Shortsetup
Gold price continues to have selling pressure - DOWN✍️ NOVA hello everyone, Let's comment on gold price next week from 5/6 - 5/11/2024
🔥 World situation:
Gold's initial gains were wiped out on Friday due to disappointing Nonfarm Payrolls data from the US Bureau of Labor Statistics, indicating a slower jobs market. Despite briefly nearing a daily high of $2,310, it didn't surpass May 2’s high of $2,326 and retreated to current spot prices. The XAU/USD remains stable at around $2,300. Optimism on Wall Street diminishes the appeal of gold as a safe-haven asset. Notably, US Treasury yields and real yields are declining, affecting gold prices inversely.
🔥 Identify:
During Gold's correction - there is a lot of selling pressure. The Fed's interest rate is not too surprising. There will not be much fluctuation this week, mainly sideways in the DOWN trend
🔥 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: $2347, $2400
Support : $2272, $2237, $2205
🔥 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
NZD/USD Daily ChartThis is my first time really marking up a chart. My analysis is based off ICT's 2022 Mentorship principals. Only time will tell if my analysis was right. Please feel free to chime in. FYI... Yes, I did drill down into lower timeframe.
BTC - Lower Entry on my Previous Mega Short IdeaHere is details for a reentry on my short plan for Bitcoin.
All details and explanations in my previous posts.
GOLD Sell IdeaTVC:GOLD has broken major support areas and is not trending downwards, forming a series of Lower Lows and Lower Highs. Currently, the price is in discounted range where we can look for selling opportunities.
NIFTY to shed 3000 pointsAs per neowave analysis wave D is to unfold its mega wave ''C''
wave A and B are Flat to reach the 1.618 of previous wave
today this will happen ,from next week onwards you can see the ABYSS
All important levels are given in the chart, trade accordingly.
This is as per wave theory, real time application into trade is on your risk
NHPC LTD - STOCK BREAKOUT FOR SWING TRADING#NHPC
STOCK ENTRY FOR SWING TRADING
Entry - 100
SL - 86
Targets - 115, 135
@Jagadheesh_JP
HFCL STOCK FOR SWING TRADING#HFCL
STOCK FOR SWING TRADING
Entry Price - 101 or CMP
SL - 95
Targets - 118, 135
@Jagadheesh_JP
Short EURUSDI see that price will down after pulls backing on this Supply Zonne
PS: there is high news on New York Session
CHFJPYCHFJPY is in strong bearish trend.
As the market is consistently printing new LLs and LHs.
currently the market is retracing a bit after last LL, which is 50% Fib retracement level and local support as well. if the market successfully sustain this selling confluence the next leg lower could go for new LL.
What you guys think of this idea?
eurusd shortDear friends and companions:
My technical analysis is based on trend line and also smart money.
A suitable point for sale with r/r=5
At the same time, there is a possibility of an increase in the American interest rate and the strength of the dollar. So I will only sell
GBPUSD POTENTIAL SELLSGU is at a daily AOI and to the left, within the AOI is some juicy price action. watching price slow down and give confirmations on LTF would be ideal.
#gbpusd
Caution: Expect FI (Fiserv) to Sell OffThe fundamentals are looking great for FI no denying that. However, we have a text book 4th wave triangle you can see on the chart then with a thrust into a 5th wave. We have met the measured target of Wave A of the triangle = Wave 5. It's also interested to note a lot of top insiders have been selling at these prices. Also, not shown is monthly divergence, which is expected in a 5th wave. Expect prices to move to at least below Wave 4 around $109 or lower. Once a wave A sell off happens we can project for a wave C projection before prices could move up.
FOMC - ADP NF Gold price fluctuated strongly today⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) slightly increases to $2,288 during the Asian session on Wednesday. This is due to cautious market sentiment ahead of the Federal Reserve's monetary policy meeting. The US ISM Manufacturing PMI and ADP Employment Change will be released later in the day.
⭐️ Personal comments NOVA:
Gold price is completing a DOWN correction. Today with many important economic data such as: PMI, ADP - NF and FOMC will determine the Gold price trend in early May until 2024.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2260 - $2262 SL $2255
TP1: $2270
TP2: $2278
TP3: $2285
🔥SELL GOLD zone: $2324 - $2326 SL $2330
TP1: $2310
TP2: $2295
TP3: $2280
⭐️ 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 GETRA short at 0.2889 to 0.2595 with the necessary risk management will bring a 10.17%+ return
#1000BONK/USDT SHORT ENTRY#1000BONK/USDT SHORT ENTRY
Leverage: 3x
Entries: $0.023758
Take profit 1: $0.022642
Take profit 2: $0.020113
Take profit 3: $0.015185
Stop Loss: $0.026807
NOTE: This is just my prediction. Be sure to use STOPLOSS and remember that I am not a financial adviser. your money, your risk!
Thanks
The sroced. BINANCE:1000BONKUSDT.P
