CPI and FOMC determine Gold price trend⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) is showing resilience below the $2,300 mark, with modest gains for the second consecutive day. Traders are eagerly awaiting the release of US consumer inflation figures and the outcome of the FOMC meeting, as these will provide insights into when the Fed will start cutting interest rates. This will have a significant impact on the future movement of gold.
⭐️ Personal comments NOVA:
Gold price recovered slightly before today's CPI and FOMC news. With the high possibility that interest rate data will continue to remain unchanged, Gold prices are likely to still recover. Pay attention to resistance areas for prices to react at $2325, $2340.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2270 - $2268 SL $2263
TP1: $2280
TP2: $2290
TP3: $2300
🔥SELL GOLD zone: $2323 - $2325 SL $2328 scalping
TP1: $2318
TP2: $2310
TP3: $2300
🔥SELL GOLD zone: $2338 - $2340 SL $2345
TP1: $2325
TP2: $2315
TP3: $2300
⭐️ 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
IOUSDT | Heading Lower Before the Big Pump?Market Context
IOUSDT just attempted a breakout, but I’m not buying it. Here's why:
Chart Analysis
Despite the recent breakout attempt, the volume isn't convincing. Without the necessary volume, this move seems weak and likely to reverse.
Strategy
I’m expecting IOUSDT to dip lower before it catches the wave with BTC's anticipated pump later this week. This could be a strategic opportunity to short now and buy back in at a lower price.
Stay tuned—this market move could be quite the rollercoaster!
recovery to the DOWN trend ! retest XAU ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) fell during the Asian session on Tuesday due to a fresh supply. This decline comes after a slight recovery from a one-month low caused by positive US jobs data. The decrease in bets for an interest rate cut by the Federal Reserve (Fed) in September has kept US Treasury bond yields high, strengthening the US Dollar (USD) and reducing demand for gold. Additionally, the People's Bank of China (PBoC) has significantly decreased its gold buying activities in May, ending a year-long buying spree. Despite this, political uncertainty in Europe and geopolitical risks could prevent further losses. Traders are advised to monitor the release of the latest US consumer inflation figures and the FOMC decision on Wednesday.
⭐️ Personal comments NOVA:
Short-term recovery at the beginning of the week - retesting the resistance zone. Sideway waiting for important FOMC information
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2270 - $2268 SL $2263
TP1: $2278
TP2: $2284
TP3: $2292
🔥SELL GOLD zone: $2320 - $2322 SL $2325 scalping
TP1: $2315
TP2: $2308
TP3: $2300
🔥SELL GOLD zone: $2338 - $2340 SL $2345
TP1: $2330
TP2: $2320
TP3: $2310
⭐️ 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
NASDAQ E-mini FuturesHi guys, In this chart i Found a Supply Zone in NASDAQ E-mini Futures CHART for short entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
Bad news coming to Gold - price DOWN✍️ NOVA hello everyone, Let's comment on gold price next week from 6/10 - 6/14/2024
🔥 World situation:
Gold prices dropped to a four-week low due to strong US labor market and China's halt in gold purchases. XAU/USD traded at $2,295, resulting in a more than 3% decrease. The latest US Nonfarm Payrolls report showed an increase in workforce but also an uptick in the Unemployment Rate and slight rise in Average Hourly Earnings.
🔥 Identify:
Gold prices had a sudden drop at the weekend, negative news that China's central bank stopped gold reserves brought negative psychology to investors. Currently, the price is breaking through many support zones, so priority will be given to 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: $2335, $2371
Support : $2278, $2260, $2210
🔥 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
AUDCAD: Bearish Continuation & Short Signal
AUDCAD
- Classic bearish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Short AUDCAD
Entry - 0.9099
Sl - 0.9117
Tp - 0.9072
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
ADP - NF has a negative impact on Gold?⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) came under renewed selling pressure on Tuesday and dropped to the $2,316-2,315 area, back closer to a multi-week low touched the previous day in the wake of a modest US Dollar (USD) strength. The attempted USD recovery from over a two-month low, however, lacked follow-through on the back of growing acceptance that the Federal Reserve (Fed) will start cutting interest rates later this year, bolstered by softer US macro data. The expectations keep the US Treasury bond yields depressed, which, in turn, is seen benefitting the non-yielding yellow metal during the Asian session on Wednesday.
⭐️ Personal comments NOVA:
Gold price continues to dispute the price range 2320-2340, still moving within the 2 H1 trend lines. Wait for BREAK points for upcoming trends
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2305 - $2307 SL $2300
TP1: $2312
TP2: $2320
TP3: $2330
🔥SELL GOLD zone: $2348 - $2350 SL $2355
TP1: $2340
TP2: $2330
TP3: $2320
⭐️ 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/USD Short (short term)Daily fell below previous week high. We build a reversal and rally-base-drop on 4h, what indicates rejection above previous day high.
We are now trading and building rejections on the order block that brough us below the high around 1.2766.
If we get a 30min reversal candle, I would sell this with first TP around today days low at 1.2743
USD/JPY Short: Two potential IdeasOn montly we had an upmove without FVGs. The previous month showed some rejection, but stayed inside: This gives us potential for a rotation into the middle. The weekly chart is still confined in the big downwards candle and took the previous week low. The current day close is clearly below the previously mentioned weekly low. This move was carried by clear 4h-FVGs. This gives us two options:
Idea 1:
More on the bigger scale. A quick spike in the upcomming 1-2 4h candles with a clear rejection on the latest 4h-FVG would be an ideal trade location for short. I would like to see price around 156.37 and try to get an lower timeframe entry, e.g. on 15-30min. The ideal approach would not show any bullish FVGs on a lower timeframe like 30min.
Idea 2:
More aggressive, since 4h could attract market. But if we build another 30min candle and manage to produce a bearish FVG, we would have the potential for an earlier reversal. In this scenario it would be ideal to close the last bullish FVG beforehand. The 2nd indicated candle should then a rejection on the FVG and could give a good entry. This scenario stays active for me unless we either build more bullish FVGs or go below the current days low.
The first Take Profit, e.g. first half, would be the current days low around 155.95 - be wary to get a small stop for a good CRV. The 2nd half should be trailed.
The DOWN trend prevailed at the beginning of the week⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The Gold price (XAU/USD) struggles in the Asian session due to conflicting factors and stays near a three-week low. The expectation of rate cuts by the Federal Reserve and easing inflationary pressures weaken the US Dollar, supporting gold as a safe-haven asset. However, positive market sentiment and hopes for a cease-fire in Gaza limit the upside for gold. Traders are waiting for important US macro data, including the Nonfarm Payrolls report, and central bank decisions from the Bank of Canada and the European Central Bank.
⭐️ Personal comments NOVA:
The selling pressure at the beginning of the week is still maintained - the DOWN trend is dominant, waiting for support areas for Gold
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2306 - $2304 SL $2299
TP1: $2312
TP2: $2320
TP3: $2330
🔥SELL GOLD zone: $2340 - $2342 SL $2347
TP1: $2332
TP2: $2327
TP3: $2320
⭐️ 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
Huge selling pressure - Gold price continues to DECREASE✍️ NOVA hello everyone, Let's comment on gold price next week from 6/3 - 6/7/2024
🔥 World situation:
Gold (XAU/USD) slumped back into the $2,330s on Friday after the release of US Personal Consumption Expenditure (PCE) data for April. The data showed a decrease in core price pressures, with Core PCE cooling to 0.2% month-over-month. Analysts had expected it to remain unchanged at 0.3%. This unexpected decrease increased the likelihood of the Fed cutting interest rates sooner, which is positive for Gold as it reduces the opportunity cost of holding the non-yielding asset.
🔥 Identify:
Despite receiving positive economic news supporting Gold - the great selling pressure pushed Gold prices down immediately. Wait for the next support and decline areas next week
🔥 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: $2362, $2414
Support : $2306, $2282, $2250
🔥 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
Gold price continues to adjust DOWN⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) trades lower on Thursday due to a stronger US Dollar (USD) and higher US yields. The reduced expectation of a September rate cut by the Federal Reserve (Fed) is putting pressure on gold as it increases opportunity costs. The second estimate of Q1 2024 US Gross Domestic Product (GDP) will be closely watched by investors, as a stronger-than-expected reading could further strengthen the USD and weigh on gold. However, geopolitical tensions in the Middle East may support gold as a safe-haven asset. Additionally, increased demand from central banks may limit downside for gold in the near term.
⭐️ Personal comments NOVA:
Gold continues its DOWN trend amid easing military tensions. Mainly waiting for US economic data to be released
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2315 - $2317 SL $2312 scalping
TP1: $2320
TP2: $2325
TP3: $2330
🔥BUY GOLD zone: $2305 - $2307 SL $2300
TP1: $2315
TP2: $2322
TP3: $2330
🔥SELL GOLD zone: $2364 - $2366 SL $2370
TP1: $2358
TP2: $2350
TP3: $2340
⭐️ 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
Gold price recovers in the short term !!⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) fell after a three-day winning streak due to the Greenback's slight recovery and hawkish comments from Federal Reserve officials. Strong US economic data also reduced expectations of a Fed rate cut in September, boosting the US Dollar and weighing on gold prices. However, geopolitical tensions and uncertainty may still drive demand for gold as a safe-haven asset. Central bank demand will continue to support higher gold prices in the short term. Traders are watching the Fed's Beige Book and John Williams' speech, as well as the release of the US Core PCE Price Index on Friday, which could impact the possibility of delaying a Fed rate cut if inflation shows signs of increasing.
⭐️ Personal comments NOVA:
Gold price recovered in the short term - however, the long-term frame H1 and H4 are showing a larger DOWN trend
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2324 - $2322 SL $2319 SCALPING
TP1: $2330
TP2: $2335
TP3: $2340
🔥BUY GOLD zone: $2305 - $2307 SL $2300
TP1: $2315
TP2: $2330
TP3: $2340
🔥SELL GOLD zone: $2370 - $2372 SL $2375 scalping
TP1: $2360
TP2: $2350
TP3: $2340
⭐️ 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
$QQQ Quick Market Crash from TOMORROW (or Fri) Till June 4th1. Everything fits perfectly into place from a Fibonacci POV.
2. Jamie Dimon (who likes to give passive bearish opinions) said today that he thinks Private Credit debt investments, like BCRED, Pimco Flex Cred, which are basically Privatized bonds, could become an ugly nightmare for grandma's or innocent investors, that are trying to get their money out and can't because of liquidation limits. Liqudation limits have been put on the Private REITS already (BRIET and Starwood Capitol REIT). But Private Credit Funds are made up of the same bullsh NYSE:T as in the movie "The BIG SHORT", those are collaterized debt obligations, that's right.
3. Interest rates, specifically the %-!) Year Treasury rates have SPIKED the last 2 days and mortgage rates will certainly follow suit, making home buying even harder. (again).
This will cause an already shaky real estate market, even shakier.
"SHAKE SHAKE SHAKE, Shake yo Booty"
4 This Bearish correction trend should start sharply with the initial drop ending at around Tues, June 4th, at approximately between 10am - 1pm.
5, In total, after a B wave up, we could see a bear market into Middle to End of July.
6.
a. My bearish trade will start with Credit Call Spreads, Aug 19th expiration, with the short calls at 0.25 Delta, the long calls will be around 0.10-0.05 delta.
b. Then I may take 1/2 of all that premium and start buying deep OTM puts with same expiration, and then just buy and sell those into July, but keeping the Credit Call spread in placed till 21 DTE, approx July 20th, when they should be near worthless.
SELL PNB spot cmp 133 target 110 SL 139Technically, there is a distribution going on and sign of exhaustion in strong rally. Multiple times the stock face correction from higher level and then later on it only managed to cross the previous high by some margin to fall again. This means big players selling their delivery. Fundamentally, its already overvalued with high PE and fairly valued Price to Book. So combined analysis says that it can fall to 110 levels soon with any support from market fall.