⭐️GOLDEN INFORMATION:
Uncertainty over global growth and ongoing geopolitical risks keep haven demand elevated, though gold's rally is fueled mainly by expectations of aggressive Fed rate cuts," noted Zain Vawda, analyst at OANDA. Meanwhile, markets are watching the US-China talks led by Treasury Secretary Scott Bessent, Trade Representative Jamieson Greer, and Vice Premier He Lifeng. Any breakthrough in trade negotiations or improved risk appetite could dampen demand for safe-haven assets like gold.
⭐️Personal comments NOVA:
Interest rate announcement time is approaching, the market is waiting for a new ATH milestone, the tariff and political instability context makes gold prices expected to continue to increase in late 2025
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: 3745- 3747 SL 3752
TP1: $3730
TP2: $3720
TP3: $3710
🔥BUY GOLD zone: $3622-$3624 SL $3617
TP1: $3635
TP2: $3648
TP3: $3660
⭐️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