⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Initial Jobless Claims for the week ending January 10 increased to 217K, up from 201K the prior week and falling short of the 210K forecast. Recent inflation data and comments from Fed Governor Waller weighed on the US Dollar, as traders grew optimistic about an earlier rate cut. Waller suggested a rate reduction could be considered in the March meeting, noting that inflation is nearing the Fed's 2% target. Meanwhile, Chicago Fed President Austan Goolsbee expressed confidence in the labor market's stabilization during an interview with The Wall Street Journal. ⭐️Personal comments NOVA: Gold has completed its recovery to 2724, and the large sellers in this area will push the price back below 2700 before consolidating and rising again. This is consistent with the market awaiting the inauguration of President TRUMP. ⭐️SET UP GOLD PRICE: ?BUY GOLD zone: $2688 - $2686 SL $2681 TP1: $2695 TP2: $2702 TP3: $2710 ?SELL GOLD zone: $2723 - $2725 SL $2728 Scalping TP1: $2718 TP2: $2713 TP3: $2705 ?SELL GOLD zone: $2732 - $2734 SL $2739 TP1: $2725 TP2: $2710 TP3: $2700 ⭐️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
In the Asian trading session, today's weekend January 17, OANDA:XAUUSD Spot delivery maintains a strong trend, gold price is currently around 2,716 USD/ounce, close to the previous target increase at 2,730 USD/ounce. OANDA:XAUUSD rose to a more than one-month high on Thursday as the latest U.S. economic data weighed on U.S. Treasury yields and dovish comments from Federal Reserve officials. The U.S. Department of Labor reported Thursday that initial jobless claims for the week ended Jan. 11 increased by 14,000 to a seasonally adjusted level of 217,000. Economists had expected 210,000 initial jobless claims last week. Slightly weaker-than-expected US core CPI data led to a sharp fall in real yields, which should support further gains in gold prices on inflation fears and repricing of taper expectations interest rate. Federal Reserve officials said data showed inflation in the US was continuing to slow, but they also noted growing uncertainty in the coming months as they wait for early policy signs. from the incoming administration of US President Donald Trump. Potential tariffs from the Trump administration could exacerbate inflationary pressures. The dollar fell, moving slightly from recent highs, as cooling US inflation data pulled bond yields down, continuing to support gold prices. And this is what we can most easily see about the alignment in these correlations in the market. Meanwhile, geopolitically, the ceasefire and hostage agreement between Israel and Hamas has weakened demand for gold as a safe haven asset. Last year, as tensions in the Middle East increased, gold hit several new highs on safe-haven demand and expectations that major central banks like the Federal Reserve would ease monetary policy further. again. But this is not enough because geopolitical factors can have a sudden impact, but they are never sustainable long-term causes. https://www.tradingview.com/chart/XAUUSD/UMhThYPk-Supported-by-data-GOLD-skyrocketed-with-room-to-increase/ Analysis of technical prospects for OANDA:XAUUSD Gold has continued to break out, approaching the target level of 2,730 USD. Note to readers in the previous edition the price point of the 0.236% Fibonacci retracement level. Along with that, the uptrend is still dominating the daily chart, the uptrend price channel is highlighted by the green price channel, and the uptrend RSI maintains its above activity. The 50 level is still quite far from the overbought area, showing that there is still wide room for price increases ahead. The main support is still at the POC Volume Profile level and the EMA21 line. As long as gold remains above the EMA21, it still has the potential to increase in price in the near future. Currently, the 0.382% Fibonacci retracement level has also become the closest support currently. During the day, the uptrend of gold prices will be noticed again by the following notable technical levels. Support: 2,700 – 2,693USD Resistance: 2,730USD SELL XAUUSD PRICE 2736 - 2734⚡️ ↠↠ Stoploss 2740 →Take Profit 1 2729 ↨ →Take Profit 2 2724 BUY XAUUSD PRICE 2684 - 2686⚡️ ↠↠ Stoploss 2680 →Take Profit 1 2691 ↨ →Take Profit 2 2696
"Experience the beauty of technical analysis with a creative twist! ?? This chart of the SET Index transforms moving averages into the iconic Thai flag, blending art and market insights like never before. A true celebration of Thailand’s spirit and the dynamic world of trading. If you love seeing markets through a unique lens, don't forget to like, share, and follow for more innovative takes on technical analysis!"
I have a bag of Fartcoin. I am planning to hold it for a while, but there is one possible trade idea using RSI in the daily chart. On Dec 8th, RSI lines cross to the upside in the bull zone and the price continue to go up until RSI lines reached the overbought territory and crossed to the downside. If you opened a long position at the close of Dec 8th's candle and closed at the close of Dec 20th's candle, the risk reward ratio was 1:3. The same set up just appeared two days ago. RSI lines crossed in the bullzone. MACD lines have also crossed and the first green histogram appeared as well, which is pretty bullish. If you are interested in swing trading it, you can open a long position now with stop loss just below the previous week low and profit target at $2.97. It will be a risk reward ratio of 1:3. You can also take profit in stages according to the Fib extension levels - 1.618, 2, 2.618 and 3. It is just an idea.
Due to how long the previous accumulation was, I don't believe this one will be as long relatively speaking. We will bounce around a little before moving up to the 120-130k range.
Hello guys it is another beautiful day God has given to us. Today we have GBPCAD on watch and it is looking even more good. The price has reached a reversal area however the way it is looking like it give us the signal of a continuation, than a reversal. What we only need is to let the price give us confirmation before we make decision to execute.
Hello fellow traders, here is some ideas for longterm shot, this include higher patience. The previous low must clear the 1.20430 make a new low. 1.19100. for this idea is on previous high, the previous lows valid for support. This is only my view, this is not a financia l advice either. take it or observe it. Follow for more. dont trade for thisarrows. follow the lows. or wait for it.
Please take a close look at the analysis and trade accordingly. Brian's personal view of the day (17-01-2025) (for the medium term) Current price +2715. "If the price stays below 2725, the next targets are 2700 and 2680 and above 2660." Good luck Please support us by liking and sharing the post.
? In this video, I share a trade idea along with my detailed trading plan and we highlight why a well-structured strategy is ? key to success. Discover how to trade BTC Bitcoin ? using a trend continuation approach while leveraging TradingView's powerful tools and features to gain a real edge in the markets. ?️✨ Here’s what we’ll cover: ? Trend Analysis: A top-down review of market direction to identify opportunities. ? Market Structure & Price Action: Key insights into how price moves and behaves. ? Trade Planning: Using higher timeframe support and resistance levels to set stop loss and target points. ?️ TradingView Features: Practical tools to refine your analysis and boost efficiency. This video is an in-depth guide to trading effectively with a proven strategy, enhanced by TradingView's unique capabilities. ? Please remember, this is not financial advice. ?
Price could come down to mop up liquidity at the 61.8 - 50 % fib zone before a move upwards. A conservative 1:3 RR will be achieved with this. Fingers crossed ??