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Sideway accumulation - XAU around 2500⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) dipped on Tuesday as the US Dollar showed modest recovery. However, Jerome Powell’s hint at Jackson Hole about potential rate cuts could lend support to the precious metal, as lower interest rates make gold more attractive. Rising tensions in the Middle East may also boost gold’s appeal as a safe haven. China's central bank (PBOC) paused gold purchases for the third consecutive month in July, raising concerns. Traders are eyeing August data for new clues, but worries over China's sluggish economy and declining demand for precious metals could weigh on gold prices. On Tuesday, the US will release its Consumer Confidence and Housing Price Index data, with the focus later in the week on GDP and PCE figures. ⭐️ Personal comments NOVA: Gold price is still in an Uptrend in the long term, still needs additional sideways accumulation to create force to reach a new higher ATH. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2494 - $2496 SL $2491 scalping TP1: $2502 TP2: $2508 TP3: $2515 🔥BUY GOLD zone: $2484 - $2486 SL $2479 TP1: $2495 TP2: $2502 TP3: $2520 🔥SELL GOLD zone: $2545 - $2547 SL $2552 TP1: $2538 TP2: $2530 TP3: $2520 ⭐️ 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
USDJPY 1H Big Push-Down is Coming !?!? USDJPY 1H local trend might start pushing down alongside with the strong down-trend at higher timeframes, after the green 1H supply zone has been reached today. For that to happen, we need a downward confirmation signal Break of Structure(BOS) to emerge first, which is at level 144.229. Two rough scenarios have been drawn on the chart, we need to be patient for the BOS in order to seek Short opportunities later on. This push can potentially go to the Daily low targets at 141.684 or 140.249 (seen clearly on Daily chart). The "Caution Level" at roughly 145.645 indicates a potential trend reversal signal once it's broken, new USDJPY analysis will be made at the time.
Short
by ForextWaveTrading
2
CHANGE OF CHARACTER + RETEST = BIG SELLHello everyone, hope we are all doing okay ! Just as the heading of this setup states, price Just changed character and is currently retesting the Order block it sold to this point from. I'u be expecting sells during London session tomorrow after I've gotten proper confirmation... Just bringing this setup to your attention in case you're monitoring other pairs. Don't forget to use proper risk and money management before taking any trades.
Short
by LaBOSS_FX
1
NTFLX - Waiting For Key Level TestAs the titles implies, NETFLIX is waiting for a KEY LEVEL TEST before making large moves. It has recently broke through several ranges to the BUY SIDE, showing it has lots of BULLISH movement. This can be seen with the LARGE VOLUME BULLISH CANDLES that followed after hitting one of the SUPPORT LEVELS, where it created high volume with NO RANGES, further proving it's high volume of buys. What I'm looking for now is a retest of the resistance level where i'd like to see large volume SELL SIDE, or a bounce off the SUPPORT level, where I would look to exercise buy positions
NASDAQ:NFLX
by I3ig_Trades
PMI - revised, cumulative below 2500 ! XAU / USD ⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) held firm above the $2,500 mark during the Asian session on Thursday, staying near the record high reached earlier this week. On Wednesday, data revealed that US job growth over the past year was weaker than initially estimated, and the July FOMC meeting minutes showed that several officials supported an immediate rate cut. This strengthened expectations for the Fed to start easing its policy in September, which pushed the US Dollar (USD) to a new low for the year and provided a boost to gold. Investors are now seeking more clarity on whether the weaker US labor market might justify a larger rate cut next month. This makes Fed Chair Jerome Powell's upcoming speech at the Jackson Hole Symposium crucial for influencing the USD and gold's direction. Meanwhile, the risk-on sentiment is capping further gains for gold, though ongoing tensions between Israel and Hamas could limit any downside. Traders are also keeping an eye on global PMIs and US macro data for short-term opportunities. ⭐️ Personal comments NOVA: almost 100% sure, in September 2024 the FED will cut interest rates, the sentiment is very optimistic about the market. Before the price continues to create ATH, it is necessary to get more liquidity in the area below 2450 - 2500 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2477 - $2475 SL $2470 TP1: $2485 TP2: $2500 TP3: $2510 🔥SELL GOLD zone: $2510 - $2512 SL $2516 scalping TP1: $2505 TP2: $2500 TP3: $2490 🔥SELL GOLD zone: $2550 - $2552 SL $2557 TP1: $2540 TP2: $2530 TP3: $2520 ⭐️ 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
20
XAU officially adjusted! Short term decrease⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) found support during the Asian session on Friday, rebounding from the weekly low hit the day before. The expectation that the Federal Reserve (Fed) will begin cutting interest rates in September is weighing on the US Dollar (USD), despite its recent recovery from a yearly low. This, along with ongoing geopolitical tensions, continues to boost demand for the safe-haven metal. However, gold remains below the $2,500 mark as traders await Fed Chair Jerome Powell's speech at the Jackson Hole Symposium for more clarity on the rate-cut outlook, which could drive the next move. Additionally, developments in Israel-Hamas ceasefire talks will likely influence the short-term direction of XAU/USD, which is on track for modest weekly losses. ⭐️ Personal comments NOVA: Gold makes ATH 2531 correction is required to bring more liquidity, balance buyers and sellers in the market, before receiving the first interest rate cut in September 2024 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2462 - $2460 SL $2457 scalping TP1: $2468 TP2: $2473 TP3: $2480 🔥BUY GOLD zone: $2439 - $2441 SL $2434 TP1: $2450 TP2: $2465 TP3: $2480 🔥SELL GOLD zone: $2500 - $2498 SL $2505 TP1: $2490 TP2: $2480 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
OANDA:XAUUSDShort
by Nova-Scalper
7
SPX Technical Analysis BreakdownHere is my technical breakdown of SPX on the 4 HOUR time frame... We started the month of May with an up-trend trend line bounce on a key support level which saw SPX climb slightly passed the support zone to surpass another key zone After this climb, we saw it accumulating in a RANGE from 14th May - 29th May, where it eventually broke to the downside. Normally this is a trade we would enter as it's a big volume range break, however, it broke downwards to touch a key support zone. In my experience this is NOT a trade worth taking as they are opposite confirmations. Later in July we finally got the RANGE trade we were looking for, when 17th June - 5th July we saw it's ACCUMULATING RANGE break with large volume to the UPSIDE. This trend was worth entering as it was heading towards a key resistance area, a great place to exercise your exit strategy. Once SPX hit the key resistance zone it bounced off and formed a downward trend line that would also be hit later down the line, confirming its relevance. When SPX hit the resistance line it found plenty of BULL TRADERS on the key SUPPORT level and bounced back up to touch the key RESISTANCE level on 20th AUGUST, where once again it touched the downward trend line. WHAT TO LOOK FOR NOW - I'm watching to see if SPX enters the resistance zone and breaks the trend-line and exits the zone, that's two confirmations for an uptrend which makes me confident in the long trade. On the other side, i'm waiting for the trend to retest key support zones where I will be waiting for a key zone breakout or bounce back to the resistance level.
SP:SPX
by I3ig_Trades
ZM - Pandemic Era ShortShort Position on Zoom 2019 was a memorable year, highlighting our deep desire for connection in a world of hyper-connectivity via the internet. Reflecting on the pandemic-era stock market, Zoom stands out as a company that experienced exponential growth. However, it is rare for a business to dominate a single sector without diversifying into different segments or niches. For instance, Microsoft excels in multiple areas, including computers, government contracts, tangible assets, partnerships, Office, and a reputable brand, which arguably justifies another decade of growth due to its brand value alone. In contrast, Zoom, often referred to as a “pandemic darling,” has clients and appears poised for growth. However, it faces intense competition for market share from WebEx, Microsoft Teams, BlueJeans, Skype, and Cisco. The video conferencing space is highly saturated, raising the question of what makes Zoom’s stock so valuable. Given the current market sentiment, I propose a short position on Zoom. My strategy includes a stop loss at $65.50 to manage risk and a profit target at $50.00 for the long term. This approach leverages the competitive landscape and investor sentiment to capitalize on potential declines in Zoom’s stock price. STOP TGT - 65.50 PROFIT TGT I - 50.00 PROFIT TGT II - Sub 45.00 till bust
NASDAQ:ZMShort
by Ra_way
Breakout or breakdown? I'm SHORT here is whyHi fellow traders, In this idea I have drawn daily supply and demand zones, although the zones of interest exist out of large ranges I think the combination of approaching both a long- and short-term supply zone and a forming rising wedge we are looking at a rejection from the 1h supply zone level. I will wait on the lower timeframe to confirm the rejection, ideally have a bounce of the bottom of the rising wedge acting as resistance. What do you think? Are we going to breakdown or breakout? Happy trading ^^
Short
by Crypto21Official
REACHED ATH !! XAU accumulates waiting for FOMC today⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) hit a new record high around $2,531-$2,532 on Tuesday, driven by expectations that the Federal Reserve (Fed) will soon begin easing its policy. Markets are increasingly betting on a 25 basis point rate cut in September, boosting demand for gold. Dovish Fed expectations also pushed down US Treasury yields and weakened the US Dollar (USD), with the USD Index (DXY) dropping to a seven-month low, further supporting gold. Additionally, a slight pullback in US equity markets contributed to gold's rise. However, optimism about easing tensions in the Middle East limited further gains for XAU/USD. Investors remain cautious, waiting for Fed Chair Jerome Powell's speech at the Jackson Hole Symposium on Friday and the July FOMC meeting minutes for more clues on the Fed's policy direction, which will influence USD demand and gold's next move. ⭐️ Personal comments NOVA: Gold price reached ATH 2530 according to FIB H4, continue to accumulate and wait for FOMC data today, possibility of sideway, correction decrease ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2485 - $2487 SL $2480 TP1: $2495 TP2: $2503 TP3: $2510 🔥SELL GOLD zone: $2533 - $2535 SL $2540 TP1: $2520 TP2: $2505 TP3: $2480 ⭐️ 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
4
Monday - slight adjustment down XAU ⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) surged to a new record above the $2,500 mark on Friday, supported by several factors. The US Dollar (USD) faced renewed selling pressure, dropping near its lowest level since January, which boosted gold. Additionally, ongoing geopolitical risks from the Middle East conflicts and the prolonged Russia-Ukraine war further lifted the safe-haven metal. On Monday, easing recession fears in the US supported a risk-on sentiment, putting some pressure on gold during the Asian session. Traders are also cautious, waiting for more clarity on the Federal Reserve's (Fed) policy direction before making significant moves. Attention now turns to the release of the FOMC meeting minutes on Wednesday and Fed Chair Jerome Powell's speech at the Jackson Hole Symposium. ⭐️ Personal comments NOVA: Gold has made new progress in the price increase, over 25xx. The possibility of new ATH price zones appearing is very high, in the context of military tension and upcoming interest rate cuts. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2488 - $2490 SL $2485 scalping ( Asian and European trading sessions ) TP1: $2495 TP2: $2502 TP3: $2510 🔥BUY GOLD zone: $2474 - $2476 SL $2469 TP1: $2485 TP2: $2500 TP3: $2510 🔥SELL GOLD zone: $2530 - $2532 SL $2537 TP1: $2520 TP2: $2510 TP3: $2500 ⭐️ 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
10
Accumulating price zone - Gold has great momentum to increase⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) struggled to build on the previous day's gains, edging lower during Friday's Asian session. However, the downside appears limited. The positive mood in global equity markets is putting some pressure on the safe-haven metal. Even so, concerns about a potential Middle East conflict and expectations of an upcoming rate cut from the Federal Reserve (Fed) should help keep gold's losses in check. Dovish Fed expectations have led to a slight pullback in US Treasury yields, preventing the US Dollar (USD) from fully capitalizing on Thursday's strong US economic data. This supports gold prices. Despite the dip, XAU/USD is still on track for modest weekly gains as traders await US macro data, including Building Starts, Housing Permits, and the Preliminary Michigan Consumer Sentiment Index, for further cues. ⭐️ Personal comments NOVA: Gold price stuck in short-term sideways range 2425 - 2475, accumulating until September interest rate announcement ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2438 - $2436 SL $2433 scalping TP1: $2442 TP2: $2450 TP3: $2460 🔥BUY GOLD zone: $2424 - $2422 SL $2417 TP1: $2430 TP2: $2440 TP3: $2450 🔥SELL GOLD zone: $2498 - $2500 SL $2505 TP1: $2490 TP2: $2480 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
OANDA:XAUUSDShort
by Nova-Scalper
4