⭐️GOLDEN INFORMATION:
Gold prices break a three-day losing streak but remain capped below the key $3,000 level, as rising US Treasury yields dampen the appeal of the non-interest-bearing metal. Despite optimism surrounding potential trade agreements among global partners, lingering tensions in the ongoing US–China trade conflict continue to keep investors on edge. At the time of writing, XAU/USD is trading flat around $2,980 per troy ounce.
⭐️Personal comments NOVA:
Gold price moves with large amplitude, in a downward correction phase. Continues to trade below 3040 waiting for the FED’s move on interest rates and agreements on tariff levels of countries around the world.
⭐️SET UP GOLD PRICE:
SELL GOLD zone : 3038 – 3040 SL 3045
TP1: $3028
TP2: $3015
TP3: $3000
BUY GOLD zone: $2958 – $2960 SL $2953
TP1: $2975
TP2: $2990
TP3: $3010
⭐️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