Gold is accumulating and rising in price, awaiting NF.

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GOLDEN INFORMATION:

Gold (XAU/USD) clings to modest intraday gains through the Asian session on Friday and remains well within striking distance of an over two-week top, touched the previous day. Despite renewed hostilities in the Strait of Hormuz, investors seem hopeful over a potential US-Iran peace deal. This triggers a fresh leg down in Crude Oil prices, easing inflationary concerns and tempering bets for a more hawkish US Federal Reserve (Fed). The outlook, in turn, keeps a lid on any further US Dollar (USD) appreciation and turns out to be a key factor acting as a tailwind for the bullion.

⭐️Personal comments NOVA:

Gold is consolidating and recovering - H1 chart shows bullish structure maintaining above 4700 ahead of NF news.

⭐️SET UP GOLD PRICE

🔥SELL GOLD zone: 4800 - 4802 SL 4810
TP1: $4777
TP2: $4750
TP3: $4722

🔥BUY GOLD zone: 4660- 4658 SL 4650
TP1: $4680
TP2: $4708
TP3: $4740

⭐️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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