Gold Spot / U.S. Dollar
Short

continue to accumulate - trading below 4000

124
✍️ NOVA hello everyone, Let's comment on gold price next week from 11/10/2025 - 11/14/2025

⭐️GOLDEN INFORMATION:

Gold (XAU/USD) climbs 0.64% during Friday’s North American session, trading near $4,002 after rebounding from a daily low of $3,974. The ongoing US government shutdown and rising risk aversion keep equities under pressure, boosting demand for the safe-haven metal.
Gains in bullion are further supported by growing expectations of a December Fed rate cut. Meanwhile, the University of Michigan’s preliminary Consumer Sentiment Index for November dropped to its lowest level since June 2022, reflecting mounting concerns over the shutdown’s potential impact on the US economy.

⭐️Personal comments NOVA:

The market continues to be in a wait-and-see mode, accumulating as the US government remains shut down, and economic data from the US is delayed.

🔥 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: $4022, $4084
Support: $3961, $3917, $3885


🔥 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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