Gold Spot / U.S. Dollar
Short
Updated

continue to accumulate waiting for FOMC, above 3300

497
⭐️GOLDEN INFORMATION:

Gold (XAU/USD) found dip-buying interest in Tuesday’s Asian session, rebounding from the more than two-week low hit a day earlier. Support for the non-yielding metal comes largely from rising expectations that the Federal Reserve will restart its rate-cutting cycle in September. In addition, a cautious tone across broader markets is fueling safe-haven flows into bullion.

⭐️Personal comments NOVA:

Gold price continues to maintain the accumulation zone above 3300, the market moves sideways waiting for FOMC information

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: 3374- 3376 SL 3381
TP1: $3365
TP2: $3355
TP3: $3342


🔥BUY GOLD zone: $3311-$3309 SL $3304
TP1: $3322
TP2: $3333
TP3: $3348


⭐️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 continue sideway around 3340

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