short term 1) short-term target
2) target and stoploss are mentioned in cahrt
3) no recommendation for buy and sell
4) Microcap Company
5) zero fundamental stock
Shorttrade
PPI - will Gold prices continue to adjust downward?⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) fell on Wednesday due to strong US consumer inflation figures, which reduced expectations of a rate cut by the Federal Reserve. However, it recovered during the Asian session on Thursday amid a weaker tone in equity markets. The prolonged higher interest rates by the Fed and concerns over the Middle East crisis are causing investors to turn to Gold as a safe-haven asset. Additionally, profit-taking in the US Dollar and lower US Treasury bond yields are also supporting Gold. Traders are now focusing on the US PPI data and Fedspeak for potential trading opportunities.
⭐️ Personal comments NOVA:
After yesterday's CPI data, suddenly all is well for the dollar. Today, another index assessing the level of US inflation PPI is predicted to continue to be positive for the dollar. Gold is under downward pressure
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2305 - $2303 SL $2297
TP1: $2312
TP2: $2320
TP3: $2330
🔥SELL GOLD zone: $2353 - $2355 SL $2360 Asian and European trading sessions
TP1: $2345
TP2: $2338
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
CL Chart Idea - 3/27/2024 - Bearish for next few days/weekOil Chart Idea - 3-27-2024
Bearish for next few days/week
IMO, It should retest the 0.382 (81.44 to 81.62) region and then goes back down to get liquidity from golden pocket (79.97 to 79.68).
Chart Idea - NQ Short -- 3/27/2024I am short on NQ if it breaks 18457. It touched the support two times already. MACD and RSI are pointing towards the downtrend in short term. I believe it should come down into golden pocket where you can see the FVG as well, fill it first and then decide where to go from there.
Short setup on NQ
Entry: Take short if 18457 level breaks
SL: 18527
TP: 18381 (0.5 fib level)
EURUSD Weekly Swing Trade - 4th April 2024I want to see price trade up to this premium FVG and OB.
In this area is prime for short positions.
Gold Correction Due - before this week market closePEPPERSTONE:XAUUSD
Following the principles of #ElliotWaves, when waves 1 and 3 form without any extension, then wave 5 tends to make approximately the same magnitude in the same amount of duration.
Wave 1 - Magnitude - ~ $76+ in ~ 2 D and 17 hrs
Wave 5 - Magnitude also made ~ $76+ (Short of 60 cents) in ~ 2D 11 hrs as of this post.
In this scenario, when there was no extension in the impulse waves, the correction would be till 0.618 to .50 Fib Retracement Level 2226 - 2200 Range.
Gold price approaches $2,300 price expectation⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) has surged to record highs of nearly $2,250 per troy ounce in the early Asian session on Monday. This increase is driven by several factors, including the anticipation of a shift in monetary policy by the Federal Reserve (Fed) in the second half of 2024, ongoing geopolitical tensions in the Middle East, and hopes for China's economic recovery.
The possibility of central banks implementing looser monetary policies could further drive up the price of gold. Currently, financial markets have factored in a 68.5% chance of a quarter-point interest rate cut by the US Fed before June, according to the CME Fedwatch Tool. Fed Chairman Jerome Powell affirmed on Friday that the recent inflation data in the US aligns with their expectations, maintaining their stance on potential interest rate cuts this year. It is important to note that lower interest rates could make gold a more attractive investment since it doesn't generate interest.
⭐️ Personal comments NOVA:
The FOMO from the market is huge, the new peak of Gold is gradually reaching $2300 according to experts.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2236 - $2234 SL $2230
TP1: $2242
TP2: $2255
TP3: $2267
🔥SELL GOLD zone: $2265 - $2267 SL $2272
TP1: $2260
TP2: $2250
TP3: $2236
⭐️ 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
Tilray approaching a swing trade and/or shorting opportunityNASDAQ:TLRY is approaching a resistance range and is at the top of a W pattern. It's rsi is also overbought above the 70 level. Volume is also trending upwards and has reached the level where the previous volume high (and price trend reversal) was.
The trading opportunity is around the 3 scenarios shown in the chart, with, due to the technical indicators mentioned above, scenario 2 and then 3 being the most likely.
Trading approach would be to wait until after the quarterly earnings are released and see if:
Scenario 1
The price breaks above the resitance range, apply a 3 day filter to ensure it's not a fakeout, and swing trade upwards to approx. $3.
Scenario 2
A more likely scenario, the price starts to decline and enter then enter into a short with a take profit at $1.60. Exact entry point for the trade might be difficult to determine, especially as the previous moves in price have been so explosive that there may not be an optimum tim eto enter, thus shorting would be a higher risk trade.
Scenario 3
Wait until the price reaches the support level since November 2023 (approx. $1.6) and enter a swing trade back up to the resistance range with an exit at approx. $2.5. To reduce risk, enter the swing with a combination of the RSI being at 30 and/or a 3 day filter to reduce the risk of the price breaking down from $1.6 to a new low.
Scenario 3.5
Same as scenario 3 but with the support level being around the DMAs and price range where the price movement faced some resistance on it's way up during mid-March 2024. A more likely scenario, the price starts to decline and enter then enter into a short with a take profit at $1.60. Exact entry point for the trade might be difficult to determine, especially as the previous moves in price have been so explosive that there may not be an optimum time to enter, thus shorting would be a higher risk trade.
NOTE:
Those with a risk appetite large enough may use the technical indicators mentioned in the first paragraph as enough of a comfirmation to enter a risky short trade:
Entry point: Now ($2.45)
Stop Loss: $2.70
Take Profit: $1.60
Risk:Reward ratio: 1:3
Gold moves in a wide range, sideways⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) is struggling to take advantage of the small gains made the previous day and is moving within a narrow range around the $2,170 mark during the Asian session on Tuesday. However, caution is advised before placing aggressive bearish bets on the precious metal and expecting a continuation of the recent significant decline from the record high near the $2,223 area reached last Thursday.
Last week, the Federal Reserve (Fed) projected a less restrictive monetary policy in the future and indicated that it remains committed to reducing interest rates by 75 basis points this year. As a result, the US Dollar (USD) bulls are on the defensive, which benefits the non-yielding gold price. Additionally, escalating geopolitical tensions are supporting the safe-haven XAU/USD and should help limit any significant downward movement.
⭐️ Personal comments NOVA:
The price range of $2150 - $2190 becomes the sideway range of Gold price, waiting to break the trend
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2150 - $2152 SL $2145
TP1: $2160
TP2: $2170
TP3: $2180
🔥SELL GOLD zone: $2188 - $2190 SL $2195
TP1: $2180
TP2: $2170
TP3: $2160
⭐️ 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
AUDJPY - 1H - Bearish Flag - Short EntryIn this chart we have observed a Bearish Flag, but we also spotted that there is a Bullish Divergence and candle sticks are making HH & HL which indicate it is a Bullish trend.
There might be a chance of UPTREND, but we are following Bearish FLAG and we have executed entry & exit points accordingly.
Gold price sideway is stable above $2150 - $2180⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) remains above the mid-$2,100s in the early hours of Asian trading on Monday. The increase in the value of the yellow metal is supported by the likelihood that the US Federal Reserve (Fed) may reduce interest rates later this year. Traders are anticipating the release of the US Gross Domestic Product (GDP) figures for the fourth quarter (Q4), which are expected to stay stable at 3.2%, in order to gain new momentum. Currently, the price of gold is trading around $2,168, with a gain of 0.15% for the day.
Last week, after its March meeting, the Fed decided to keep its benchmark interest rate unchanged within the range of 5.25% to 5.50% for the fifth consecutive time. Fed Chairman Jerome Powell hinted that the central bank was planning three interest rate cuts in 2024, which increased investor demand for the precious metal and caused the price of gold to rise. According to the CME FedWatch Tool, investors have priced in a 72% chance that the Fed will begin cutting rates at the June meeting, up from 65% before the rate decision.
⭐️ Personal comments NOVA:
After the terrorist incident in Russia, Gold price increased slightly and returned to above $2170. Stable sideway $2150 - $2180 continues to wait for new moves and information from the FED
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2150 - $2152 SL $2145
TP1: $2160
TP2: $2170
TP3: $2180
🔥SELL GOLD zone: $2183 - $2185 SL $2190
TP1: $2175
TP2: $2165
TP3: $2150
⭐️ 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
[SHORT] take a breath and rest for a whileCurrently could be a bulltrap. Low price, low volume. We’ll see on that solid zone. Still a lot of news incoming before btc halving.
Respect: my personal analysis. NFA
Gold price continues to adjust !! XAU decrease⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) is facing difficulties in taking advantage of the rebound it experienced from the support level of the 100-hour Simple Moving Average (SMA) around the $2,166-2,165 range. Instead, it is declining during the Asian session on Friday. Despite the Federal Reserve's (Fed) policy update on Wednesday, investors are shifting their focus away from it as the US Dollar (USD) has shown a strong comeback due to optimism surrounding the growth of the US economy. This, coupled with the higher yields of US Treasury bonds and the prevailing risk-on sentiment, are the main factors causing downward pressure on the safe-haven precious metal.
⭐️ Personal comments NOVA:
Gold price after creating a new peak at $2222, decreased immediately then returned to the $2170 area. Currently, economic data is still supporting the dollar
Information, FED keeping interest rates unchanged and world political tensions are still the driving force for Gold prices to increase in the near future.
The DOWN correction is likely to continue today
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2147 - $2145 SL $2140
TP1: $2155
TP2: $2162
TP3: $2170
🔥SELL GOLD zone: $2193 - $2195 SL $2200
TP1: $2185
TP2: $2170
TP3: $2160
🔥SELL GOLD zone: $2188 - $2186 SL $2191 scalping
TP1: $2184
TP2: $2180
TP3: $2170
⭐️ 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
Potential Impact of US PCE Data on GBPUSD MovementTomorrow's US PCE data might cause big changes in this pair's value. What do you think about GBPUSD, traders? It's now moving back to where it broke after breaking its usual direction. Once it finishes this movement back, it's likely to drop to a certain level at least.
USOIL - 1H - RISING WEDGE - SHORT ENTRYIn this chart we have seen a series of HH & HL but in the rising wedge formation which means if it breaks the previous HL then it will rally a down trend. We also spotted a bearish Divergence which also support the short entry
AUDCHF - 1H - DOUBLE TOP - SHORT ENTRYIn this chart we have spotted a DOUBLE TOP and we precise an entry accordingly. There is a slight Divergence spotted, which might be a chance of reversal.
AUDNZD - 1H - DOUBLE TOP - SHORT ENTRYIn this chart we see a series of HH & HL and at the top point we spotted a DOUBLE TOP with no new HH. On that basis we have decide to take a short entry.
Expecting More Downside in EURUSD Hi,
The daily TF is suggesting a shortterm bearish trend. So my trade is as follows:-
Action:- Sell
Price:- 1.08585
Stoploss:- 1.08686
TakeProfit:- 1.08125
Just sharing my personal trade in EurUsd and this is not an investment advise
EUR / JPY !! SELL NOW resistance zone ⭐️ Smart investment, Strong finance
⭐️ EUR/ JPY INFORMATION:
The price touched the long-term resistance zone H4, overbought. There is no important economic news on EURJPY, setting up a SELL signal
⭐️ SET UP EUR/ JPY PRICE:
🔥SELL zone: 163.450 - 163.600 SL 164.000
TP1: 163.100
TP2: 162.800
TP3: 162.500
⭐️ 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 is in a short-term DOWN trend⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) hovers around $2,155 in early Asian trading on Monday. US inflation data suggests a potential delay in interest rate cuts by the Federal Reserve (Fed), causing a downtick in the yellow metal. However, positive developments in Chinese stimulus measures or strong demand from China could lift gold prices. The Fed may hold its interest rate at the March meeting, as they need more evidence of inflation easing before considering a rate cut. This could diminish the appeal of non-yielding metals and impact gold prices.
⭐️ Personal comments NOVA:
Gold price broke through the $2,150 support zone in the opening session of the week.
Shows that the corrective DOWN trend continues to prevail
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2135 - $2137 SL $2130
TP1: $2142
TP2: $2150
TP3: $2160
🔥SELL GOLD zone: $2163 - $2165 SL $2170
TP1: $2155
TP2: $2148
TP3: $2140
⭐️ 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
Friday of volatility! Gold adjusted DOWN⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) faced renewed selling pressure on Thursday and declined closer to the weekly low in response to the US Producer Price Index (PPI), which was higher than expected. This data indicated persistent inflation and dampened market expectations for early interest rate cuts by the Federal Reserve (Fed). As a result, US Treasury bond yields rose, boosting the US Dollar (USD) and prompting investors to move away from gold, which does not generate interest.
However, the markets still believe there is a higher likelihood that the US central bank will begin cutting interest rates in June. This, combined with a risk-off sentiment, helped attract some buyers for gold before it reached the $2,150 level, leading to a slight positive bias during the Asian session on Friday. Nevertheless, the XAU/USD remains within a familiar range as traders await more clarity regarding the Fed's stance on rate cuts before making any significant moves. Consequently, all eyes are on the upcoming FOMC meeting next week.
⭐️ Personal comments NOVA:
Positive data for the dollar this week, caused Gold to correct DOWN. In line with the technical chart, Gold prices continue to decline
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2137 - $2135 SL $2130
TP1: $2145
TP2: $2152
TP3: $2160
🔥SELL GOLD zone: $2170 - $2172 SL $2176
TP1: $2164
TP2: $2155
TP3: $2146
🔥SELL GOLD zone: $2188 - $2190 SL $2195
TP1: $2180
TP2: $2170
TP3: $2160
⭐️ 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
PPI - Continue to adjust DOWN XAU⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Traders may also be hesitant and inclined to wait on the sidelines prior to the commencement of the two-day FOMC monetary policy meeting, scheduled to begin next Tuesday. In the interim, the release of Thursday's US macroeconomic data, including the monthly Retail Sales, the Producer Price Index (PPI), and the customary Weekly Initial Jobless Claims, could potentially impact the dynamics of the USD price. These factors, along with US bond yields and overall market sentiment, may play a role in creating short-term trading prospects within the Gold price.
⭐️ Personal comments NOVA:
Continuing to expect a correction from Gold, US economic data this week is assessed optimistically
Need price range of $2100 for Gold to accumulate more buying power
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2146 - $2144 SL $2140
TP1: $2150
TP2: $2155
TP3: $2160
🔥BUY GOLD zone: $2136 - $2134 SL $2130
TP1: $2145
TP2: $2152
TP3: $2160
🔥SELL GOLD zone: $2198 - $2200 SL $2205
TP1: $2180
TP2: $2165
TP3: $2150
⭐️ 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
EURCHF Longer term / Swing Shorts As per the video I think EURCHF is at a good place with great RR to enter some short positions. For months the trend has been downwards and I'm hoping to catch that trend again down to the next point.
