Shortsell
XAU/USD ! 11/8 ! downtrend line / scalping XAU / USD trend forecast November 8, 2024! SCALPING
Gold price (XAU/USD) stays below $2,700 as the European session approaches on Friday, weighed down by a slightly stronger US Dollar (USD) amid optimism that Trump’s policies may boost economic growth and inflation. Additionally, a generally positive risk sentiment is reducing demand for the safe-haven metal, pausing its recent recovery from the 50-day Simple Moving Average (SMA) support, after hitting a three-week low on Thursday.
Still following the downtrend - waiting for trendline and retest 2689, scalping down today
/// SELL XAU : zone 2689-2692 scalping
SL: 2695
TP: 40 - 80 - 150 pips (2677)
Safe and profitable trading
BTC: Shorting is risky but a good showdown to watch.Bitcoin is in Bullish Season once again. I would love to see the Retracement in action after the pump since yesterday.
$IONQ : 5 REASONS TO BE CAUTIOS! BUYERS BEWARE! NYSE:IONQ 5 REASONS TO BE CAUTIOS! BUYERS BEWARE!
5 REASONS WHY:
1⃣ We have a flag pole pattern. The last flag pole pattern in 2023 had the same 937 bar run before it pulled back.
2⃣ Had a Multi-year Symmetrical breakout but needed to retest the breakout area.
3⃣ RSI is running into resistance
4⃣ Stochastic (Trend) is at all-time highs
5⃣ William R is hitting resistance where the stock has bounced off 4 other times.
I like the name and want to HOP on this move higher, but I'm not going to jump on a flag pole without a parachute. I'm targeting PULLBACK and an entry price of $13-$14.
Stay tuned for more!🔔
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Will the Flag Pole get bigger, or do you agree we are due for a pullback?
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Not financial advice.
Etsy's Bearish Momentum Signals Further Downside RiskNASDAQ:ETSY shares tumbled 5% to $47.11 following a downgrade from Goldman Sachs to "Sell" with a price target cut to $45 from $70. The technical outlook is weak across both daily and 4-hour timeframes, signaling further downside risk.
Daily Technical Overview:
Oscillators: Indicators like the Stochastic %K (6.31) and Momentum (−5.92) suggest a brief potential for a small rebound, but most oscillators, including the RSI (35.75), remain in neutral territory.
Moving Averages: Both the exponential and simple moving averages across all timeframes (10-day to 200-day) signal "Sell," confirming bearish momentum.
MACD: The MACD level (-1.32) is in the "Sell" zone, indicating weakening momentum.
4-Hour Technical Overview:
Oscillators: While some short-term oscillators like the Commodity Channel Index (−121.12) and Momentum (−1.58) suggest minor buying pressure, the overall trend is still neutral to bearish.
Moving Averages: All key moving averages on the 4-hour chart indicate "Sell," confirming sustained downward pressure in the short term.
Outlook: With both daily and short-term technicals pointing to continued weakness and Goldman Sachs lowering its price target, the risk of further decline is high. The stock is trading below critical support levels, with little to suggest a reversal is imminent.
Disclaimer: This content is for informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions. Trading in financial markets involves risk, and past performance is not indicative of future results.
AUDJPY - WAITING FOR SHORT ONCE SUPPORT AND HL HITSthis is based on my analysis but please DYOR.
AUDJPY if created another HIGHER LOW then the market will hit the mark till 103.200
Gradual Gold meltXAUUSD analysis:
Gold has broken the descending trend-line that was connecting the bodies of the candles on the 4H this was (also acting as a resistance) line holding price.
Another descending trend line has been issued this time wick to wick to see if we have a fighting chance on the 4H but if this one will not hold we might see price approach the next major resistance area @ 2401.93.
Gold price in SIDEWAY price range! $2300⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price holds steady around $2,300 in the mid-North American session on Thursday. Factors contributing to this include positive market sentiment, declining US Treasury yields, and a weaker US Dollar. Traders are still processing comments made by Federal Reserve Chairman Jerome Powell on Wednesday, as well as the central bank's decision to keep rates unchanged. Additionally, recent data reveals a slight decrease in the US trade deficit and a tight labor market.
The XAU/USD is currently trading at $2,305, reflecting a 0.60% decrease. Expectations of a more hawkish stance from the Fed were not met, as they maintained a neutral position. The central bank also announced a reduction in the pace of its Quantitative Tightening (QT) program.
⭐️ Personal comments NOVA:
Gold price in the SIDEWAY price range, the range ranges from $2260 - $2330, is still trending DOWN more.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2268- $2266 SL $2260
TP1: $2275
TP2: $2290
TP3: $2300
🔥SELL GOLD zone: $2334 - $2336 SL $2340
TP1: $2325
TP2: $2310
TP3: $2290
⭐️ 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 GETRA short at 0.2889 to 0.2595 with the necessary risk management will bring a 10.17%+ return
ELF Bearish possible movementAs previously mentioned, the overall market sentiment is currently bearish, indicating a higher likelihood of downward movement in stocks.
Considering this backdrop, it's notable that this particular business has reported decreasing earnings in line with its recent quarterly reports.
From a technical standpoint, the price has experienced a pullback following a bearish leg to the 25MA, reacting from it. However, it's crucial to note that the accompanying volume is diminishing. Unless there is a notable increase in downside volume, this pullback might be deceptive. Nevertheless, it's likely only a matter of time before volume picks up, potentially signaling an opportunity for a short sell.
