Gold Spot / U.S. Dollar
Short
Updated

Bears are active at the beginning of the week, prices are down

851
⭐️GOLDEN INFORMATION:

The United States and China announced “substantial progress” following two days of trade negotiations in Switzerland, marking a potential turning point in efforts to ease tensions between the world’s two largest economies. Chinese Vice Premier He Lifeng characterized the discussions as “an important first step” toward stabilizing bilateral trade, while US Treasury Secretary Scott Bessent echoed the sentiment, noting meaningful advancements were made. The US is expected to release more details about the outcome of the talks on Monday.

While signs of progress may dampen demand for safe-haven assets like gold, lingering uncertainty around the specifics of any deal could still lend some support to the precious metal. “Ongoing ambiguity surrounding tariffs remains one of the most influential factors sustaining gold,” noted David Meger, Director of Metals Trading at High Ridge Futures.

⭐️Personal comments NOVA:

The short-term downtrend is maintained, gold price accumulates around 3300 and continues to go down to lower support zones.

⭐️SET UP GOLD PRICE:


🔥SELL GOLD zone : 3315- 3317 SL 3322
TP1: $3300
TP2: $3290
TP3: $3280


🔥BUY GOLD zone: $3223 - $3225 SL $3218
TP1: $3238
TP2: $3245
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
Sideway gold price around 3290 - 3260 in European sessions
Note
+ 140 pips, signal PLAN DAY BUY 3223-3225 , great
Trade closed: target reached
Great BUY PLAN DAY : 3223-3225 : + 140 pips , and then continue decrease

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