Is $2600 approaching XAU price?⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) climbed for the third consecutive day, hitting a new all-time high of $2,589 during Monday’s Asian session. Traders are factoring in the possibility of a larger Fed rate cut due to signs of easing US inflation, which has weakened the US Dollar near its yearly low, boosting gold.
Additionally, US political uncertainty and ongoing geopolitical risks continue to support demand for the safe-haven metal. However, a positive tone in global equities limits further gains. Traders are cautious ahead of key central bank decisions from the Fed, BoE, and BoJ this week.
⭐️ Personal comments NOVA:
Gold price is still on the path to increase in price to reach a new ATH - Positive FOMO from the market before the news of interest rate reduction this week
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2565 - $2563 SL $2558
TP1: $2572
TP2: $2580
TP3: $2590
🔥BUY GOLD zone: $2551 - $2549 SL $2544
TP1: $2557
TP2: $2563
TP3: $2570
🔥SELL GOLD zone: $2600 - $2602 SL $2607
TP1: $2590
TP2: $2575
TP3: $2560
⭐️ 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
- The winner is the one who sticks with the market the longest
Longsetup
My New Signal Strategy Has 100% Accuracy!Traders,
This is insane! My jaw literally dropped when I back-tested my new signal strategy. While I was playing around on the charts, as I do, with a couple of different indicators, by sheer chance I discovered a combination of indicators that I had never seen or heard any trader ever discuss. I had seen them discussed individually. But no one that I know has ever paired the two indicators. And while I was tracking the signals that they threw at me after some customization, I noticed something that I could not believe! In back-testing the combination on a daily basis, they showed 100% accuracy on Bitcoin for the last 2 years! I repeat 100%!
Now, I know my critics will be quick to point out that many indicators will repaint. And yes, this is true. My indicator system does also repaint. However, even with the repainting, the system still can be utilized with a +90-95% success rate pending assets.
This is why I have told all of my subscribers that I am completely ditching my old model of trading which involved an abundance of work analyzing, drawing levels, drawing trend lines, drawing patterns, and other manual activities. I will throw all of that away and replace it with this new signal model and I plan to implement this model completely starting in October.
But before then, I have a little work to do and so I wanted to at least give you all (especially my faithful paid subs ...love you guys!) a sneak peek of what I am looking at.
So, here it is.
The green vertical lines show us where we receive our buy signal. The red vertical lines show us where we are told to sell. In this example, I go one year back to September of 23 but you can go all the way back to September of 22 and still see 100% signal accuracy. I did not track it farther back than this. I am already ecstatic to have found this kind of success rate!
I also tracked the time between trades. We start with our longest trade entry on September 12th, 2023. That's held for 103 days until we are given a SELL signal indicated by the vertical red line. At that point, we can go short or just sit the sidelines. It is another 33 days until we are given a BUY. You get the idea.
The average time per trade is definitely longer than our current average of 15 days. But will you all mind with this kind of success? I am assuming not.
One more thing to note and something I think is cool is that the indicator often gives 2 or more chances to buy or sell. This means that if you follow my channel and miss a signal immediately, that may be okay. You might actually have a second chance for entry such as most recently with Bitcoin. It has given us two chances to BUY thus far since August. And yes, I just gave away a free signal.
You're welcome.
Can't wait to implement this system ya'll. Hope you'll be as excited as I am rn once we work out a few of the wrinkles.
More to come.
Stew
XLM (Stellar) is looking very good in the short, and long term!XLM is creating a very nice-looking chart and could be preparing to appreciate significantly in the coming months or years. The longer-term aspect clearly shows that it’s trading towards the bottom of the current range and could be a very good buy at or below current levels.
Good luck, and always use a stop loss!
TATAMOTORSHi guys,
In this chart i Found a Demand Zone in TATAMOTORS CHART for Positional 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
SIGACHIHi guys,
In this chart i Found a Demand Zone in SIGACHI CHART for Positional 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
Scalp $SEI: Long Setup | 13.09Hello Friends, I am back with another scalp. I will try to share as most of them in here as I can 🤝
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Entry: 0.29822 🎯
DCA: 0.29005
SL: 0.27974
Note:
Got this long idea here on SEI which I want to bid with 2 entrys so I am DCAing this scalp. It is on the 2H chart with a little wider stop loss than the latest scalps but also a higher target so the RR isn't bad.
We have build higher highs since 7 days on BITGET:SEIUSDT.P and it seems at if it would continue to do so and for the possibility of a wick lower I am placing the DCA bid.
Please remember, the weekend is about to start and sometimes the prica action can become a little weird over the weekend.
FOMC - Special important information next week ✍️ NOVA hello everyone, Let's comment on gold price next week from 9/16 - 9/20/2024
🔥 World situation:
Gold prices soared to a new all-time high of $2,586, driven by a weakening US Dollar on Friday. Expectations of a larger Fed rate cut are fueling the rally, with some predicting gold could reach $3,000. XAU/USD is currently trading at $2,582, up nearly 1%.
CME FedWatch Tool data shows increased bets on a 50-basis-point rate cut by the Fed, jumping from 27% to 43% after a Wall Street Journal article by Nick Timiraos and comments from former New York Fed President William Dudley. Meanwhile, odds for a 25 bps cut fell to 57%.
🔥 Identify:
Gold price officially created ATH 1 week before FOMC, this is the psychology that FED will almost certainly lower interest rates next week. The higher ATH target next week continues to take place but not too large. Expected new ATH zones: 2602, 2638
🔥 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: $2602, $2638, 2676
Support : $2559, $2531, 2505
🔥 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
SWING IDEA - PRISM JOHNSONPrism Johnson , a key player in the building materials sector, is showing promising technical indicators that suggest a potential swing trade opportunity.
Reasons are listed below:
Break of Cup and Handle Pattern : The stock has broken out of a cup and handle pattern, which is a bullish continuation signal, indicating the potential for further upside movement.
Support at Crucial Zone of 150-160 : The stock is taking strong support around the 150-160 zone, a critical area that has previously acted as a strong support level.
Bullish Engulfing on Weekly Timeframe : A bullish engulfing candle on the weekly chart adds to the bullish sentiment, signaling a strong reversal from the support zone.
Double Bottom Pattern on Weekly : The formation of a double bottom pattern on the weekly timeframe further strengthens the bullish case, indicating a potential reversal from a major support area.
50 EMA Support on Weekly Timeframe : The stock is currently supported by the 50 EMA on the weekly chart, indicating that the long-term trend is intact.
Target - 199 // 220 // 250
Stoploss - weekly close below 142
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
ZRO Analysis on Low TF / Long Trigger on Specified AreaBINANCE:ZROUSDT
In this post we have a three-drive pattern on ZROUSDT.
This pattern is very suitable for short positioning. Our short trade entry point is activated when the price breaks the lower line of the pattern and does not return above it.
Also, after the formation and completion of the three-drive pattern, when the price reaches the nearest important support area, it can trigger a price reversal.
In a price reversal strategy, multi-step entry inside the support zone will give the best results.
Hope this post helps you all.
Please let me know what is your idea?
XAU / USD ! Upward price trend awaits ! 4th quarter 2024🔔🔔🔔🔔 NOTE
XAU/USD overview: in September 2024
🔥One thing worth noting:
✅7 resistance tests: 2528-2531
✅3 times support testing: 2472-2470
Another very important price zone at the end of 2024. Decide the future trend for Gold
🔥With 7 resistance tests: shows that buyers have the majority - overwhelming. However, it cannot be overcome. NOVA thinks the main reason is because large funds - coordination of countries want to adjust prices to reach ATH at the appropriate time (for example: September interest rate reduction, November US presidential election).
🔥Technical H4 frame: supports a very nice Uptrend
🦋🦋Technical - economic / political combination. To decide the appropriate trend and time
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NEW ATH: 2560 - 2590 - 2650
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⭐️ 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
EURUSD Hits Resistance, Risk of Decline to 1.10000 USDEURUSD is trading around 1.10756 USD after hitting resistance at 1.10934 USD and showing signs of a correction.
If the price fails to break through the descending resistance, the pair may drop to the support level of 1.10000 USD.
The EMA 34 and EMA 89 support the short-term uptrend, but downward pressure is increasing.
If the 1.10000 USD support holds, EURUSD could recover.
News from the ECB and U.S. economic data will play a crucial role in EURUSD's next moves.
Gold Hits Record High Above 2,570 USDXAUUSD is trading around 2,578 USD after breaking through a key resistance level.
The upward trend remains strong with solid support at 2,560 USD.
There is a possibility of a pullback to this support zone before continuing the rise toward 2,612 USD.
In terms of news: The 10-year US Treasury yield remains in the red, below 3.7%, as markets reassess the likelihood of significant Fed rate cuts, which is boosting XAUUSD higher.