GBP/USD ! 11/7 ! sideway price zone - resistance signal SELLGBP/USD trend forecast November 7, 2024
The GBP/USD pair finds support during the Asian session on Thursday, moving up from its mid-August low near the 1.2830 area touched the day before. Spot prices now aim to sustain momentum above the 1.2900 level as focus turns to significant central bank events.
The Bank of England (BoE) is expected to announce a rate cut today, its second this year, in response to slowing inflation. However, expectations that UK Finance Minister Rachel Reeves' upcoming budget could boost inflation, potentially slowing future BoE rate cuts, help support the British Pound. A slight dip in the US Dollar also contributes to GBP/USD gains.
Against the backdrop of a rising dollar - GBP is not much changed. sideways and slightly down
/// SELL GBP/USD : zone 1.29520 - 1.29720
SL: 1.30100
TP: 60 - 120 - 250 pips (1.27220)
Safe and profitable trading
Shorttrade
Downtrend continues - GOLD slows down⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold (XAU/USD) faces heavy selling pressure heading into Wednesday’s European session, dropping to near $2,700, marking a nearly three-week low. With Republican nominee Donald Trump leading the US presidential race and likely to become the 47th president, the US Dollar is seeing a strong rally, spurring sell-offs in gold.
Concerns over deficit spending and expectations for a less aggressive rate cut from the Federal Reserve are also driving US Treasury yields higher, diverting interest from the non-yielding gold. Additionally, a risk-on mood—shown by a strong rally in US equity futures—suggests a downward trend may continue for XAU/USD.
⭐️Personal comments NOVA:
The election results pushed gold prices back to the support price range of 2700, a recovery in correction mode. Still maintaining the upcoming gold support zone: 2700 - 2680
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2748 - $2750 SL $2755
TP1: $2740
TP2: $2725
TP3: $2715
note scalping support: 2713
🔥BUY GOLD zone: $2700 - $2702 SL $2695
TP1: $2708
TP2: $2715
TP3: $2730
⭐️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
XAU! 11/6! Gold price down - soon to $2700XAU / USD trend forecast November 6, 2024
Gold price (XAU/USD) struggles to build on Tuesday's rebound from the $2,725-2,724 region, hovering between small gains and losses in Wednesday's Asian session. Rising demand for the US Dollar, fueled by exit polls showing Donald Trump leading in key swing states, poses a challenge for gold. Additionally, a strong rise in US Treasury yields and a risk-on market mood put further pressure on the non-yielding metal. However, expectations of heightened volatility around the US election results prevent traders from taking strong bearish positions, which should help contain any significant downside for gold.
After clearing the liquidity of the 2748-2750 price range, the gold price is still moving in the 2730-2745 price range. The election results will create a positive and optimistic financial market. The gold price cools down - drops to 2700
/// SELL XAU : zone 2742-2745
SL: 2750
TP: 50 - 150 - 300 pips (2715)
Safe and profitable trading
Short-term recovery for a stronger downward correction⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold (XAU/USD) sees new selling pressure during Tuesday’s Asian session, dipping to over a one-week low near $2,725-2,724, though the downside appears limited. The uncertainty around the tight US presidential election and potential escalation of Middle East tensions could keep supporting this safe-haven asset.
Additionally, the unwinding of "Trump trades" and expectations that the Federal Reserve may cut rates further due to a slowing US labor market have pushed US Treasury yields lower. This has prevented the US Dollar from extending its overnight recovery and may continue to limit any significant pullback in Gold prices.
⭐️Personal comments NOVA:
The downward adjustment trend still maintains the H1 and H4 frames. If you want a stronger decrease - a short-term recovery in the downtrend in the price range 2747 - 2761 is more expected. Current selling volume is slowing down due to support zones blocking it
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2748 - $2750 SL $2753 scalping
TP1: $2743
TP2: $2737
TP3: $2730
🔥SELL GOLD zone: $2762 - $2764 SL $2769
TP1: $2750
TP2: $2730
TP3: $2717
🔥BUY GOLD zone: $2716 - $2714 SL $2709
TP1: $2725
TP2: $2732
TP3: $2740
⭐️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
XAU / USD ! 11/4! Downtrend - correction continuesXAU / USD trend forecast November 4, 2024
Gold price (XAU/USD) sees modest gains around $2,740 during early Asian trading on Monday, breaking a two-day losing streak. Safe-haven demand for gold may rise due to uncertainties surrounding the US presidential election and Middle East tensions. The upcoming US presidential election on Tuesday is a key focus this week. Analysts at JPMorgan suggest that any decline in gold prices, regardless of the election results, could be a buying opportunity.
Gold price continues downtrend H1 - waiting for the US presidential election move and the decision to lower interest rates or not in November 2024
/// SELL XAU : zone 2747-2750
SL: 2755
TP: 50 - 120 - 200 pips (2730)
/// BUY XAU : zone 2717-2714
SL: 2709
TP: 50 - 120 - 200 pips (2734)
Safe and profitable trading
GBP/ USD ! 11/4! Resistance H1 SELL NOW ! not NEWS GBP/USD trend forecast November 4, 2024
The GBP/USD pair rises to around 1.2970 during Monday’s Asian session, aided by a weaker US Dollar (USD). The USD faces pressure after October's soft US Nonfarm Payrolls (NFP) data, supporting the pair's gains. Following a 50 bps rate cut in September that initiated the easing cycle, the US Federal Reserve (Fed) is expected to lower rates by 25 bps in its November meeting, with markets assigning a 97% probability to this move. The Dollar weakens as traders prepare for the US presidential election and the Fed’s rate decision this week.
There was no USD and GBP news data at the beginning of the week, the price recovered and hit the H1 resistance, along with the 2nd GAP. DOWN to fill liquidity, stabilize the price trend during the week.
/// SELL GBP/USD : zone 1.29970 - 1.30200
SL: 1.30500
TP: 60 - 120 - 200 pips (1.28200)
Safe and profitable trading
NF - the market becomes negative! XAU decrease⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) regain some ground on Friday, supported by uncertainty around the US presidential election and ongoing Middle East tensions, both of which increase demand for safe-haven assets.
However, rising US Treasury yields and a stronger US Dollar (USD) could weigh on Gold. Traders are awaiting Friday’s October employment data, including Nonfarm Payrolls (NFP), Unemployment Rate, and Average Hourly Earnings, for further direction. Strong results could reduce expectations for a softer policy approach by the Federal Reserve (Fed), potentially adding pressure on the non-yielding yellow metal.
⭐️Personal comments NOVA:
After yesterday's unemployment data - good for the dollar - gold fell sharply. This could be a sign of a major correction as important NF data is released today
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2762 - $2764 SL $2767 scalping
TP1: $2755
TP2: $2748
TP3: $2740
🔥SELL GOLD zone: $2788 - $2790 SL $2795
TP1: $2780
TP2: $2770
TP3: $2760
🔥BUY GOLD zone: $2712 - $2710 SL $2705
TP1: $2720
TP2: $2730
TP3: $2740
⭐️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
Alikze »» BTC | Ascending channel🔍 Technical analysis: Selling pressure at the ceiling of the ascending channel and the supply area
According to the analysis presented in the 8-hour time frame, Bitcoin is moving in an upward channel.
- In the predicted movement path of the previous post, after a temporary correction to the green box range, Bitcoin managed to continue its growth to the ceiling of the ascending channel and the supply area.
- At present, sales pressure has been faced in the area of the channel roof and the supply area.
💎Therefore, it can have a correction to the green box area with a pullback to the supply area or the middle of the second ascending channel.
💹 The support and demand area ranges from $64,062 to $65,625.
⚠️In addition, if it can break the supply zone, it can retest the previous major ceiling.⚠️
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MEXC:BTCUSDT
$COIN back to $120Looking at NASDAQ:COIN on the higher time frames, showing potential for a move back down to the $120 zone after rejection from overhead levels.
Moving down within a descending volatility channel, within a larger ascending channel, and looking for support in the HTF support zone below in green.
XAU! 11/1 ! Gold price adjustment - NF newsXAU / USD trend forecast November1, 2024
Gold price (XAU/USD) regains some ground on Friday, supported by US election uncertainties and Middle East tensions, which boost demand for the safe-haven asset. However, rising US Treasury yields and a stronger US Dollar may limit gains. Traders now await the US October employment report, with key data on Nonfarm Payrolls, Unemployment Rate, and Average Hourly Earnings. A strong report could reduce expectations for Fed rate cuts, potentially weighing on gold.
Gold price adjusted down - market reduced FOMO. Waiting for NF news to officially return to the price range of 2700 - 2720
/// SELL XAU : zone 2769-2772
SL: 2777
TP: 50 - 200 - 300 pips (2742)
Safe and profitable trading
EUR/ GBP ! 10/31 ! resistance SELL NOW EUR/ GBP trend forecast October 31, 2024
EUR/GBP trades slightly lower near 0.8360 early Thursday in Europe, easing after gains from the previous session. However, the Euro may find support as investors reduce expectations for a large ECB rate cut in December, following stronger-than-expected economic data from the Eurozone and Germany on Wednesday. Focus now shifts to Thursday's release of the Eurozone HICP.
H1 resistance - selling pressure exists in this area, besides, today's EUR news data is also predicted by experts to be bad, creating conditions for price to decrease.
/// SELL EUR/GBP : zone 1.83780 - 1.83980
SL: 1.84250
TP: 60 - 120 - 200 pips (1.81980)
Safe and profitable trading
USDCAD! 10/30 ! Resistance H4 SELL signal USDCAD trend forecast October 30, 2024
The USD/CAD pair continues its upward trend on Tuesday, rising 0.23% to 1.3910, near Monday’s three-month high of 1.3908. The Greenback's strength, coupled with a drop in oil prices, supports this movement. Positive US economic data has fueled expectations for Fed rate cuts in November. September’s JOLTs report was mixed but slightly below forecasts, while August home price indices exceeded expectations, indicating persistent shelter inflation.
Resistance H4 - overbought zone. In the context of the falling dollar, inflation cooling down in the US, causing the USD/XXX currency pairs to adjust down.
/// SELL USDCAD : zone 1.39300 - 1.39500
SL: 1.39800
TP: 60 - 100 - 250 pips (1.37000)
Safe and profitable trading
XAU ! 10/28 ! sideway move in trendlineXAU / USD trend forecast October 28, 2024
Gold price (XAU/USD) starts the new week with a slight bearish gap, unable to sustain Friday’s gains near $2,750. Persistent USD strength, supported by rising US Treasury yields and expectations of smaller Fed rate cuts, puts pressure on the metal. A positive risk sentiment also adds to the downward pull.
However, safe-haven demand from Middle East tensions and US election uncertainty limits further downside for gold. Traders may remain cautious and hold off on strong bearish positions ahead of key US data this week, including Q3 GDP, the PCE Price Index, and the Nonfarm Payrolls report.
On Monday, gold price moved sideways within 2 trendlines, waiting for NF news fluctuations this week.
/// SELL XAU : zone 2743-2746
SL: 2751
TP: 50 - 200 - 300 pips (2716)
Safe and profitable trading
USD/ JPY ! 10/ 28 ! SELL resistance ! GAP USD/ JPY trend forecast October 28, 2024
The Japanese Yen (JPY) recovers about 50 pips from a three-month low against the USD, though gains are limited amid uncertainty over the Bank of Japan's rate hike plans and the ruling coalition’s recent loss of its parliamentary majority. Additionally, a positive risk sentiment continues to weigh on the safe-haven JPY.
At the beginning of the week, the price created a GAP to increase - need to adjust to fill the GAP. There is a slight resistance zone - in the context of not much important news today.
/// SELL USDJPY : zone 153.250 - 153.550
SL: 153.850
TP: 60 - 100 - 250 pips (151.050)
Safe and profitable trading
Continue short-term correction 2709 ! XAU⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) dipped during the Asian session on Friday, reversing part of the previous day's gains but staying within the week's trading range. With less than two weeks to the November 5 US presidential election, polls indicate a close race, adding political uncertainty. Combined with tensions in the Middle East, this uncertainty supports demand for gold as a safe-haven asset.
However, the impact is tempered by renewed US Dollar (USD) strength, driven by expectations that the Federal Reserve (Fed) will take a cautious approach to easing policy. Recent US economic data has shown resilience, reducing the likelihood of a large rate cut in November, which supports the USD and pressures gold prices.
⭐️Personal comments NOVA:
H1 frame continues to adjust slightly downward - expected price range 2709 - 2680 for seller liquidity
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2750 - $2752 SL $2758
TP1: $2740
TP2: $2730
TP3: $2720
🔥BUY GOLD zone: $2709 - $2711 SL $2704
TP1: $2718
TP2: $2730
TP3: $2740
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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
10/25 ! USD JPY ! touch trend set up SELL USD/ JPY trend forecast October 25, 2024
The Japanese Yen (JPY) failed to build on Thursday’s recovery and faced renewed selling pressure during Friday's Asian session. Japan's business activity data for October showed a contraction in both manufacturing and services sectors. Additionally, a drop in Tokyo’s core inflation below the Bank of Japan’s (BoJ) 2% target lowered expectations for further rate hikes in 2024, weighing on the JPY.
A positive market sentiment and US Dollar (USD) buying also supported the USD/JPY pair around the mid-151.00s. However, verbal intervention by Japanese authorities helped limit further JPY losses. Traders now await US economic data for short-term direction amid political uncertainty before Japan’s general election on Sunday.
H1 frame shows the price zone is adjusting - touching the trendline, continuing to adjust down
/// SELL USDJPY : zone 151.850 - 152.050
SL: 152.500
TP: 50 - 100 - 250 pips (149.550)
Safe and profitable trading
XAU ! 10/24 ! Adjustment and price decreaseXAU / USD trend forecast October 24, 2024
Gold price (XAU/USD) rises to the $2,736-$2,737 range during the European session, recovering some losses from the previous day’s pullback from a record high. Ongoing Middle East conflicts and uncertainty around the upcoming US Presidential election on November 5 boost demand for the safe-haven asset. Additionally, a slight dip in the US Dollar from its near three-month high and falling US Treasury yields further support gold's upward movement.
Gold price continues to be in the long-term uptrend - however, there needs to be adjustments for the market to stabilize and rebalance. Expected price range 2700 - 2680 in the short term
/// SELL XAU : zone 2740-2743
SL: 2748
TP: 50 - 200 - 300 pips (2713)
Safe and profitable trading
Bearish pattern - XAU correction ! 2700⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices are recovering part of Wednesday’s decline from the record high of $2,759 early Thursday. The rebound is supported by a pause in the US Dollar's rise, as US Treasury bond yields stabilize ahead of the preliminary S&P Global US PMI data.
Gold is now awaiting the US PMI data for further direction. The slight pullback in the USD and yields is likely due to improving market sentiment in Asia after Wall Street's tech sell-off. US equity futures are also recovering, helped by Tesla Inc.’s positive earnings report, which provided some relief to investors.
⭐️Personal comments NOVA:
A HEAD AND SHOULDERS model is forming, long-term H2 frame RSI bearish divergence. Expect gold's correction to approach 2700 - 2680
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2763 - $2765 SL $2770
TP1: $2755
TP2: $2747
TP3: $2740
🔥SELL GOLD zone: $2739 - $2741 SL $2744 scalping
TP1: $2735
TP2: $2730
TP3: $2720
Note the support zone: 2680
🔥BUY GOLD zone: $2701 - $2703 SL $2696
TP1: $2710
TP2: $2718
TP3: $2725
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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
$CHSN Short signal (my trading dairy)I will short trade NASDAQ:CHSN today if it started to rise after open, here is my reason:
1. Market maker sold out:
the price reached the resistance level from previous high with high volumes, which means half shares of the market cap has already sold. personally, i think those sold shares belong to the market maker.
2.Negative news:
SEC has ordered a suspension of trading in the company's securities on Oct 9, 2024 due to price manipulation activities.
3.Huge remained short volume
Compared to the volume and daily short volume of Oct 4th, Oct 7th, and Oct 22th, we could discover there is huge remained short volume.
Therefore I will short trade it tonight if it follow my expectation.
GBPJPY (H1) The pound yen made the expected corrective move during today's trading session and reached the golden area, which is considered the key to the downward trend. Accordingly, we look forward to selling from these areas. Stop loss above the levels of 197.144 and our targets are 192.23 and 189 as shown.
OANDA:GBPJPY