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Start adjusting before April tariff policy ! XAU

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✍️ NOVA hello everyone, Let's comment on gold price next week from 03/24/2025 - 03/28/2025

🔥 World situation:

Gold prices decline for the second consecutive day but remain on track to close the week in positive territory, despite a stronger US Dollar (USD) and profit-taking ahead of the weekend. XAU/USD is currently trading at $3,019, down 0.81%.

Market sentiment remains cautious, though US equities are paring earlier losses. Meanwhile, bullion stays on the defensive as the USD regains momentum, with the US Dollar Index (DXY) edging up to 104.05, marking a 0.24% increase.

🔥 Identify:

Gold prices are in a short-term downtrend in the H4 frame, adjusting at the end of March, accumulating before tax policies in early April 2025.

🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:

Resistance: $3057, $3080
Support : $2982, $2910


🔥 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
- The winner is the one who sticks with the market the longest

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