Gold Spot / U.S. Dollar
Short
Updated

Bears under strong pressure, gold price adjusted

532
⭐️GOLDEN INFORMATION:

Gold prices (XAU/USD) saw a modest rebound during Thursday’s Asian session, recovering part of the prior day’s decline and stabilizing around the $3,362–$3,363 zone, marking the weekly low. Lingering trade uncertainties and escalating geopolitical tensions in the Middle East continue to weigh on global risk sentiment, supporting demand for the safe-haven metal.

Meanwhile, the U.S. Federal Reserve concluded its two-day policy meeting on Wednesday by holding interest rates steady, while signaling a more cautious approach to future rate cuts. This shift, driven in part by concerns that President Donald Trump’s tariff policies could fuel inflation, boosted the U.S. Dollar to its highest level in over a week. The resulting Dollar strength is capping gold’s upside momentum, keeping the metal below the $3,400 threshold and prompting investors to remain cautious.

⭐️Personal comments NOVA:

Bears continue to put selling pressure on gold prices. Accumulating below 3400.

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: 3414- 3416 SL 3421
TP1: $3402
TP2: $3390
TP3: $3376


🔥BUY GOLD zone: $3347-$3345 SL $3340
TP1: $3355
TP2: $3368
TP3: $3380


⭐️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
xau touch 3347.5 , nice trend

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