Gold Spot / U.S. Dollar
Short
Updated

Gold's short-term decline continues

773
⭐️GOLDEN INFORMATION:

Gold price (XAU/USD) regained strong upward momentum during the Asian session on Thursday, rebounding sharply from the previous day’s steep decline and ending a two-day losing streak near the $3,260 weekly low. The renewed buying interest comes amid lingering concerns over the protracted trade impasse between the US and China, following US Treasury Secretary Scott Bessent’s comments indicating that the standoff could drag on.

Compounding market anxiety is the persistent uncertainty surrounding President Donald Trump’s tariff policies and their broader implications for global growth. These factors have fueled a fresh wave of safe-haven demand, driving investors back toward gold.

⭐️Personal comments NOVA:

Still under selling pressure, gold price is consolidating below the downtrend line. Trading around 3300 and lower.

⭐️SET UP GOLD PRICE:


🔥SELL GOLD zone : 3412- 3414 SL 3419
TP1: $3390
TP2: $3380
TP3: $3370


🔥BUY GOLD zone: $3228 - $3230 SL $3223
TP1: $3240
TP2: $3250
TP3: $3260

⭐️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
Trade active
Gold price is sideways around 3330 in European trading

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