USD/ JPY ! 10/ 28 ! SELL resistance ! GAP USD/ JPY trend forecast October 28, 2024
The Japanese Yen (JPY) recovers about 50 pips from a three-month low against the USD, though gains are limited amid uncertainty over the Bank of Japan's rate hike plans and the ruling coalition’s recent loss of its parliamentary majority. Additionally, a positive risk sentiment continues to weigh on the safe-haven JPY.
At the beginning of the week, the price created a GAP to increase - need to adjust to fill the GAP. There is a slight resistance zone - in the context of not much important news today.
/// SELL USDJPY : zone 153.250 - 153.550
SL: 153.850
TP: 60 - 100 - 250 pips (151.050)
Safe and profitable trading
Shorttrade
Continue short-term correction 2709 ! XAU⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) dipped during the Asian session on Friday, reversing part of the previous day's gains but staying within the week's trading range. With less than two weeks to the November 5 US presidential election, polls indicate a close race, adding political uncertainty. Combined with tensions in the Middle East, this uncertainty supports demand for gold as a safe-haven asset.
However, the impact is tempered by renewed US Dollar (USD) strength, driven by expectations that the Federal Reserve (Fed) will take a cautious approach to easing policy. Recent US economic data has shown resilience, reducing the likelihood of a large rate cut in November, which supports the USD and pressures gold prices.
⭐️Personal comments NOVA:
H1 frame continues to adjust slightly downward - expected price range 2709 - 2680 for seller liquidity
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2750 - $2752 SL $2758
TP1: $2740
TP2: $2730
TP3: $2720
🔥BUY GOLD zone: $2709 - $2711 SL $2704
TP1: $2718
TP2: $2730
TP3: $2740
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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
10/25 ! USD JPY ! touch trend set up SELL USD/ JPY trend forecast October 25, 2024
The Japanese Yen (JPY) failed to build on Thursday’s recovery and faced renewed selling pressure during Friday's Asian session. Japan's business activity data for October showed a contraction in both manufacturing and services sectors. Additionally, a drop in Tokyo’s core inflation below the Bank of Japan’s (BoJ) 2% target lowered expectations for further rate hikes in 2024, weighing on the JPY.
A positive market sentiment and US Dollar (USD) buying also supported the USD/JPY pair around the mid-151.00s. However, verbal intervention by Japanese authorities helped limit further JPY losses. Traders now await US economic data for short-term direction amid political uncertainty before Japan’s general election on Sunday.
H1 frame shows the price zone is adjusting - touching the trendline, continuing to adjust down
/// SELL USDJPY : zone 151.850 - 152.050
SL: 152.500
TP: 50 - 100 - 250 pips (149.550)
Safe and profitable trading
XAU ! 10/24 ! Adjustment and price decreaseXAU / USD trend forecast October 24, 2024
Gold price (XAU/USD) rises to the $2,736-$2,737 range during the European session, recovering some losses from the previous day’s pullback from a record high. Ongoing Middle East conflicts and uncertainty around the upcoming US Presidential election on November 5 boost demand for the safe-haven asset. Additionally, a slight dip in the US Dollar from its near three-month high and falling US Treasury yields further support gold's upward movement.
Gold price continues to be in the long-term uptrend - however, there needs to be adjustments for the market to stabilize and rebalance. Expected price range 2700 - 2680 in the short term
/// SELL XAU : zone 2740-2743
SL: 2748
TP: 50 - 200 - 300 pips (2713)
Safe and profitable trading
Bearish pattern - XAU correction ! 2700⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices are recovering part of Wednesday’s decline from the record high of $2,759 early Thursday. The rebound is supported by a pause in the US Dollar's rise, as US Treasury bond yields stabilize ahead of the preliminary S&P Global US PMI data.
Gold is now awaiting the US PMI data for further direction. The slight pullback in the USD and yields is likely due to improving market sentiment in Asia after Wall Street's tech sell-off. US equity futures are also recovering, helped by Tesla Inc.’s positive earnings report, which provided some relief to investors.
⭐️Personal comments NOVA:
A HEAD AND SHOULDERS model is forming, long-term H2 frame RSI bearish divergence. Expect gold's correction to approach 2700 - 2680
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2763 - $2765 SL $2770
TP1: $2755
TP2: $2747
TP3: $2740
🔥SELL GOLD zone: $2739 - $2741 SL $2744 scalping
TP1: $2735
TP2: $2730
TP3: $2720
Note the support zone: 2680
🔥BUY GOLD zone: $2701 - $2703 SL $2696
TP1: $2710
TP2: $2718
TP3: $2725
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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
$CHSN Short signal (my trading dairy)I will short trade NASDAQ:CHSN today if it started to rise after open, here is my reason:
1. Market maker sold out:
the price reached the resistance level from previous high with high volumes, which means half shares of the market cap has already sold. personally, i think those sold shares belong to the market maker.
2.Negative news:
SEC has ordered a suspension of trading in the company's securities on Oct 9, 2024 due to price manipulation activities.
3.Huge remained short volume
Compared to the volume and daily short volume of Oct 4th, Oct 7th, and Oct 22th, we could discover there is huge remained short volume.
Therefore I will short trade it tonight if it follow my expectation.
GBPJPY (H1) The pound yen made the expected corrective move during today's trading session and reached the golden area, which is considered the key to the downward trend. Accordingly, we look forward to selling from these areas. Stop loss above the levels of 197.144 and our targets are 192.23 and 189 as shown.
OANDA:GBPJPY
SIDEWAY gold! 2627 - 2660 competitive price range⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) pulled back from a one-week high on Monday, ending a two-day winning streak as the US Dollar (USD) strengthened. Investors no longer expect a significant rate cut from the Federal Reserve (Fed) in November, keeping US Treasury yields high and attracting investment away from the non-yielding gold.
Additionally, disappointment over China's fiscal stimulus and weak inflation data over the weekend further dampened investor confidence, weighing on gold prices. However, ongoing geopolitical tensions in the Middle East helped gold find support above the $2,640 level during Tuesday's Asian session, limiting further losses.
⭐️Personal comments NOVA:
The psychology of waiting for November interest rates was clearly shown this week. There is not much news announced, Gold price is sideways in the price range 2627 - 2660
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2636 - $2634 SL $2631 scalping
TP1: $2642
TP2: $2650
TP3: $2655
🔥BUY GOLD zone: $2629 - $2627 SL $2622
TP1: $2635
TP2: $2642
TP3: $2650
🔥SELL GOLD zone: $2660 - $2662 SL $2667
TP1: $2650
TP2: $2640
TP3: $2630
⭐️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
CPI ! Opportunity for gold price to fall below 2600⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) edged higher during the Asian session on Thursday, ending a six-day losing streak that brought it to a nearly three-week low. The US Dollar (USD) is in a consolidation phase as traders await the US Consumer Price Index (CPI) data release. This repositioning has provided some support to gold.
However, a significant rally in gold seems unlikely due to reduced expectations for aggressive rate cuts by the Federal Reserve (Fed), as highlighted by the September FOMC meeting minutes. Elevated US Treasury yields may continue to limit gains, requiring strong buying to signal the end of gold's recent corrective decline from its all-time high.
⭐️ Personal comments NOVA:
The long-term framework H1, H4 shows that sellers prevail - the downward correction will continue towards below $2600
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2583 - $2585 SL $2578
TP1: $2590
TP2: $2600
TP3: $2610
🔥SELL GOLD zone: $2649 - $2651 SL $2656
TP1: $2644
TP2: $2638
TP3: $2630
Pay attention to the trendline resistance area H1: 2633
⭐️ 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
FOMC ! Is this a sharp decline or correction?⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) dropped nearly 1.5% on Tuesday, reaching a three-week low but found support near the $2,600 level. The stronger US Dollar, driven by reduced expectations of a large Federal Reserve (Fed) rate cut, pressured the non-yielding gold. Additionally, news of a potential ceasefire between Hezbollah and Israel further weighed on the safe-haven metal, pushing it below $2,630.
However, the decline paused as traders await the release of the September FOMC meeting minutes on Wednesday, along with US inflation data (CPI and PPI) later this week, which will influence the Fed’s rate outlook. In the meantime, the subdued USD could help limit further losses for gold
⭐️Personal comments NOVA:
Gold price BREAK through the zone 2625 - 2671 - following a downtrend after news that the Chinese government has unfavorable policies for gold. Adjusted cadence is necessary
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2595 - $2597 SL $2590
TP1: $2602
TP2: $2610
TP3: $2620
🔥BUY GOLD zone: $2606 - $2604 SL $2601
TP1: $2610
TP2: $2615
TP3: $2620
🔥SELL GOLD zone: $2643 - $2645 SL $2650
TP1: $2635
TP2: $2620
TP3: $2610
⭐️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
Sideways ! The explosion is about to take place in October! XAU⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) stays under pressure during Tuesday’s Asian session, hovering just above the lower end of a short-term range. Investors are lowering expectations for a large interest rate cut by the Federal Reserve (Fed) in November, as the US labor market shows signs of strength, which weighs on gold.
Meanwhile, the US Dollar (USD) has retreated from its seven-week high hit on Friday, as traders await Wednesday’s FOMC meeting minutes. Additionally, key US inflation data, including the Consumer Price Index (CPI) on Thursday and the Producer Price Index (PPI) on Friday, will shape the outlook for Fed rate cuts and impact both the USD and gold.
⭐️Personal comments NOVA:
Frame H1 moves in the downtrend line, mainly sideways. Nova is inclined to reduce sideways to the 2624-2627 area to create liquidity and continue to increase. The long-term trend is still up
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2624 - $2626 SL $2618
TP1: $2635
TP2: $2650
TP3: $2672
🔥SELL GOLD zone: $2661 - $2663 SL $2666 scalping
TP1: $2655
TP2: $2648
TP3: $2640
🔥SELL GOLD zone: $2684 - $2686 SL $2691
TP1: $2678
TP2: $2670
TP3: $2660
⭐️ 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
Sideway - little volatility on the first Monday of the week⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) continues its decline for the fourth straight day, trading near $2,650 during early Monday’s Asian session. The stronger US Dollar, following Friday's upbeat Nonfarm Payrolls (NFP) data, is putting downward pressure on gold.
The US added 254,000 jobs in September, exceeding August’s revised 159,000 and the market expectation of 140,000. The Unemployment Rate fell to 4.1% from 4.2%. These positive US data reduce hopes of deeper interest rate cuts by the Federal Reserve, boosting the USD and weighing on gold, which is priced in dollars.
⭐️Personal comments NOVA:
There is not too much information and important economic news, sideway gold price on Monday at the beginning of the week: 2625 - 2660
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2628 - $2630 SL $2623
TP1: $2638
TP2: $2644
TP3: $2650
🔥SELL GOLD zone: $2670 - $2672 SL $2677
TP1: $2660
TP2: $2650
TP3: $2640
⭐️ 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
Head and SouldersXRP retraced, settling itself at a lower low and a new resistance. A head and shoulders formed, signaling a rally short trade. I believe XRP will bounce and retrace, possibly dropping below $0.50. The previous head and shoulders from Nov 23 to Jan 24 caused XRP to dip below $0.50, and then it rallied after the dip. The previous head and shoulders formed in a 3-month window, identical to its recent head and shoulders that started at the beginning of July 2024.
Support - 0.50
Resistance - 0.57
Momentum - Selling
Fear & Greed Index (Binance) - Neutral 50
Bear vs Bull - Bearish
Fundamental analysis: A major factor in the dip was a whale selloff at approximately 32% volume. Market sentiment appears mixed, with some analysts indicating that the current price movements reflect manipulation and uncertainty in the market.
Huge border jam XAU 2625 - 2671! wait for ADP-NF⭐️Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) dipped during early European trading on Wednesday, giving back part of the previous day's 1% surge, which was driven by escalating tensions in the Middle East. Concerns of a wider conflict rose after Iran fired ballistic missiles at Israel, increasing demand for the safe-haven asset. However, reduced expectations for aggressive rate cuts by the Federal Reserve (Fed) limited further gains for gold.
At the same time, the US Dollar held onto its recent recovery, supported by a resilient labor market, which also weighed on gold. Despite this, XAU/USD remains close to last week's record high, with the overall outlook still favoring bulls. Traders now await the US ADP employment report for direction, ahead of Friday's key Nonfarm Payrolls data.
⭐️ Personal comments NOVA:
Gold prices rose sharply after yesterday's war news - but fell sharply afterwards - moving within a large range awaiting this week's ADP-NF and NF data
⭐️ SET UP GOLD PRICE:
🔥 BUY GOLD zone: $2635 - $2637 SL $2630
TP1: $2645
TP2: $2660
TP3: $2672
🔥 BUY GOLD zone: $2620 - $2622 SL $2615
TP1: $2635
TP2: $2645
TP3: $2660
🔥 SELL GOLD zone: $2681 - $2683 SL $2688
TP1: $2670
TP2: $2660
TP3: $2650
⭐️ 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
EURJPY ! trendline + resistance ! SELL NOW ⭐️ Smart investment, Strong finance
⭐️ Personal comments NOVA:
Frame H1 creates a trendline and resistance. Overbought has formed, setting up a SELL signal. Today, October 2, 2024, there is no important news for these two currencies
⭐️ SET UP EUR/ JPY PRICE:
🔥SELL zone: 159.600 - 159.800 SL 160.100
TP1: 159.300
TP2: 159.000
TP3: 158.000
⭐️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
XAU correction - market balance ! DOWN ✍️ NOVA hello everyone, Let's comment on gold price next week from 9/30 - 10/04/2024
🔥 World situation:
Gold dropped to a three-day low below $2,650 after the US Bureau of Economic Analysis (BEA) reported that September inflation is moving closer to the Federal Reserve's (Fed) target. Despite expectations for more Fed rate cuts, gold struggled as traders likely took profits. Currently, XAU/USD is trading at $2,657, down nearly 0.50%.
Earlier, the BEA announced that the Fed's preferred inflation measure, the Personal Consumption Expenditures (PCE) Price Index, showed progress toward the 2% goal in August. Core PCE also rose slightly compared to July’s data.
🔥 Identify:
Gold price completed 5 elliott waves, H4 frame uptrend. Waiting for gold correction chip to decrease in the near future
🔥 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: $2685, $2702
Support : $2643, $2628, 2571
🔥 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
XAU | USD! sideway downtrend 10/1/24XAU / USD trend forecast October 1, 2024
Gold price (XAU/USD) holds modest gains in early European trading on Tuesday but remains below last week's record high. Fed Chair Jerome Powell's hawkish remarks on Monday led investors to reduce expectations of aggressive rate cuts. This supported the US Dollar, which continues to recover from its lowest level since July 2023, creating a headwind for gold.
Based on M30, price adjustment h1 frame, XAU down
/// BUY XAU : zone 2624-2626
SL: 2618
TP: 50 - 100 - 150 pips (2639)
Safe and profitable trading
GOLD ! 9/30 ! down adjustmentXAU / USD trend forecast September 30, 2024
Israel escalated its conflict with Iran’s allies, the Houthis in Yemen and Hezbollah in Lebanon, launching airstrikes on Sunday and raising fears of a wider Middle East war. The Israeli Defense Forces reported targeting several locations, including power plants and a seaport in Yemen. In Lebanon, Israeli strikes killed Nabil Kaouk, the deputy head of Hezbollah's Central Council, marking the seventh Hezbollah leader killed in just over a week.
Based on M30, price adjustment h1 frame, XAU down
/// SELL XAU : zone 2664-2667
SL: 2672
TP: 50 - 150 - 300 pips (2637)
Safe and profitable trading