Gold prices rose back above 4400.

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⭐️GOLDEN INFORMATION:

Gold (XAU/USD) advances to around $4,370 in early Asian trading on Monday, supported by a sharp rise in geopolitical risk following reports that the United States has captured Venezuelan President Nicolás Maduro. The escalation has reinforced safe-haven demand, while markets closely track further developments and await the release of the US ISM Manufacturing PMI later in the session.

According to CNN, the Trump administration authorized a large-scale strike against Venezuela and detained President Maduro without congressional approval, with President Trump stating that the US would oversee Venezuela during a transitional period—adding a fresh layer of uncertainty to global markets.

⭐️Personal comments NOVA:

Gold prices broke through the 4400 resistance level, consolidated and traded sideways before continuing their recovery.

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: 4464 - 4466 SL 4471
TP1: $4450
TP2: $4435
TP3: $4420

🔥BUY GOLD zone: 4334 - 4332 SL 4327
TP1: $4345
TP2: $4360
TP3: $4375

⭐️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

Haftungsausschluss

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