Continue to maintain the accumulation price range below 4857

371
GOLDEN INFORMATION:

Gold price (XAU/USD) trades with mild losses near $4,760 during the early Asian session on Friday. The precious metal declines as market uncertainty persists regarding the fragility of the US-Iran ceasefire and reports of continued Middle East conflict, including the closure of the Strait of Hormuz.

Bloomberg reported on Thursday that Israeli Prime Minister Benjamin Netanyahu is seeking direct talks with Beirut, a day after the worst bombardment of the war killed more than 300 people in Lebanon and placed ‌the US-Iran ceasefire in jeopardy. However, there was no sign Iran was lifting its near-total blockade of the Strait of Hormuz, which has caused the worst-ever disruption to global energy supplies.

⭐️Personal comments NOVA:

Gold prices are consolidating and trading sideways around 4700-4800, awaiting today's CPI data.

⭐️SET UP GOLD PRICE

🔥SELL GOLD zone: 4855 - 4857 SL 4865
TP1: $4820
TP2: $4788
TP3: $4750

🔥BUY GOLD zone: 4605- 4603 SL 4595
TP1: $4640
TP2: $4678
TP3: $4702

⭐️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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