Scalping XAU! Set up the SELL signal at the resistance zone⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The end of important economic news last week was beneficial for Gold, helping the Gold price this week to stabilize sideways in the H1 frame.
⭐️ Personal comments NOVA:
Gold price has a great possibility of continuing to stabilize the price above the $2050 area
⭐️ SET UP GOLD PRICE:
🔥SELL GOLD zone: $2065 - $2067 SL $2070 Scalping
TP1: $2062
TP2: $2058
TP3: $2053
⭐️ 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
Shorttrade
💰📉 Zodiac's Influence: Gold Eyes $1850, Plummets to $1630 🌟🎯On December 22nd, there was a change in the Zodiac sign which revealed the manipulative tactics of the market makers. They artificially inflated the market by luring unsuspecting investors into thinking the market was bullish, thereby creating liquidity. However, by the end of the day, their true intentions were exposed as the price of gold sharply dropped, rejecting the high of $2070.
See 22nd December 2023 Analysis here:
By just holding above $2070, the game would have been completely different, and the setup could have turned out to be highly bullish. It's amazing how such a small decision could have such a huge impact on the outcome.
Why is Friday’s close important?
It is significant on the Zodiac calendar and can create a strong trend in either direction for multiple days.
Gold 1hr chart: Rejection on the 1hr chart
Based on the latest market analysis, it is highly likely that we will experience a bear market that will last for several days or even weeks into the new year. It is important to take this information into consideration when making any financial decisions to ensure that you are well-prepared and have a solid strategy in place. Don't let this news discourage you, instead, use it as an opportunity to assess your current investments and make any necessary adjustments to position yourself for success in the long run.
Target 1: $1850
Target 2: $1630
How do I trade this?
Let me tell you a story:
The Parable of the Ten Virgins
1 “At that time the kingdom of heaven will be like ten virgins who took their lamps and went out to meet the bridegroom. 2 Five of them were foolish and five were wise. 3 The foolish ones took their lamps but did not take any oil with them. 4 The wise ones, however, took oil in jars along with their lamps. 5 The bridegroom was a long time in coming, and they all became drowsy and fell asleep.
6 “At midnight the cry rang out: ‘Here’s the bridegroom! Come out to meet him!’
7 “Then all the virgins woke up and trimmed their lamps. 8 The foolish ones said to the wise, ‘Give us some of your oil; our lamps are going out.’
9 “‘No,’ they replied, ‘there may not be enough for both us and you. Instead, go to those who sell oil and buy some for yourselves.’
10 “But while they were on their way to buy the oil, the bridegroom arrived. The virgins who were ready went in with him to the wedding banquet. And the door was shut.
11 “Later the others also came. ‘Lord, Lord,’ they said, ‘open the door for us!’
12 “But he replied, ‘Truly I tell you, I don’t know you.’
13 “Therefore keep watch, because you do not know the day or the hour. Matthew 25:1-13
Lesson:
1. All the virgins knew that the bridegroom would come, but some still failed to meet him.
Meaning: While it is possible to analyze market conditions and forecast the direction in which they are likely to move, it is important to remember that this alone does not ensure profitability.
2. Only the wise virgins who planned and prepared for whatever scenario happened were able to meet the bridegroom.
This means that only traders who plan and prepare for whatever scenario plays out on their way to the target will benefit from it.
I will stop here and not go further, I personally do not day trade. I am a swing trader and I am taking this trade under proper risk management. It’s not in my position to tell you how you take your trade.
AUD/ CHF!! 22/12 trendline in decreasing price area⭐️ Smart investment, Strong finance
⭐️ Personal comments NOVA:
The price range follows a very nice downward trendline combined with the price touching EMA 89, suitable for a short-term SELL signal
⭐️ SET UP AUD/CHF PRICE:
🔥SELL zone: 0.58100 - 0.58250 SL 0.58700
TP1: 0.57800
TP2: 0.57500
TP3: 0.57200
⭐️ 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
BTCUSDT bearish impulse waveBTCUSDT up-to-date. Price is retracing below USDT41400, which level is a limit for a impulse wave confirmation, from an Elliotician perspective. On this case, if price is rejected from this 78.6% Fibonacci retracement, we'll see a profitable leg downward to accomplish wave -3. Potential USDT40400 target, in demand zone, for this swing trade. Chaikin Money Flow below zero showing selling pressure in confluence with price action.
NZD/ USD ! 19/12 Resistance zone for SELL signal⭐️ Smart investment, Strong finance
⭐️ NZDUSD INFORMATION:
The trade balance of New Zealand experienced a decrease of $1.234B, which was contrary to the forecast of -$1.2B. This decline was a result of a slump in the trading of goods, with both imports and exports showing a decrease. As a result, it will be challenging for Kiwi buyers to find any incentives to bid during the upcoming week. However, the focus of most market participants will be on the US Dollar (USD) as the week comes to an end, with the anticipation of one final round of US inflation data.
⭐️ Personal comments NOVA:
Strong resistance zone, high trading volume, cannot be broken temporarily. Set up SELL signal
⭐️ SET UP NZDUSD PRICE:
🔥SELL zone: 0.62300 - 0.62450 SL 0.62900
TP1: 0.62000
TP2: 0.61700
TP3: 0.61400
⭐️ 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
EUR/ NZD!! 12/12 trendline down SELL NOW⭐️ Smart investment, Strong finance
⭐️ Personal comments NOVA:
The price entered the downtrend line area, setting up a SELL signal
⭐️ SET UP EUR/NZD PRICE:
🔥SELL zone: 1.75500 - 1.75650 SL 1.76000
TP1: 1.75100
TP2: 1.74700
TP3: 1.74400
⭐️ 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
GBP/NZD ! 11/12 SELL NOW at the beginning of the week⭐️ Smart investment, Strong finance
⭐️ Personal comments NOVA:
Monday, set up a SELL signal right at the nearest resistance zone, no important economic data today
⭐️ SET UP GBPNZD PRICE:
🔥SELL zone: 2.05200 - 2.05350 SL 2.05800
TP1: 2.05000
TP2: 2.04700
TP3: 2.04300
⭐️ 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
EUR's Retracement: ECB indicated Yield-Seeking on USDWelcome Investors, Dear Esteemed Viewers,
Technicals
Today's the 30 of November, and EUR's uptrend suffered a breaking. Technically, it means the downbreak of the rising dotted purple trendlines. This technically important price action aligned with a bearish cross on RSI and a bearish daily candle. The target price of this bearish setup is about $1.082, and then, I would re-assess the indicators for signs of possible support. In a bearish scenario, the next target could be $1.051.
News
Beyond technicals, the European Central Bank (ECB) has been cautious in raising interest rates to combat inflation, in contrast to the US Federal Reserve's more aggressive tightening cycle. This divergence in monetary policies has made the USD more attractive to yield-seeking investors.
In the near future, EUR might follow AI's investor sentiment analytics and the bearish technical setup, but if you actively trade EUR, you might want to commit yourself to continuous research because the landscape can sharply change.
Disclaimer:
It is not an investment advice. This idea is my personal opinion. Do your research.
Kind regards,
Ely
USD/CAD!! 7/12 Resistance zone for SELL signal⭐️ Smart investment, Strong finance
⭐️ USD/CAD INFORMATION:
During the Asian trading hours on Thursday, the USD/CAD pair is experiencing a stronger performance. This improvement can be attributed to the increased demand for the US Dollar (USD) and the decrease in oil prices. Currently, the USD/CAD is trading at 1.3605, representing a 0.09% decline for the day.
⭐️ Personal comments NOVA:
The nearest resistance area and buying volume decreased, setting up a SELL signal during the day
⭐️ SET UP USD/CAD PRICE:
🔥SELL USD/CAD zone: 1.36150 - 1.36300 SL 1.36700
TP1: 1.35900
TP2: 1.35600
TP3: 1.35300
⭐️ 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
Scalping!!! 7/12 XAU signal SELL , resistance ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) is attracting some buying for the second consecutive day on Thursday. However, the buying lacks momentum and the price remains within a familiar range that has been held for the past three days during the first half of the European session. On the fundamental front, there is a growing belief that the Federal Reserve (Fed) has completed its tightening campaign and will begin cutting rates as early as March 2024. Additionally, recent dovish comments from officials at the European Central Bank (ECB), as well as the decisions by the Reserve Bank of Australia (RBA) and the Bank of Canada (BoC) to keep rates steady, have raised hopes that interest rates have reached their peak globally. Consequently, this is viewed as a significant factor supporting the non-yielding yellow metal.
⭐️ Personal comments NOVA:
Scalping intraday, price has low volume, sideways waiting for news today. There is a resistance zone at 2033-2035 setting up a SELL signal before the Unemployment Claims news
⭐️ SET UP GOLD PRICE:
🔥SELL GOLD zone: $2033 - $2035 SL $2038 Scalping
TP1: $2030
TP2: $2027
TP3: $2024
⭐️ 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
ADP Non-Farm! How does Gold price affect today?⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold is currently stabilizing around $2,020 on Wednesday morning, after experiencing a two-day decline from its record high of $2,144 on Monday.
The increase in the value of gold is benefiting from a general retreat of the US Dollar, as buyers of the Greenback pause after its recent upward movement and in anticipation of the release of the significant US ADP Employment Change data.
⭐️ Personal comments NOVA:
One of the news that often greatly affects Gold today is ADP Non-Farm. The data supports the downtrend along with an adjustment to rebalance the market.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $1990 - $1992 SL $1982
TP1: $2000
TP2: $2010
TP3: $2020
🔥SELL GOLD zone: $2049 - $2051 SL $2060
TP1: $2040
TP2: $2032
TP3: $2020
⭐️ 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
EUR/ USD!! 5/12/2023 supporting the DOWN trend⭐️ Smart investment, Strong finance
⭐️ EUR/USD INFORMATION:
The US Census Bureau released data on Monday revealing a 3.6% month-on-month decrease in US factory orders in October, following a 2.3% increase in the previous report. In addition, the Institute for Supply Management (ISM) reported that the US ISM Manufacturing PMI remained unchanged at 46.7 in November, falling short of expectations.
According to Federal Reserve (Fed) Chair Jerome Powell, the US monetary policy has been successful in slowing down the economy, as predicted, with the overnight interest rate now in restrictive territory. Although Powell emphasized the Fed's readiness to further tighten policy if necessary, market sentiment suggests that the rate-hike cycle has reached its conclusion. Consequently, this has put downward pressure on the US dollar across all markets.
⭐️ Personal comments NOVA:
The price area touches the downtrend line, Scalping during the day is a SELL signal
⭐️ SET UP EURUSD PRICE:
🔥SELL EUR/USD zone: 1.08500 - 1.08650 SL 1.09100
TP1: 1.08000
TP2: 1.07700
TP3: 1.07400
⭐️ 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
BITCOIN ANALYSIS: SLOW BOMB!Hello traders!
After a month of upward accumulation with some struggles, Bitcoin price has increased strongly in the past 3 days, from April 2022 until now Bitcoin has just returned to the 42k price range. Such market excitement seems to be due to defiance combined with plans to push goods by the big players in the market to get rid of goods before re-dealing new cards before the halving occurs. There are a few reasons as follows:
- The price has increased continuously from the price range of 27k to now 42k, an increase of nearly 57% without any significant adjustment.
- The internal factors have not been shown much yet. When the FED is not really dovish, there will be no cheap money flow to pump too strongly into the market. We can see through the volume of the recent increase. That cannot be considered strong cash flow.
- The main news that affects the sudden increase in price is that the Bitcoin ETF has been approved, but until now it is still just a rumor and not a single application has been approved, at least until January 2024, the situation is There will be no sudden changes to this event.
Possible upcoming events:
- The most potential price that can increase is the 0.62 fibo area, around 48.5k.
- Within the next 2 weeks, the price could reach the 48.5k, even 50k area, which the big guys will surprise us with when a number of people don't think the price will reach that mark. This will cause all players who want to short to catch the peak to be destroyed.
- On the other hand, the remaining crowd begins to pay attention and FOMO following the rise of bitcoin price will be tragically destroyed when bitcoin price hits the 48.5k-50k area. When red, just a relatively large selling volume occurring in a short period of time will trigger sell and short orders simultaneously. Start the process of deep price adjustment before the Halving.
- Although I personally know it sounds like a conspiracy theory, I don't think it's that simple after Binance was fined and CZ resigned. This is most likely a bomb waiting to be detonated within the next two weeks, heavy enough to cause a simultaneous sell-off.
- My personal plan is still to wait for a short sale in the 48.5k-50k area.
Long Term Short Trade Setup on DisneyAfter Elon's "Go F yourself" to woke blackmail con-artist and hypocritical arrogant prick Bob Iger, I really was just curious how Disney was actually doing from a purely technical perspective.
Disney's chart is looking shockingly bearish long-term. Shorter term (like over the next several weeks) it does look like we will hit $100+ before collapsing further, but once that price is hit, it looks like a Disney-like happy ending is NOT in store here unless something big changes fast. And so far Bob Iger and co. have proven to the public that they are actually hell-bent on destroying the company while attempting to make it look as though they have the best interest of the public in mind. This type of narrative, as you know, has been played on repeat ad-nauseam by lame stream legacy media since the Covid plandemic. To be frank, it's nothing more than pure gaslighting. But will it work? In some cases, yes. In other cases, maybe, In Disney's case, the charts are saying no. Actually, the charts are saying "HELL NO"!
For the sake of brevity, I will not go into everything I am seeing on this chart. I really only want to highlight some of the most important indicators which really make up less than 20% of the bearish indicators that I have spotted overall.
First of all, on the main chart I am posting you will see one red ascending trendline which started in 2009. If you have been following me for any length of time, you'll know that I have traced this same trendline on many of the chart (if not most) of our predominantly indicative macro-market leaders (i.e. - SPY, DJI, Nasdaq, DXY, FAANG stocks, energy, oil, regional banks, etc.). This trendline, IMO, is the predominant indication showing whether a stock remains a part of the secular bull market, which by the way, we have never exited since 2009, not even the COVID glitch in the matrix could take us there. Except until now. Enter Disney.
For the first time, not that I follow the rigged U.S. stock market that closely, a major company has dipped below that all important trendline. And it wasn't simply a dip of the toes in the water type of drop. No sir. It looks like Disney has preformed a canonball splash of a 600 pound sumo wrestler. It has absolutely decimated any magical hope of those fairy tale dreamers that may insanely still be holding for the storybook ending here and it looks as though it will continue to do so.
Could Disney be a leading indicator of what will happen to the rest of the companies who follow the same strategy as Disney? I think it may and so it is worth adding to your list of observation.
Now, zooming in to the shorter-term perspective, you will note that we have been moving up most-recently. Yes, the market can be irrational as I have observed and alluded to in my post numerous time before. But here we are. And actually, Disney is not looking bad for a short-term long trade to around the $100-$104 price target. But after that? I would want to short the sh** out of this thing. Longer term target down would be anywhere from $67-$60 somewhere around mid-2024.
May all of your SHORT dreams come true!
Stewdamus
Scalping XAU! 30/11 sideway adjustment DOWN⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) is struggling to gain momentum in early European trading on Thursday. It is currently consolidating its recent strong gains, reaching its highest level since May 5th, which was achieved the previous day. Traders are showing hesitancy and are choosing to wait for the release of the key inflation data from the United States (US) before making any new bets on the direction of the market. The US Personal Consumption Expenditures (PCE) Price Index is scheduled to be released later during the North American session and may have an impact on the Federal Reserve's (Fed) future policy decisions. This, in turn, will influence the demand for the US Dollar (USD) and provide substantial motivation for the non-interest-bearing precious metal.
⭐️ Personal comments NOVA:
Currently, the price is sideways around the 2035-2045 area. To overcome the 2050 resistance area, several downward corrections are needed before there is enough force for the next price increase
⭐️ SET UP GOLD PRICE:
🔥SELL GOLD zone: $2041.5 - $2043.5 SL $2047 Scalping
TP1: $2037
TP2: $2034
TP3: $2029
⭐️ 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
AUD/USD: Reversal Sell Opportunity Confirmed!!!On November 29 and 30, AUD/USD touched a crucial pivot point at the price of 0.66411, indicating a potential change in direction, especially as it aligns with a level of miring Support and Resistance, suggesting a Major downtrend. The bearish reversal signal on the daily candle following the pivot point touch adds confidence to the potential downturn. The recent dovish stance conveyed by the Reserve Bank of Australia (RBA) further adds pressure on AUD/USD.
Technical Analysis:
Pivot Point and Support/Resistance: The price hitting the pivot point at 0.66411 suggests a potential reversal, particularly at the miring Support and Resistance level.
Bearish Reversal Signal: The formation of a bearish reversal pattern after touching the pivot point indicates weakness in the bullish momentum.
Major Downtrend: The trendline illustrates that AUD/USD is currently experiencing a Major downtrend.
Fundamental Analysis:
Dovish RBA Stance: The dovish statement from the RBA can enhance the downward pressure on AUD/USD.
Trading Scenario:
Considering the above factors, traders may contemplate the following scenario:
Wait for Correction: Exercise patience until the price undergoes a correction from the 0.66411 level.
Sell Limit with Confirmation: Initiate a sell position after a correction, with confirmation of further downside. Confirmation could involve the formation of a bearish pattern.
Target Take Profit: Set a take profit target around 0.64660, an area indicating the potential for further decline.
Stop Loss: Safeguard the position by placing a stop loss above the nearest resistance level or above the high of the confirmation candle.
It's crucial to continuously monitor market conditions, stay informed about the latest news, and practice prudent risk management. Trading always involves risks, and the final decision remains the responsibility of the trader.
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
BTC retest to 27K, then a real BULL will hit the BEAR. Hi Traders,
I will keep it simple, this is not a reading course, just check the chart and understand.
Bearish signs
Weekly candles showing weakness after massive green candles, doji and little hammers appear at the top.
Stoch RSI is clearly representing us that there must be a decrease in price, but to what level?
That is why i use Ichimoku Cloud. Probably, we will staying between the red cloud, maybe reaching its bottom in the next 1-3 weeks, but then i assume it will keep increasing.
What about next year? well, ETF, BTC Halvening, XRP trial and so many more could appear.
Now who is holding BTC either a HODLer or a very great investor. Right now this is not a playground of people who don't understand the market as we saw in 2021 and before. When the price of BTC and everything start to increase, this again became a playground, and keep in mind that as always, there are more people who lose money here than who not, this is the nature of the market.
Share your ideas, and check my others.
NVDA in correction sideways.NASDAQ:NVDA has gone through a great rise and we are currently entering a flat correction that should break further downwards given its increase since mid-October so we could see prices from $395 to $300 to see its correction completed.
I am more inclined to see NVDA between $300-$350 in the coming weeks since the moving averages have not yet given a clear sign of a deep correction, but of a lateralization for its distribution process providing the opportunity for trades within the ranges previously established and for the moment we would be entering in shorts for day traders.
Continue to adjust and accumulate short-term! XAU⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) has recovered some of its losses as the US dollar (USD) continues to decline in the early Asian session on Friday. No economic data was released from the US on Thursday. Currently, the gold price is trading at around $1,992, with no change throughout the day.
Moving forward, gold traders will be closely monitoring the US S&P Global PMI data on Friday. It is expected that the Manufacturing PMI will decrease from 50 to 49.8, while the Services PMI is estimated to ease from 50.6 to 50.4. Traders will be paying attention to these figures in order to identify potential trading opportunities based on the gold price.
⭐️ Personal comments NOVA:
Today's PMI news is not expected to have much impact on Gold prices too much. Gold price is still in the process of adjusting and accumulating to enter the strong resistance zone of 2005-2010.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $1973 - $1975 SL $1968
TP1: $1985
TP2: $1997
TP3: $2008
🔥SELL GOLD zone: $2008 - $2010 SL $2017
TP1: $2000
TP2: $1990
TP3: $1980
⭐️ 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