Gold Spot / U.S. Dollar
Short
Updated

downtrend, gold price below 3300

567
⭐️GOLDEN INFORMATION:

Gold prices (XAU/USD) remain under pressure during Wednesday’s Asian session, slipping below the $3,300 level and hitting their lowest point in over a week. The decline comes amid growing consensus that the Federal Reserve (Fed) will maintain interest rates at elevated levels for an extended period, especially as expectations rise that aggressive US tariffs could fuel inflation in the months ahead.

This outlook has driven US Treasury yields higher and kept the US Dollar (USD) anchored near a two-week high reached on Tuesday — a key headwind for the non-yielding precious metal, which continues to face downward pressure as a result.

⭐️Personal comments NOVA:

Gold price breaks support, DOW H1 formation, gold downtrend below 3300

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: 3344- 3446 SL 3351
TP1: $3335
TP2: $3320
TP3: $3302


🔥BUY GOLD zone: $3256-$3254 SL $3249
TP1: $3268
TP2: $3280
TP3: $3298


⭐️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 sideway under 3300

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