Gold's downward trend, 4582

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GOLDEN INFORMATION:

Gold (XAU/USD) adds to its intraday losses and touches a three-week low, below the $4,625 level, heading into the European session on Tuesday. The US Dollar (USD) regains some positive traction amid the uncertainty over the second round of US-Iran peace talks and turns out to be a key factor exerting pressure on the commodity. However, expectations for a less hawkish US Federal Reserve (Fed) could offer some support to the non-yielding bullion and help limit further losses ahead of the key central bank event risk.

⭐️Personal comments NOVA:

Gold prices broke through 4666, continuing their downward trend. The market continued to correct sharply below 4600.

⭐️SET UP GOLD PRICE

🔥SELL GOLD zone: 4666 - 4668 SL 4676
TP1: $4630
TP2: $4602
TP3: $4552

🔥BUY GOLD zone: 4582- 4580 SL 4572
TP1: $4608
TP2: $4638
TP3: $4666

⭐️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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