Gold prices are adjusting and consolidating around 4500.

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GOLDEN INFORMATION:

Gold price (XAU/USD) gains nearly 2% on Wednesday as Oil futures prices tumbled amid growing speculation that the US and Iran would begin talks to end the conflict that started nearly four weeks ago. At the time of writing, XAU/USD trades at $4,556.

Bullion rebounds as easing war fears drag Crude lower; US Treasury yields tumble

The US sent Iran a 15-point proposal that could end the war that began nearly four weeks ago. If Tehran agrees to resume talks with Washington, they could begin as early as Thursday and be held in either Pakistan or Turkey.

⭐️Personal comments NOVA:

Gold prices are consolidating slowly around 4500, with the market gradually stabilizing after a sharp drop..

⭐️SET UP GOLD PRICE

🔥SELL GOLD zone: 4638 - 4640 SL 4645
TP1: $4620
TP2: $4600
TP3: $4570

🔥BUY GOLD zone: 4425- 4423 SL 4418
TP1: $4450
TP2: $4470
TP3: $4500

⭐️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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