Uptrend at the end of the week 3367, maintain the upward force

7 天前

⭐️GOLDEN INFORMATION:

Gold prices (XAU/USD) are on track to notch a third straight day of gains on Friday, climbing toward the upper boundary of this week’s trading range as escalating trade tensions fuel safe-haven demand. In a significant intensification of global trade disputes, US President Donald Trump issued formal notices this week to multiple trading partners, detailing individual tariff rates set to take effect on August 1 should no agreements be reached. This has rattled investor sentiment and weighed on risk assets, offering solid support to Gold.

Meanwhile, expectations for an imminent interest rate cut by the Federal Reserve (Fed) have cooled following last week’s strong US jobs data. As a result, the US Dollar (USD) remains firm, holding near a more than two-week high reached on Thursday. This USD strength could limit the upside for the non-yielding yellow metal in the near term. Therefore, traders may look for a sustained breakout before committing to further bullish positions in the XAU/USD pair.


⭐️Personal comments NOVA:

Gold price breaks 3330, maintaining good buying pressure, recovering at the end of the week

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: 3367- 3369 SL 3374
TP1: $3355
TP2: $3342
TP3: $3325


🔥BUY GOLD zone: $3306-$3308 SL $3301
TP1: $3315
TP2: $3325
TP3: $3338


⭐️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

7 天前

交易進行

Gold sideway around 3330-3344