Gold price short term correction 3373Plan XAU day: 17 June 2025
Related Information: !!!
Gold price (XAU/USD) extends its intraday directionless price move and remains below the $3,400 mark through the first half of the European session on Tuesday. Traders now seem reluctant and opt to wait for more cues about the Federal Reserve's (Fed) rate cut path before placing fresh directional bets. Hence, the focus will remain glued to the outcome of a two-day FOMC meeting on Wednesday, which should provide a fresh impetus to the US Dollar (USD) and the non-yielding yellow metal.
Heading into the key central bank event risk, the growing acceptance that the Fed would lower borrowing costs further in 2025 keeps the USD close to a three-year low touched on Friday and acts as a tailwind for the Gold price. Apart from this, persistent trade-related uncertainties and rising geopolitical tensions in the Middle East assist the safe-haven precious metal to stall the previous day's retracement slide from a nearly two-month top. This, in turn, warrants some caution for the XAU/USD bears.
personal opinion:!!!
Selling pressure in the European session on Tuesday, pay attention to support zones: 3373, 3352
Important price zone to consider : !!!
Buy point: 3373 , 3352
Sustainable trading to beat the market
Longsignal
Accumulate, BTC back above 110K💎 BTC PLAN UPDATE (June 16)
NOTABLE BITCOIN (BTC) NEWS:
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are showing signs of stabilization around key support levels following last week’s correction. BTC is attempting to regain momentum after closing below a critical support zone, while ETH and XRP are hovering near technical thresholds that could determine their next directional move.
TECHNICAL ANALYSIS OUTLOOK:
Bitcoin could decline further if it closes below the 50-day EMA
Bitcoin closed below its daily support at $106,406 on Thursday, then bounced back after retesting the 50-day Exponential Moving Average (EMA) at $102,893 on Friday. BTC has since stabilized around the $105,000 level over the weekend. As of Monday, it continues to consolidate, trading near $105,788.
If BTC fails to close above the $106,406 resistance level and heads lower, it may extend its decline toward the psychologically significant $100,000 level.
The Relative Strength Index (RSI) on the daily chart is hovering around the neutral 50 mark, signaling indecision among traders. Meanwhile, the Moving Average Convergence Divergence (MACD) indicator shows a bearish crossover on the daily chart, indicating selling pressure and a possible downtrend continuation.
At this stage, whether you're new or experienced, it's wise to spend more time practicing, deepening your technical analysis knowledge, and exploring educational content shared on the channel. Strengthening your foundation will help you protect your capital in this volatile environment.
==> This analysis is for trend reference only. Wishing all investors successful trades!
BTC accumulates above 104,300 zonePlan BTC today: 17 June 2025
Related Information:!!!
Bitcoin (BTC) price falls to around $106,000 at the time of writing on Tuesday following a mild recovery the previous day. The decline comes as investors continue to digest the escalation of the Iran-Israel conflict and after US President Donald Trump highlighted concerns and asked his security advisors to meet in the Situation Room. While institutional interest in Bitcoin remains robust, any further escalation in the Middle East could impact global risk assets.
The US steps in to resolve the Iran-Israel war
Bitcoin price action remained broadly resilient on Monday despite escalating tensions in the Middle East. The four-day-old war between Israel and Iran, which began on Friday, has so far failed to trigger a sharp correction. The largest cryptocurrency by market capitalization held above its key psychological threshold of 100,000 despite the initial shock — a contrast to April last year, when BTC fell more than 8% amid similar Iran-Israel turmoil.
The New York Times reported on Monday that US President Donald Trump has encouraged Vice President JD Vance and his Middle East envoy, Steve Witkoff, to offer to meet with the Iranians this week.
personal opinion:!!!
Gold price continues sideways and accumulates in 2 trend lines, support 104,300
Important price zone to consider :!!!
support zone : 104.300 - 104.100
Sustainable trading to beat the market
Opportunity for gold price to return to ATH: 3500✍️ NOVA hello everyone, Let's comment on gold price next week from 06/16/2025 - 06/20/2025
⭐️GOLDEN INFORMATION:
Gold prices surged for a third straight session on Friday as geopolitical tensions flared following Israel’s military strikes on Iranian targets, including nuclear facilities and key leadership. The escalation sparked a broad risk-off move across global markets, fueling demand for safe-haven assets. At the time of writing, XAU/USD trades at $3,422, marking a gain of over 1% on the day.
The yellow metal briefly soared to a five-week high of $3,446 before paring gains, as traders took profits ahead of the weekend. The geopolitical unrest, combined with dovish signals from recent US inflation data, has reinforced expectations that the Federal Reserve could begin cutting interest rates later this year—despite improving consumer sentiment. Together, these dynamics continue to support the bullish momentum in gold.
⭐️Personal comments NOVA:
Military tensions continue next week, which is a big boost for gold prices to continue rising above 3500.
🔥 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: $3488, $3502, $3562
Support: $3382, $3342
🔥 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
Can gold price maintain the uptrend above 3400?⭐️GOLDEN INFORMATION:
Gold prices advanced by approximately 0.97% on Wednesday, buoyed by signs of easing inflation in the United States (US), which reinforced expectations that the Federal Reserve (Fed) could resume rate cuts as early as September. At the time of writing, XAU/USD is trading around $3,363.
The May Consumer Price Index (CPI) report shows a slowdown in price pressures compared to April, prompting a surge in demand for the yellow metal. In response, gold briefly rallied to an intraday high near $3,360 before paring back some of those gains, as investors recalibrated their outlook on the Fed’s policy path.
⭐️Personal comments NOVA:
Middle East concerns, along with information about influential high tariffs on countries without trade agreements. Gold prices have recovered, but there is no long-term stability.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: 3428- 3430 SL 3435
TP1: $3410
TP2: $3395
TP3: $3382
🔥BUY GOLD zone: $3345-$3343 SL $3338
TP1: $3355
TP2: $3367
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
TURBO ANALYSIS📊 #TURBO Analysis
✅There is a formation of Falling Wedge Pattern on daily chart and currently pullback around its major support zone🧐
Pattern signals potential bullish movement incoming after sustain above the major support zone and breaks the pattern with good volume
👀Current Price: $0.004050
🚀 Target Price: $0.004470
⚡️What to do ?
👀Keep an eye on #TURBO price action and volume. We can trade according to the chart and make some profits⚡️⚡️
#TURBO #Cryptocurrency #TechnicalAnalysis #DYOR
Maintain price increase, NF will help gold price above 3400⭐️GOLDEN INFORMATION:
He stated that U.S. and Chinese negotiators would soon convene at a yet-to-be-determined location, a development that lifted market sentiment and weighed on gold prices as risk appetite strengthened. This shift occurred despite underwhelming U.S. economic data, which further fueled expectations for a Federal Reserve rate cut later this year.
According to the U.S. Bureau of Labor Statistics, signs of labor market weakness emerged as jobless claims rose, signaling a potential cooling in employment conditions. Meanwhile, the U.S. Bureau of Economic Analysis reported a narrower trade deficit in April, largely attributed to a decline in front-loaded imports ahead of anticipated tariffs.
⭐️Personal comments NOVA:
anxiously awaiting NF news today, there is pressure to weaken the dollar, NF figures that investors are worried about continue to be negative for DXY
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone : 3449- 3451 SL 3456
TP1: $3436
TP2: $3420
TP3: $3405
🔥BUY GOLD zone: $3303- $3301 SL $3296
TP1: $3320
TP2: $3330
TP3: $3340
⭐️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
ADP-NF factor to help gold price return to 3400?⭐️GOLDEN INFORMATION:
Gold prices gave back part of Monday’s gains, slipping over 0.80% on Tuesday, as robust U.S. labor market data reinforced the case for a strong economy and pressured the non-yielding metal. At the time of writing, XAU/USD trades around $3,348, after reaching an intraday peak of $3,392.
Investor sentiment brightened after the latest U.S. Job Openings and Labor Turnover Survey (JOLTS) revealed a sharp uptick in job vacancies for April, signaling continued tightness in the labor market. The upbeat data comes ahead of a pivotal week packed with employment reports, including Wednesday’s ADP Employment Change for May and Friday’s highly anticipated Nonfarm Payrolls, both of which could shape expectations for Federal Reserve policy.
⭐️Personal comments NOVA:
Gold prices maintain bullish momentum, tariff momentum coupled with current unfavorable economic data
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone : 3411- 3413 SL 3418
TP1: $3400
TP2: $3390
TP3: $3380
🔥BUY GOLD zone: $3332- $3330 SL $3325
TP1: $3345
TP2: $3358
TP3: $3370
⭐️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
AAVE ANALYSIS🔮 #AAVE Analysis 💰💰
📊 #AAVE is making perfect and huge rounding bottom pattern in daily time frame, indicating a potential bullish move. If #AAVE retests little bit and breakout the pattern with high volume then we will get a bullish move📈
🔖 Current Price: $248
⏳ Target Price: $348
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#AAVE #Cryptocurrency #Pump #DYOR
Continue to maintain stability above 3300, next week✍️ NOVA hello everyone, Let's comment on gold price next week from 06/02/2025 - 06/06/2025
🔥 World situation:
Gold prices declined on Friday, pressured by a rebound in the US Dollar, even as US Treasury yields dipped in response to a robust inflation report. Despite the yield pullback, expectations remain firm that the Federal Reserve could begin easing policy in 2025. At the time of writing, XAU/USD is down 0.83%, trading around $3,289.
Market sentiment turned more risk-averse after US President Donald Trump sharply criticized China, accusing Beijing of breaching the trade agreement reached during talks in Switzerland. In a post, Trump wrote, “China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US. So much for being Mr. NICE GUY!”—a statement that reignited geopolitical tensions and added to market uncertainty.
🔥 Identify:
Gold price is in great competition between buyers and sellers around the price range of 3200 - 3300. Tariff policies are coming back, the trump administration is putting pressure to get favorable tariffs.
🔥 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: $3332, $3365
Support: $3244, $3204
🔥 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
Gold price recovers with PCE news?⭐️GOLDEN INFORMATION:
Gold prices rebounded from weekly lows near $3,245 and surged past the $3,300 mark on Thursday, buoyed by a weaker-than-expected U.S. jobs report and optimism following a U.S. court ruling that halted President Donald Trump’s proposed tariffs. At the time of writing, XAU/USD is trading at $3,318, up 0.94% on the day.
The rally was fueled by data from the U.S. Department of Labor showing that jobless claims rose more than forecast, surpassing both market expectations and the previous week’s figures—an indication of potential softening in the labor market that weighed on the U.S. Dollar and boosted demand for safe-haven assets like gold.
⭐️Personal comments NOVA:
Price zone 3300, gold price accumulated in the past 2 weeks. waiting for fluctuations from tariffs
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone : 3363- 3365 SL 3370
TP1: $3352
TP2: $3340
TP3: $3328
🔥BUY GOLD zone: $3280- $3282 SL $3275
TP1: $3290
TP2: $3300
TP3: $3310
⭐️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
Unity Software (U) – Strong Earnings and Bullish FlowsFundamental Overview
Unity Software has been consolidating within a defined range for approximately a year following a significant decline in its stock price. Despite previous challenges, the company has consistently surprised investors with its earnings over the past year, maintaining strong performance. Historically, Unity tends to perform well during the May–June period. Looking ahead, projections suggest a decline in net margin, though net income is expected to increase, reinforcing the company's strong execution.
Additionally, Unity has exceeded expectations for four consecutive earnings reports, underscoring its resilience and growth trajectory.
Technical Outlook
- Momentum & Price Action: The stock exhibits solid momentum and is currently situated in a buy zone.
- Options Flow: Bullish sentiment is evident in options activity, signaling strong institutional interest.
- Analyst Ratings:
- Needham analyst Bernie McTernan maintains a Buy rating but lowers the price target from $33 to $30.
- Barclays analyst Ross Sandler maintains an Equal-Weight rating and lowers the price target from $26 to $25.
Given the current trends, bullish options flows, and favorable seasonality, Unity Software appears poised to test $25 in the upcoming weeks, particularly if momentum continues to drive price action.
Gold prices steady in recovery above 3300⭐️GOLDEN INFORMATION:
Gold prices fell over 0.50% on Monday, weighed down by reduced demand for safe-haven assets after U.S. President Donald Trump announced a delay in the imposition of tariffs on the European Union (EU). Trading activity remained subdued due to market closures in both the United States and the United Kingdom for public holidays. At the time of writing, XAU/USD is trading around $3,336.
Sentiment improved following Trump’s Sunday statement, which postponed the implementation of the 50% tariffs on EU goods to July 9. As a result, gold came under pressure, retreating after last week’s impressive 4.86% surge—its strongest weekly performance since early April.
⭐️Personal comments NOVA:
Gold price continues to maintain the accumulation price range of 3300 - 3367, in recovery momentum
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone : 3389- 3392 SL 3396
TP1: $3380
TP2: $3368
TP3: $3350
🔥BUY GOLD zone: $3285- $3287 SL $3280
TP1: $3295
TP2: $3310
TP3: $3325
⭐️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
Accumulate waiting for the next new ATH, BTC 💎 Update Plan BTC (May 26)
Notable news about BTC:
Bitcoin (BTC) is trading above $109,000 as of Monday, staging a solid rebound after Friday’s sharp pullback. The recovery has been largely driven by renewed optimism following US President Donald Trump’s decision to postpone the implementation of a 50% tariff on European Union imports. This move helped calm market jitters and reignited investor appetite for risk assets, including digital currencies.
Institutional interest in Bitcoin also appears to be gaining momentum, with the latest data showing the strongest weekly inflows since late April—an encouraging sign that confidence in the asset remains resilient despite recent volatility.
Trump’s tariff delay spurs BTC bounce
In a post on his Truth Social platform, President Trump announced an extension of the EU tariff deadline to July 9, backing away from the previously scheduled June 1 hike. This announcement came just days after he criticized the lack of progress in negotiations with Brussels, which had rattled markets and led to a 3.9% drop in BTC on Friday. The policy reversal helped restore calm and provided a tailwind for Bitcoin’s upward move to start the week.
Technical analysis angle
The question that investors most interested now is when BTC will have 120k?
Congratulations to the investors. BTC goes on our analysis. Although the price is sideways, we still earn 3000 prices from this coin.
Note that the 113k region can be an important price area for adjustment before 120k and even higher
🔥BTC 4H is currently in the adjustment phase, this time will cause a lot of traders, Future - Margin to lose money, this rhythm will last long
At this time, whether new or old, should spend more time to practice, load more knowledge about the PTKT, as well as find knowledge posts at the channel ..., to strengthen the solid foundation, as well as avoid losing money at this time offline
==> Comments for trend reference. Wishing investors successfully trading
Gold price accumulates above 3300, new week⭐️GOLDEN INFORMATION:
Gold (XAU/USD) faced some selling pressure around the $3,335 mark during Monday’s early Asian session, as easing trade tensions slightly dampened demand for the safe-haven asset. The recent softening in rhetoric surrounding global trade disputes has contributed to the metal’s pullback, though upcoming economic events could shift momentum.
On Sunday, US President Donald Trump announced a delay in imposing the proposed 50% tariffs on the European Union until July 9, easing fears of an imminent escalation in trade hostilities. This development has weighed on bullion prices by reducing immediate risk aversion in the markets.
Nonetheless, investor attention now turns to Wednesday’s release of the FOMC Minutes, which could offer further clarity on the Federal Reserve’s monetary policy outlook. Meanwhile, market participants will continue to monitor trade negotiations between the US and Japan, as well as other major economies. Any renewed tensions or setbacks in these discussions could quickly revive demand for gold as a protective hedge.
⭐️Personal comments NOVA:
Gold prices reacted slightly lower after the official announcement of tariff postponement. Accumulated above 3300
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone : 3388- 3390 SL 3395
TP1: $3376
TP2: $3363
TP3: $3350
🔥BUY GOLD zone: $3301- $3299 SL $3294
TP1: $3312
TP2: $3325
TP3: $3338
⭐️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
$NXPC Rebounding from Golden Zone!!$NXPC
Based on the Fib retracement, the price is currently sitting in the golden zone between 0.5–0.618 levels a common area for strong bounces.
Also, the price is reacting well near the demand zone, and a small falling wedge has just broken out.
This setup offers a clean risk-reward with tight invalidation.
I’m keeping a close eye on it could be a solid opportunity if momentum builds.
$NXPC Rebounding from Golden Zone!!$NXPC
Based on the Fib retracement, the price is currently sitting in the golden zone between 0.5–0.618 levels a common area for strong bounces.
Also, the price is reacting well near the demand zone, and a small falling wedge has just broken out.
This setup offers a clean risk-reward with tight invalidation.
I’m keeping a close eye on it could be a solid opportunity if momentum builds.
Tariffs heat up again, gold recovers✍️ NOVA hello everyone, Let's comment on gold price next week from 05/26/2025 - 05/30/2025
🔥 World situation:
Gold resumed its upward momentum on Friday, surging nearly 2% on the day and over 5% for the week, as the US Dollar weakened amid renewed trade tensions. The yellow metal climbed to $3,359, rebounding from an intraday low of $3,287, as escalating rhetoric from Washington fueled investor demand for safe-haven assets.
US President Donald Trump intensified the trade standoff with the European Union, declaring that talks were “going nowhere” and threatening to impose 50% tariffs on EU imports starting June 1. Adding to the pressure, US Treasury Secretary Scott Bessent remarked that the EU’s trade proposals have fallen short compared to offers from other key partners. Mounting concerns over US fiscal policy and an increasingly strained global trade environment continue to bolster gold’s appeal.
🔥 Identify:
Tariff news is starting to heat up again, the US and other countries around the world have not reached a consensus on negotiations, gold prices benefit from the increase. The large time frame shows that prices are breaking out and continuing the upward trend.
🔥 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: $3412, $3436
Support: $3315, $3280, $3245
🔥 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
NFP ANALYSIS🚀#NFP Analysis : Pattern Formation💲💲
🔮As we can see in the chart of #NFP that there is a formation inverse head and shoulder pattern and it's a bullish pattern. Also there is a perfect breakout and retest of the levels. This indicates a potential bullish move.📈📈
🔰Current Price: $0.0910
🎯 Target Price: $0.1100
⚡️What to do ?
👀Keep an eye on #NFP price action. We can trade according to the chart and make some profits. The price must close above the neckline. After that we will see a bullish move. ⚡️⚡️
#NFP #Cryptocurrency #TechnicalAnalysis #DYOR
Moving in the uptrend, bulls dominate⭐️GOLDEN INFORMATION:
Gold prices slipped by approximately 0.48% on Thursday, retreating from a two-week peak of $3,345 and falling below the key $3,300 level. The decline was driven by renewed strength in the US Dollar, even as Treasury yields pulled back from their intraday highs. The pressure on the yellow metal intensified after the US House of Representatives passed President Trump’s budget proposal, which now heads to the Senate for final approval. At the time of writing, XAU/USD is trading at $3,289, marking a 0.83% daily loss.
While sentiment in the broader market has seen a modest rebound, it remains fragile following Moody’s recent downgrade of US sovereign debt. The fiscal package approved by the House is expected to raise the national debt ceiling by a staggering $4 trillion, amplifying concerns over long-term fiscal sustainability.
⭐️Personal comments NOVA:
Gold price is still moving in the H1 uptrend line, buying power is still quite strong.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone : 3344- 3346 SL 3351
TP1: $3335
TP2: $3322
TP3: $3307
🔥BUY GOLD zone: $3248- $3246 SL $3241
TP1: $3258
TP2: $3270
TP3: $3280
⭐️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
New BTC ATH, National FOMO💎 Update Plan BTC (May 22)
Notable news about BTC:
Gold prices climbed over 0.50% on renewed safe-haven demand, holding firm above the $3,300 threshold as investor anxiety grows ahead of the U.S. tax bill vote and mounting geopolitical tensions in the Middle East. At the time of writing, XAU/USD trades around $3,317, rebounding from an intraday low of $3,285.
Sentiment remains fragile, with U.S. equity markets slipping into negative territory and Treasury yields ticking higher. All eyes are on the impending vote on President Trump’s tax reform proposal, which the Congressional Budget Office (CBO) estimates could inflate the national debt by approximately $3.8 trillion. Uncertainty around the fiscal outlook continues to fuel demand for gold as a defensive asset.
Technical analysis angle
The question that investors most interested now is when BTC will have 120k?
After the breakdown of channel structure increases around the 108k area, the 113k landmark is the most expected milestone before the price approaches 120k
We still expect a slight adjustment to 108k to continue Long and Target are still 113k and 120k
🔥BTC 4H is currently in the adjustment phase, this time will cause a lot of traders, Future - Margin to lose money, this beat will last until 23-25/5
At this time, whether new or old, should spend more time to practice, load more knowledge about the PTKT, as well as find knowledge posts at the channel ..., to strengthen the solid foundation, as well as avoid losing money at this time offline
==> Comments for trend reference. Wishing investors successfully trading
Bulls push price to 3360, prepare for PMI⭐️GOLDEN INFORMATION:
Gold prices climbed over 0.50% on renewed safe-haven demand, holding firm above the $3,300 threshold as investor anxiety grows ahead of the U.S. tax bill vote and mounting geopolitical tensions in the Middle East. At the time of writing, XAU/USD trades around $3,317, rebounding from an intraday low of $3,285.
Sentiment remains fragile, with U.S. equity markets slipping into negative territory and Treasury yields ticking higher. All eyes are on the impending vote on President Trump’s tax reform proposal, which the Congressional Budget Office (CBO) estimates could inflate the national debt by approximately $3.8 trillion. Uncertainty around the fiscal outlook continues to fuel demand for gold as a defensive asset.
⭐️Personal comments NOVA:
Gold price recovered well, pay attention to the price zone 3358. Adjusted down, continued to accumulate around 3300
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone : 3358- 3360 SL 3365
TP1: $3350
TP2: $3337
TP3: $3322
🔥BUY GOLD zone: $3264- $3266 SL $3259
TP1: $3275
TP2: $3288
TP3: $3300
⭐️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