FOMC ! Is this a sharp decline or correction?⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) dropped nearly 1.5% on Tuesday, reaching a three-week low but found support near the $2,600 level. The stronger US Dollar, driven by reduced expectations of a large Federal Reserve (Fed) rate cut, pressured the non-yielding gold. Additionally, news of a potential ceasefire between Hezbollah and Israel further weighed on the safe-haven metal, pushing it below $2,630.
However, the decline paused as traders await the release of the September FOMC meeting minutes on Wednesday, along with US inflation data (CPI and PPI) later this week, which will influence the Fed’s rate outlook. In the meantime, the subdued USD could help limit further losses for gold
⭐️Personal comments NOVA:
Gold price BREAK through the zone 2625 - 2671 - following a downtrend after news that the Chinese government has unfavorable policies for gold. Adjusted cadence is necessary
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2595 - $2597 SL $2590
TP1: $2602
TP2: $2610
TP3: $2620
🔥BUY GOLD zone: $2606 - $2604 SL $2601
TP1: $2610
TP2: $2615
TP3: $2620
🔥SELL GOLD zone: $2643 - $2645 SL $2650
TP1: $2635
TP2: $2620
TP3: $2610
⭐️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
Shortsetup
Forming a sales position in SUIAs the daily channel listed on the channel, this queen, which has a powerful ascending rally, needs to be modified to continue the course of movement, so as in one hour and 5 minutes change The trend has taken place in this queen and with a liquidity that has not been formed for 5 minutes, it can regain the price and throw it to lower levels.
Sideways ! The explosion is about to take place in October! XAU⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) stays under pressure during Tuesday’s Asian session, hovering just above the lower end of a short-term range. Investors are lowering expectations for a large interest rate cut by the Federal Reserve (Fed) in November, as the US labor market shows signs of strength, which weighs on gold.
Meanwhile, the US Dollar (USD) has retreated from its seven-week high hit on Friday, as traders await Wednesday’s FOMC meeting minutes. Additionally, key US inflation data, including the Consumer Price Index (CPI) on Thursday and the Producer Price Index (PPI) on Friday, will shape the outlook for Fed rate cuts and impact both the USD and gold.
⭐️Personal comments NOVA:
Frame H1 moves in the downtrend line, mainly sideways. Nova is inclined to reduce sideways to the 2624-2627 area to create liquidity and continue to increase. The long-term trend is still up
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2624 - $2626 SL $2618
TP1: $2635
TP2: $2650
TP3: $2672
🔥SELL GOLD zone: $2661 - $2663 SL $2666 scalping
TP1: $2655
TP2: $2648
TP3: $2640
🔥SELL GOLD zone: $2684 - $2686 SL $2691
TP1: $2678
TP2: $2670
TP3: $2660
⭐️ 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 senario for BtCSince last day's bitcoin candle closed with a high downward volume and we are in a downward range in a higher time frame, so if the price reaches the range of 63600, I am waiting for confirmation to sell, and if the price goes below 62000, I am waiting for confirmation to sell.
In the same area, it was formed in the Asian session, if the price reaches above 62600, you can wait for the formation of a setup in the time frame of 5 minutes or 3 minutes for buying.
Sideway - little volatility on the first Monday of the week⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) continues its decline for the fourth straight day, trading near $2,650 during early Monday’s Asian session. The stronger US Dollar, following Friday's upbeat Nonfarm Payrolls (NFP) data, is putting downward pressure on gold.
The US added 254,000 jobs in September, exceeding August’s revised 159,000 and the market expectation of 140,000. The Unemployment Rate fell to 4.1% from 4.2%. These positive US data reduce hopes of deeper interest rate cuts by the Federal Reserve, boosting the USD and weighing on gold, which is priced in dollars.
⭐️Personal comments NOVA:
There is not too much information and important economic news, sideway gold price on Monday at the beginning of the week: 2625 - 2660
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2628 - $2630 SL $2623
TP1: $2638
TP2: $2644
TP3: $2650
🔥SELL GOLD zone: $2670 - $2672 SL $2677
TP1: $2660
TP2: $2650
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
The possibility of forming a sell position in WIFAccording to the mark-ups that have been done since the above time, which you can see the link of those analyzes in the channel, we had a reaction to the daily POI in the 15-minute time frame and we are witnessing a change in structure, so we expect rejection in the New York session in the upward movement of the marked POI. Let's be and come to the lower regions.
The possibility of forming a selling position for SolanaAs shown in the 4-hour chart, after a sharp downward movement near the main daily support, the price has created an upward movement, which in fact created liquidity to take further liquidity.
Currently, due to reaching the range of the daily key level and the 4-hour breaker block that I have specified, as well as the weakness of the trend that can be seen in reaching the resistance, I expect a rejection and a selling position from this area.
ALGORAND (ALGO) Looks like it could drop another 15% - 16% here.The crypto markets as a whole have taken quite a beating in the past week but appear to be getting close to forming a bottom. ALGO is showing signs that a rejection off the FVG (Fair Value Gap) currently presenting above the current price on the daily chart could signal a further 15% to 16% drop in the coming weeks.
Good luck, and always use a stop-loss!
TATN 5M Daytrade Short Aggressive Trend TradeAggressive Trend Trade
- long impulse
+ biggest volume T1
+ biggest volume 2Sp-
+ weakness
- didn't wait for test to complete
+ target before 1/2 of hourly wave
Calculated affordable stop loss
1 to 2 R/R take profit
1H Trend
"+ exhaustion volume
+ short impulse
+ 1/2 correction
+ SOW / T2 volumed level
+ volumed manipulation"
1D CounterTrend
"- long impulse
- T1 level
+ resistance level
+ biggest volume manipulation"
1M Trend
"+ short impulse
+ SOW level
+ 1/2 correction
+ resistance level"
Convertible to Swing / Investment trade if 1H and 1D close right.
Watch out for the gap since it's a stop market!
Bitcoin scenarios updateDue to the supply of Bitcoin liquidity in the support area of the previous day and the downward range within which it is located, we are still in the bearish market structure in the 4-hour and 1-hour time frames, and it is possible to enter a sell position with confirmation in the specified areas, and this confirmation can be taken in the time frame of 5 minutes with the formation of QM, but direct entry in this area is risky because we are being rejected from the 4-hour level.
GBPJPY Down? - (Update)GBPJPY . Potential short opportunity.
This is an update on the previous analysis we have posted.
We have been waiting on the break of our 192.000 level since our yesterday’s analysis.
We believe that GBPJPY will continue to the downside after coming down to our PBA 2 (Pull Back Area) and breaking it (192.000). Our entry is sitting at the break at 192.000 . Breaking our PBA 1 at 190.000 would be confirming our sells and possible lower lows. Our SL (Stop Loss) is sitting slightly above PBA 2 at 193.590 . Our TP (Take Profit) is at 188.055 .
PARAMETERS
- Entry: 192.000
- SL: 193.590
- TP: 188.055
KEY NOTES
- GBPJPY has broken below our PBA 2.
- Break below 190.000 would confirm our sells
- Break above our SL would result in higher highs and invalidate the trade idea.
Happy trading!
FxPocket
Bearish setup For BTCSince we are being rejected in the higher time frames, we expect the price to reach the same level in the daily level, and also in the lower time frames we see downward structures, the last downward range in the time frame is 15 minutes above Asian liquidity and the last return candle. which led to a fall in the area of 61800, which can push the price down again
Of course, it can be the same ceiling of indus cement for order block time to be higher and from higher areas
Huge border jam XAU 2625 - 2671! wait for ADP-NF⭐️Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) dipped during early European trading on Wednesday, giving back part of the previous day's 1% surge, which was driven by escalating tensions in the Middle East. Concerns of a wider conflict rose after Iran fired ballistic missiles at Israel, increasing demand for the safe-haven asset. However, reduced expectations for aggressive rate cuts by the Federal Reserve (Fed) limited further gains for gold.
At the same time, the US Dollar held onto its recent recovery, supported by a resilient labor market, which also weighed on gold. Despite this, XAU/USD remains close to last week's record high, with the overall outlook still favoring bulls. Traders now await the US ADP employment report for direction, ahead of Friday's key Nonfarm Payrolls data.
⭐️ Personal comments NOVA:
Gold prices rose sharply after yesterday's war news - but fell sharply afterwards - moving within a large range awaiting this week's ADP-NF and NF data
⭐️ SET UP GOLD PRICE:
🔥 BUY GOLD zone: $2635 - $2637 SL $2630
TP1: $2645
TP2: $2660
TP3: $2672
🔥 BUY GOLD zone: $2620 - $2622 SL $2615
TP1: $2635
TP2: $2645
TP3: $2660
🔥 SELL GOLD zone: $2681 - $2683 SL $2688
TP1: $2670
TP2: $2660
TP3: $2650
⭐️ 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
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
XAU correction - market balance ! DOWN ✍️ NOVA hello everyone, Let's comment on gold price next week from 9/30 - 10/04/2024
🔥 World situation:
Gold dropped to a three-day low below $2,650 after the US Bureau of Economic Analysis (BEA) reported that September inflation is moving closer to the Federal Reserve's (Fed) target. Despite expectations for more Fed rate cuts, gold struggled as traders likely took profits. Currently, XAU/USD is trading at $2,657, down nearly 0.50%.
Earlier, the BEA announced that the Fed's preferred inflation measure, the Personal Consumption Expenditures (PCE) Price Index, showed progress toward the 2% goal in August. Core PCE also rose slightly compared to July’s data.
🔥 Identify:
Gold price completed 5 elliott waves, H4 frame uptrend. Waiting for gold correction chip to decrease in the near future
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $2685, $2702
Support : $2643, $2628, 2571
🔥 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 | USD! sideway downtrend 10/1/24XAU / USD trend forecast October 1, 2024
Gold price (XAU/USD) holds modest gains in early European trading on Tuesday but remains below last week's record high. Fed Chair Jerome Powell's hawkish remarks on Monday led investors to reduce expectations of aggressive rate cuts. This supported the US Dollar, which continues to recover from its lowest level since July 2023, creating a headwind for gold.
Based on M30, price adjustment h1 frame, XAU down
/// BUY XAU : zone 2624-2626
SL: 2618
TP: 50 - 100 - 150 pips (2639)
Safe and profitable trading