Scalping XAU! 28/11 Accumulate price range⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
There appears to be limited potential for any significant downward movement in the price of Gold, as it is increasingly recognized that the Federal Reserve (Fed) has concluded its efforts to tighten monetary policy. Additionally, the markets have already factored in the likelihood of multiple interest rate cuts in 2024. As a result, US bond yields and the value of the US dollar are expected to remain restrained. Furthermore, concerns regarding a global economic downturn and a generally weaker performance in European stock markets should provide some support for the safe-haven appeal of precious metals. Considering these factors, bearish traders should exercise caution ahead of the release of important inflation data from the US this week.
⭐️ Personal comments NOVA:
The price is still accumulating sideways before continuing to overcome the 2020 resistance area
⭐️ SET UP GOLD PRICE:
🔥SELL GOLD zone: $2016 - $2018 SL $2021
TP1: $2012
TP2: $2008
TP3: $2005
⭐️ 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
Sellsignal
$EURUSD Correction ImminentFX:EURUSD has been navigating sideways since January amid economic challenges, rising interest rates, and Western economic uncertainties.
Approaching yearly resistance at 1.10806, a rebound towards 1.05335 support is expected. By the end of the first financial quarter, a breakthrough of yearly resistance is anticipated, solidifying new support.
This aligns with expectations of improved global financial conditions and a revival of consumer confidence.
#ForexAnalysis #EURUSD #FinancialMarkets #EconomicOutlook #TradingStrategy #MarketTrends #GlobalFinance #CurrencyPairs #YearlyResistance #SupportLevels #ConsumerConfidence #FinanceNews
Slight adjust today, still in an uptrend⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) is attracting buyers and has surpassed the $2,000 mark in the early hours of Asian trading on Wednesday. This increase in demand for the precious metal is driven by the decline in US Treasury bond yields and the weakening of the US dollar (USD).
According to the minutes of the November Federal Open Market Committee (FOMC) meeting, all participants agreed that policy decisions would continue to be based on the complete set of incoming information. They also deemed it appropriate to maintain the target interest rate within the range of 5.25% to 5.5%.
⭐️ Personal comments NOVA:
After yesterday's strong price increase, surpassing the 2000 mark. Prices will tend to adjust slightly to gain liquidity before continuing to a new peak this year.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $1980 - $1982 SL $1975
TP1: $1990
TP2: $2000
TP3: $2010
🔥SELL GOLD zone: $2015 - $2017 SL $2023
TP1: $2008
TP2: $2000
TP3: $1990
⭐️ 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
#XAUUSD #GOLDPossible scenario.
The current return wave is sharp.
In the daily time, gold is in its 3rd rising wave.
But the last piece is considered to be able to move 5 waves, and in this wave we should see a sharper structure.
We are the last piece in wave 2. If this current correction is temporary, wave 4 will show itself in price and vice versa.
Therefore, in corrections, we should seek confirmation of the return of wave 3 out of 3.
Finally, I expect it to form a higher or lower floor in the yellow box and return for wave 3, whose target can be 2000-2012-2022 to 2028 and...
Also, if it breaks the yellow box, I will update the scenario again. Because it may either move up to the area of 1945 or hit the previous floor.
Finally, for the time being, you should seek to confirm the position of the cell.
If the behavior and structure of the post changes, it will be updated.
Supply | Short BiasOn day chart
Render Token hit Supply Zone that is also the 2.0 Fibo Channel in my last idea.
First sign, RNDR failed at 2.6 and can pull back to Support around 2 this zone is good to join
You can trade on lower TF
Wait for next move
Resistance Zone, can be reversedLast idea
On 4H TF
The first candle has rejected #Resistance. This Resistance is supported by Descending Trend Line and Previous High
I found a #FairValueGap around 0.287 and Support Zone around 0.26 by Ascending Trend Line and Fibo Clusters
I think Fantom can be reversed if it can break this resistance
Wait for next move
gbpaud sell signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Short Opportunity for EUR/USD with Alternative Bullish ScenarioThe EUR/USD trading pair is currently under analysis, presenting a potential short trade opportunity if the price breaks below the previous day's low at 1.07057 . In this scenario, a downtrend could be signaled, with the next target at the 4-hour support level of 1.06668 . For a safer entry, traders are advised to wait for a retest of the 1.07057 leve l and enter the trade after confirmation of resistance. Place a stop-loss order above the retested resistance level to limit potential losses, and set the take-profit order just above the 4-hour support level. Ensure a favorable risk-reward ratio and align position sizing with your risk tolerance. A comprehensive trading plan, including risk management strategies, is essential. This trade offers a potential 40-pip profit if executed correctly.
Alternatively, if the price does not break below the previous day's low and shows a bullish bias, it may target the 4-hour resistance level at 1.07317 , offering a potential 26-pip gain. Traders should monitor price action carefully and consider bullish entry signals if the market exhibits strength in this scenario.
Please remember that trading involves risks, and this idea is not financial advice. Conduct your own research, consider your risk tolerance, and consult with a professional financial advisor if necessary.
AUD/NZD ↘️ Sell Trade Setup ↘️Hello Everyone 🙋🏽♂️
🔴 1.09135
🟢 1.08550
We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone,
manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $.
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Best Regard / EMA Trading .
Disclaimer:
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It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market .