黃金現貨/美元
做空

Gold price consolidates below 4100.

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GOLDEN INFORMATION:

Gold (XAU/USD) maintains its offered tone through the Asian session on Friday and seems vulnerable after struggling to build on a two-day-old move up above the $4,100 mark. The US Dollar (USD) regains positive traction and reverses part of the previous day's heavy losses to its lowest level since June 17. Furthermore, inflation risks stemming from volatile crude oil prices keep bets on an interest rate hike by the US Federal Reserve (Fed) firmly on the table and exert some downward pressure on the non-yielding bullion.

⭐️Personal comments NOVA:

Gold prices mostly traded sideways around 4000-4100, with the market maintaining a consolidation zone and short-term rebounds.

⭐️SET UP GOLD PRICE

🔥SELL GOLD zone: 4099 - 4101 SL 4109
TP1: $4080
TP2: $4066
TP3: $4040

🔥BUY GOLD zone: 4030- 4028 SL 4020
TP1: $4044
TP2: $4060
TP3: $4088

⭐️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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