Gold DOWN with CPI news today !! XAU ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) is experiencing a decline for the fifth consecutive day during the early Asian trading session on Tuesday. The ongoing narrative of the US Federal Reserve (Fed) advocating for a prolonged period of higher interest rates is exerting downward pressure on the non-yielding yellow metal. Investors are eagerly awaiting the release of crucial US inflation data, as it may offer insights into the Fed's future decisions regarding interest rates. Currently, the price of gold is hovering around $2,018, reflecting a decrease of 0.06% for the day.
Meanwhile, the US Dollar Index (DXY), which measures the value of the USD against a basket of six major world currencies, remains stable at approximately 104.12. The yields on US Treasury bonds are slightly increasing, with the 10-year yield currently standing at 4.17%.
⭐️ Personal comments NOVA:
Gold prices tend to continue DOWN during the Monday trading session, it is expected that the price will continue in the downtrend and can approach the price range of $2005.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $1995 - $1997 SL $1990
TP1: $2000
TP2: $2005
TP3: $2010
Pay attention to 2 support zones: scalping BUY $2015 and BUY $2005
🔥SELL GOLD zone: $2028 - $2030 SL $2035
TP1: $2024
TP2: $2020
TP3: $2015
⭐️ 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
Shorttrade
EURAUD !! Trend DOWN, SELL now⭐️ Smart investment, Strong finance
⭐️ Personal comments NOVA:
DOWN trend, stable trading below the EMA lines, establishing a SELL signal
⭐️ SET UP EUR / AUD PRICE:
🔥SELL zone: 1.65200 - 1.65350 SL 1.65800
TP1: 1.65000
TP2: 1.64700
TP3: 1.64300
⭐️ 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
CADJPY: Bearish Divergence Warns of Trend Reversal📉 Overview:
CADJPY, previously bullish, now shows bearish divergence on the 1-hour timeframe, forming its first lower high. With a strong 90% short market sentiment, there is significant support for an anticipated bearish reversal.
📊 Technical Analysis:
Bearish divergence and the formation of a lower high suggest a potential shift from bullish to bearish.
📈 Market Sentiment:
At 90% short sentiment, substantial support for the expected bearish reversal is evident.
📉 Trade Strategy:
Consider short positions, aligning with the bearish signals, and anticipate further downward movement.
🛑 Risk Management:
Mitigate risks with effective stop-loss orders to safeguard capital.
📈 Conclusion:
CADJPY offers a concise opportunity for a bearish trend reversal, supported by bearish divergence and strong market sentiment. Monitor for confirmation and adjust positions accordingly.
Cumulative Gold prices prepare for INFLATION data⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) continues to trade within a range as it enters the European session on Monday, currently sitting just above last week's monthly low. The prevailing belief that the Federal Reserve (Fed) will maintain higher interest rates for a longer period of time in light of the resilient US economy is supporting elevated US Treasury bond yields. This, coupled with the positive sentiment surrounding the stock markets, is acting as a hindrance for the safe-haven precious metal.
However, the uncertainty surrounding the timing and pace of interest rate cuts by the Fed is not helping the US Dollar (USD) gain significant traction, which in turn is offering some support to gold prices. Traders are also hesitant to take aggressive positions and are waiting for the release of the latest US consumer inflation data on Tuesday, as it will provide clues about the Fed's future policy decisions. This data will play a crucial role in influencing the short-term price dynamics of the USD and will impact the direction of movement for the non-yielding commodity.
⭐️ Personal comments NOVA:
In the first trading session of the week, Gold prices continued sideways in the $2020 - $2035 price range waiting for important CPI data this week.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2015 - $2017 SL $2010
TP1: $2022
TP2: $2026
TP3: $2031
🔥SELL GOLD zone: $2029 - $2031 SL $2035
TP1: $2024
TP2: $2020
TP3: $2015
⭐️ 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
BINANCE:SNXUSDT - Watch out for rising wedge------------------------------------------------------------------------------------------
Description
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+ A clear rising wedge pattern formed in SNX
+ Current price is at the resistance level trying to breakout the resistance, which is less likely to happen
+ Our entry plan is around 3.8 when price breaks down the support line.
+ We can expect the reversal of the price in next 2days.
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Signal
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VectorAlgo Trade Details
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Entry Price: 3.8
Stop Loss: 4.149
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Targets 1: 3.776
Targets 2: 3.555
Targets 3: 3.285
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Timeframe:
Capital: 1-2% of trading capital
Leverage: 5-10x
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Note: This is a short trade in the bull market, so it's a high risk trade.
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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
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
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.
KEYUSDT - Rejection is imminentBINANCE:KEYUSDT (4H CHART) Technical Analysis Update
TOKEN is currently trading at $0.005283 and got reject from the resistance line and kind forming the triangle pattern (Yet to fully form the triangle)
We can enter a short trade here and exit at the next support level around 0.04600
Long Entry level: $ Around 0.005151
Stop loss: below $ 0.005405
Target 1: $ 0.005037
Target 2: $ 0.004872
Target 3: $ 0.004584
Max Leverage: 2x
Don't forget to keep stop loss.
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Cheers
GreenCrypto
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
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
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...
USDCAD !!! 31/1/24 TREND DOWN ! SELL NOW ⭐️ Smart investment, Strong finance
⭐️ USDCAD INFORMATION:
During the early Asian session on Wednesday, the USD/CAD pair ends its four-day losing streak. The recovery of the pair is supported by positive US job openings and consumer confidence data, which contribute to the strengthening of the US dollar (USD). The focus is now on the Federal Reserve (Fed) monetary policy meeting scheduled for Wednesday, where no changes in interest rates are expected. Currently, USD/CAD is trading at 1.3405, showing a 0.04% gain for the day.
Unexpectedly, the number of available jobs in the US increased in December to 9.026 million, as reported by the Bureau of Labor Statistics on Tuesday. This marks the first time that job openings have surpassed 9 million since September. In addition, the Conference Board Consumer Confidence index rose to 114.8 in January, compared to the previous reading of 108.0, reaching its highest level in two years.
⭐️ Personal comments NOVA:
The long-term price range is still in a DOWN trend, the next bottom is gradually lower than the previous bottom. Touching the trendline sets up a SELL signal. CAD economic data also does not have much important information
⭐️ SET UP PRICE:
🔥SELL USDCAD zone: 1.34200 - 1.34350 SL 1.34800
TP1: 1.33900
TP2: 1.33600
TP3: 1.33300
⭐️ 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
Yemi_Fx1 | Bearish Bias on CHFJPY Price has been in correction phase on chfpy for more than a week currently it's tested the upper trendline making it a third touch. The upper trend line that serves as a resistance zone is validated on 1 hour time frame by a close of a bearish candlestick. I will be waiting for formation of a bearish continuation pattern on 15Min/5Min to provide me an opportunity to take a trade.
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EURUSD showing great bearish signsPrice just returned into a bearish Orderblock, after running over the liquidity void/fair value gap which gave me the idea that we are in a good position to make a deal of selling down to the equal lows above 1.05000.
Having to think about the Fair value gap which we are currently in should we fill it up , we will automatically drop down to t6he sellside liqiudty which will propel our sell to the desired point
Gold price is still supported, waiting for PCE news⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Furthermore, the most recent political changes in the Middle East have resulted in a resurgence of non-profitable metal prices following the Houthis' assault on two American-flagged Maersk vessels that were under the protection of the US Navy.
Overall, those involved in the gold trading industry are preparing themselves for the upcoming announcement of the Federal Reserve's favored measurement of inflation, the Personal Consumption Expenditures (PCE) Price Index for December. This release is of particular importance as it precedes the monetary policy decision to be made by Fed Chairman Jerome Powell and his colleagues next week.
⭐️ Personal comments NOVA:
Gold price is still trying to maintain the 2010-2020 price range in the face of increasing selling pressure from investors due to information that the FED will lower interest rates in 2024.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2002 - $2005 SL $1995
TP1: $2008
TP2: $2014
TP3: $2020
🔥SELL GOLD zone: $2029 - $2031 SL $2036
TP1: $2024
TP2: $2019
TP3: $2014/b]
⭐️ 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
Gold price is trending DOWN with GDP news⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
During the Asian session on Thursday, the price of gold (XAU/USD) has slightly increased and recovered some of the significant losses from the previous day. However, there is a lack of strong bullish momentum. The US Dollar (USD) is struggling to take advantage of the rebound it experienced from a one-week low and is still below its highest level since December 13, which was reached on Tuesday. These factors, combined with the potential for further escalation of military action in the Middle East, are providing support for the safe-haven precious metal.
⭐️ Personal comments NOVA:
Gold price after the 2019 breakout, Gold price will continue to fluctuate below this zone and prioritize the upcoming DOWN trend, today's GDP news is also supporting that.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2000 - $2002 SL $1992
TP1: $2008
TP2: $2013
TP3: $2020
🔥SELL GOLD zone: $2022 - $2024 SL $2029
TP1: $2015
TP2: $2008
TP3: $2000
⭐️ 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 !! 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
AUDUSD M30 / SHORT TRADE OPPORTUNITY 📉Hello Traders!
This is my idea related to AUDUSD M30. I expect a bearish move after the retracement from the Resistance level, the exact level where we have also fibo 50%.
My target is below the BOSS.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
____________________________________
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A slowdown in the DOWN trend !! XAU ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
This week's main events to watch out for include the release of the US Gross Domestic Product (GDP) for the fourth quarter on Thursday and the Core Personal Consumption Expenditures Price Index (Coe PCE) on Friday. If the US data shows weakness, it is expected to influence the Federal Reserve to adopt a more dovish stance, which could limit the downward movement of gold prices. Additionally, the US Richmond Fed Manufacturing Index for January will be published later on Tuesday, ahead of the key US event.
⭐️ Personal comments NOVA:
Gold price range 2020-2027. Still in a DOWN trend if there is no sudden change in bad economic data for the DOLLAR. Gold price continues to struggle sideways above $2000
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2002 - $2005 SL $1995
TP1: $2012
TP2: $2020
TP3: $2030
Pay attention to the 2015-2017 support zone, scalping BUY
🔥SELL GOLD zone: $2040 - $2042 SL $2050
TP1: $2032
TP2: $2026
TP3: $2020
⭐️ 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