maintain bullish, break H1 trend

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⭐️GOLDEN INFORMATION:

Gold prices (XAU/USD) trade in the red near $3,330 during Tuesday’s Asian session, weighed down by a stronger US Dollar (USD). The precious metal loses ground amid easing trade tensions, following US President Donald Trump’s announcement of a tariff deadline extension and his openness to further negotiations.

Market anxiety subsided after Trump signaled flexibility around the August 1 tariff deadline, describing it as “not 100% firm” and suggesting room for continued adjustments. This renewed optimism over trade policy has strengthened the Greenback, thereby pressuring USD-denominated assets like Gold, which becomes more expensive for holders of other currencies.

⭐️Personal comments NOVA:

Gold price accumulates waiting for news of new tariff information, breaking H1 trend. Good buying power

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: 3364- 3366 SL 3371
TP1: $3350
TP2: $3340
TP3: $3330


🔥BUY GOLD zone: $3300-$3298 SL $3293
TP1: $3310
TP2: $3325
TP3: $3340


⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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

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