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Gold price has a slight recovery !!! XAU ⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is struggling to take advantage of yesterday's positive movement and is trading with a slight negative bias as we head into the European session on Wednesday. The stronger economic data from the United States, coupled with the recent hawkish comments from several members of the Federal Open Market Committee (FOMC), including Federal Reserve Chair Jerome Powell, have caused investors to lower their expectations for early and significant interest rate cuts in 2024. This has helped the US Dollar (USD) halt its overnight decline from its highest level in nearly three months, which in turn poses a challenge for the non-yielding yellow metal. However, there remains a risk of further escalation of military actions in the Middle East, as well as ongoing concerns about slowing economic growth in China, which provides some support for the safe-haven appeal of gold. Moreover, traders appear to be hesitant to make aggressive bets on the direction of the market and instead prefer to wait for more signals regarding the likely timing of the first interest rate cut by the Fed, as this will have an impact on the precious metal. As a result, attention will be focused on the release of the latest US consumer inflation figures next week. In the meantime, traders on Wednesday may take guidance from speeches given by Fed officials. ⭐️ Personal comments NOVA: Gold price suddenly increased again above the $2030 area. However, there is not much motivation to increase the price so the price will soon adjust DOWN ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2010 - $2012 SL $2005 TP1: $2018 TP2: $2024 TP3: $2032 🔥SELL GOLD zone: $2043 - $2045 SL $2051 TP1: $2035 TP2: $2028 TP3: $2018 ⭐️ 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
9
Gold price adjusted DOWN !! XAU⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: During the Asian trading session on Tuesday, the price of gold (XAU/USD) is observed to be fluctuating within a narrow range. It is consolidating after experiencing losses and reaching a one-week low around the $2,015 mark on the previous day. While there is a slight decrease in global risk sentiment, which provides some support to the safe-haven precious metal, the bullish US Dollar (USD) and expectations that the Federal Reserve (Fed) may not reduce interest rates as much as initially anticipated act as obstacles. The latest macroeconomic data from the United States continues to indicate a resilient economy, giving the Fed more room to maintain higher interest rates for a longer period. Furthermore, hawkish remarks made by several Fed officials, including Fed Chair Jerome Powell, have prompted investors to revise their expectations for a more aggressive policy easing in 2024. This shift in sentiment has contributed to the recent significant increase in US Treasury bond yields, which will likely bolster the US Dollar and limit any gains for the price of gold. ⭐️ Personal comments NOVA: Adjustment cycle DOWN, sideway after the news that the FED will not lower interest rates in March 2024 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2000 - $2002 SL $1995 TP1: $2010 TP2: $2020 TP3: $2030 🔥SELL GOLD zone: $2034 - $2036 SL $2042 TP1: $2025 TP2: $2016 TP3: $2010 ⭐️ 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
NWS likely to miss earnings expectation on Feb 7th.Media companies have been getting the pants kicked off them lately, and NWS - News Corporation is at the top of an all time high on the charts, which may provide an incredible opportunity to capture a very sharp decline in the price. Earnings will be released on Feb 7th (next week), and with price sitting at/near an all time high, if earnings are missed, it could present a very rare opportunity for short positions/short plays. Good luck, and always use a stop.
NASDAQ:NWSShort
by MetaShackle
Gold price and PMI news today !! XAU ⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) continues to experience selling pressure for the second consecutive day on Monday. It appears susceptible to extending the retracement slide from the $2,065 region, which marked a one-month peak. The strong US jobs report released on Friday confirmed market expectations of the Federal Reserve (Fed) maintaining higher interest rates for a longer period. This has supported the rise in US Treasury bond yields and boosted the US Dollar (USD) to its highest level since December 11. Consequently, this development is considered a significant factor that undermines the value of gold. Furthermore, the overall bullish sentiment in global equity markets adds to the negative tone surrounding the price of gold. However, there is still a risk of further escalation of military action in the Middle East and ongoing concerns about a slowdown in China, which provide support for the safe-haven asset XAU/USD. As a result, bearish traders should exercise caution. Traders are now focusing on the release of the US ISM Services PMI, along with US bond yields, USD price movements, and overall market sentiment. These factors are expected to provide some momentum for gold. ⭐️ Personal comments NOVA: Gold price sideways in the 2030-2040 price range waiting for PMI news, the DOWN trend is supporting because the FED supports not reducing interest rates in March ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2021 - $2023 SL $2015 TP1: $2030 TP2: $2040 TP3: $2052 🔥SELL GOLD zone: $2051 - $2053 SL $2060 TP1: $2044 TP2: $2037 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
OANDA:XAUUSDShort
by Nova-Scalper
7
$XOM Short Swing EarningsNYSE:XOM just recently had earnings I'm looking at swinging puts tomorrow because the Jeanius Algo Suite (Indicator/Screener) gave me multiple sell confluences: Rose through 2 untested highs (~$104.91), grabbing liquidity Retested the level that price broke to create a Change of Character (CHOCH) Tested a downtrend line Broke and retested an uptrend line In a long term and short term structural downtrend The indicator automatically painted the lines/zones on the chart
NYSE:XOMShort
by jeanius_tech
NATCO PHARMA LTD - READY TO BREAKOUTEntry Possible above 950 level SL - 720 Short term Target - 1190 Long term Target - 1500 Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NATCOPHARMLong
by Jagadheesh_JP
Gold price in early February, sideway, stable accumulation ✍️ NOVA hello everyone, Let's comment on gold price next week from 5/2 - 9/2/2024 🔥 Identify: After the information that interest rates will continue to remain the same and not decrease in March. Selling pressure has increased, Gold prices have not been able to have strong growth and continue to sideway above the $2000 price range. Some important news worth noting this week are: Fed Chair Powell Speaks, PMI, Unemployment Claims,.. 🔥 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: $2050, $2060 Support : $2001 🔥 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
3
SMCI is pumped up to the stars on 100% pure speculation.SMCI - Super Micro Computer, Inc. has been on an absolutely incredible run for quite some time. However, the sheer amount of FOMO that has rushed into this stock has literally driven it to the moon on nothing but pure speculation. But that momentum is about to come to an abrupt end! Here soon, you're going to see the buying flip to selling as the shorts start to enter into massive short positions. As the price falls, stop after stop will be taken out in rapid succession, causing longs to panic and add to the selling... First, it will drip, then it will start to gush, then a spark will ignite, and within hours the whole shithouse will go up in flames! When this collapses, millionaires will be made in a matter of hours, and many longs will become bag-holders squared! Watch...
NASDAQ:SMCIShort
by MetaShackle
4