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Gold prices began to adjust down

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⭐️GOLDEN INFORMATION:

Gold (XAU/USD) slips in Thursday’s Asian session, trimming part of Wednesday’s gains as stronger equities and a modest Dollar rebound weigh on the metal. Still, expectations of Fed rate cuts next week, along with trade frictions, geopolitical tensions, and political uncertainty in Europe and Japan, limit downside risks. Traders now await US inflation data for clearer cues on the Fed’s policy path.

⭐️Personal comments NOVA:

Gold prices are showing signs of a slight correction, after buying power began to gradually decrease. The market needs to gain liquidity around lower support zones.

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: 3674- 3676 SL 3681
TP1: $3666
TP2: $3650
TP3: $3640


🔥BUY GOLD zone: $3596-$3598 SL $3591
TP1: $3608
TP2: $3620
TP3: $3633


⭐️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

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