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Gold price recovers - resistance zone 4000

517
⭐️GOLDEN INFORMATION:

Gold (XAU/USD) bounces from an Asian session low near $3,916, edging away from a three-week trough hit on Monday. The metal’s pullback from record highs appears to pause, though gains remain limited as traders await the Fed’s policy decision, with a rate cut widely expected on Wednesday.

⭐️Personal comments NOVA:

Gold prices are recovering, as the market is looking forward to today's FED interest rate cut, regaining the 4000 mark.

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: 4050 - 4052 SL 4057
TP1: $4040
TP2: $4030
TP3: $4020

🔥BUY GOLD zone: 3886 - 3884 SL 3879
TP1: $3900
TP2: $3910
TP3: $3925

⭐️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

Penafian

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