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SCALPING ! XAU ! retest 2646 entry SELL SCALPING XAU / USD ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Monday’s data revealed that a significant portion of the US economy grew at its fastest pace in over three years. The S&P Global flash US Services PMI climbed from 56.1 to 58.5 in December, marking a 38-month high. Additionally, the Composite PMI rose to 56.6 in December, up from 54.9 in November, reaching its highest level in 33 months. This strong performance overshadowed a decline in the flash US Manufacturing PMI, which fell to a three-month low of 48.3. The data reinforced expectations that the Federal Reserve may take a less dovish approach moving forward. ⭐️Personal comments NOVA: Bears dominate - short-term selling pressure before the US session, waiting for a retest of the SELL entry ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2645 - $2647 SL $2650 scalping TP1: $2640 TP2: $2635 TP3: $2630 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDShort
by Nova-Scalper
4
Head and Shoulder Pattern indicates Gold fall 2600$ Short entry between 2650-2670 Profit Taking zones are 2630-2600-2575 Max risk 5% of equity with averaging strategy in zone of 2650-2670 Bearish Head and Shoulder Pattern indicates more deep fall in Gold towards $2630-$2600-$2575 My chart analysis on gold futures contract Neck Line is retesting again and again which will be attraction for buyers but be cautious. Head and Shoulders Top (Bearish Reversal) This pattern occurs after an uptrend and signals that the price is likely to reverse and head downward. It consists of three main peaks: Structure Left Shoulder: The price rises to a peak and then declines. Head: The price rises again to a higher peak (the "head") and then declines. Right Shoulder: The price rises to a lower peak, roughly equal to the Left Shoulder, and then falls back down. Neckline: The line connecting the lows between the shoulders and the head. It acts as support. A break below the neckline confirms the pattern. Steps to Identify Uptrend before the formation. Three peaks: Left Shoulder, Head, and Right Shoulder. The neckline acts as the key support level. When the price breaks the neckline downward, it signals a bearish reversal. How Traders Use It Once the neckline is broken, traders expect the price to fall further. The expected drop is calculated as: Distance from the Head to the Neckline = Expected move downward.
COMEX:GCG2025Short
by asiangoldtraders5
4
Nasdaq Futures Correction? Key Zones and StrategiesGet ready to capitalize on Nasdaq futures opportunities this Tuesday, December 17, 2024! 📊 In this detailed analysis, we cover: ✅ Overall Market Trend: Nasdaq remains bullish, but could we see a correction? We highlight critical zones to watch. 📉 Short Strategies: Key areas like 22,185 with precise targets and setups for potential short entries. 📈 Long Opportunities: Scenarios for continuation, including key breakout zones and reactions in liquidity areas. Learn how to react to price movements, identify high-probability zones, and plan your trades effectively. This video is packed with actionable strategies for both shorts and longs! 🔗 Subscribe to the channel for daily market analysis, proven strategies, and exclusive trading content. Don’t miss it!
CME_MINI:MNQH2025
by BinvestorsTrading
XAUUSD Gold (XAU/USD) puts pressure on daily lows and trades below $2,660 on Friday’s early American session. The US Dollar (USD) reclaims its leadership ahead of the weekly close, helped by rising US Treasury yieldsGold price faced rejection at higher levels on Thursday and turned south before finding support at the 50-day Simple Moving Average (SMA) at $2,671 early Friday. The 14-day Relative Strength Index (RSI) has also witnessed a renewed upside while holding well above the 50 level. If Gold price resumes the recovery momentum, it could retest the multi-week high of $2,726, above which 2,750, the confluence of the psychological barrier and the November 5 high, will act as a tough nut to crack. A failure to defend the 50-day SMA support at $2,671 on a daily candlestick closing basis will prompt sellers to target the 21-day SMA at $2,650 once again.
FOREXCOM:XAUUSDShort
by KingForex078
Intraday Levels for Nasdaq 100 Futures - 12/17/2024This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower. Considerations The range used in this analysis serves only as a reference for broader-level insights. For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately. To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
CME_MINI:NQ1!
by Giovanni_Bandini