Shortsignal
Slight decline at the beginning of the week for Gold⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices rise near $2,360 amid increasing Middle East tensions, benefiting precious metals. This week's focus is on the US CPI, PPI, and Retail Sales, potentially revealing economic and inflation trends. Last week, several Federal Reserve officials delivered hawkish messages; Atlanta Fed's Raphael Bostic ruled out interest rate cuts in 2024 due to high inflation while Minneapolis Fed's Neel Kashkari adopted a "wait and see" stance on future monetary policy.
⭐️ Personal comments NOVA:
Gold price is in a short-term downtrend, creating force to go up stronger, expected level $2400
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2330 - $2328 SL $2323
TP1: $2336
TP2: $2342
TP3: $2347
🔥SELL GOLD zone: $2378 - $2380 SL $2385
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
AMD H&S NASDAQ:AMD AMD clear Head and shoulders pattern
price filled gap and broke downside could see 150 - 145
Put Protection for positions or exit.
Gold moves in a wide range, sideways⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) is struggling to take advantage of the small gains made the previous day and is moving within a narrow range around the $2,170 mark during the Asian session on Tuesday. However, caution is advised before placing aggressive bearish bets on the precious metal and expecting a continuation of the recent significant decline from the record high near the $2,223 area reached last Thursday.
Last week, the Federal Reserve (Fed) projected a less restrictive monetary policy in the future and indicated that it remains committed to reducing interest rates by 75 basis points this year. As a result, the US Dollar (USD) bulls are on the defensive, which benefits the non-yielding gold price. Additionally, escalating geopolitical tensions are supporting the safe-haven XAU/USD and should help limit any significant downward movement.
⭐️ Personal comments NOVA:
The price range of $2150 - $2190 becomes the sideway range of Gold price, waiting to break the trend
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2150 - $2152 SL $2145
TP1: $2160
TP2: $2170
TP3: $2180
🔥SELL GOLD zone: $2188 - $2190 SL $2195
TP1: $2180
TP2: $2170
TP3: $2160
⭐️ 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
EUR / JPY !! SELL NOW resistance zone ⭐️ Smart investment, Strong finance
⭐️ EUR/ JPY INFORMATION:
The price touched the long-term resistance zone H4, overbought. There is no important economic news on EURJPY, setting up a SELL signal
⭐️ SET UP EUR/ JPY PRICE:
🔥SELL zone: 163.450 - 163.600 SL 164.000
TP1: 163.100
TP2: 162.800
TP3: 162.500
⭐️ 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
I Can't Believe It. I've Gone Short on Bitcoin!Traders,
True to form, though I rarely do this anymore, I’ve gone short on Bitcoin. My entry was immediate after hitting that resistance level at $60500 which I discussed in the last post.
Target will be $48,300
Stop out will be about $63,000
RRR is nearly 5/1
I am confident here so I’ve risked nearly 50% of the trading portfolio. But I will definitely be taking profits at every level (see chart above) along the way.
Best,
Stew
USDCAD Short Idea from Eliot Wave and Trend AnalysisAs you see on the cart clearly up trend in channel. And i think eliot wave is completed so now we are in the area of ABC correction. so i see an opportunity for selling.
Min Target: 1.35
Warning: Bitcoin Has Just Reached a Multi-Year Resistance LevelTraders,
I must warn my followers of the resistance level that Bitcoin is now up against. Bitcoin has been shocking the world with price action these last several months and now would seem to be fairly over-extended. Additionally, Bitcoin has a serious resistance level that it must move through if it wants to move higher.
I am normally not an overly dogmatic type of analyst. This is where I become fairly biased. I do not see Bitcoin breaking this resistance without quite a bit of accumulation preceding momentum.
When we reached resistance at 53k, I called for sideways to down price action with the potential to touch 48k before proceeding upwards. We got our sideways action for over a week but we did not get any break of support. This is when I knew the bulls were going to attempt to continue upwards. You saw me making many altcoin entries at this point and we are still winning on those trades (more to come here).
But now, we have reached new resistance and this resistance is significant. It is not something to take lightly. We started this trendline back in 2019. So, for 5 years it has acted as either support or, in this case, resistance (see below):
I have been anticipating that at some point in the future, we would simultaneously reach our mid-cycle top as well as retract/retest our 48k neckline from that larger Cup and Handle pattern I have discussed for so long. I THINK NOW IS THAT TIME. Be ready.
However, it may take days, weeks, or even months to pull back and touch 48k. I believe now is the time to prepare for doing so. I am so confident that our resistance will hold the bulls off from further upside that I may enter a big short here soon. So, watch for that.
Until then, stay tuned and I will keep you up to date on the battle of our trendline here.
Stewdamus
A top in $NVDA? I know it is very brave of me to call a top in NASDAQ:NVDA here with all is going on in AI right now. But I can only analyse what the market is telling me right now.
And the market is telling me that a top might be in place. And here are 5 reasons why :
1. Fibonacci golden ratio on a weekly timeframe we are almost there. We see how the golden ratio it's splitting the 5 waves impulse up.
Even in Wave 5 we have a Fibonacci Golden ratio. This time is 0.618/0.382. They all point out to the same zone.
2. Bearish divergence between the price and MACD- Histogram and MACD lines
3.Kangaroo tail
The last bar is a sign of worry for the bulls.
4. Outside upper channel line
5. Quite a gap to the value zone. Which on a daily is between $675-$716.
and as bonus reason Steve Weiss just bought NASDAQ:NVDA
Of course there are a few reasons for the bulls as well. and NASDAQ:NVDA could go to the Moon.
What do you think. Bull or bear here?
Legal Disclaimer: The information presented in this analysis is solely for informational and educational purpose and does not serve as financial advice.
EURUSD Short Position idea 2.5RR / ICT / 12th February 2024New York Session:
- I believe the price will continue to the downside.
- I want to see the price trade to a premium in the London session before going lower and taking out a short-term high.
- I will be targeting the equilibrium of the PWR.
- Wait for the price to reach 50% of the London session range.
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
CAKEUSDTHello dear friends
Provided that the price range of $2.655 is maintained, we can expect a downward trend similar to the scenario.
what do you think!?
EUR/ JPY !! 25/1/2024 Trendline , touch EMA SELL NOW⭐️ Smart investment, Strong finance
⭐️ Personal comments NOVA:
The price is in a very nice downward trendline, along with touching the EMA, setting up a SELL signal
⭐️ SET UP EUR/ JPY PRICE:
🔥SELL zone: 160.800 - 160.950 SL 161.300
TP1: 160.510
TP2: 160.210
TP3: 159.820
⭐️ 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
Scalping XAU! 19/1/24 Strong selling resistance zone⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The US-led coalition is still engaged in conflicts with the Iran-backed Houthi faction in the Red Sea, which is contributing to the stability of the Comex Gold price as the US Dollar remains subdued. On Thursday, Houthi rebels in Yemen fired two ballistic missiles at a tanker ship owned by the US and operated by Greece. In response, the US conducted its fifth attack against Houthi targets.
⭐️ Personal comments NOVA:
set up signal SELL XAU, resistance zone along with US economic data expected to be good for USD bad for XAU
⭐️ SET UP GOLD PRICE:
🔥SELL GOLD zone: $2033 - $2035 SL $2040
TP1: $2025
TP2: $2017
TP3: $2002
⭐️ 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
EURUSD Price RejectionHi Traders!
EURUSD has had double price rejection at the resistance, and there are shorting opportunities near the resistance to target support levels below.
Here are the details:
There is double price rejection at the 1.09986 level, which tells us that bearish demand is currently too strong in this area.
We are looking for a momentum price break and a close below the 20 EMA.
Preferred Direction: Sell
Technical Indicators: 20 EMA
Resistance: 1.09986
Support 1: 1.09102
Support 2 (monthly low): 1.08770
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
BTC:USDT : SHORT SELL : NOT WRONG. JUST 5 DAYS EARLYSo, it's happening.. Finally..
This is not farewell, just g'bye for a bit..
Retracing from what has really been an uncharacteristically stable rise for weeks.
It completed the obligatory double-top 5 days ago, and is about to start the descent. Usually a slow, steady trend in one direction is followed by a violently aggressive opposing movement, so keeping my fingers crossed for CARNAGE..
Don't wish to speculate much on the total extent of the correction, as I'm biased and hoping it'll break out of the blue diagonal vice-like structure it's been chained to for what feels like eons.
Will say this: Minimum dump target: $37150.00.
With a gun to my head, I'd have called the 50% line at $34850.00 thereafter..
Will have to wait for more information beyond that point..
NZDUSD Short Near Monthly HighHi Traders!
NZDUSD is testing the monthly high for the first time, and there is an opportunity for a short entry back to the support level.
Here are the details:
The monthly high at 0.62498 is the key level here, and as the market is testing it for the first time, we are looking for the resistance level to hold. The longer the market holds below 0.62498, the more likely it is to pull back.
Preferred Direction: Sell
Entry Level: 0.62474
Stop Level: 0.65089
Target Level: 0.61809
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
EURUSD Double Top OpportunityHi Traders!
EURUSD is forming a potential double-top pattern, and there is great risk-reward potential for shorting opportunities near the resistance.
Here are the details:
The market tested the previous month's high of 1.10173, but the bears are holding very strongly around this level, which has currently formed a double-top pattern on the chart.
Preferred Direction: Sell
Entry Level: 1.09960
Stop Level: 0.65089
Target Level: 1.10771
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
USDCAD Approaching The 3-Month NecklineHi Traders!
USDCAD has formed a head-and-shoulders pattern and is approaching the neckline.
Here are the details:
There is a current lack of buyers in the market, and the market is trending down with swings of lower highs and lower lows. Our plan is to sell rallies looking for a break below the neckline and target the 3-month low at the 1.33802 level.
Preferred Direction: Sell
Entry Level: 1.35738
Stop Level: 1.36663
Target Level: 1.33802
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
