Gold prices continue to trade sideways, remaining above 4800.

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GOLDEN INFORMATION:

Gold (XAU/USD) struggles to capitalize on the previous day's goodish rebound from the $4,737 area, or a one-week low, and attracts some sellers during the Asian session on Tuesday. The commodity slides closer to the $4,800 mark, though the downside seems cushioned as traders might refrain from placing aggressive directional bets amid continuing uncertainty over whether talks to end the US-Iran war will take place.

⭐️Personal comments NOVA:

Gold prices moved slowly around 4800, filling a gap and correcting downwards. Short-term consolidation continues.

⭐️SET UP GOLD PRICE

🔥SELL GOLD zone: 4890 - 4892 SL 4900
TP1: $4870
TP2: $4840
TP3: $4812

🔥BUY GOLD zone: 4737- 4735 SL 4727
TP1: $4750
TP2: $4777
TP3: $4800

⭐️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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