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Gold's prosperity at the end of January 2024!! XAU✍️ NOVA hello everyone, Let's comment on gold price next week from 22/1 - 26/1/2024 🔥 Identify: The prosperity at the end of January 2024, political and military tensions in the US economy helped Gold prices recover slightly, but not for long. Next week, important economic data such as PMI, GDP... can continue to help Gold prices recover further before falling to sideways accumulation. 🔥 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: $2038, $2056 Support : $2002, $1976 🔥 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
EURAUD - Look for Continuation Short 1:5! Building upon the previous analysis of EURAUD as shared in the link: The recent price action indicates a ranging phase before a potential break of the previously identified Monthly Support Level. Considering the principle that larger time frames involve longer accumulation phases before transitioning into trending phases, it seems plausible that a downtrend may be in the making. The two strong rejections and the formation of a Double Top Chart Pattern, a reversal pattern, support this observation. In navigating this scenario, exercise patience and adopt a waiting approach for the price to convincingly break the monthly support. Seek confirmation through a strong breakout with a closed body and be vigilant for the crucial retest phase before considering any moves. Given the onset of a new Yearly Candle, it's advisable to allow the price to establish its own structures, especially after most investors have positioned their orders. Stay tuned for further developments.
Short
by S-Fx_
2
Prices continue to DECREASE during the week! XAU ⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is moving within a limited range during the Asian session on Friday and continues to stay close to a low point reached earlier this week, around the psychological level of $2,000. The Middle East is experiencing heightened geopolitical tensions as Pakistan conducted retaliatory airstrikes inside Iran on Thursday. Additionally, clashes between the US and Houthi forces in the Red Sea, coupled with ongoing concerns about China's weak economy, provide support for the safe-haven status of gold. ⭐️ Personal comments NOVA: Following the DOWN trend of Gold, US economic data is also supporting that ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $1993 - $1995 SL $1985 TP1: $2002 TP2: $2010 TP3: $2020 🔥SELL GOLD zone: $2033 - $2035 SL $2040 TP1: $2027 TP2: $2020 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
OANDA:XAUUSDShort
by Nova-Scalper
7
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
Short
by Nova-Scalper
6
Strong SELLING PRESSURE can cause Gold price to fall to 2002area⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Federal Reserve (Fed) Governor Christopher Waller stated on Tuesday that the Fed has the ability to decrease the target range for the federal funds rate in the upcoming year. Waller emphasized the importance of gradually and cautiously reducing the rates once the appropriate time arrives. Based on the CME FedWatch tool, market indicators suggest a 67% probability that the Federal Open Market Committee (FOMC) will initiate rate cuts in March. However, following Waller's remarks, traders adjusted their expectations from seven cuts in 2024 to six. ⭐️ Personal comments NOVA: After last night's decline, Gold prices showed strong selling pressure, trading below the EMA lines, with an unclear trend, continuing a wide sideways range above the $2000 range. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2000 - $2002 SL $1995 TP1: $2010 TP2: $2025 TP3: $2040 🔥SELL GOLD zone: $2039 - $2041 SL $2047 TP1: $2030 TP2: $2022 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
OANDA:XAUUSDShort
by Nova-Scalper
5
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
Short
by Nova-Scalper
5
Gold melting a little?In the final days in December gold's strength has started to weaken. Wednesday December 27th 2023 is the last high we saw gold peaking around 2088.41. A massive and consistent downtrend has come right after that with a clear formulated structure with lower-low's and lower-high's. Monday January 08th 2024 is when we saw a pull-back and momentum revitalize it's self with going stabilizing itself seeing more stride with it's price trying to gain value back to the upside. Yesterday Tuesday January 9th 2024 during New York session it's seemly lost it's momentum but we can see that Monday's New York session has made clean traffic with price to the upside which in turn will be great for pin pointing where gold will go. *** KEY ANALYSIS *** I'm looking for GOLD to break and CLOSE under 2023.83 on a 30M time frame. This will confirm more of a downtrend considering the clean traffic and move up from Monday New York session that had alot of volume -- Close under my zone at 2023.83 Target 120 pts on candle break and close. Stops: anywhere above opposite side of the zone at 2027.43
FXOPEN:XAUUSDShort
by Trellz_
1
GBP/ JPY ! 10/1/2024 GBP bad news today⭐️Smart investment, Strong finance ⭐️Personal comments NOVA: The price is approaching the nearest resistance zone, GBP news is also not positive today. Set up SELL signal ⭐️SET UP GBP/JPY PRICE: 🔥SELL zone: 184.000 - 184.200 SL 184.500 TP1: 183.700 TP2: 183.400 TP3: 183.000 ⭐️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
6
Has the Gold price finished adjusting DOWN yet?⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Despite the early Asian session rebound of the US Dollar (USD), the price of gold (XAU/USD) remains in positive territory. The demand for the Greenback has been strengthened by the better-than-anticipated US labor data from Friday. However, the upcoming inflation data for this week will hold significant importance. Currently, the gold price is trading at $2,045, registering a 0.06% gain for the day. ⭐️ Personal comments NOVA: At the end of last week's trading session, Gold prices had a certain recovery. But NOVA thinks Gold's DOWN correction has not ended, selling pressure is still there ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2030 - $2032 SL $2024 TP1: $2038 TP2: $2045 TP3: $2058 🔥SELL GOLD zone: $2058 - $2056 SL $2065 TP1: $2050 TP2: $2042 TP3: $2032 ⭐️ 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
DOWN adjustment rhythm for UP wave⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Thursday saw an increase in Initial Jobless Claims in the United States, reaching 218,000 for the week ending December 23. This exceeded the market's prediction of 210,000. Continuing Claims also rose to 1.875 million, marking the highest level in four weeks. Additionally, November's Pending Home Sales remained unchanged, failing to meet the market's expectation of a 1% increase. Looking ahead, gold traders will be closely monitoring the release of the Chicago Purchasing Managers' Index for December on Friday. However, given that traders are entering holiday mode as they approach 2024, this data may not prompt immediate action. ⭐️ Personal comments NOVA: After the price reached the 2090 area, it reached a new peak in the last 3 weeks. Prices have been adjusted DOWN to create more liquidity for the market ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2053 - $2055 SL $2045 TP1: $2062 TP2: $2075 TP3: $2090 🔥BUY GOLD zone: $2032 - $2034 SL $2025 TP1: $2042 TP2: $2050 TP3: $2062 Note two more Scalping support zones: 2057 - 2059 and 2046-2047 ⭐️ 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
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
OANDA:XAUUSDShort
by Nova-Scalper
2
GBPUSD WEEKLY ANALYSIS SELL OPPORTUNITY Complement of the season to you all. I guess this will be my last analysis for this year, i believe this year was a wonderful year to many traders, if this year was not good for you i want you to put a smile on your face because i gate something nice for you on GBPUSD going to next year. The chart 📉 before you is GBPUSD WEEKLY chart you will clearly see that wave 1 and 2 is formed already waiting for the wave 2 complete then start the wave 3. The wave 3 is the longest and the sweet wave to make easy money 🤑🤑 so I want you to put this pair on your watch list and let make money together next year. Happy new in Advance 🎄🎇🎇🎇🤗
Short
by FAVA-FX
2