Gold prices recover - truce - 4900

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GOLDEN INFORMATION:

Gold price (XAU/USD) rises to near $4,815 during the early Asian session on Wednesday. The precious metal attracts some buyers after US President Donald Trump agrees to suspend Iran bombing for two weeks.

Trump revealed in a post on Truth Social late Tuesday that he’d agreed to a two-week ceasefire with Iran on the condition that Iran agree to reopen the critical Strait of Hormuz. A White House official said that Israel has also agreed to the ceasefire.

⭐️Personal comments NOVA:

Two-week ceasefire between the US and Iran: the main reason for gold price growth and its potential towards $4900.

⭐️SET UP GOLD PRICE

🔥SELL GOLD zone: 4900 - 4903 SL 4910
TP1: $4875
TP2: $4840
TP3: $4802

🔥BUY GOLD zone: 4707- 4710 SL 4700
TP1: $4737
TP2: $4760
TP3: $4792

⭐️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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