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XAU in correction range as it hits ATH 2600⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) gained traction during the Asian session on Thursday, breaking a two-day losing streak and halting the pullback from its recent record high. The US Dollar's recovery following the Federal Reserve meeting lost momentum after a brief rise, which supported renewed demand for gold. Additionally, concerns over potential economic slowdowns in both the US and China, along with escalating tensions in the Middle East, boosted the safe-haven appeal of gold. However, the Federal Reserve signaled a cautious approach to large interest rate cuts, leading to a rise in US Treasury yields, which may limit further gains for gold. Traders are now awaiting key US economic data, including Jobless Claims, the Philly Fed Manufacturing Index, and Existing Home Sales, for additional direction. ⭐️ Personal comments NOVA: Gold price completed the upward cycle reaching the expectation of $2,600 - within the H1 frame's downward cycle, moving within two H1 trend lines. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2531 - $2529 SL $2524 TP1: $2545 TP2: $2560 TP3: $2573 🔥SELL GOLD zone: $2575 - $2573 SL $2578 scalping TP1: $2568 TP2: $2560 TP3: $2550 🔥SELL GOLD zone: $2583 - $2585 SL $2590 TP1: $2570 TP2: $2560 TP3: $2550 ⭐️ 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
30
DOGS ShortDOGSUSDT is currently trading within a descending channel, indicating a bearish trend. This pattern suggests that the asset is experiencing downward momentum, with lower highs and lower lows. A break below the channel support could signal further downside potential. We should monitor key support levels for possible continuation of this bearish bias. It could rise for short term but there is resistance at 0.001170 that would push it down. Stop loss 4 hour close above 0.0013 would invalidate this idea. 📉 #DOGSUSDT #Crypto #Bearish"
Short
by cuteMoth17140
7
New ATH XAU above 2630 next week✍️ NOVA hello everyone, Let's comment on gold price next week from 9/23 - 9/27/2024 🔥 World situation: Gold prices surged past $2,600 to a new record high, fueled by expectations of further rate cuts from the Federal Reserve (Fed) and rising tensions between Israel and Hezbollah. XAU/USD is trading at $2,621, up 1.37%. Risk aversion is evident as Wall Street's major indices posted slight losses. Fed Governor Christopher Waller supported a 50-basis-point rate cut, expecting low August PCE inflation data. 🔥 Identify: FOMO to create new ATH for XAU is still very large - continue to expect higher price zones next week, before the market corrects again. New ATH target: 2643-2665 🔥 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: $2638, $2650, 2665 Support : $2584, $2558, 2529 🔥 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
1
XAUUSD Big Move Will be there? | 2h Analysis Hello, community! 👋 How are you all doing this week? I hope you’re ready for some insightful trading opportunities. Let's dive into the analysis for XAU/USD (gold), as it looks promising for a bearish trend. Market Overview This week, XAU/USD is presenting a potential bearish scenario. After observing the current market conditions and price action, I’ve identified a key resistance level at 2641. This level is critical for our bearish outlook, and I’ll explain the setup in detail. Key Levels Entry Level: 2641 First Target: 2603 Second Target: 2580 Third Target: 2547 Stop Loss: 100 pips above the entry (approximately 2741) Trading Strategy Entry Confirmation: Wait for a clear rejection (chock) at the 2641 level before entering the trade. This confirmation is crucial to ensure that the bearish momentum is established. Target Management: The first target is set at 2603, which is a realistic point to take partial profits. The second target at 2580 provides a further profit-taking opportunity as we approach the anticipated bearish trend. Finally, the third target is 2547, representing a solid point for potential further downside. Stop Loss Consideration: Place a stop loss 100 pips above the entry level, allowing for some volatility while protecting your capital. This positioning ensures that any unexpected bullish movement does not significantly impact your account. Conclusion In summary, the bearish outlook for XAU/USD appears favorable this week, with strategic entry and exit points. Remember to wait for that crucial rejection at 2641 before executing the trade. Let’s stay disciplined and focused, and I wish everyone a week full of profitable trades! 🌟 Feel free to follow for more insights and updates! Happy trading! 📈
CAPITALCOM:GOLDShort
by HouseofProfit
ACGL: Entry, Volume, Target, Stop (LONG & SHORT Ideas)LONG IDEA: (shown on chart) Entry: greater than 114.65 Volume: greater than 1.125M Target: 129.34 area (this is an area, no guarantees, you should be selling on the way up) Stop: Depending on your risk tolerance; Based on an entry of 114.66, 109.77 gets you 3/1 Reward to Risk Ratio. This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not enter a trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader. --------- SHORT IDEA: (not shown on chart) Entry: lower than 108.77 Volume: greater than 1.308M Target: 104.50 area Stop: Depending on your risk tolerance; My stop would be no higher than 111.87 (the high on 9/11), but absolutely no higher than the previous high of 114.65. This SHORT swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not enter a trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
NASDAQ:ACGL
by tradepatiently
1
Bearish - weekend correction after reaching ATH $2600⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) gained for the second consecutive day on Friday, approaching the record high reached after the Federal Reserve's significant interest rate cut earlier this week. The Fed also hinted at more cuts, weakening the US Dollar and supporting gold. Concerns about economic slowdowns in the US and China, along with geopolitical tensions in the Middle East, further boost gold’s appeal. However, the global stock market rally limits strong gains for the safe-haven metal, keeping upward momentum in check during the Asian session. ⭐️ Personal comments NOVA: Gold price reached ATH this week: 2600, In the context of many concerns about the impending economic recession - the psychology of waiting will cause gold prices to quickly adjust downwards. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2580 - $2578 SL $2573 TP1: $2588 TP2: $2595 TP3: $2603 🔥BUY GOLD zone: $2567 - $2565 SL $2560 TP1: $2573 TP2: $2580 TP3: $2590 🔥SELL GOLD zone: $2613 - $2615 SL $2620 TP1: $2600 TP2: $2585 TP3: $2560 ⭐️ 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
11
Downward adjustment rhythm before FOMC ! XAU down ⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) slipped during the Asian session on Tuesday, halting a three-day rally to record highs. Repositioning ahead of the Federal Open Market Committee (FOMC) meeting helped the US Dollar recover from its yearly low, pressuring gold. However, expectations of a more aggressive rate cut by the Federal Reserve may continue to support gold. Concerns over China's economic slowdown, US political uncertainty, and ongoing geopolitical risks in the Middle East may limit further losses for the safe-haven asset. Traders are likely to stay cautious ahead of key central bank meetings this week, including the Fed's decision on Wednesday, followed by the Bank of England and Bank of Japan later in the week. ⭐️ Personal comments NOVA: Gold price decreased - adjusted before news of FOMC interest rate cut tomorrow. The Uptrend creating ATH is still highly likely to come ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2549 - $2547 SL $2542 TP1: $2555 TP2: $2570 TP3: $2580 🔥BUY GOLD zone: $2530 - $2528 SL $2523 TP1: $2540 TP2: $2550 TP3: $2560 🔥SELL GOLD zone: $2602 - $2604 SL $2610 TP1: $2590 TP2: $2580 TP3: $2570 ⭐️ 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
BTC - Short Setup | 15.09I’m shorting a very interesting setup here on the BTCUSDT 4H chart. We have an untapped 2H and 4H Order Block (OB) sitting above the current price, coupled with an untapped VWAP, both of which are significant points of interest for me. These untapped areas often act as strong magnets for price, drawing it towards them before a potential reversal. Given the current market structure, this setup presents a high-probability short opportunity. The price has been showing signs of exhaustion as it approached these levels, and the confluence of the Order Blocks and VWAP makes it a very appealing zone to initiate a short position. What adds to the strength of this setup is the clear Break of Structure (BOS) visible in the previous price action. The market has been creating lower highs and lower lows, indicating a downtrend, and the current move up might just be a retracement to mitigate the OB before continuing the trend downward. I’m entering this trade with a tight stop loss, as the OBs and VWAP should ideally cap the upward movement. The stop loss is placed just above the OB, ensuring that the risk is minimal in case the price unexpectedly breaches these levels. As for the final target, I haven’t set a specific level yet. I’ll be closely monitoring how the price reacts after entering the OB and the VWAP. If the price rejects sharply, I’ll consider holding the position longer, potentially trailing the stop to lock in profits as the trade progresses. However, if the reaction is weak or if I see signs of reversal, I might close the trade early. The goal here is to capitalize on the anticipated price reaction from these high-probability zones while keeping the risk contained with a tight stop. This is a classic example of a mean reversion trade, where the price could revert back to the mean after tapping into these untapped areas.
Short
by stromm_by_wmc