Sideway - selling pressure awaiting FOMC decision.

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GOLDEN INFORMATION:

Gold price (XAU/USD) holds positive ground around $4,335 during the early Asian session on Wednesday. The precious metal rebounds from its lowest levels of the year, which reached last week after the United States (US) and Iran had agreed on a framework deal to end the war. All eyes will be on the US Federal Reserve (Fed) interest rate decision later on Wednesday.

Washington and Tehran are preparing to formally sign an interim peace deal that’s left both sides claiming victory, per Bloomberg. A US official said the full accord may be published in the next two days ahead of a signing ceremony in Switzerland

⭐️Personal comments NOVA:

The market is still consolidating between 4320 and 4355 ahead of the FOMC interest rate announcement. The market is anticipating significant volatility today, with sellers ready to take action.

⭐️SET UP GOLD PRICE

🔥SELL GOLD zone: 4431 - 4433 SL 4441
TP1: $4418
TP2: $4400
TP3: $4372

🔥BUY GOLD zone: 4219- 4217 SL 4209
TP1: $4238
TP2: $4255
TP3: $4280

⭐️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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