Gold Spot / U.S. Dollar
Short
Updated

Selling pressure, bears active

744
⭐️GOLDEN INFORMATION:

Gold prices (XAU/USD) edge higher toward $3,325 during the early Asian session on Tuesday, supported by a softer US Dollar as markets turn cautious ahead of key developments in US-China trade negotiations.

Delegations from the United States and China are set to continue discussions for a second consecutive day in London. President Donald Trump expressed optimism, stating the talks “should go very well.” According to US officials, discussions may lead to Washington lifting certain tech export restrictions in exchange for Beijing easing controls on rare earth exports — materials vital to sectors ranging from energy and defense to advanced technology. The outcome of these negotiations could provide fresh direction for the precious metal.

⭐️Personal comments NOVA:

The market is mainly sideways and accumulating, under selling pressure below 3300 due to the US-China trade negotiations taking place today.

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone : 3350- 3352 SL 3357
TP1: $3340
TP2: $3330
TP3: $3320


🔥BUY GOLD zone: $3276- $3274 SL $3269
TP1: $3285
TP2: $3300
TP3: $3312


⭐️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 recovered, on the 3340 mark in the US session

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.