Gold continues to rise in price - recovering.

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GOLDEN INFORMATION:

Gold (XAU/USD) struggles to capitalize on a two-day recovery from the $4,500 mark, or over a one-month low, and oscillates in a range during the Asian session on Thursday. The commodity trades flat around the $4,700 mark as bulls now seem hesitant and opt to wait for further clarity over a potential US-Iran peace deal before placing fresh bets. Meanwhile, the downside remains cushioned amid fading hawkish US Federal Reserve (Fed) bets and a broadly weaker US Dollar (USD), which tends to benefit the bullion.

⭐️Personal comments NOVA:

Gold's upward trend - gold prices recovered and consolidated above 4700, awaiting a breakout and continued price increase.

⭐️SET UP GOLD PRICE

🔥SELL GOLD zone: 4770 - 4772 SL 4780
TP1: $4745
TP2: $4723
TP3: $4700

🔥BUY GOLD zone: 4640- 4638 SL 4630
TP1: $4666
TP2: $4688
TP3: $4725

⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas .

⭐️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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