Gold prices continue to be positive as interest rates cut soon

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✍️ NOVA hello everyone, Let's comment on gold price next week from 08/25/2025 - 08/29/2025

⭐️GOLDEN INFORMATION:

Gold prices extended their upward momentum on Friday after Federal Reserve Chair Jerome Powell struck a dovish tone, warning that “downside risks to the labor market are rising.” XAU/USD is currently trading around $3,371, recovering from an earlier dip to $3,321.

In his remarks, Powell suggested there is a “reasonable base case” that tariffs could cause a “one-time” spike in prices. However, he admitted the outlook remains complex, with inflation risks skewed to the upside and employment risks leaning lower—a combination he described as a “challenging situation.”

Following Powell’s comments, gold initially surged toward the $3,350 region before climbing to a session high of $3,378. Prices have since eased slightly but remain elevated near current levels.

⭐️Personal comments NOVA:

Gold prices increased, positive after the FED chairman voiced that he would cut interest rates in September.

🔥 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: $3387, $3400 , $3417
Support: $3351, $3330


🔥 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

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