Gold price recovers, BULL and PPI news⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) edges higher during the Asian session on Thursday, extending its rebound from the $2,864 level seen after strong US inflation data. Concerns over a potential global trade war, fueled by President Trump's new tariffs on commodity imports, support demand for the safe-haven metal. Additionally, a slight dip in the US Dollar (USD) further boosts gold's appeal.
⭐️ Personal comments NOVA:
In the uptrend, gold price has recovered to the price zone of 2920, accumulating to find the old ATH of 2944.
⭐️ SET UP GOLD PRICE:
🔥SELL GOLD zone: $2927 - $2929 SL $2932 scalping
TP1: $2923
TP2: $2918
TP3: $2910
🔥 SELL GOLD zone: $2941 - $2943 SL $2948
TP1: $2935
TP2: $2928
TP3: $2920
🔥 BUY GOLD zone: $2877 - $2879 SL $2872
TP1: $2885
TP2: $2892
TP3: $2900
⭐️ 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
Sellsignal
1:5 Risk to reward sell of FTSEWe have been watching the FTSE since morning and will short it now.
1) There is a AB=CD pattern to sell
2) There is strong 161.8 Fib levels from the previous upswing.
3) Previous day high
4) RSI H1 divergence present
The target is 8585 but we will take profit along the way as it is counter trend.
Gold finds ATH price zone above 2880, sideways above 2835⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The People's Bank of China (PBOC) increased its gold reserves for the third consecutive month in January, supporting gold prices as China remains the world’s largest gold consumer. Reserves rose to 73.45 million fine troy ounces, up from 73.29 million in December. Economist David Qu from Bloomberg Economics noted that the PBOC is likely to continue diversifying its reserves amid growing geopolitical uncertainty.
Meanwhile, US labor market data released on Friday indicated continued strength, which could delay Federal Reserve (Fed) rate cuts. The US added 143,000 jobs in January, below the expected 170,000, while the unemployment rate edged down to 4.0% from 4.1%. As a result, traders now anticipate only one Fed rate cut this year, potentially boosting the US Dollar and pressuring gold prices.
⭐️ Personal comments NOVA:
Gold accumulates in a good growth price zone, around 2880 and adjusts sideways at the beginning of the week.
⭐️ SET UP GOLD PRICE:
🔥 SELL GOLD zone: $2884 - $2886 SL $2891
TP1: $2878
TP2: $2870
TP3: $2860
🔥 BUY GOLD zone: $2852 - $2854 SL $2849 Scalping
TP1: $2858
TP2: $2863
TP3: $2870
🔥 BUY GOLD zone: $2831 - $2833 SL $2826
TP1: $2840
TP2: $2850
TP3: $2860
⭐️ 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
XRP's downfall in order!BINANCE:XRPUSDT
Ripple's gonna decrease cause of the head and shoulder pattern.
The pattern's has not been completed yet! after the break out happens,the price shall reach the next support which is around 1.3990!
⚠️ Disclaimer:
This is not financial advice. Always manage your risks and trade responsibly.
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ETH: Sell the Pop, Buy the DipOverall Vibe: We're seeing a bit of a mixed bag here. ETH had a nice run-up, but it's starting to look like it might be running out of steam.
The Sell Zone: You've marked a key area around $3,053.38 as a "Sell Zone." This tells me you think there's a good chance we'll see some selling pressure kick in around that level. Smart move to call that out.
Potential Dip: If things play out like you expect, you're anticipating a dip down to around $2,622.10, maybe even lower. That's where your "Buy Zone" comes into play.
Why This Makes Sense: Looking at the chart, I see a few things that support your analysis:
Resistance: The $3,053 area lines up with some previous resistance levels. That's a classic spot for sellers to step in.
Heikin Ashi Candles: These candles smooth out the price action and can make it easier to spot trends. I see some red candles forming, which could signal a shift to the downside.
Keep in Mind:
Market's Gonna Do What It Wants: No chart is 100% accurate. Be ready to adapt if the market throws a curveball.
Risk Management is Key: Always have a plan for how you'll manage your risk if the trade goes against you.
Overall:
Not bad at all! Your analysis is clear and well-reasoned. I like how you've identified key zones and explained your thinking. Keep an eye on those levels and see how it plays out.
Disclaimer: I'm just an AI, so this isn't financial advice. Always do your own research before making any trades.
SCALPING XAU ! resistance 2882 entry SELL today⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The benchmark 10-year US Treasury yield dropped to its lowest level since December 12 this week, driven by expectations of two Fed rate cuts by the end of 2025, further boosting demand for non-yielding gold.
Chicago Fed President Austan Goolsbee attributed the recent inflation stagnation to base effects, emphasizing the need to balance overheating risks with economic stability. Meanwhile, Dallas Fed President Lorie Logan acknowledged significant inflation progress but noted that the labor market remains too strong to justify imminent rate cuts. However, this did little to strengthen the US Dollar.
⭐️ Personal comments NOVA:
Nova still thinks the market today will have a surprise for NF, the market will fall freely, going against the current majority psychology.
⭐️ SET UP GOLD PRICE:
🔥 SELL GOLD zone: $2881 - $2883 SL $2888
TP1: $2870
TP2: $2860
TP3: $2850
⭐️ 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
NF - Will the BIG SELL happen or not?⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
China has imposed tariffs on select US goods in response to President Trump’s 10% levy on Chinese imports, escalating trade tensions between the world’s two largest economies and reinforcing demand for safe-haven gold.
On the economic front, the US Department of Labor (DoL) reported that initial jobless claims rose to 219K for the week ending February 1, up from the previous week’s revised 208K. Meanwhile, US Treasury Secretary Scott Bessent stated that the Trump administration is less concerned about the Federal Reserve’s rate path and is instead focused on lowering 10-year Treasury yields.
⭐️ Personal comments NOVA:
The market is too expecting a price increase - big FOMO will have high risks. NF news will shock the market today, BIG SELL will happen
⭐️ SET UP GOLD PRICE:
🔥 BUY GOLD zone: $2851 - $2949 SL $2845 scalping
TP1: $2855
TP2: $2860
TP3: $2865
🔥 BUY GOLD zone: $2813 - $2811 SL $2806
TP1: $2820
TP2: $2828
TP3: $2835
⭐️ 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
BTCUSDT Technical AnalysisSell Bias Explanation
Risky Entry Zone:
Observation: Price entered the "RISKY ENTRY" zone.
Explanation: This area indicates a potential entry point for short trades. Traders should be cautious and ensure they have confirmation before entering, as it is labeled "risky."
Resistance Zone:
Observation: The chart highlights a "RESISTANCE ZONE."
Explanation: This area acts as a barrier for the price to move higher. The presence of a resistance zone suggests that the price may struggle to break above, creating an opportunity for sellers to step in
Price Closed Below the Protected High:
Observation: An annotation states, "PRICE CLOSED BELOW THE PROTECTED HIGH."
Explanation: This indicates that the price failed to break a critical high point, only sweeping and hunting stops suggesting a bearish sentiment. It reinforces the sell bias as buyers are unable to push the price higher.
Liquidity Grab and Break of Structure (BOS):
Observation: "Liquidity grabbed and BOS" is annotated on the chart.
Explanation: This means that liquidity was taken out, and a structural level was broken, indicating a shift in market sentiment towards the bearish side.
Liquidity Grab and Break of Structure (BOS):
Observation: "Liquidity grabbed and BOS" is annotated on the chart.
Explanation: This means that liquidity was taken out, and a structural level was broken, indicating a shift in market sentiment towards the bearish side.
Confirmation Entry Zone:
Observation: The chart highlights a "confirmation entry zone."
Explanation: This area provides additional confirmation for entering short trades. Traders looking for a safer entry can consider entering here once the price confirms the bearish setup.
P.R Area (Secure Position):
Observation: "P.R AREA(Possible rejection area) = secure position" is marked on the chart.
Explanation: This area suggests a point where traders can consider securing their positions, either by taking partial profits or tightening stop losses to minimize risk.
Disclaimer 📢
Remember, trading involves risk. Past successful setups do not guarantee future performance. Always conduct your own analysis and use proper risk management strategies.
DXY Dive Incoming? Watch the Liquidity Zones!From the higher timeframe perspective, DXY is currently hovering within a key monthly Fair Value Gap (FVG), marked in red. This zone serves as a critical point of interest and could dictate the next directional bias for the dollar.
Key Observations:
Current FVG Zone:
-Price is consolidating within the monthly FVG. A close below this zone would provide stronger confirmation of a bearish move targeting lower liquidity levels.
Bearish Bias:
-The recent price action indicates weakness as sellside liquidity (SSL) is beginning to show signs of attraction.
-The presence of significant sellside liquidity targets below, including:
-105.411 (Weekly SSL - Sweep)
-103.370 (Weekly SSL - Next Zone)
-100.215 (Major Daily SSL Zone)
Messy Market Conditions:
-Due to fluctuating macroeconomic factors, including USD news events, we may observe temporary rallies or retracements. However, these are likely to form lower highs before continuing the descent.
Confirmation Levels:
-Bearish Confirmation: A daily or weekly close below the monthly FVG would solidify the bearish case, signaling that sellside liquidity at 105.411 and lower levels are likely next.
-Bullish Risk: If the current FVG holds as support and price pushes higher, we could see an attempt to retest higher zones (e.g., 109.535) before resuming downside momentum.
Conclusion:
The expectation is for DXY to drop towards sellside liquidity levels at 105.411, 103.370, and potentially as low as 100.215. However, traders should await a clean confirmation (such as a close below the monthly FVG) to validate the move.
DYOR (Do Your Own Research) and trade safely amidst potential market volatility!
Let me know if you'd like any refinements!
Energy Policy and USDWTIKey Entry Points:
Ideal Entry: $78 (Sell Position)
The $78 level was an optimal sell entry, primarily due to the declaration of emergency in the energy sector made by the new administration. This policy move is expected to increase energy production significantly. The current administration is heavily investing in the energy sector to mitigate price increases in other sectors, combat inflation, and maintain or reduce it. This macroeconomic context highlights why $78 was a strategic sell zone.
Current Entry Opportunity: $74 (Sell Position)
From a technical analysis perspective, $74 is a notable resistance level. While this level carries more risk compared to $78, it presents a viable sell opportunity due to price inefficiency beginning at this point. Observing the daily chart, we notice an efficient bearish trend with a clear price inefficiency that originated at $74. This inefficiency creates a strong resistance zone, making it a reasonable point for continuation to the downside.
Technical Analysis Across Timeframes:
Daily Chart:
The current bearish trend remains intact. The inefficiency at $74 reinforces the case for selling at this level. While not as secure as the $78 zone, it offers a good probability for a continuation to lower levels.
Weekly Chart:
The market is currently in an impulsive phase. However, no significant support or resistance zones are evident within this timeframe. This lack of structural confirmation increases the risk of entering at this level.
Monthly Chart:
The monthly chart shows a clear rejection from a downward resistance. This reinforces the bearish outlook and aligns with the target at $70.80, which represents a strong support level.
SCALPING ! GOLD ! Gold sideways - selling pressure pushes price ⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
US President Donald Trump directed his administration to implement emergency 25% tariffs on Colombian imports. However, the tariffs were paused after Colombia agreed to fully accept all illegal migrants returned from the US.
On Tuesday, Trump announced plans to impose tariffs on pharmaceutical and computer chip manufacturers, along with upcoming measures targeting aluminum and copper industries, with potential consideration for steel and other sectors.
These actions reignited concerns over Trump's protectionist policies, raising fears of inflation. As a result, the yield on the 10-year US Treasury bond rebounded from a one-month low, strengthening the US Dollar and pressuring Gold prices.
⭐️Personal comments NOVA:
Price is currently sideways - sellers have more advantage. Wait for SIDEWAY price zone, entry SELL 2745
⭐️SET UP GOLD PRICE:
🔥 SELL GOLD zone: $2744 - $2746 SL $2749
TP1: $2740
TP2: $2735
TP3: $2730
⭐️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
GBP/USD SELL IDEA (R:R=9.9)Selling GBP/USD now. A wonderful BAT formation just formed on 4 hour chart. Already forming lower highs and lower lows on smaller timeframes.
Stop Loss is: 125.332
1st Target: 1.23830
2nd Target: 1.23416
3rd Target: 1.22990
4th Target: 1.21600
Hope everyone is able to take advantage of this analysis! :)
GBP/JPY SELL IDEA (R:R=12.3)Selling GBP/JPY once market opens. A beautiful Crab and Butterfly just formed on 15 min chart. Overall direction is down on DAILY timeframe. Daily D ext. is projected at 185.000
Stop Loss is: 194.800
1st Target: 193.712
2nd Target: 193.390
3rd Target: 193.084
4th Target: 192.054
Hope everyone has a great week trading!
Gold falls on inauguration day of TRUMP⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Last week's softer-than-expected US inflation data could support Gold prices by fueling speculation of more than one rate cut by the Federal Reserve (Fed). Traders are now looking ahead to President-elect Trump's inauguration on Monday for insights into the executive orders he plans to issue. "Uncertainty surrounding the policies President Trump will implement has been one of the factors supporting Gold," noted David Meger, Director of Metals Trading at High Ridge Futures.
Moreover, ongoing geopolitical tensions in the Middle East and the Russia-Ukraine conflict continue to drive safe-haven demand for Gold. According to The Guardian, the Russian military captured two additional settlements in eastern Ukraine's Donetsk region on Saturday, marking the latest progress in its westward advance.
⭐️Personal comments NOVA:
Gold short term down around 2700 area, sideways and waiting for new economic policies of the trump administration
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2678 - $2676 SL $2671
TP1: $2685
TP2: $2693
TP3: $2700
🔥SELL GOLD zone: $2716 - $2718 SL $2723
TP1: $2710
TP2: $2700
TP3: $2690
⭐️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
EURUSD - Potential Short from Resistance ZoneThe EURUSD pair is currently trading within a descending channel, indicating a continuation of bearish momentum. The price has recently bounced from the lower boundary of the channel and is now approaching a key resistance zone , aligning with the channel's upper boundary.
If the price rejects this resistance zone, it could signal a resumption of the downtrend. Confirmation of bearish momentum, such as rejection patterns, bearish engulfing candles, or long upper wicks, would strengthen the likelihood of a downward move.
In this scenario, the next target for sellers would be the 1.02029 level. A break below this support could extend the bearish trend further toward lower levels.
Traders should closely monitor price action near the resistance zone for signs of rejection or a potential breakout.
Gold SIDEWAY and correction down next week✍️ NOVA hello everyone, Let's comment on gold price next week from 01/20/2025 - 01/24/2025
🔥 World situation:
Gold prices dipped late in the North American session but are still on track to end the week with gains of over 0.40%, as markets anticipate the inauguration of US President-elect Donald Trump. Currently trading at $2,701, down 0.44%, the yellow metal remains a preferred choice for investors amid political uncertainty.
Geopolitical tensions and US political developments continue to influence Gold’s performance. Despite steady mid-term US Treasury yields, Gold buyers were unable to drive prices higher for additional gains before the weekend.
🔥 Identify:
Gold hits large-frame resistance 2724, weakens and corrects short-term decline. Market awaits new economic policies of President Trump
🔥 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: $2724, $2748
Support : $2662, $2633
🔥 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