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Gold is still in an Uptrend - waiting for a DOWN rhythm⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold began the week on a positive note, rising in early trading. This increase was primarily driven by the escalating conflict between Iran and Israel over the weekend. Concerned investors sought refuge in gold, a traditional safe haven, as they prepared for the new week after Iran's drones attacked Israel on Saturday evening. The price of gold continues to be supported by market fears that Iran's unprecedented strike on Israel could lead to retaliatory actions. However, there is some comfort for the markets as the UK, France, and Egypt have condemned Iran's actions, and Saudi Arabia has called for restraint. This has helped to improve risk sentiment, creating a more favorable atmosphere in early Asian trading. ⭐️ Personal comments NOVA: Still within the two upward trend lines - buying volume is decreasing. Wait for a downward adjustment ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2329 - $2327 SL $2322 scalping TP1: $2335 TP2: $2340 TP3: $2350 🔥BUY GOLD zone: $2305 - $2303 SL $2297 TP1: $2312 TP2: $2325 TP3: $2335 🔥SELL GOLD zone: $2381 - $2383 SL $2388 TP1: $2370 TP2: $2360 TP3: $2350 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
7
what is the next move ? 🐺🤔Hello my friend . I hope you fine ; if you readed my previous idea about BTC and also BTC.D probably you are one the people who actually survived form previous dump and now enjoy the profits ; if you missed them you can check them below : BTC.D : BTC : So let's talk about the current BTC situation ; if you look at the daily chart you could defiantly see an obvious support level around the 60500$ area which is very important for BTC , if we lose this support the next support level is around the 50400$ and the ultimate support is somewhere around the 46000$ . but for the bullish scenario we have to wait for the breakout from the downward slopping trend line which represents by the blue line , and in my opinion if BTC break above it we will see a massive run up to the 100K and even more so make sure to prepare your self for the both scenarios . Have nice trades... 🐺
Short
by Kiu_Coin
1
GBP/USD Short Setup - 13/04/2024Market Analysis: GBPUSD has been trading in a downward trend over the past few weeks. Recent economic data releases have shown signs of weakness in the UK economy, including lower-than-expected GDP growth and concerns over inflationary pressures. Additionally, uncertainty surrounding Brexit negotiations and political developments continues to weigh on the pound's strength against the US dollar. Risk Management: Consider position sizing to ensure that the potential loss on the trade does not exceed your risk tolerance. Monitor economic events and news developments that could impact the GBPUSD pair, and be prepared to adjust the trade accordingly. A short position on GBPUSD appears to offer a favourable risk/reward opportunity for next week. However, remain vigilant and adapt to any changes in market conditions or unexpected news events. Please like and comment if you agree with this analysis.
Short
by Ryan-L
3
PPI - will Gold prices continue to adjust downward?⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) fell on Wednesday due to strong US consumer inflation figures, which reduced expectations of a rate cut by the Federal Reserve. However, it recovered during the Asian session on Thursday amid a weaker tone in equity markets. The prolonged higher interest rates by the Fed and concerns over the Middle East crisis are causing investors to turn to Gold as a safe-haven asset. Additionally, profit-taking in the US Dollar and lower US Treasury bond yields are also supporting Gold. Traders are now focusing on the US PPI data and Fedspeak for potential trading opportunities. ⭐️ Personal comments NOVA: After yesterday's CPI data, suddenly all is well for the dollar. Today, another index assessing the level of US inflation PPI is predicted to continue to be positive for the dollar. Gold is under downward pressure ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2305 - $2303 SL $2297 TP1: $2312 TP2: $2320 TP3: $2330 🔥SELL GOLD zone: $2353 - $2355 SL $2360 Asian and European trading sessions TP1: $2345 TP2: $2338 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
5
USD/ CAD !! DOWN correction wave ! 11/4/24 ⭐️ Smart investment, Strong finance ⭐️ USD/CAD INFORMATION: The USD/CAD pair consolidates gains above 1.3650 in Asian trading hours, supported by stronger-than-expected US inflation. The Greenback reached a yearly high of 105.30. Investors are watching for cues from the US Producer Price Index (PPI) later today, with estimates of a 2.2% YoY increase in the headline PPI and a 2.3% YoY increase in the Core PPI. The Bank of Canada (BoC) kept its key interest rate at 5% for the sixth consecutive time since July. BoC Governor Tiff Macklem stated that while recent inflation progress is encouraging, he needs more evidence before considering rate cuts. He also mentioned the possibility of an interest rate cut in June. ⭐️ Personal comments NOVA: After a strong increase in price, the price needs an adjustment - a down wave to create liquidity and wait for the next motivational news. ⭐️ SET UP PRICE: 🔥SELL USD/ CAD zone: 1.36800 - 1.36950 SL 1.37400 TP1: 1.36500 TP2: 1.36100 TP3: 1.35800 ⭐️ 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
by Nova-Scalper
3
New Entry Here In EUR/NZD Don’t Miss ItThe price is moving in decent nice waves . The last wave was a great success after the price broke the stubborn support we entered a sell trade together u can check that in related ideas. Now the price is creating a new wave and i think the retracement is over. Using my Fib tool, i figured out that the prices hit 71% fib level and for me it is the right time to enter a sell trade. The trade is available now with its all details. Enjoy and make great profits.
Short
by Forex_Wealth_Factory
Oracle: Is a Crash Inevitable? Oracle is another stock we're adding to our analysis. Firstly we're particularly looking at the monthly chart to grasp the big picture. We believe that since the start of the entire cycle around the $3 mark at the turn of the millennium, there has been a rise to a maximum level of $127.5, marking the end of our Wave I or the 5-wave cycle. Now, we anticipate being in Wave II, which should retrace between 50% and a maximum of 78.6%, with our target entry at the 50% level, coinciding with the support zone of Wave (4). However, we firmly believe that we won't exceed $127 again unless we encounter an Expanded Flat scenario, where reaching 138% is still possible, but we should not surpass it. Therefore, Oracle presents a very bearish scenario over a long period. We will also look for possible short-term entries to potentially initiate positions.
NYSE:ORCLShort
by stromm
2
Monster: Sell SignalSince our last analysis of Monster, we've observed a significant rise to just over $60. However, we now believe that Wave B has concluded. There's a scenario where we could climb higher, but we don't subscribe to that view. We suspect a double top formation near the $60.50 mark, corresponding to the Wave I cycle, and anticipate a five-wave downward structure leading to Wave C or the overarching Wave (A). We're setting a short entry because we believe the structure allows for the assumption of a double top formation. Given this is a double top, we also expect to see a double bottom. Nonetheless, our target remains the upper end of the support zone, as we don't want to quibble over a few percentage points and risk not triggering our take profit. Therefore, we've set our target at $49.88.
NASDAQ:MNSTShort
by stromm