Gold Spot / U.S. Dollar
Short
Updated

NF news, can gold selling pressure drop to 3240?

496
⭐️GOLDEN INFORMATION:

Gold (XAU/USD) is trading lower, around $3,285 in early Asian hours on Friday, as a firmer U.S. dollar weighs on the non-yielding metal following new tariff measures announced by President Donald Trump.
The White House said late Thursday that Trump will set a 10% baseline tariff, stepping back from earlier speculation about hikes to 15% or higher, according to Bloomberg. He also signed an executive order raising the tariff on Canada from 25% to 35%, effective August 1, 2025, while extending Mexico’s current tariff rates for another 90 days to allow more time for negotiations.


⭐️Personal comments NOVA:

large frame, gold price is still moving in the downtrend line. will wait for NF result to have strong selling force again 3240

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: 3374- 3376 SL 3381
TP1: $3365
TP2: $3350
TP3: $3333


🔥BUY GOLD zone: $3242-$3240 SL $3235
TP1: $3255
TP2: $3268
TP3: $3280


⭐️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
Xau increase 3353

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