminary Michigan Consumer Sentiment Index, for further cues.
⭐️ Personal comments NOVA:
Gold price stuck in short-term sideways range 2425 - 2475, accumulating until September interest rate announcement
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2438 - $2436 SL $2433 scalping
TP1: $2442
TP2: $2450
TP3: $2460
🔥BUY GOLD zone: $2424 - $2422 SL $2417
TP1: $2430
TP2: $2440
TP3: $2450
🔥SELL GOLD zone: $2498 - $2500 SL $2505
TP1: $2490
TP2: $2480
TP3: $2470
⭐️ 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
CPI - Can Gold Price Surpass ATH?⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) faced fresh selling after a brief rise to the $2,472-2,473 area during the Asian session and fell for the second consecutive day on Wednesday. A positive mood in the equity markets is drawing investors away from the safe-haven metal. Additionally, some traders are adjusting positions ahead of the key US consumer inflation data, set to be released later today.
However, concerns about a broader Middle East conflict and expectations of a dovish Federal Reserve (Fed) should help limit further losses. Tuesday's data indicated that inflation is slowing, increasing the likelihood of deeper Fed rate cuts, which keeps the US Dollar (USD) near a one-week low and could provide some support to gold, making aggressive bearish moves risky.
⭐️ Personal comments NOVA:
Need to surpass ATH 2482, Gold price needs to create more liquidity, needs an adjustment period to continue increasing. CPI today, experts' expectations for Gold to decrease more
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2441 - $2439 SL $2434
TP1: $2455
TP2: $2470
TP3: $2485
🔥SELL GOLD zone: $2485 - $2487 SL $2490 scalping
TP1: $2480
TP2: $2470
TP3: $2460
🔥SELL GOLD zone: $2500 - $2502 SL $2507
TP1: $2490
TP2: $2480
TP3: $2470
⭐️ 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