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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
OANDA:XAUUSDShort
by Nova-Scalper
4
Short BTC Setup Based on Structure Break and Quasimodo Pattern Short BTC Setup Based on Structure Break and Quasimodo Pattern (1-Hour Time Frame) Here's a potential short setup for Bitcoin (BTC) using a structure break on the 1-hour time frame and the Quasimodo (QM) pattern, illustrated by the chart: Structure Break Analysis:Current Price: BTC is trading around $68,159. Key Levels: PDH (Previous Day High): $69,526.65 D-open (Day Open): $68,400 PDL (Previous Day Low): $67,159.03 Quasimodo (QM) Pattern: Higher High (HH): BTC reached a peak at $69,600. Higher Low (HL): A trough formed around $68,000. Lower High (LH): BTC formed a lower high at $68,400 (near the day open). Lower Low (LL): The potential lower low could be around $67,000 (near PDL). Entry and Execution: Entry Point: Short at the retest of the D-open level ($68,400) after the structure break. Stop Loss: Place above the recent lower high, around $68,500. Take Profit: Target the PDL level at $67,159 or adjust based on a favorable risk-reward ratio. Chart Analysis: The chart shows BTC breaking below the D-open level, indicating a potential bearish trend continuation. The Quasimodo pattern suggests a bearish reversal, with BTC forming a lower high and breaking below the higher low. By following this setup, traders can potentially capitalize on the bearish momentum in BTC. Remember to use proper risk management strategies to protect your capital.
ICMARKETS:BTCUSDShort
by TAMIone
1
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
OANDA:XAUUSDShort
by Nova-Scalper
2
ICT Short setup H4 timeframe SOLUSDT👋Hello Traders, Our 🖥️ AI system detected that there is an H4 or higher timeframe ICT Short setup in SOLUSDT for Swing trade. Of course SPY is in up trend in Daily chart, so this is a retracement trade for reference. Or you could consider to buy SPY after reaching the demand zone marked on chart. Please refer to the details Stop loss, FVG(Sell Zone),open for take profit. For more ideas, you are welcome to visit our profile in tradingview. Have a good day! Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
Short
by ICT_Trader_SB
1
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
OANDA:XAUUSDShort
by Nova-Scalper
3
Sell Laurus Labs cmp 431 target 380 stop 455Technically this stock has bearish structure on a hourly chart indicating weakness and fall to come in coming days. Fundamentally the recent quarters were extremely bad and it can easily correct to 380 levels. Big people seems to be distributing stocks on a higher levels, whenever demand become weak, the stock can easily correct 5% plus in a single trading session. So strongly recommend to aggressively short this stock and wait for big fall.
NSE:LAURUSLABSShort
by PrashantDahale
Gold recovered slightly in the first session of the week⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) gains strength on Monday, supported by a weaker US Dollar and escalating geopolitical tensions in the Middle East. The long-term outlook remains positive due to increased demand from central banks. However, expectations of fewer rate cuts by the Federal Reserve and a hawkish stance from Fed officials may put some selling pressure on gold as higher interest rates make it less attractive as a store of value. ⭐️ Personal comments NOVA: Gold price recovered slightly in the first session of the week, still in a DOWN correction in the H1 and H4 frames ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2306 - $2304 SL $2298 TP1: $2315 TP2: $2322 TP3: $2330 🔥BUY GOLD zone: $2321 - $2319 SL $2316 scalping TP1: $2326 TP2: $2332 TP3: $2340 🔥SELL GOLD zone: $2354 - $2356 SL $2361 TP1: $2348 TP2: $2340 TP3: $2330 ⭐️ 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
OANDA:XAUUSDShort
by Nova-Scalper
4
Sideway, correction DOWN!! XAU✍️ NOVA hello everyone, Let's comment on gold price next week from 5/27 - 5/31/2024 🔥 World situation: Gold price stabilized on Friday after two consecutive days of losses, increasing by 0.23%. However, it experienced a weekly decline of more than 3%, marking the largest weekly loss since December 2023. The better-than-expected US Durable Goods Orders data had a reduced impact due to a downward revision in the previous month's reading, which encouraged buying of gold. The XAU/USD is currently trading at $2,332 after reaching a daily low of $2,325. Gold traders reacted before the weekend as US business activity improved, reducing the likelihood of a rate cut by the Federal Reserve (Fed). As of now, fed funds rate futures estimate only a 25 basis point interest rate cut in 2024. 🔥 Identify: Gold price is in a DOWN correction, but sales volume is decreasing. Economics and politics are in a period of hesitation, Gold prices will mainly sideways in the range from $2300 - $2350 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: $2363, $2395, $2442 Support : $2306, $2280 🔥 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
OANDA:XAUUSDShort
by Nova-Scalper
1
BTC - Short Trade DetailsI suspect a massive short on bitcoin to take place. This is because DXY is showing a bearish breakdown on the monthly - with only a small upwards movement left before anticipated rejection from this bearish retest. This means an extended bull market - and this weekend period utilized to wipe long positions prior to this occurring. There are two major short entry points I can decipher on the chart. The first is 69,250 - which seems to be keeping price below at the moment. The second possibility is an initial move up to 69,900 to 71,000 and rejection from this location. My short targets in white are quite drastic. However again, DXY is showing signs of supporting a very lengthy bull market spanning the next 1-2 years. This to me serves as a justification for these extreme lows to be hit, otherwise I would not be suggesting something so drastic. This HTF bearish trend line supports targets as low as 8,000 - and it’s entirely possible that we don’t see a low that severe, however it is supported by a chart trend line and as such I will be taking it seriously until proven invalid. Happy trading.
Short
by DickDandy
2
Bitcoin - scalp ideaOur short-term take on Bitcoin focuses on the approach to the 4H supply zone and the high volume node area. We have set our stop loss just above the supply zone to manage risk effectively. The target is set at $67,350. As we approach this critical level, we need to observe how Bitcoin reacts to the lows. There is some uncertainty in the market at the moment, so it is essential to be cautious with trades. Stay alert and monitor the price action closely. Let’s see how this plays out. 🤝
Short
by stromm_by_wmc
PMI continues to pressure Gold downward !!⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) continues to decline due to the Federal Open Market Committee (FOMC) minutes being interpreted as more hawkish. This has limited the upside potential for gold. The cautious approach of the US Federal Reserve to maintain its restrictive policy for longer has boosted the strength of the US dollar, putting downward pressure on gold. Traders will monitor the preliminary reading of the US Manufacturing and Services Purchasing Managers Index (PMI) for May, as a weaker reading could spark hopes of rate cuts by the Fed and support gold prices. Geopolitical tensions, uncertainties, and inflation concerns may also provide some support for gold in the short term. Other factors to watch include the Chicago Fed National Activity Index, weekly Initial Jobless Claims, New Home Sales, and comments from Fed's Bostic. ⭐️ Personal comments NOVA: Gold fell after yesterday's FOMC meeting - quite tough statements on inflation. When the Gold price reaches a new ATH peak, it is obvious that a downward adjustment will create more liquidity for the market, the price will continue to be under selling pressure today and tomorrow. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2347 - $2345 SL $2340 TP1: $2352 TP2: $2360 TP3: $2370 🔥SELL GOLD zone: $2403 - $2405 SL $2410 TP1: $2395 TP2: $2380 TP3: $2370 ⭐️ 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
OANDA:XAUUSDShort
by Nova-Scalper
8