GOLDEN INFORMATION:
Gold (XAU/USD) rallies over $50 from the $4,672 region, or the Asian session low on Monday, though it lacks follow-through buying. Reports suggest that Iran gave the US a new proposal on reopening the Strait of Hormuz and ending the war, with nuclear negotiations postponed for a later stage. This revives hopes for US-Iran peace talks and undermines the US Dollar's (USD) reserve currency status, which, in turn, acts as a tailwind for the commodity.
The optimism exerts some downward pressure on Crude Oil prices and eases inflationary concerns, leaving the door open for at least one 25-basis-point (bps) interest rate cut by the US Federal Reserve (Fed) in 2026. This turns out to be another factor weighing on the Greenback and benefiting the non-yielding Gold. However, a combination of factors might hold back traders from placing aggressive bullish bets on the XAU/USD pair and keep a lid on any meaningful appreciating move.
⭐️Personal comments NOVA:
Gold's accumulation continues - there is not much news to cause major fluctuations at the beginning of the week.
⭐️SET UP GOLD PRICE
🔥SELL GOLD zone: 4771 - 4773 SL 4781
TP1: $4750
TP2: $4725
TP3: $4700
🔥BUY GOLD zone: 4666- 4664 SL 4656
TP1: $4690
TP2: $4720
TP3: $4745
⭐️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
Gold (XAU/USD) rallies over $50 from the $4,672 region, or the Asian session low on Monday, though it lacks follow-through buying. Reports suggest that Iran gave the US a new proposal on reopening the Strait of Hormuz and ending the war, with nuclear negotiations postponed for a later stage. This revives hopes for US-Iran peace talks and undermines the US Dollar's (USD) reserve currency status, which, in turn, acts as a tailwind for the commodity.
The optimism exerts some downward pressure on Crude Oil prices and eases inflationary concerns, leaving the door open for at least one 25-basis-point (bps) interest rate cut by the US Federal Reserve (Fed) in 2026. This turns out to be another factor weighing on the Greenback and benefiting the non-yielding Gold. However, a combination of factors might hold back traders from placing aggressive bullish bets on the XAU/USD pair and keep a lid on any meaningful appreciating move.
⭐️Personal comments NOVA:
Gold's accumulation continues - there is not much news to cause major fluctuations at the beginning of the week.
⭐️SET UP GOLD PRICE
🔥SELL GOLD zone: 4771 - 4773 SL 4781
TP1: $4750
TP2: $4725
TP3: $4700
🔥BUY GOLD zone: 4666- 4664 SL 4656
TP1: $4690
TP2: $4720
TP3: $4745
⭐️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
Dear My Friends,
NOVA returns and updates new information
✅ Gold Scalping Signal: 4 - 6 signals.
✅ Forex Signal: 5 - 8 signals.
✅ Trading Idea / Setup / Technical.
✅ NEW UPDATE : Signals free in Telegram:
t.me/+1mFSljRaI5RlNjg1
NOVA returns and updates new information
✅ Gold Scalping Signal: 4 - 6 signals.
✅ Forex Signal: 5 - 8 signals.
✅ Trading Idea / Setup / Technical.
✅ NEW UPDATE : Signals free in Telegram:
t.me/+1mFSljRaI5RlNjg1
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Dear My Friends,
NOVA returns and updates new information
✅ Gold Scalping Signal: 4 - 6 signals.
✅ Forex Signal: 5 - 8 signals.
✅ Trading Idea / Setup / Technical.
✅ NEW UPDATE : Signals free in Telegram:
t.me/+1mFSljRaI5RlNjg1
NOVA returns and updates new information
✅ Gold Scalping Signal: 4 - 6 signals.
✅ Forex Signal: 5 - 8 signals.
✅ Trading Idea / Setup / Technical.
✅ NEW UPDATE : Signals free in Telegram:
t.me/+1mFSljRaI5RlNjg1
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.