✍️ NOVA hello everyone, Let's comment on gold price next week from 12/02 - 12/06/2024 ? World situation: Gold prices edged higher late in the North American session on Friday, gaining 0.67%, though still on track for a monthly decline of over 3%. Geopolitical concerns continue to influence market movements, with the non-yielding metal hovering near $2,600. XAU/USD is currently trading at $2,652, rebounding from a daily low of $2,634. Tensions in the Middle East eased slightly after Israel and Lebanon reached a ceasefire agreement. However, both nations have since accused each other of breaching the terms of the deal. ? Identify: Gold price is still accumulating, sideways below 2680, moving within 2 H4 trendlines. In the context of the end of 2024, profit taking by investors will take place, gold price will continue to be under selling pressure. ? 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: $2680, $2720, 2755 Support : $2607, $2584, $2540 ? 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
Gold just reject the value area high from 2024 with the monthly november candle close and is showing bearish divergences in the high timeframes. The Anchored VWAP for the entire year of 2024 is at 2,460.000 and the point of control of this year is at 2,331.464. The fibonacci 0,618% from this year is at 2,303.016. So in resume Gold will likely retest the trendline of the top of 80s and 2011 between at 2,300.00 region.
Approaching #THEUSDT shorts as the divergence almost looks like a death cross, SHORT - CMP SL - 3.01 Targets mentioned in yellow
seems like auction is ready for another solid bullish wave falling has already got cleared expecting 2x bullish wave incoming days
Technical Analysis Monthly Chart: The weakening of the U.S. Dollar (DXY) creates a favorable environment for bullish movements in EUR/USD. On the monthly chart, the euro is positioned near a significant support zone that aligns with a strong buying area. With the dollar's liquidity grab above 107.348 signaling further downside potential, EUR/USD is well-positioned for upward momentum. Daily Chart: The daily chart confirms a strong bullish structure, with higher highs and higher lows indicating sustained upward pressure. The recent weakness in the DXY aligns with this bullish trend, reinforcing the potential for continued euro strength. This week's price action suggests buyers remain firmly in control, and the technical setup supports a move toward higher targets. Fundamental Analysis Impact of the U.S. Dollar Weakness: The euro stands to benefit significantly from the current bearish outlook on the DXY. With the Federal Reserve showing hesitancy toward further rate cuts due to inflation concerns and strong labor market conditions, short-term volatility is likely. However, any signs of labor market weakening or inflation stability could lead to aggressive rate cuts, further weakening the dollar and supporting EUR/USD upside. Key Catalysts: This upcoming week, Nonfarm Payrolls (NFP) and unemployment rate data are expected to provide critical directional cues: Expected Increase in Unemployment: If the unemployment rate increases as forecasted, this would add downward pressure on the DXY, fueling strong upside potential for EUR/USD. Nonfarm Payroll Volatility: Regardless of the outcome, NFP data typically injects significant volatility into the market. Even in scenarios where unemployment data does not meet expectations, the euro could still reach key targets due to the strong technical bullish structure and high demand at monthly zones. Summary and Outlook Technical and Fundamental Alignment: EUR/USD is in a prime position for further upside given: The bearish outlook on the DXY, signaling continued weakness in the U.S. Dollar. The bullish structure on the EUR/USD daily chart, which supports continued buying pressure. Key catalysts this week, including unemployment and NFP data, which are likely to favor euro strength under expected scenarios. Key Factors to Monitor: The actual results of unemployment and payroll data. Fed commentary and market sentiment on potential rate adjustments. Any unexpected geopolitical or macroeconomic developments affecting the eurozone or the U.S. Price Expectations: Short-Term Target: The bullish structure supports a move toward a significant monthly resistance zone where strong buy-side liquidity resides. Medium-to-Long-Term Target: If dollar weakness persists and unemployment increases, EUR/USD could see a strong bullish move extending beyond this resistance, possibly forming new highs. With the DXY weakening and structural alignment in favor of the euro, buying EUR/USD remains a favorable strategy this week, supported by both technical and fundamental factors.
You never know when chart patterns will behave roperly when you are on the xrpbtc chart. Often times all bets are off on the usual chart pattern expectations with this pair. Suppose we were to actually follow through with the measured move breakout target from this blue triangle xrpbtc pears to be breaking up from well it would put price action even noticeably higher than the all time high between this pair that was set back in 2018. Let’s see if for once price action behaves like it’s supposed to herewith this pair. *not financial advice*
It’s not perfect. But it’s there. I noticed it on the 1day chart and then zoomed in to the 1 hour chart. It becomes more defined. It’s not complete on the handle. But if it does. That could lead to the break out of about 103k-ish. There are tones of btc views out here. Just figured I thought mine into the pot. Mine is short term. Maybe see this in a week or two. The break out IF it happens would start in the next 3 days-ISH. So could complete the move soon with pattern+fomo+ 100k hype.
Accumulate between $21 to $23.50 range and the next target would be is $34.50 and $37. NANO Nuclear Energy to Present at Craig-Hallum Capital Group’s Nuclear Energy Revisited Conference Held Virtually on December 11, 2024
Ueda von der BoJ hat sich Ende der Woche hawkish geäußert, inzwischen rechnet der Markt mit höherer Wahrscheinlichkeit einer Zinserhöhung der BoJ. Der DXY hingegen ist an einem keylevel gedreht und wird schwächer.
China zeigte wieder bessere Wirtschaftsdaten, dies könnte den AUD stärken. Außerdem ist der DXY am keylevel gedreht und scheint zunächst wieder an Stärke zu verlieren.