Gold Spot / U.S. Dollar
Long
Updated

Gold price PMI positive, slight increase

464
⭐️GOLDEN INFORMATION:

Gold prices (XAU/USD) edge higher toward $3,375 in early Asian trading on Monday, driven by heightened geopolitical tensions following US President Donald Trump’s decision to intervene militarily in the Israel-Iran conflict. The move significantly escalates the situation in the Middle East, fueling demand for safe-haven assets like gold.

The US launched airstrikes on three Iranian nuclear facilities early Sunday, marking a direct entry into the conflict despite Trump’s prior pledges to avoid new overseas wars. The intensifying turmoil has sparked a wave of risk aversion, supporting bullion prices amid rising uncertainty. Meanwhile, investors will closely monitor the preliminary S&P Global US Purchasing Managers’ Index (PMI) for June, due later in the day, for further market direction.

⭐️Personal comments NOVA:

Gold prices continue to be supported around the 3340 mark, positive with today's US PMI news data

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: 3380- 3382 SL 3387
TP1: $3370
TP2: $3360
TP3: $3350


🔥BUY GOLD zone: $3318-$3316 SL $3311
TP1: $3326
TP2: $3338
TP3: $3349


⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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
+ 260 pips , plan day SELL 3380-3382

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