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Sell Laurus Labs cmp 431 target 380 stop 455Technically this stock has bearish structure on a hourly chart indicating weakness and fall to come in coming days. Fundamentally the recent quarters were extremely bad and it can easily correct to 380 levels. Big people seems to be distributing stocks on a higher levels, whenever demand become weak, the stock can easily correct 5% plus in a single trading session. So strongly recommend to aggressively short this stock and wait for big fall.
NSE:LAURUSLABSShort
by PrashantDahale
Gold recovered slightly in the first session of the week⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) gains strength on Monday, supported by a weaker US Dollar and escalating geopolitical tensions in the Middle East. The long-term outlook remains positive due to increased demand from central banks. However, expectations of fewer rate cuts by the Federal Reserve and a hawkish stance from Fed officials may put some selling pressure on gold as higher interest rates make it less attractive as a store of value. ⭐️ Personal comments NOVA: Gold price recovered slightly in the first session of the week, still in a DOWN correction in the H1 and H4 frames ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2306 - $2304 SL $2298 TP1: $2315 TP2: $2322 TP3: $2330 🔥BUY GOLD zone: $2321 - $2319 SL $2316 scalping TP1: $2326 TP2: $2332 TP3: $2340 🔥SELL GOLD zone: $2354 - $2356 SL $2361 TP1: $2348 TP2: $2340 TP3: $2330 ⭐️ 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
Sideway, correction DOWN!! XAU✍️ NOVA hello everyone, Let's comment on gold price next week from 5/27 - 5/31/2024 🔥 World situation: Gold price stabilized on Friday after two consecutive days of losses, increasing by 0.23%. However, it experienced a weekly decline of more than 3%, marking the largest weekly loss since December 2023. The better-than-expected US Durable Goods Orders data had a reduced impact due to a downward revision in the previous month's reading, which encouraged buying of gold. The XAU/USD is currently trading at $2,332 after reaching a daily low of $2,325. Gold traders reacted before the weekend as US business activity improved, reducing the likelihood of a rate cut by the Federal Reserve (Fed). As of now, fed funds rate futures estimate only a 25 basis point interest rate cut in 2024. 🔥 Identify: Gold price is in a DOWN correction, but sales volume is decreasing. Economics and politics are in a period of hesitation, Gold prices will mainly sideways in the range from $2300 - $2350 next week. 🔥 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: $2363, $2395, $2442 Support : $2306, $2280 🔥 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
BTC - Short Trade DetailsI suspect a massive short on bitcoin to take place. This is because DXY is showing a bearish breakdown on the monthly - with only a small upwards movement left before anticipated rejection from this bearish retest. This means an extended bull market - and this weekend period utilized to wipe long positions prior to this occurring. There are two major short entry points I can decipher on the chart. The first is 69,250 - which seems to be keeping price below at the moment. The second possibility is an initial move up to 69,900 to 71,000 and rejection from this location. My short targets in white are quite drastic. However again, DXY is showing signs of supporting a very lengthy bull market spanning the next 1-2 years. This to me serves as a justification for these extreme lows to be hit, otherwise I would not be suggesting something so drastic. This HTF bearish trend line supports targets as low as 8,000 - and it’s entirely possible that we don’t see a low that severe, however it is supported by a chart trend line and as such I will be taking it seriously until proven invalid. Happy trading.
Short
by DickDandy
2
Bitcoin - scalp ideaOur short-term take on Bitcoin focuses on the approach to the 4H supply zone and the high volume node area. We have set our stop loss just above the supply zone to manage risk effectively. The target is set at $67,350. As we approach this critical level, we need to observe how Bitcoin reacts to the lows. There is some uncertainty in the market at the moment, so it is essential to be cautious with trades. Stay alert and monitor the price action closely. Let’s see how this plays out. 🤝
Short
by stromm
PMI continues to pressure Gold downward !!⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) continues to decline due to the Federal Open Market Committee (FOMC) minutes being interpreted as more hawkish. This has limited the upside potential for gold. The cautious approach of the US Federal Reserve to maintain its restrictive policy for longer has boosted the strength of the US dollar, putting downward pressure on gold. Traders will monitor the preliminary reading of the US Manufacturing and Services Purchasing Managers Index (PMI) for May, as a weaker reading could spark hopes of rate cuts by the Fed and support gold prices. Geopolitical tensions, uncertainties, and inflation concerns may also provide some support for gold in the short term. Other factors to watch include the Chicago Fed National Activity Index, weekly Initial Jobless Claims, New Home Sales, and comments from Fed's Bostic. ⭐️ Personal comments NOVA: Gold fell after yesterday's FOMC meeting - quite tough statements on inflation. When the Gold price reaches a new ATH peak, it is obvious that a downward adjustment will create more liquidity for the market, the price will continue to be under selling pressure today and tomorrow. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2347 - $2345 SL $2340 TP1: $2352 TP2: $2360 TP3: $2370 🔥SELL GOLD zone: $2403 - $2405 SL $2410 TP1: $2395 TP2: $2380 TP3: $2370 ⭐️ 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
8
Gold price falls - sideway adjustment⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) trades lower on Wednesday after pulling back from a recent high. The Federal Reserve (Fed) has expressed the need for stronger evidence of easing inflation before considering interest rate cuts, implying that rates will likely remain higher for an extended period. This could potentially strengthen the US dollar and weigh down gold prices, although factors like US-China trade tensions, geopolitical tensions in the Middle East, and demand from central banks and Asian buyers may limit the metal's downside. Today, gold traders will focus on the release of FOMC Minutes and a speech by Fed's Goolsbee. ⭐️ Personal comments NOVA: Gold price adjusted down within the H1 trend line, sideway accumulation ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2407 - $2409 SL $2404 scalping TP1: $2413 TP2: $2418 TP3: $2425 🔥BUY GOLD zone: $2399 - $2397 SL $2392 TP1: $2405 TP2: $2415 TP3: $2430 🔥SELL GOLD zone: $2440 - $2442 SL $2447 TP1: $2430 TP2: $2425 TP3: $2417 ⭐️ 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
Gold price adjusted - slightly decreased⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) loses recovery momentum due to lack of fresh catalysts in a quiet session. However, renewed demand is supported by bets on interest rate cuts from the US Federal Reserve, geopolitical tensions, and strong demand from central banks and Asian buyers. Traders will focus on Fedspeak and the upcoming FOMC Minutes. Hawkish stance from Fed officials may lift the Greenback and lower USD-denominated Gold. ⭐️ Personal comments NOVA: Gold price in the short-term adjustment price line - creating liquidity for the market. Pay attention to the short support zones $2400, $2390 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2392 - $2390 SL $2385 TP1: $2400 TP2: $2410 TP3: $2420 🔥SELL GOLD zone: $2454 - $2456 SL $2461 TP1: $2448 TP2: $2440 TP3: $2430 ⭐️ 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
3
Oatly Whats likely, More Price Decline or Bottom reached?Hi Guys. This is a Technical Analysis Update on Oatly, (OTLY). On the 1 Week Timeframe. We are in a critical area for OTLY. We have continued our DECLINE from the REJECTION area With last weeks candle close, We have CLOSED BELOW the "MAJOR SUPPORT" Area. This candle close isn't enough information to assess what comes next. The next week or the next couple weeks we need CONFIRMATION. So its important to observe what happens next. So couple of scenarios can occur: 1. We confirm back ABOVE the MAJOR SUPPORT line. Leading to the formation of a DOUBLE BOTTOM pattern. This would confirm our bottom for OTLY, and we start to move back up to Resistance levels. 2. We CONFIRM our break BELOW the MAJOR SUPPORT. Leading to not only ALL TIME LOWS, but the potential for the DESCENDING Triangle to play out. If thats the case, we can go as LOW as $0.40 cents. But without data points, its hard to assess if we do go down that far or stop before. Notice also the "Bullish Divergence Trendline" on Price action. This line coincides with our "Measured Target". Could be an area where we bounce from and be a potential Bottom area. 3. Ideal scenario would be we come down a bit lower from the Major SUPPORT Line and start our way back up ABOVE "Major Support". This would form a "Head" and play into a potential bottoming pattern, the Inverse Head & Shoulders pattern. The First green circle indicating our 1st bottom of potential double bottom, would be our left shoulder. Watch also the RSI. We are nearing a Support test on the "Bullish DIVERGENCE" trendline. We want this to stay as support. We don't want a break and confirmation BELOW the RED dashed line. It could negate our Bullish Divergence Trend. The STOCH RSI is also something to watch. We have traveled BELOW the 20 level. Extended stay below here, would indicate further Price DECLINES. We would like to see a BUllish cross back ABOVE 20 level for Bullish Momentum to come in and push prices back up. If we do get a cross, then Double bottom is likely. We need to stay level headed as OTLY bottoms out. Take it one step at a time with an objective mindset. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on OTLY in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NASDAQ:OTLYShort
by SafofAllTrades
7