Gold price hidden 3200, waiting for opportunity to increase✍️ NOVA hello everyone, Let's comment on gold price next week from 05/19/2025 - 05/23/2025
🔥 World situation:
Gold prices dropped over 1.5% on Friday, poised to close the week with a steep loss of more than 4%, as improved risk sentiment drove investors away from safe-haven assets and toward equities and other riskier investments. At the time of writing, XAU/USD is trading around $3,187, retreating from a daily peak of $3,252.
The precious metal started the week on the back foot following reports of a significant de-escalation in the US-China trade conflict, including a mutual agreement to reduce tariffs by 115%, which triggered a sharp selloff in bullion. Despite fluctuating between $3,120 and $3,265 throughout the week, gold struggled to sustain bullish momentum, with fading buyer interest becoming increasingly evident amid stronger risk appetite and encouraging US economic data.
🔥 Identify:
Gold price is still in the accumulation phase waiting for a price decrease around 3200. Will be greatly affected by tariff news and Russia - Ukraine peace negotiations
🔥 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: $3265, $3357
Support: $3160, $3112
🔥 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
Shortgold
Rebound Phase After Oversold Level - Maintain Within Trend Line🔔🔔🔔 Gold news:
➡️ Gold prices continued their decline during Thursday’s Asian trading session, dropping to $2,120 — marking a new low since April 10. The easing of U.S.-China trade tensions has further reduced safe-haven demand for the precious metal, which is also under pressure from diminishing bets on a Federal Reserve interest rate cut.
➡️ Meanwhile, U.S. Dollar (USD) bulls remain on the sidelines, despite supportive factors, opting to wait for the release of the U.S. Producer Price Index (PPI) and an appearance by Federal Reserve Chair Jerome Powell later today. However, this cautious stance has provided little support for gold prices.
Personal opinion:
➡️ There is still no real clear momentum for gold prices to rise again. Currently, gold prices are recovering after being oversold, watching for technical areas to be able to sell gold at good prices.
➡️ Analysis based on important resistance - support and Fibonacci levels combined with EMA and trend lines to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell Gold 3187 - 3190
❌SL: 3194 | ✅TP: 3183 - 3178 – 3173
👉Buy Gold 3113 - 3116
❌SL: 3109| ✅TP: 3120 - 3125 – 3130
FM wishes you a successful trading day 💰💰💰
Gold price downtrend with PPI news⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) extended their decline for a second consecutive session on Thursday, marking the third drop in the past four days and slipping to a more than one-month low below the $3,150 mark during Asian trading hours. The sustained downward pressure is largely driven by renewed optimism following signs of a meaningful de-escalation in the US-China trade dispute — a development that has dampened demand for traditional safe-haven assets like gold.
The announcement of a 90-day trade truce between the world’s two largest economies has also helped ease recession fears in the U.S., prompting investors to scale back expectations for aggressive monetary policy easing by the Federal Reserve. This shift has supported a continued rise in U.S. Treasury yields, further weighing on demand for the non-interest-bearing yellow metal.
⭐️Personal comments NOVA:
Downtrend, bears continue to put downward pressure on the market, heading towards the 3100 price zone
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone : 3198- 3200 SL 3205
TP1: $3190
TP2: $3180
TP3: $3170
🔥BUY GOLD zone: $3101 - $3099 SL $3094
TP1: $3110
TP2: $3120
TP3: $3130
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable sell 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
no strong economic data - Maintain the downtrend towards 3200🔔🔔🔔 Gold news:
➡️ Gold (XAU/USD) climbed to $3,250 as weaker U.S. inflation data boosted market sentiment; however, gains were capped by the Federal Reserve's stance, with the central bank expected to implement only two rate cuts in 2025—less than the previously anticipated 100 basis points. April's slight dip in CPI eased pressure on the U.S. dollar, though the immediate impact of tariffs remained limited. Analysts warn that inflation could rise again as tariffs gradually push up the cost of goods.
Personal opinion:
➡️ Although the US economic data was weaker than expected, it was still not enough to push gold prices above 3270 and maintain the current downtrend. Today, there was no economic data that strongly impacted gold prices, so it may continue to decline slightly at 3200.
➡️ Analysis based on important resistance - support levels combined with EMA and trend lines to come up with a suitable strategy.
Personal Plan:
🔆Price Zone Setup:
👉Sell Gold 3275 - 3278
❌SL: 3282 | ✅TP: 3271 - 3266 – 3260
👉Buy Gold 3208 - 3205
❌SL: 3200 | ✅TP: 3212 - 3216 – 3220
FM wishes you a successful trading day 💰💰💰
Positive US-China trade talks cause gold to continue to fall🔔🔔🔔 Gold news:
➡️Gold prices (XAU/USD) faced selling pressure early Monday during the Asian session, dipping toward $3,275 amid a stronger US Dollar. The decline was driven by optimism surrounding US-China trade talks held over the weekend in Geneva, Switzerland. Both countries reported “significant progress” after two days of negotiations aimed at easing trade tensions. Chinese Vice Premier He Lifeng described the discussions with US officials as an “important first step” toward stabilizing bilateral trade relations, while US Treasury Secretary Scott Bessent also confirmed “substantial progress” had been made.
Personal opinion:
➡️ Specific actions taken by the world’s two largest economies could potentially reduce the demand for safe-haven assets. However, it can be reaffirmed that the overall ongoing uncertainty surrounding tariffs likely remains the key underlying factor supporting gold.
➡️ Analysis based on important resistance - support and Fibonacci levels combined with trend lines and EMA to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy Gold 3222 - 3225
❌SL: 3218 | ✅TP: 3229 - 3233 – 3237
👉Sell Gold 3323 - 3326
❌SL: 3330 | ✅TP: 3319 - 3315 – 3310
FM wishes you a successful trading day!
Continue the downtrend and wait for US CPI🔔🔔🔔Gold news:
➡️ Gold (XAU/USD) edged lower to around $3,217 during early Asian trading on Tuesday. The precious metal remains under pressure due to a stronger US dollar, rising US Treasury yields, and optimism surrounding the US-China trade deal.
➡️ Improved risk sentiment following the announcement of a temporary agreement between the US and China to reduce tariffs has weighed on safe-haven assets like gold. The new measures will be in effect for 90 days.
Personal opinion:
➡️ Gold prices will maintain their downward momentum today following the impact of positive US-China tariff negotiations. and wait for CPI news from early this afternoon.
➡️ Analysis based on important resistance - support and Fibonacci levels combined with EMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Buy Gold 3293 - 3296
❌SL: 3285 | ✅TP: 3297 - 3303 – 3310
👉Sell Gold 3202 - 3205
❌SL: 3198 | ✅TP: 3209 - 3214 – 3220
FM wishes you a successful trading day 💰💰💰
Maintain Downtrend - Waiting for US-China Trade Negotiations🔔🔔🔔 Gold news:
➡️Gold prices declined for a third consecutive day on Friday amid a combination of bearish factors. Optimism surrounding the US-UK trade deal and upcoming US-China negotiations weakened demand for safe-haven assets. Meanwhile, the Federal Reserve’s hawkish pause boosted the US Dollar to its highest level in weeks, adding further pressure on the XAU/USD pair.
Personal opinion:
➡️ Gold prices show a more gradual correction after breaking down the over-weighted price zones, and will continue to maintain this selling pressure in the short term. and wait for the market’s reaction tomorrow to the US-China trade talks
➡️Analysis based on important resistance - support and Fibonacci levels combined with trend lines to come up with a suitable strategy
Personal plan:
🔆Price Zone Setup:
👉Sell Gold 3324 - 3327
❌SL: 3331 | ✅TP: 3320 -3315- 3310
👉Sell Gold 3223 - 3226
❌SL: 3219 | ✅TP: 3230 -3235- 3240
FM wishes you a successful trading day 💰💰💰
H4 frame accumulation 2 trend lines✍️ NOVA hello everyone, Let's comment on gold price next week from 05/12/2025 - 05/16/2025
🔥 World situation:
Gold prices advanced over 1% on Friday, rebounding as the US Dollar (USD) softened following a two-day winning streak, pressured by declining US Treasury yields. Renewed risk-off sentiment, fueled by persistent geopolitical tensions, bolstered demand for the safe-haven metal. At the time of writing, XAU/USD is trading near $3,338.
US equity markets slipped as investors adopted a cautious stance ahead of Saturday’s high-stakes meeting between US and Chinese delegations in Switzerland. While hopes for a de-escalation in trade tensions remain elevated, uncertainty continues to dominate sentiment.
Adding to the volatility, US President Donald Trump reignited trade concerns by stating on social media, “80% Tariff on China seems right! Up to Scott B.”
🔥 Identify:
Gold prices slow down, starting to accumulate more. Trade negotiations will appear more, putting selling pressure on gold prices in the near future.
🔥 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: $3402, $3435
Support : $3282, $3203
🔥 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
Break out 3360 and short term downtrend, but be careful🔔🔔🔔 Gold news:
➡️ Gold extended its previous day's pullback, dropping nearly 1% to $3,323 on Thursday as improved risk sentiment weighed on the safe-haven asset. The shift in mood came ahead of an expected announcement by President Donald Trump regarding a trade deal with the UK, scheduled for a 14:00 GMT press conference in Washington, according to sources familiar with the matter.
➡️ Additional overnight momentum came from the Fed's rate decision and comments by Fed Chair Jerome Powell, who highlighted signs of recovery in the U.S. economy.
Personal opinion:
➡️ A US-UK trade deal is the beginning of positive negotiations with other countries. However, the two main characters of the US and China are not yet guaranteed. Therefore, the price of gold may fall because of positive information from tariffs, but that is not all. In addition, the Middle East war and India-Pakistan are still the driving force that keeps gold from falling too much.
➡️ Analysis based on important resistance - support zones and Fibonacci combined with EMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell Gold 3355 - 3357
❌SL: 3362 | ✅TP: 3351 - 3346 – 3340
👉Buy Gold 3305 - 3307
❌SL: 3300 | ✅TP: 3311 - 3316 – 3322
FM wishes you a successful trading day 💰💰💰
bullish momentum, accumulating around 3400⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) regained strong upward momentum during the Asian session on Thursday, rebounding sharply above the $3,400 level in the past hour and recovering much of its overnight pullback from a two-week high. The renewed demand for the safe-haven metal comes as US President Donald Trump downplayed expectations of an imminent resolution to the US-China trade dispute, stating he feels "no rush" to finalize an agreement. Heightened geopolitical tensions—including the ongoing Russia-Ukraine war, instability in the Middle East, and escalating military friction between India and Pakistan—further support gold's appeal as a defensive asset.
⭐️Personal comments NOVA:
Gold price continues to recover well around 3400, FED's speech is quite moderate, predicted early by investors, the market is positive in the recovery trend this week
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone : 3438- 3440 SL 3445
TP1: $3425
TP2: $3410
TP3: $3395
🔥BUY GOLD zone: $3352 - $3350 SL $3345
TP1: $3365
TP2: $3380
TP3: $3400
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable sell 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
Sideway range, gold price accumulates below 3302⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) kicked off the week on a positive note, rising toward the $3,271 level during Monday’s Asian session as a blend of geopolitical and economic concerns fueled demand for the safe-haven asset. The prolonged Russia-Ukraine conflict, coupled with renewed tensions in the Middle East, continues to elevate global risk sentiment. Meanwhile, lingering uncertainty surrounding US President Donald Trump's tariff agenda has added to investor caution, further supporting the appeal of gold as a hedge in times of instability.
⭐️Personal comments NOVA:
Gold price continues to accumulate, low amplitude at the beginning of the week, waiting for the most important interest rate information this week
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone : 3302- 3304 SL 3309
TP1: $3290
TP2: $3280
TP3: $3270
🔥BUY GOLD zone: $3204 - $3206 SL $3199
TP1: $3215
TP2: $3224
TP3: $3240
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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
Positive tariff news favors lower gold prices - wait for FOMC🔔🔔🔔 Gold news:
➡️ Gold prices ended the week down around 2.50% as improved risk appetite - driven by easing trade tensions and a strong US jobs report - prompted investors to book profits ahead of the weekend.
➡️ Over the weekend, China's Ministry of Commerce said the US was open to trade and tariff talks, reaffirming that Beijing's door to dialogue remains open.
➡️ Bullion prices continued to fall after April's non-farm payrolls unexpectedly rose, beating expectations, while the unemployment rate remained unchanged from March. XAU/USD fell to an intraday low of $3,222 as traders reduced expectations for four rate cuts from just three now.
Personal opinion:
➡️ There is still no strong enough momentum for gold to continue rising and must wait for the upcoming FMOC. Therefore, gold will maintain a short-term downtrend in the beginning of next week
➡️ Note: any information about the US-China trade war is given top priority
➡️ Analysis based on resistance - support levels and trend lines combined with EMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Buy Gold 3293 - 3296
❌SL: 3190 | ✅TP: 3200 - 3205 - 3210
👉Sell Gold 3255 - 3258 (Scalping)
❌SL: 3263 | ✅TP: 3251 - 3246 - 3240
FM wishes you a successful trading week 💰💰💰
move below 3273-3270 zone and wait for reaction from US NF news🔔🔔🔔 Gold news:
➡️ Gold prices are holding modest gains heading into the European session, though bullish conviction remains lacking, and the metal continues to trade below the key $3,265–$3,2703 support-turned-resistance zone. Meanwhile, the US dollar has come under some selling pressure, snapping a three-day winning streak after hitting a three-week high.
➡️ A mix of factors is discouraging traders from making aggressive bullish bets, thereby capping further upside in the precious metal. Investors remain hopeful for easing trade tensions between the United States and China—the world’s two largest economies. This optimism supports a broader risk-on sentiment, which in turn undermines demand for safe-haven assets like gold.
Personal opinion:
➡️ The 3265–3273 zone is a strong resistance zone for gold. A break above this zone would mean the end of the short-term downtrend and vice versa. Therefore, buyers and sellers will be aggressive to secure this zone. Today's US NF news will be a strong driving force for gold prices before the tariff information appears and covers the market.
➡️ Analysis based on resistance - support levels and trend lines combined with EMA to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy Gold 3202- 3205
❌SL: 3198 | ✅TP: 3210 - 3215 – 3220
👉Sell Gold 3270 - 3272
❌SL: 3276 | ✅TP: 3266 - 3261 – 3255
FM wishes you a successful trading day 💰💰💰
NF fluctuates in a downward trend⭐️GOLDEN INFORMATION:
China’s Ministry of Commerce announced Friday that the United States has recently initiated communication through official channels, expressing interest in reopening talks on tariffs. Beijing is currently evaluating the proposal, fueling optimism that a resolution to the prolonged tariff standoff between the world’s two largest economies may be on the horizon.
This renewed hope for a breakthrough in trade negotiations helped lift the US Dollar to a three-week high on Thursday, pressuring Gold prices down toward the $3,200 mark. However, bullish momentum for the USD remains tempered as markets increasingly price in the likelihood of more aggressive rate cuts by the Federal Reserve, especially with the closely watched US Nonfarm Payrolls data looming.
⭐️Personal comments NOVA:
NF news volatility is certain, with the big accumulation from last week. Gold price has confirmed the trend after breaking 3267, will fluctuate in a downtrend below 3200
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone : 3312- 3310 SL 3317
TP1: $3290
TP2: $3280
TP3: $3270
🔥BUY GOLD zone: $3175 - $3177 SL $3170
TP1: $3185
TP2: $3200
TP3: $3210
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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
Short-term downtrend has formed 🔔🔔🔔 Gold news:
➡️ The US dollar continues to rebound following recent remarks from President Donald Trump, who stated that he has "potential" trade agreements with India, South Korea, and Japan, and expressed high confidence in reaching a deal with China.
➡️ Meanwhile, gold prices have been declining for the third consecutive day as of early Thursday, nearing a two-week low. Trade-related headlines have once again overshadowed US economic data, significantly impacting the traditional safe-haven appeal of gold.
Personal opinion:
➡️ Negative US fundamentals cannot help gold rise after positive signals from the trade war are still the decisive factor. Gold has broken the 3265 zone and turned into a short-term downtrend.
➡️ Analysis based on important resistance - support and Fibonacci levels combined with RSI to come up with a suitable strategy
Personal plan:
🔆Price Zone Setup:
👉Buy Gold 3191 - 3194
❌SL: 3186 | ✅TP: 3199 - 3205 – 3210
👉Sell Gold 3262 - 3265
❌SL: 3270 | ✅TP: 3257 - 3251 – 3245
FM wishes you a successful trading day 💰💰💰
Gold price weakens, correction 3176⭐️GOLDEN INFORMATION:
Gold’s intraday decline appears partly driven by technical selling pressure after decisively breaking below the key $3,265–$3,260 support zone. However, the US Dollar (USD) struggles to sustain any significant recovery as expectations grow for more aggressive Federal Reserve (Fed) rate cuts—fueled by an unexpected contraction in US GDP and signs of softening inflation. These factors may continue to support demand for the non-yielding precious metal, suggesting that traders should remain cautious before anticipating a deeper pullback from the recent all-time high near $3,500.
⭐️Personal comments NOVA:
Crossing the 3264 mark in the sideways price zone, gold prices continue to weaken.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone : 3270- 3272 SL 3277
TP1: $3260
TP2: $3250
TP3: $3240
🔥BUY GOLD zone: $3178 - $3176 SL $3171
TP1: $3185
TP2: $3200
TP3: $3210
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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
Gold has little momentum to continue rising - continues to fall 🔔🔔🔔 Gold news:
➡️ Gold prices reverse course during Monday’s U.S. trading session, recovering strongly from an intraday low of $3,268.03 to hover around $3,330. In the absence of major macroeconomic data, investors remained focused on trade developments. Mixed headlines regarding U.S.-China trade negotiations stirred some concerns after a quiet start to the day, with cautious optimism leading earlier sessions in Asia and Europe, thereby putting pressure on demand for the U.S. Dollar.
➡️ However, gold struggled to maintain its overnight rebound and faced renewed selling pressure during Tuesday's Asian session. Signs of easing U.S.-China trade worries and optimism about potential trade deals from the U.S. continued to support a risk-on sentiment, weighing on the appeal of the safe-haven metal.
Personal opinion:
➡️ Positive information about tariff negotiations is appearing more and more, and the parties are also easing trade tensions. So the gold price decrease is still maintained or at least difficult to increase further, unless there is a strong enough announcement to push the gold price up
➡️ Analysis based on important resistance - support levels and Fibonacci combined with trend lines to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell Gold 3357 - 3360
❌SL: 3365 | ✅TP: 3352 - 3346 – 3340
👉Buy Gold 3270 - 3273
❌SL: 3265 | ✅TP: 3278 - 3283 – 3289
FM wishes you a successful trading day 💰💰💰
continue to accumulate, gold price waiting for NF⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) continues its downward trajectory, slipping toward $3,315 during early Asian trading on Wednesday as improving global risk sentiment and signs of easing trade tensions weigh on demand for the safe-haven asset. Market participants remain cautious ahead of key US economic data releases, including the ADP Employment Change, the Core PCE Price Index, and the preliminary Q1 GDP figures, all scheduled for later in the day.
Meanwhile, US President Donald Trump is reportedly aiming to reduce the overall impact of automotive tariffs by avoiding cumulative duties on foreign vehicles and loosening restrictions on imported parts used in domestic production. Treasury Secretary Scott Bessent added that major trade partners have made “very good” proposals to avert further US tariffs. Furthermore, exemptions on select US goods from retaliatory duties suggest a growing intent to de-escalate ongoing trade disputes.
⭐️Personal comments NOVA:
Gold price maintains accumulation range of 3265 - 3360, temporary stability awaits big fluctuations
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone : 3368- 3370 SL 3375
TP1: $3350
TP2: $3340
TP3: $3330
🔥BUY GOLD zone: $3264 - $3262 SL $3257
TP1: $3280
TP2: $3300
TP3: $3318
🔥BUY GOLD zone: $3285 - $3283 SL $3280 scalping
TP1: $3290
TP2: $3295
TP3: $3300
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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
What is gold waiting for? Stuck in the 3300 area⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) fails to build on Monday’s rebound from the key $3,265–$3,260 support zone, encountering renewed selling pressure during the Asian session on Tuesday. Although signals from the US and China remain mixed, investor sentiment remains buoyed by hopes of a potential easing in trade tensions between the world’s two largest economies. Additionally, signs of advancement in tariff negotiations have further bolstered optimism, dampening the appeal of the safe-haven metal.
⭐️Personal comments NOVA:
Gold price needs to be boosted by economic news to break out of the sideways price range around 3300, continue to wait today around 3300
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone : 3366- 3368 SL 3373
TP1: $3350
TP2: $3340
TP3: $3330
🔥BUY GOLD zone: $3267 - $3265 SL $3260
TP1: $3280
TP2: $3300
TP3: $3318
🔥BUY GOLD zone: $3301 - $3299 SL $3296 scalping
TP1: $3305
TP2: $3310
TP3: $3320
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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
Trade talks improve and confidence returns🔔🔔🔔 Gold news:
➡️ Gold prices declined as improved risk sentiment weakened demand for safe-haven assets. Optimistic U.S. macroeconomic data released on Thursday supported the USD, limiting gains for the precious metal.
➡️ On Friday, the U.S. dollar showed signs of recovery as market sentiment remained upbeat due to positive developments in trade negotiations. According to Reuters, the Trump administration appeared to be making progress in preliminary trade talks with Asian allies South Korea and Japan.
Personal opinion:
➡️ The sellers are gaining the upper hand thanks to optimistic news, and the buyers are resting due to little news affecting the upward momentum of gold prices.
The analysis is based on resistance - support levels and Pivot points combined with EMA to come up with a suitable strategy.
Personal plan:
🔆Price Zone Setup:
👉Buy Gold 3281 - 3284
❌SL: 3277 | ✅TP: 3289 - 3294 – 3300
👉Sell Gold 3369 - 3372
❌SL: 3377 | ✅TP: 3365 - 3360 – 3355
FM wishes you a successful trading day 💰💰💰
Sellers continue to dominate the market today.🔔🔔🔔 Gold news:
➡️ The US dollar (USD) continues to attract buying interest driven by short-covering and easing US-China trade tensions, maintaining downward pressure on gold prices denominated in USD, even as US Treasury yields and risk sentiment decline once again.
➡️ With trade tensions between the US and China subsiding, market focus is shifting back to US fundamentals and the Federal Reserve's interest rate outlook, which could potentially support gold prices in the coming days.
Personal opinion:
➡️ Gold continues to maintain a downtrend today, following positive trade negotiations between the US and related countries.
➡️ However, it is necessary to closely monitor the US-China trade negotiations. This is still the main focus of the market
➡️ Analysis based on resistance - support levels combined with Fibonacci and EMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell Gold 3367 - 3370
❌SL: 3375 | ✅TP: 3362 - 3356 – 3350
👉Buy Gold 3244 - 3247
❌SL: 3240 | ✅TP: 3252 - 3258 – 3265
FM wishes you a successful trading day 💰💰💰
Positive trade talks could send gold prices lower next week🔔🔔🔔 Gold news:
➡️ Gold reversed its Thursday recovery and slipped to around $3,300 per ounce by the weekend as market sentiment continued to improve, driven by optimism over positive developments in the U.S.-China trade dispute. U.S. Treasury Secretary Scott Bessent stated that the United States and South Korea could reach a "mutual understanding" on trade as early as next week, according to Bloomberg. The growing number of headlines suggesting potential trade agreements is adding downward pressure on gold prices.
Personal opinion:
➡️ Positive trade agreements are emerging, and the market is gradually pricing in positive news, causing gold to continue to decline early next week
➡️ Note: The trade war remains the focus and any negative news could affect gold prices and cause the upward trend to resume.
➡️ Analysis based on important resistance - support levels and Fibonacci combined with EMA to come up with a suitable strategy
Resistance zone: 3370 - 3433 - 3500
Support zone: 3270 - 3253 - 3145
FM wishes you a successful trading week💰💰💰
H4 downtrend line, gold price cools down✍️ NOVA hello everyone, Let's comment on gold price next week from 04/28/2025 - 05/02/2025
🔥 World situation:
Gold prices reversed course on Friday, wiping out Thursday’s gains and slipping below the $3,300 threshold, as persistent US Dollar strength weighed heavily on the precious metal despite declining US Treasury yields. The easing of tensions in the US-China trade dispute further pressured bullion, with XAU/USD trading around $3,294, down more than 1.6%.
Market sentiment remains fragile, swinging sharply between risk-on and risk-off modes in response to comments from US President Donald Trump. Earlier, Bloomberg reported that China was considering tariff exemptions on some US goods, sparking optimism. However, the mood soured after Trump asserted that he would not lift tariffs on China without significant concessions.
🔥 Identify:
News about Russia-Ukraine peace talks this weekend will continue to put selling pressure on gold prices next week. Moving along the downtrend line H4
🔥 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: $3357, $3498
Support : $3228, $3155
🔥 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