Investors Brace for Key CPI Data That Could Impact MarketsGold is currently trading in a sideways range between $2,470 and $2,532, as it consolidates after reaching its yearly highs. The market is awaiting key U.S. inflation data, which is expected to determine the future price movement of gold. If the data indicates lower inflation, it could strengthen gold and push prices beyond $2,532. Conversely, higher inflation might lead to a stronger dollar, putting pressure on gold and potentially driving it below $2,470
Shortposition
EUR/USD short on weekly chart
Stop Loss = 1.14925
Entry Order = 1.10425
TP1 = 1.05925
Two positions with the same stop loss and x1 target for the first position
The stop loss of the second position to breakeven when the first position hits the target1.
The second position has no target, only exit
Risk= 2% of account capital (1% each position)
BHARAT ELECTRONICS in my Watchlist! Big Short Setup FormingBHARAT ELECTRONICS in my Watchlist! Big Short Setup Forming
The last long trade from 12 April, 2023 is at its reversal point giving us a 170 gains in 518 days.
If today's 1D candle turns red, this could be a good short entry for long term traders and swing traders in 1D time frame.
I will update this trade post 3:30 if this candle turns red and confirms a Short trade.
Let's see how it goes from here.
DYOR before following other's trades blindly.
XAU ! NF ! decision for the market to fall sharplyXAU / USD trend forecast September 6, 2024
The ADP National Employment Report released Thursday showed that US private-sector jobs increased by 99,000 in August, the smallest rise since January 2021, missing the forecast of 145,000. July’s figure was also revised down to 111,000 from 122,000. Additionally, job openings fell to 7.673 million in July, a three-and-a-half-year low, indicating a weakening labor market.
Sideway below 2500 is a good signal for Gold in the near future, waiting for interest rate cut in September 2024
Based on H4, resistance and EMA 200 line to set up SELL signal
/// SELL XAU : zone 2528-2531
SL: 2536
TP: 50 - 150 - 300 pips (2501)
Safe and profitable trading
$TONUSDT cannot escape this trap.After the arrest of Pavel Durov, CEO of Telegram, CRYPTOCAP:TON is enduring a bearish movement.
During the past hours CRYPTOCAP:TON managed to escape the bearish trend and started showing signs that it will reach $5.
After touching $4,9 he dropped again to $4,79 getting inside the upper level of Fibonacci which is $4,81. As it has entered this level I believe we are going to see more shorts till we reach $4,67 where we will need to re-evaluate the market.
Gold price tends to decrease - sellers try to prevail⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices rebounded from multi-day lows on Wednesday but stayed under the $2,500 mark as the US Dollar gained strength. Despite this, ongoing geopolitical tensions and expected Fed rate cuts could support gold in the near term.
Later in the day, the release of JOLTS Job Openings and the Fed's Beige Book will be closely watched. Investors are eagerly awaiting Friday's US August Nonfarm Payrolls report, which could influence the Fed's rate decisions in September. A weaker-than-expected report might heighten recession fears and prompt faster rate cuts, potentially boosting gold further as lower rates make it more attractive.
⭐️ Personal comments NOVA:
Gold broke 2500, fell back to 2470 after yesterday's PMI news, moving in the short-term H1 downtrend.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2462 - $2460 SL $2455
TP1: $2470
TP2: $2480
TP3: $2490
🔥SELL GOLD zone: $2505 - $2507 SL $2510 scalping
TP1: $2500
TP2: $2495
TP3: $2490
🔥SELL GOLD zone: $2513 - $2515 SL $2520
TP1: $2500
TP2: $2485
TP3: $2470
⭐️ 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
We are in SHORT UK100Team, this morning we were waiting patiently for the UK to hit our short position. We are now entering the short positon at 9394.60
STOP LOSS at 8420.10
Target 1 at 8378.60 once it hit the target, trail your stop loss toward the entry short position.
Take some partial profit
then target 2 8362.60
and then 8352.80
Gold Spot / U.S. Dollar | Short Position | 15mfor time being, we can take 15m sell position when there is a clear confirmation
15m : Took local inducement with 15m bearish confirmation
1m : OF mitigated with bearish confirmation , took bearish market order entry
Target :
15m sell-side lq spot
15m sell-side valid inducement point
Gold Spot / U.S. Dollar | Entry 2 : Short Position15m : Supply zone mitigated
1m : Took short position after 1m bearish confirmation
Note :
Enter any position only during kill zones
After the market enters a non-kill zone area, trail your stop loss to the entry point or the nearest mitigated order flow level
Gold Spot / U.S. Dollar | Selling Opportunity | 15m Time FrameDay Time Frame Analysis : Check the related idea tagged below.
15m: Wait for a buy-side liquidity sweep in any kill zone, then take a short position followed by a 1-minute bearish confirmation.
In the meantime, if there is any strong sell-side liquidity sweep in any kill zone, take a long position for the time being, followed by a 1-minute bullish confirmation.
SOLUSDT, Sat 03 Aug, Updated 3 !The Sol Price Action in Weekend!
There are many News on US Market Yesterday!
Today Is Saturday but the market is open and Trading!
What I see in Market of Sol till now, I expected:
We can have Long Position in NY Session (Maybe & Maybe)
But I looking for Big short Position; when the price will hit the "Buyside"
And when I get confirmation from BTC Price Action.
The BTC must hit its "Buyside" first.
There are few "FVG" `s sit on FIBO`s Levels.
Which FVG will be respected By Price?
Then We can get Big short Again!
Happy Weekend!
SOLUSDT, Thu 01 Aug, Updated 1!A new analysis on price action Solana!
In the daily candle, the price of Sol decreased from April 1 to April 13.
A sharp and relatively quick downward movement from the price of 203 to 112.
Then it went up and fell again to the price of 118 and from there it went up to 189 (May 21).
The price of 176 is the buy stop line, which was broken by this upward movement.
But it didn't reach the price of 192 (red FVG) and then it went down again.
Of course, after touching the price of 176, the price went down and continued until June 24.
It went up a bit and reached the price of 121 again (July 5) and the price went up until the 29th of July and the FVJ touched the upper red color.
It is the fourth day that the price has been bearish, an FVG has been formed between the second and fourth day.
Result:
Regardless of what levels of Fibonacci the price touches (32, 50 or 62%), but the price will definitely return to the FVG (between the second and fourth day) and you can get a good High profitably short!
This is not a buy or sell or trade offer, this is just an analysis and an idea!