Gold Spot / U.S. Dollar
Short
Updated

CPI, US inflation, gold price waiting to decrease

842
⭐️GOLDEN INFORMATION:

Gold (XAU/USD) drew fresh bids in Wednesday’s Asian trading, reclaiming the $3,340 level and edging back toward this week’s high. A U.S. federal appeals court decision allowing President Donald Trump’s broad tariffs to remain in force—for now—added a fresh layer of trade uncertainty and stoked safe-haven demand. Heightened geopolitical tensions and growing expectations that the Federal Reserve will cut rates in September further bolstered the non-yielding metal. Even so, optimism surrounding ongoing U.S.–China talks has lifted broader risk sentiment, while a mildly stronger U.S. Dollar is helping keep gold’s upside in check.

⭐️Personal comments NOVA:

Gold price recovered, buying power increased gradually in Asian session, approaching resistance zone 3348

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone : 3373- 3375 SL 3380
TP1: $3360
TP2: $3350
TP3: $3340


🔥BUY GOLD zone: $3278- $3280 SL $3273
TP1: $3290
TP2: $3300
TP3: $3314


⭐️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
Gold price trading around the upper price range of 3330

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