Middle East War - Gold Price Increases

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✍️ NOVA hello everyone, Let's comment on gold price next week from 06/23/2025 - 06/27/2025

⭐️GOLDEN INFORMATION:

Gold prices held steady on Friday, hovering near $3,369 and on track to post a weekly loss of nearly 1.90%, as markets digested US President Donald Trump’s decision to forgo immediate military action against Iran in favor of a diplomatic approach. At the time of writing, XAU/USD is down 0.11%.

While easing geopolitical tensions helped lift risk sentiment, additional pressure on gold emerged from concerns over potential US restrictions on allies operating semiconductor plants in China, as reported by Bloomberg. Trump's restraint on Iran encouraged a risk-on tone, weighing on the appeal of the safe-haven metal.

⭐️Personal comments NOVA:

Middle East tensions escalate, gold prices continue to recover above 3400, early next week

🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:

Resistance: $3395, $3448
Support: $3302, $3256


🔥 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
- The winner is the one who sticks with the market the longest

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