XAU ! 11/20 ! Gold sideways, holding above 2600XAU / USD trend forecast November 20, 2024
Gold prices (XAU/USD) continue their intraday retreat from the $2,642 level, a one-and-a-half-week high reached earlier on Wednesday, dropping to a new daily low during the early European session. The US Dollar (USD) gains support from dip-buying, fueled by a notable rise in US Treasury yields amid expectations of a more cautious approach to policy easing by the Federal Reserve (Fed). This shift in sentiment diverts investment flows away from the non-yielding yellow metal.
Gold price recovered, still maintaining above 2600, sideways price range 2600-2645
/// SELL XAU : zone 2629-2632
SL: 2637
TP: 50 - 100 - 300pips (2602)
Safe and profitable trading
Sellsignal
Tuesday Short Signal Alert!Gold First you take Buy till 2635 to 2639.
At2639-2642 there is Strong Zone for Sell So wait for Retest this level for sell Side. And Gold is Bearish trend So we have More chance for take this golden opportunity.after trump election USD stronger and Gold weak So over All gold chart is Falling.
Target is Mark For sell side 2633 and 2624.
GARWARE New Short Trade OpportunityGARWARE TECH (15-Minute Timeframe) - Short Trade Opportunity
Trade Setup:
A clear short trade setup has emerged on the 15-minute timeframe for Garware Tech using the Risological swing trading indicator . The entry signal indicates a strong bearish move, supported by the break below key support levels.
Key Levels:
Entry: 4419.05
Stop Loss (SL): 4602.05
Take Profit Targets:
TP1: 4192.90
TP2: 3827.00
TP3: 3461.05
TP4: 3234.90
Technical Indicators:
The bearish crossover and the downward trajectory of the moving averages highlight the weakening momentum. The Risological Swing Trader Indicator confirms a high-confidence short entry with well-defined targets.
Strategy Note:
Traders are advised to monitor price action near TP1 and TP2 for potential retracements. Adjust stop-loss levels dynamically as the trade progresses to protect profits.
This short trade setup offers a promising risk-reward ratio for intraday traders! Stay disciplined and let the technicals lead the way.
No NEWS, Opportunity for gold to continue to recoverSCALPING XAU / USD
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) remain steady during the early European session, hovering near $2,620, slightly below Tuesday’s one-week high. Persistent geopolitical tensions, including the prolonged Russia-Ukraine conflict and unrest in the Middle East, continue to fuel safe-haven demand for the precious metal for a second consecutive day. However, expectations of a less aggressive rate-cutting approach by the Federal Reserve (Fed) limit further gains for the non-yielding Gold.
⭐️Personal comments NOVA:
Small frame, gold buying pressure is still large, positive recovery, price will still move within the range of 2600 - 2644
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2603 - $2601 SL $2598
TP1: $2610
TP2: $2618
TP3: $2625
⭐️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/CAD Breaks Uptrend Line: Is a Downward Movement Imminent?The GBP/CAD pair has exhibited considerable strength since April 2024, climbing steadily until it reached key resistance at approximately 1.8070. This resistance area is close to the highest level seen since 2018, when GBP/CAD traded around 1.8400.
Following its engagement with resistance on the daily chart, the price began to show signs of exhaustion. On 12 November, the pair broke below its established uptrend line, indicating a potential reversal or, at the very least, a deeper corrective pullback in the short term.
Support and Resistance Context
Historically, once a support level is breached, it often transforms into resistance. Thus, the area where GBP/CAD broke the uptrend line may now act as a barrier preventing further price increases.
Resistance and Fibonacci Confluence
The breakout point of the ascending trendline now corresponds to the zone between the 38.2% and 50% Fibonacci retracement levels of the recent downward movement. This area, which previously provided support to the price, is positioned to play a vital role as resistance during any corrective phase.
Potential Selling Opportunity
The break below the trendline indicates a potential weakening in bullish momentum. A retracement to the 38.2% to 50% Fibonacci region would constitute a healthy correction, allowing sellers to position themselves at a key technical confluence.
This retracement area aligns with the prior breakout point of the trendline and coincides with a newly established resistance level, significantly increasing the likelihood of price rejection.
Sell Entry : A viable selling opportunity may arise if the price retraces to the 1.7870 to 1.7930 zone and displays signs of rejection, such as the formation of a Pin Bar or Engulfing candlestick pattern on the daily chart.
Target Projections : The initial target could be set at the recent low of 1.7700, with a further extension down to 1.7300, where the price may find new support. Notably, the 1.7300 level represents a crucial historical resistance that could now serve as significant support.
Stop Loss : A protective stop loss should be positioned above the 1.8070 level, the historical resistance, to shield against a potential reversal in the upward trend.
An alternative scenario
While the resistance observed on the daily chart is significant, traders should remain vigilant for a potential breakout above this level, as it could propel the GBP/CAD towards the next resistance target of around 1.8400. Additionally, the upcoming release of the Consumer Price Index (CPI) for the British Pound on Wednesday is a crucial factor to consider, as it may set the tone for future monetary policies in the UK.
If inflation comes in higher than anticipated, it could lead to a more restrictive monetary policy in the medium term. Should this occur, GBP/CAD might break through the resistance level and continue its upward trajectory on the daily chart.
In this scenario, a buying opportunity could materialise if the CPI data exceeds expectations and the price successfully breaks above the resistance level. An initial target for this trade would be the 1.8400 region, where the price may encounter additional resistance.
In Summary
GBP/CAD is at an important level in the daily chart, with both Buying and Selling possibilities depending on what comes next. From a technical point of view, a Sell opportunity can appear if the price respects the 1.7870 ~ 1,7930 region.
A buying opportunity could appear depending on Consumer Price Index data to be released on Wednesday and the breakout of a resistance level at 1.8200.
Disclaimer:
74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
USD/ JPY ! 11/14 ! JPY value will increaseUSDJPY trend forecast November 14, 2024
The Japanese Yen (JPY) remains under selling pressure during the Asian session on Thursday, helping USD/JPY reach the 156.00 level for the first time since July 23, supported by a strong US Dollar (USD). Market sentiment suggests Japan’s political climate may hinder the Bank of Japan (BoJ) from further tightening its policy, which weakens the JPY. Additionally, worries about potential trade tariffs from US President-elect Donald Trump add further pressure on the Yen.
The dollar is benefiting from the new president trump FOMO, but it is cooling down soon.
The Japanese yen also has new moves with the new prime minister, helping the value of the Japanese yen increase further.
/// SELL USD/JPY : zone 156.100 - 156.400
SL: 156.700
TP: 40 - 100 - 200 pips (154.400)
Safe and profitable trading
Continue downtrend - target 2506 coming soon✍️ NOVA hello everyone, Let's comment on gold price next week from 11/18 - 11/22/2024
🔥 World situation:
Gold prices fell for the sixth consecutive day, heading for a weekly loss of over 4%—the steepest since September 2023. Federal Reserve Chair Jerome Powell's mildly "hawkish" remarks strengthened the US Dollar, reducing demand for gold. As of now, XAU/USD trades at $2,564, down 0.17%.
On Thursday, Powell stated that the Fed is not in a hurry to cut interest rates, citing a resilient economy, a robust labor market, and inflation still above the 2% target.
🔥 Identify:
The decline in gold will continue as money is being drawn to other opportunistic financial sectors, the decline could be prolonged, sending gold prices to 2500 or 2400.
🔥 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: $2590, $2610, 2645
Support : $2539, $2504
🔥 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 ! 11/14 ! still a strong decreaseXAU / USD trend forecast November 14, 2024
The US Dollar gained strongly as markets had largely anticipated a 25-basis-point hike by the Federal Reserve at its December meeting. CME FedWatch Tool data shows the odds have increased from 58% to 82%. The DXY index, which measures the Dollar’s strength against major currencies, reached a year-to-date high of 106.52, just above the previous high of 106.51 from April 16, and is currently around 106.49, up 0.50%.
yesterday's sharp drop - continues to make investors believe prices will fall further: 2500
/// SELL XAU : zone 2574-2577
SL: 2580
TP: 50 - 100 - 150pips (2561)
/// SELL XAU : zone 2590-2593
SL: 2598
TP: 50 - 200 - 300pips (2563)
Safe and profitable trading
Gold reduced! The target is aimed at 2514⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) extends its decline for the fifth consecutive session, hitting its lowest level since September 19 near $2,558 during Thursday’s Asian session. Persistent US Dollar (USD) strength, fueled by optimism over President-elect Donald Trump's pro-growth policies and expectations of a Federal Reserve (Fed) pause in easing, keeps pressure on the non-yielding metal. Elevated US Treasury yields and a strong USD, which reached its highest level since November 2023, further weigh on Gold.
Additionally, Wednesday's US Consumer Price Index (CPI) report signaled slower progress in reducing inflation, suggesting fewer rate cuts in 2024. Coupled with a bullish run in US equity markets, this has driven investors away from Gold. Traders now await the US Producer Price Index (PPI) release for near-term direction, with attention on Fed Chair Jerome Powell's speech later today.
⭐️Personal comments NOVA:
The H4 price frame shows a strong downtrend, pay attention to the support zone, buyer liquidity here is quite large 2548
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2580 - $2582 SL $2587
TP1: $2565
TP2: $2550
TP3: $2530
🔥BUY GOLD zone: $2515 - $2513 SL $2508
TP1: $2525
TP2: $2540
TP3: $2560
🔥BUY GOLD zone: $2548 - $2550 SL $2545 scalping
TP1: $2558
TP2: $2564
TP3: $2570
⭐️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
AVAX Short Signal (Fibonacci Harmonic Gartley)🔻 On the 30-minute timeframe, AVAX is approaching the $36 level. If the price reaches this zone and is rejected with a strong momentum candle, there’s a high probability of completing a Harmonic Gartley pattern, which could push the price towards the $30 level.
🔻 If the price reaches $30 and fails to show strong support, the next potential target would be the $27 support zone. This scenario presents a lower-risk opportunity for a short entry.
⚠️ Note: This signal goes against the prevailing uptrend and is considered a higher-risk trade. If the identified trendline breaks, entering a short position would be less risky.
💡 While this is a short setup, remember that we’re still in an overall uptrend. Any of the mentioned support zones could present excellent buying opportunities later on. Be sure to assess the strength of support at each level carefully.
📝 Proper risk management and stop-loss placement are crucial for this position.
Gold maintains a strong downtrendSCALPING XAU / USD
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
The CME Group's FedWatch Tool shows the likelihood of a 25-basis-point rate cut at the next FOMC meeting has surged to over 80%, up from under 60% on Tuesday. Dallas Fed President Lorie Logan remarked that while significant progress has been made in lowering inflation, the central bank should move forward carefully.
⭐️Personal comments NOVA:
After breaking the D frame support zone (2550), the downtrend will continue, waiting for the SELL SCALPING TEST 2550 zone.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2549 - $2551 SL $2554
TP1: $2544
TP2: $2538
TP3: $2530
⭐️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
Supply zone breakout Alert!Now market is running near zone of strong supply 2611 to 2614 so I see strong water fall from here and also you see gold retest the lower low then continue to push up.
Liquidity is near at 2602 to 2600 so Gold first grab this liquidity after that we can see Gold on the Moon.
XAUUSD 100% CPI signal Alert!The latest CPI update is in, and with Trump elected as the new President of the U.S., we’re seeing a strong bullish reaction from the DXY while gold is in a steep decline.
We have two scenarios to consider:
Scenario 1: If the government pauses interest rates until the new administration is in place, we may initially see a bullish spike in gold, followed by a decline.
Scenario 2: If the government cuts interest rates by 0.5%, we could see gold drop by approximately 200 to 300 pips.
Short-Term Bitcoin Analysis - Short Opportunity!🔹 Double Top Pattern: In the 30-minute timeframe, a clear double top reversal pattern is forming, indicating a potential trend reversal from bullish to bearish.
🔹 Short Position: A short position is activated when the price breaks below $85,070. The price is expected to drop towards $80,600.
🔹 Price Target: The price target based on the distance between the peaks and the neckline is around $80,600.
Grab Your XAUUSD Scalping Chance!Market Analysis Summary:
Buy Opportunity: Targeting the 2620 zone from the 2606-08 level.
Sell Opportunity:
Market Structure: Overall bearish trend, indicating potential downward movement.
Upcoming Events: CPI report is on the horizon, which could introduce market volatility.
Key Points to Consider:
Monitor the 2730-27 zone for entry signals.
Watch for price action around 2690 for potential reversals.
Be prepared for fluctuations around the NFP release.
Stay informed and adjust your strategies accordingly!
GBPJPY possible for another dropHey guys,
based on the chart price reach a key level and and a bearish reaction of sellers is visible on 15min timeframe and again if we change the time frame to 1H again we can see another foot print of sellers on candlestick chart.
So based on this scenario we can consider this movement as bearish.
Good luck
DOGEUSDThi
For now, we don't have any positive signal and the best case is to wait; If the $0.12172 resistance range is completely consumed, we can expect a break of the descending channel and an uptrend.
But now, due to maintaining the downward channelized movement, the probability of the continuation of the downward trend is higher.
What do you think?
11/12 ! XAU ! Bears determined to continue to lower pricesXAU / USD trend forecast November 12, 2024
Gold dropped over 2.5% on Monday as the US Dollar surged to a four-month high. Speculation that a second Trump term might reignite trade tensions is supporting the USD's strength. XAU/USD is now trading at $2,611 after hitting a daily high of $2,686. This decline follows gold's worst weekly performance in more than five months after the election, with the US Dollar Index (DXY) up 0.6% to 105.57.
Gold prices continued to decline on Monday - returning to the 2610 zone. The 2606 support zone could help gold recover and stay above 2600 in the short term.
/// SELL XAU : zone 2654-2657
SL: 2662
TP: 50 - 150 - 300 pips (2627)
Safe and profitable trading
bearish cycle - bears dominate !! XAU / USD ⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) extended its losses on Monday, dropping over 2% to hit its lowest level since October 10 after its steepest weekly decline in five months. Strong US Dollar (USD) demand, driven by expectations of cautious Federal Reserve (Fed) policies and optimism over President-elect Donald Trump’s growth-focused agenda, pushed US Treasury yields higher and weighed on the non-yielding gold.
However, the decline paused near $2,600 amid concerns that Trump’s protectionist policies could harm the global economy, spurring some safe-haven demand. Any significant rebound remains limited due to the USD's strong bullish momentum. Investors are likely waiting for this week’s US inflation data and key speeches from Federal Reserve officials, including Chair Jerome Powell, before making further moves.
⭐️Personal comments NOVA:
Gold price moves in wave 3 according to Elliot, decreasing in price by the end of 2024
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2656 - $2658 SL $2663
TP1: $2648
TP2: $2635
TP3: $2620
🔥BUY GOLD zone: $2604 - $2602 SL $2599 scalping
TP1: $2610
TP2: $2620
TP3: $2630
🔥BUY GOLD zone: $2575 - $2577 SL $2570
TP1: $2585
TP2: $2593
TP3: $2600
⭐️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
XAU ! 11/12 ! Continue the downtrend ! 2580XAU / USD trend forecast November 12, 2024! SCALPING
Gold prices (XAU/USD) continue to decline during the first half of Tuesday's European session, dropping below $2,600 for the first time since September 20. Investors remain focused on the “Trump trade,” which strengthens the US Dollar to a four-month high, adding pressure to gold for the third consecutive day.
Additionally, expectations that Trump’s expansionary policies will drive economic growth and inflation are likely to restrict the Federal Reserve’s need for further easing. This keeps US Treasury yields high, diverting interest away from the non-yielding gold as markets await key speeches from prominent FOMC members.
break support 2610 - gold price continues to fall below 2600. Wait for retest 2610, SELL signal following downtrend
/// SELL XAU : zone 2608-2611 scalping
SL: 2614
TP: 40 - 80 - 150 pips (2596)
Safe and profitable trading
Gold enters a long-term bearish-adjustment cycle⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) adds to last week's heavy losses and remains under some selling pressure for the second successive day on Monday. The US Dollar (USD) holds steady below a four-month peak touched last week in the wake of optimism over Donald Trump's anticipated expansionary policies and turns out to be a key factor undermining the commodity. Furthermore, President-elect Trump has vowed to cut corporate taxes, which remains supportive of the risk-on mood and contributes to driving flows away from the safe-haven precious metal.
Meanwhile, expectations that Trump's policies could spur economic growth and inflation and restrict the Federal Reserve's (Fed) ability to cut interest rates more aggressively keep the US Treasury bond yields elevated. This, in turn, exerts additional pressure on the non-yielding Gold price, though bets for further Fed rate cuts could offer some support. Traders might also opt to move to the sidelines ahead of this week's release of the latest US consumer inflation figures and speeches by influential FOMC members, including Fed Chair Jerome Powell on Friday.
⭐️Personal comments NOVA:
At the end of the year, there is almost no important news to help gold prices increase in 2024. The adjustment at the end of 2024 will cause gold to decrease.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2685 - $2687 SL $2692
TP1: $2678
TP2: $2665
TP3: $2650
🔥BUY GOLD zone: $2666 - $2664 SL $2659
TP1: $2672
TP2: $2680
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
Scalping XAU ! decreasing trend M15SCALPING XAU / USD
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Trump's win has raised questions about whether the US Federal Reserve might slow its pace of rate cuts, supporting the Greenback and pressuring USD-denominated Gold.
"The dollar and yield rally is weighing on gold, as rising real interest rates typically reduce demand for safe-haven assets," said Matthew Jones, precious metals analyst at London’s Solomon Global. "However, from a broader perspective, the outlook remains ‘as good as gold,’” he added.
⭐️Personal comments NOVA:
Trendline M15 - downtrend - break and retest sideway M15 XAU/USD
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2669 - $2671 SL $2674
TP1: $2664
TP2: $2658
TP3: $2650
⭐️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