Gold Spot / U.S. Dollar
Short
Updated

Downtrend - will gold price return to 3233?

657
⭐️GOLDEN INFORMATION:

Gold price (XAU/USD) rebounded from an early Asian session drop to a multi-day low, reclaiming ground above the $3,300 psychological level in the past hour. The precious metal continues to draw support from persistent geopolitical uncertainties, including the Russia-Ukraine conflict, intensifying tensions in the Middle East, and renewed friction along the India-Pakistan border. That said, the upside appears constrained by improving risk sentiment, driven by renewed optimism surrounding a US-UK trade agreement and the launch of US-China tariff negotiations over the weekend.

⭐️Personal comments NOVA:

Gold prices are under great selling pressure as trade negotiations on tariffs are becoming more active. They may return to the 323x price zone and continue to accumulate.

⭐️SET UP GOLD PRICE:


🔥SELL GOLD zone : 3351- 3353 SL 3358
TP1: $3340
TP2: $3330
TP3: $3320


🔥BUY GOLD zone: $3232 - $3234 SL $3227
TP1: $3245
TP2: $3260
TP3: $3270


⭐️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 accumulated on the 3330 landmark

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