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
Shorttrade
GBP/ JPY !! 19/1/2024 Trendline PRICE UP is stable⭐️ Smart investment, Strong finance
⭐️ Personal comments NOVA:
The H4 long-term increasing trendline is very beautiful. The price touches the trendline, setting up a SELL signal
⭐️ SET UP GBPJPY PRICE:
🔥SELL zone: 188.550 - 188.700 SL 189.100
TP1: 188.200
TP2: 187.900
TP3: 187.600
⭐️ 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
GBPAUD Longer Term Short - Already involved Here's another longer term idea on this pair and I'm already involved. Aussie losing strength over a long period of time and has tried already 3 times to break out of a range and failed every time, we can short now and hold on until we see a 50% retracement from the previous bullish leg as demonstrated.
GBP/ JPY !! Getting SELL bad data for GBP⭐️ Smart investment, Strong finance
⭐️ Personal comments NOVA:
According to economic data experts, GBP will not be supported today, following the SELL trend around this area, touching the EMA.
⭐️ SET UP GBP/JPY PRICE:
🔥SELL zone: 185.350 - 185.500 SL 186.000
TP1: 185.000
TP2: 184.700
TP3: 184.400
⭐️ 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
opportunity to go long or short in AVAXUSDTguys there is an opportunity to go long or short if the price breaks and closes below or above the support line and can aim the recent swing low or high and i have also used fib to predict where to set the take profit for both long a short position, for long position you can set your TP at the above arrow and for short position you can set your TP at the down arrow
PPI !! There is a chance for recovery!! XAU⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
On Friday, investors will pay close attention to the economic data coming out of China. It is predicted that the Consumer Price Index (CPI) for the nation will decrease by 0.4% compared to the previous year in December. Similarly, the Producer Price Index (PPI) is expected to drop by 2.6% year-on-year, down from the previous reading of 3.0%. If the data turns out to be weaker than expected, it could potentially have a negative impact on the price of gold, as China is one of the largest consumers of the precious metal worldwide. In addition, the US Producer Price Index (PPI) will also be released later in the day on Friday.
⭐️ Personal comments NOVA:
PPI prediction is quite positive for the dollar, Gold price is still sideways around the area below $2040, selling pressure is still trying to return to the $2000 area
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2022 - $2020 SL $2017 scalping Asian session
TP1: $2026
TP2: $2030
TP3: $2034
🔥BUY GOLD zone: $2000 - $2002 SL $1995
TP1: $2010
TP2: $2020
TP3: $2030
🔥SELL GOLD zone: $2053 - $2055 SL $2060
TP1: $2045
TP2: $2038
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
Waiting for new motivation after today's CPI news⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
During the early Asian trading hours on Thursday, the price of gold (XAU/USD) experienced a gradual increase. The weakened US Dollar (USD) provided some encouragement to the yellow metal, particularly in anticipation of the significant US CPI report later in the day. Currently, the gold price stands at $2,026, reflecting a 0.15% gain for the day.
⭐️ Personal comments NOVA:
It is still a nice DOWN trend according to the H1 chart frame, trading below the EMA makes the trend even clearer. CPI data at the beginning of the year creates prosperity for the US economy
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2015 - $2013 SL $2010 scalping
TP1: $2019
TP2: $2025
TP3: $2032
🔥BUY GOLD zone: $2000 - $2002 SL $1995
TP1: $2010
TP2: $2020
TP3: $2030
🔥SELL GOLD zone: $2037 - $2039 SL $2045
TP1: $2034
TP2: $2028
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
USD/ CHF !! 1/9/2024 trendline DOWN⭐️ Smart investment, Strong finance
⭐️ News
Investors will be looking for guidance from the Swiss Consumer Price Index for December, which is scheduled to be released later today. Analysts expect the annual CPI to indicate a growth of 1.5% compared to the previous reading of 1.4%, while the monthly CPI is predicted to remain unchanged at -0.2%.
The main event to watch out for this week will be the release of US inflation data on Thursday. Market participants anticipate that the headline Consumer Price Index (CPI) will show a year-on-year increase of 3.2%, while the Core CPI is projected to decrease from 4% to 3.8% year-on-year.
⭐️ Personal comments NOVA:
The price area touching the trendline and touching the EMA is suitable for a SELL signal
⭐️ SET UP USD/CHF PRICE:
🔥SELL zone: 0.84750 - 0.84900 SL 0.85300
TP1: 0.84400
TP2: 0.84100
TP3: 0.83800
⭐️ 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 2 by 1 RR trade BTC hourlyTS + FVG set up for a roll down.
IFKYK -
All fair warnings
Trades will lose - not all are winners.. lets see if we get it - you are here. you are a trader. Assume you know how to eval your own risk and you and only you decide if you gonna push that button on the Demo acct.
Never recommend live trading here.
EURJPY H4 / TRADE ANALYSIS, LONG OPPORTUNITY 📈 Hello Traders!
This is my idea related to EURJPY H4. I expect a retracement until the resistance level at the price of 154.000 and after that a Bullish move until the price of 158.400.
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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$SPCE bottom, upward trend entering sideways movement. NYSE:SPCE Bottom was confirmed at $1.38. There is a clear short-term upward trend that can be identified based on the higher highs and higher lows.
For this trade, we assume NYSE:SPCE enters a consolidation phase with sideways movement.
Short at $2.72
Long at $2.35
IWM - Russell 2000 - SHORT (Wyckoff Re-Distribution)IWM looks to be reaching the UTAD stage of a Wyckoff Re-distribution schematic.
Lowering volume in the lead up to UTAD provides confluence to the idea. Expecting price to return to linear regression trend line around 120. Price could extend further, but I expect we are nearing the top of this rally and a sharp correction in 2024.
Take profit level of 120 coincides with a fibo extension of 1.618, so further confluence there.
Markets are overinflated and this move would revert price back to the long term mean.
SCALPING !! 12/28/23 test the corrective wave rhythm⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) experienced slight downward pressure on Thursday following its recent three-week high. The valuable metal gave up some of its gains as investors took profits after a significant rally over the past two weeks. This occurred as the cost of holding the non-interest-bearing metal increased due to the recovery of US Treasury yields.
⭐️ Personal comments NOVA:
Based on today's correction, test the price trend at 2085 and signal SELL
⭐️ SET UP GOLD PRICE:
🔥SELL GOLD zone: $2085 - $2087 SL $2090 Scalping
TP1: $2080
TP2: $2075
TP3: $2070
⭐️ 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! Set up the SELL signal at the resistance zone⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The end of important economic news last week was beneficial for Gold, helping the Gold price this week to stabilize sideways in the H1 frame.
⭐️ Personal comments NOVA:
Gold price has a great possibility of continuing to stabilize the price above the $2050 area
⭐️ SET UP GOLD PRICE:
🔥SELL GOLD zone: $2065 - $2067 SL $2070 Scalping
TP1: $2062
TP2: $2058
TP3: $2053
⭐️ 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
💰📉 Zodiac's Influence: Gold Eyes $1850, Plummets to $1630 🌟🎯On December 22nd, there was a change in the Zodiac sign which revealed the manipulative tactics of the market makers. They artificially inflated the market by luring unsuspecting investors into thinking the market was bullish, thereby creating liquidity. However, by the end of the day, their true intentions were exposed as the price of gold sharply dropped, rejecting the high of $2070.
See 22nd December 2023 Analysis here:
By just holding above $2070, the game would have been completely different, and the setup could have turned out to be highly bullish. It's amazing how such a small decision could have such a huge impact on the outcome.
Why is Friday’s close important?
It is significant on the Zodiac calendar and can create a strong trend in either direction for multiple days.
Gold 1hr chart: Rejection on the 1hr chart
Based on the latest market analysis, it is highly likely that we will experience a bear market that will last for several days or even weeks into the new year. It is important to take this information into consideration when making any financial decisions to ensure that you are well-prepared and have a solid strategy in place. Don't let this news discourage you, instead, use it as an opportunity to assess your current investments and make any necessary adjustments to position yourself for success in the long run.
Target 1: $1850
Target 2: $1630
How do I trade this?
Let me tell you a story:
The Parable of the Ten Virgins
1 “At that time the kingdom of heaven will be like ten virgins who took their lamps and went out to meet the bridegroom. 2 Five of them were foolish and five were wise. 3 The foolish ones took their lamps but did not take any oil with them. 4 The wise ones, however, took oil in jars along with their lamps. 5 The bridegroom was a long time in coming, and they all became drowsy and fell asleep.
6 “At midnight the cry rang out: ‘Here’s the bridegroom! Come out to meet him!’
7 “Then all the virgins woke up and trimmed their lamps. 8 The foolish ones said to the wise, ‘Give us some of your oil; our lamps are going out.’
9 “‘No,’ they replied, ‘there may not be enough for both us and you. Instead, go to those who sell oil and buy some for yourselves.’
10 “But while they were on their way to buy the oil, the bridegroom arrived. The virgins who were ready went in with him to the wedding banquet. And the door was shut.
11 “Later the others also came. ‘Lord, Lord,’ they said, ‘open the door for us!’
12 “But he replied, ‘Truly I tell you, I don’t know you.’
13 “Therefore keep watch, because you do not know the day or the hour. Matthew 25:1-13
Lesson:
1. All the virgins knew that the bridegroom would come, but some still failed to meet him.
Meaning: While it is possible to analyze market conditions and forecast the direction in which they are likely to move, it is important to remember that this alone does not ensure profitability.
2. Only the wise virgins who planned and prepared for whatever scenario happened were able to meet the bridegroom.
This means that only traders who plan and prepare for whatever scenario plays out on their way to the target will benefit from it.
I will stop here and not go further, I personally do not day trade. I am a swing trader and I am taking this trade under proper risk management. It’s not in my position to tell you how you take your trade.