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SIDEWAY !! Gold price stuck below $2350⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) started the week subdued, fluctuating below a multi-day peak around $2,340 following the US PCE Price Index release. The key inflation data reinforced market predictions of potential Federal Reserve interest rate cuts in September and December, pushing the US Dollar further from its recent two-month high and bolstering gold as a result. ⭐️ Personal comments NOVA: Gold price in early July is still maintaining in the range of $2310 - $2350, sideways, waiting for very important news this week. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2312 - $2314 SL $2307 TP1: $2320 TP2: $2330 TP3: $2340 🔥SELL GOLD zone: $2345 - $2347 SL $2352 TP1: $2338 TP2: $2330 TP3: $2320 ⭐️ 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
1
XAUUSD 30-Minute Chart - Short Position Expected between 2354-2Hello Folks, Wish you all the best for the week forward. Last week the market mostly traded within a range. Despite this, our analysis helped us gain 400 pips from the market. Looking ahead to this week, due to the challenging conditions last week, conducting analysis may be difficult. However, I anticipate another price increase to around 2354-2357 before dropping to 2316. Please refer to the chart for more information, and feel free to share your thoughts and ideas. After several years of experience in the market, GOLD has become my expertise symbol. Short From 2354-2357 TP: 2316 More contribution and comment will encourage for more analysis.
OANDA:XAUUSDShort
by tanhaed
PCE keeps gold stable above $2300⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) struggles to grow from a recent bounce, meeting new supply in Friday's Asian session. A resurgent US Dollar (USD) reaching a two-month high is hindering the commodity's progress. However, potential Federal Reserve interest rate cuts and geopolitical uncertainties in the Middle East and Russia-Ukraine provide support for the safe-haven XAU/USD. ⭐️ Personal comments NOVA: Gold price is still accumulating at the end of June 2024, sideway around $2300 - $2340 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2304 - $2302 SL $2297 TP1: $2310 TP2: $2320 TP3: $2330 🔥SELL GOLD zone: $2340 - $2342 SL $2347 TP1: $2330 TP2: $2320 TP3: $2310 ⭐️ 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
6
BTC USDT: WE NEED TO FLIP CERTAIN LEVELS TO SAY TO THE MOON!Based on my analysis, I believe DCA (Dollar Cost Averaging) into large-cap alts at current levels may be more prudent than waiting to DCA out at higher prices like 64K. My current investment strategy prioritizes Large Cap > Mid > Low > Meme > USDT > BTC. Several technical indicators support this view: 1 Bullish RSI divergence between oscillator and price 2 Quick RSI reset without prolonged low levels 3 Moving Average crossover on the RSI 4 20-day MA crossing down to meet the 150-day MA, with price showing strength (I'm keeping this analysis relatively basic, avoiding more complex concepts like Smart Money Concepts (SMC) and Inner Circle Trading (ICT) for broader accessibility.) These factors suggest we may be approaching a market bottom. I made a similar analysis when BTC was around 18K, which proved accurate. However, I'm always open to new perspectives and would be interested in hearing why you might view the current situation differently. Personally, I'm maintaining my positions in large-caps and BTC from here. My confidence stems from thorough research into the assets I've chosen. I'm curious about your investment thesis - what factors drive your confidence in your holdings? It's worth noting the potential impact of Bitcoin miners on the market. Historically, respecting their influence has often preceded BTC price increases. Short-term, I anticipate a possible retracement to around 54K as a 'max pain' point, particularly for less experienced traders. I'm so confident in this projection that I'm willing to offer a free month of my subscription service if it doesn't materialize. The large-caps I'm particularly focused on include BTC, ETH, BNB, SOL, ARB, and AVAX. I'm also keeping an eye on AI and DePIN projects. For Real World Assets (RWA), I'm currently most interested in ONDO, CFG, and PENDLE. I'd be keen to hear your thoughts on this analysis. Do you see similar patterns in the market? Are there other indicators or factors you believe are crucial to consider in the current environment?
Short
by osodatsismoso
1
XAU-USDThe chart for Gold/US Dollar (XAU/USD) on a 4-hour timeframe from EightCap shows a bearish trend. The price is currently at approximately 2311.85 USD and has broken below an upward trendline, indicating potential further downside. A significant resistance level is identified around 2326.63 USD, where the price faced selling pressure before the recent drop. The chart projects a possible downward movement, represented by a yellow arrow, suggesting the price might attempt a brief recovery towards the resistance level but is expected to continue declining. The target for this downward movement is around 2300.20 USD, with potential further decline to 2286.78 USD. These levels represent significant support areas where buyers might step in. The highlighted area in green indicates the expected pullback zone before the continuation of the bearish trend. In summary, the chart indicates a bearish outlook for XAU/USD, with the price breaking below the trendline and facing resistance at 2326.63 USD. The key support levels to watch are 2300.20 USD and 2286.78 USD. Traders should monitor the price action around these levels to confirm the continuation of the bearish trend and potential further decline
EIGHTCAP:XAUUSDShort
by Dhareja
Accumulation price zone - XAU continues to trade below 2350⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) trades lower despite weaker USD. Stronger US PMI delayed interest rate cut, limiting gold's upside. However, safe-haven flows from geopolitical tensions in the Middle East and Ukraine may boost gold in the near term. Investors will closely watch the speeches of Fed members Lisa Cook and Michelle Bowman on Tuesday. Key economic data to pay attention to this week includes the final Q1 US GDP reading on Thursday and the May PCE Price Index on Friday. If there are signs of declining inflation, it could lead to expectations of Fed rate cuts in 2024, potentially weakening the US dollar and benefiting USD-denominated Gold. ⭐️ Personal comments NOVA: Gold price continues to maintain the price range below 2350 - 2300 today, a cumulative sideway price range. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2302 - $2300 SL $2295 TP1: $2310 TP2: $2320 TP3: $2330 🔥SELL GOLD zone: $2341 - $2343 SL $2348 TP1: $2335 TP2: $2328 TP3: $2320 ⭐️ 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
4
EUR/JPY SELLThe short-term outlook for the EUR/JPY currency pair is positive, although the overbought technical condition may indicate a correction. Fundamental factors such as ECB and BOJ policy and economic data continue to have a significant impact on the exchange rate. It is worth keeping an eye on the upcoming ECB and BOJ decisions, as well as global economic news that may affect the exchange rate. The support level shown in the picture is the ATH level. I'm waiting for a boost now.
Short
by xMoranTomx
2
BTC UPDATE HEADING TO 59.6k minimum?!bitcoin is in a downtrend and the daily chart shows some interesting developments. we have 2 fair value gaps one at 64.5k - 63.1k which lines up with my wave 3 target which is the 1.618 level of wave 1 measured from top of wave 2. We have another fair value gap at 62.5 that extends down to 59.6k which is significant and will probably be filled. this would be my wave 5 target. If the bulls cannot hold the 59.6 level we will drop to 54.5 fast as there is another fair value gap there. good luck to the perma bulls honestly i dont think we are going to be seeing a new ath before we see 56.8-52.1k Let me know what you think, i finally became a profitable trader and so i feel confident enough to share my analysis as I am new to posting. i would love to hear what you think.
COINBASE:BTCUSDShort
by member_berry
1
BTC in a Daily Range - Breakdown Likely?Bitcoin has been stuck in a range for the past 3 months. On the daily chart, it's hovering at the top. The Visible Range Volume Profile ( VRVP ) indicates a zone of high volume at $63k, suggesting this could be the next significant support level. Analysis : - Range : BTC has been trading within a range defined by $63k and $72k for 3 months. - Top of Range : The current price is near the upper end of the range, hinting at potential resistance. - VRVP : The VRVP highlights a high-volume zone at $63k, suggesting this level could act as support. - Breakdown : If the price breaks below the range, $63k would be the first major support level to watch.
BITSTAMP:BTCUSDShort
by alorse
4
BTC can tap 7,000 to 10,000 and this is WHYDXY is completing a major bearish retest currently - on the minute time frames. This breakdown is a multi-month trendline, and what the DXY / Bitcoin correlation would indicate, is that we can expect an extended bull run of 1-2 years. This rise in bitcoin has been a straight shot up on the high time frames. What this tells me is that this move is a bearish retest. Identifying this trendline on BTC chart - price is underneath the breakdown line at 63,850. There are many large open order gaps on the BTC chart below the current price. These open gaps are filled with long position stop losses. These are leveraged sell orders. It is possible that Bitcoin will drop to hit 8,000 in a very short amount of time. 1. We are underneath the breakdown line 2. There are enough stop loss orders (leveraged sells) to create an automatic chain reaction of a drop to that low level. The lack of retracement on BTC over the last 1.5 years shows intention to leave these order blocks intact so that speed of this move is generated. 3. DXY indicates a justification for this move to occur as reason to drop a bearish pattern over a long term period isn’t showing. I encourage you to stay open minded to this possibility. I logically can see this happening very quickly.
Short
by DickDandy