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GDP ! Opportunities for Gold to continue rising this week⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) continues its sideways movement for the second day on Thursday, staying close to the recent record high. Traders are holding off ahead of Federal Reserve (Fed) Chair Jerome Powell's speech, which could offer insights into future interest rate cuts and influence gold’s next direction. Meanwhile, expectations of another significant rate cut by the Fed haven't helped the US Dollar (USD) recover from its recent low. Additionally, escalating tensions in the Middle East and concerns about China's economic recovery, despite stimulus efforts, support gold as a safe-haven asset. However, with gold slightly overbought, caution is advised before betting on further gains. ⭐️ Personal comments NOVA: Uptrend is still the main trend - Today there continues to be US GDP news, waiting for the FOMO price increase to continue for Gold, a green week for XAU / USD ⭐️SET UP GOLD PRICE: 🔥 BUY GOLD zone: $2643 - $2641 SL $2638 scalping TP1: $2648 TP2: $2652 TP3: $2660 🔥 BUY GOLD zone: $2627 - $2625 SL $2620 TP1: $2635 TP2: $2645 TP3: $2660 🔥 SELL GOLD zone: $2683 - $2685 SL $2690 TP1: $2670 TP2: $2655 TP3: $2640 ⭐️ 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
OANDA:XAUUSDLong
by Nova-Scalper
8
XAU/USD: Is a Price Rally or Correction on the Horizon?The XAU/USD chart on September 26 reveals an intense battle as gold prices hover around $2,667, just after reaching a peak of $2,671.946. Buyers are making the most of two strong defensive walls: The EMA 34 at $2,639 and EMA 89 at $2,600. These shields are preventing any deep corrections, helping to sustain the robust bullish momentum. However, all eyes are now on the critical resistance at $2,671 – a significant psychological barrier. This level will determine whether gold can break through and climb to new highs, with a potential target of $2,702, or face a correction back to the support zone around $2,651 before resuming its upward trend. With the RSI reaching 69.45, the market is nearing the overbought zone, further increasing the likelihood of a pullback. Amid hot economic data from the U.S. and key speeches from the Fed, major market moves could happen at any moment.
OANDA:XAUUSDLong
by Zola_Hello
NTRA: Entry, Volume, Target, StopEntry: above 132.01 Volume: above 1.34M Target: 142.90 area (this is an area, no guarantees, you should be selling on the way up) Stop: Depending on your risk tolerance; Based on an entry of 132.02, 126.58 gets you 2/1 Reward to Risk Ratio. This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not enter a trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
NASDAQ:NTRALong
by tradepatiently
1
EURUSDEURUSD . Potential long opportunity. Our previous idea for EURUSD has been correct . We believe that EURUSD will continue to the upside after coming down to our PBA 1 (Pull Back Area) . Our entry is sitting at the pullback area at 1.11363 . Break above our PBA 2 would result in higher highs . Our TP (Take Profit) is sitting at 1.12300 . If price falls below our PBA 1 it would invalidate our trade idea. SL (Stop Loss) is set at the break of our PBA 1 at 1.11110 . PARAMETERS - Entry: 1.11363 - SL: 1.11110 - TP: 1.12300 KEY NOTES - EURUSD has fallen to our PBA 1. - DXY still weak. - Break above PBA 2 would confirm higher highs. - Break below PBA 1 would invalidate the trade idea. Happy trading! FxPocket
Long
by FxPocket
Emerging Bullish Cypher on EURJPY Signals Rally ContinuationHello Traders, Below is my short-term outlook of EURJPY. An emerging bullish Cypher pattern has been identified on EURJPY (M15 timeframe). This pattern signals a brief market correction, allowing new buyers to join the EURJPY rally. Completion of this pattern is expected around the 159.592–159.060 region, followed by a likely bullish continuation. Price targets are 160.21, 160.762, and 161.660, with the outlook being invalidated if the price closes below 159.050. Do let me have your take on this pair in the comment below. Cheers and Happy Trading.
Long
by Samuel124
SWING IDEA - MACROTECH DEVELOPERS (LODHA)Macrotech Developers , a prominent real estate company in India, presents a swing trading opportunity based on its current technical setup. Reasons are listed below: 1200 as a Strong Support Zone : The 1200 level has been a significant support zone, providing a strong foundation for a potential upward move. Double Bottom Pattern on Daily Timeframe : A double bottom pattern has formed on the daily chart, which is a classic bullish reversal pattern, indicating the potential for an upward trend after testing the support zone twice. 50 EMA Support on Weekly Timeframe : The stock is finding support at the 50-week exponential moving average, which often acts as a strong support level, reinforcing the bullish sentiment. 200 EMA Support on Daily Timeframe : The 200-day exponential moving average is also providing strong support on the daily chart, indicating the long-term trend remains intact. 0.382 Fibonacci Support: The stock has bounced off the 0.382 Fibonacci retracement level, suggesting that the current price level is a strong support area, and there may be further upside potential. Target - 1415 // 1600 Stoploss - weekly close below 1100 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
NSE:LODHALong
by Visionary_Growth_Insights
7
SWING IDEA - PVR INOXPVR INOX , a leading cinema exhibition company, is displaying technical indicators that suggest a promising swing trading opportunity. Reasons are listed below : 1440 Resistance Zone : The 1440 level has been a significant resistance zone. The price is now attempting to break through this level, indicating strong bullish momentum. Bullish Engulfing Candle on Daily Timeframe with Volume : The recent formation of a bullish engulfing candle on the daily chart, accompanied by increased volume, suggests strong buying pressure and potential for further upward movement. Breaking 5-Month Consolidation : The stock is breaking out of a 5-month consolidation phase, signaling a potential new bullish trend. Double Bottom Pattern on Weekly Timeframe : The formation of a double bottom pattern on the weekly chart indicates a potential reversal from the downtrend, signaling a bullish outlook. Bouncing Back from Golden Fibonacci Support : The stock is finding support at the golden Fibonacci retracement level (0.618), a key area where prices often bounce back, indicating potential for an upward move. Target - 1560 // 1720 // 1825 Stoploss - daily close below 1330 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
NSE:PVRINOXLong
by Visionary_Growth_Insights
9/25 ! XAU increased strongly ! New ATH 2682XAU / USD trend forecast September 25, 2024 Following the data release, US Treasury yields fell slightly, with the 10-year note dropping to 3.73%. The US Dollar Index (DXY) also declined by 0.42%, hitting a two-day low of 100.48. Fed Governor Michelle Bowman, known for her hawkish stance, emphasized significant inflation risks and supported a gradual approach to rate cuts to avoid reigniting inflation. Based on M30, NEW ATH to set up SELL signal /// SELL XAU : zone 2681-2684 SL: 2689 TP: 50 - 150 - 300 pips (2654) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
1
Apple: Entry, Volume, Target, StopEntry: above 237.23 Volume: above 51.91M Target: 250.84 area (this is an area, no guarantees, you should be selling on the way up) Stop: Depending on your risk tolerance; Based on an entry of 237.24, 230.44 gets you 2/1 Reward to Risk Ratio. This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not enter a trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
NASDAQ:AAPLLong
by tradepatiently
2
XAU is up strongly! 2640XAU / USD trend forecast September 24, 2024 On Monday, Fed regional presidents noted rising risks in the labor market but opposed a 50 bps rate cut, signaling a cautious approach for future meetings. This slowed the XAU/USD rally. However, escalating tensions between Israel and Hezbollah, with the US sending more troops to the Middle East, could boost Gold prices as risk appetite declines. Based on M45, NEW ATH to set up SELL signal /// SELL XAU : zone 2639-2642 SL: 2647 TP: 50 - 150 - 250 pips (2617) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
5
SOLUSDT: Increase while the price is still decreasing?Currently, SOLUSDT is trading within a descending channel, with significant selling pressure keeping it in check. From the chart, we can clearly see the strong support zone (super support) between $120-$130, which has been a key level where SOLUSDT has bounced multiple times in the past. At this point, it’s likely that SOLUSDT may continue to correct and test this support zone again before making a stronger move upward. The resistance around $180 has yet to be broken, indicating that the longer-term downtrend remains intact. If SOLUSDT fails to break the descending channel, we could see further downside movement towards the support zone before a potential rally. Forecast: SOLUSDT is likely to experience a slight pullback towards the support zone before possibly gaining momentum for a bullish rebound. Market sentiment and macroeconomic news will continue to influence this trend, especially as the cryptocurrency market faces ongoing volatility. Stay alert for any developments that might shake up the charts!
by Suyouu