Accumulation and price appreciation – around the 4,400 level.GOLDEN INFORMATION:
Gold (XAU/USD) trims a part of its intraday gains and trades below the $4,400 mark heading into the European session on Wednesday, still up 0.50% for the day. Nevertheless, the commodity remains within striking distance of the highest level since June 5, which was touched on Tuesday, as traders keenly await the release of the US Consumer Price Index (CPI) report. The crucial data would offer more cues about the US Federal Reserve's (Fed) future policy path amid inflation risks stemming from volatile oil prices, which, in turn, will drive the US Dollar (USD) and provide some meaningful impetus to the non-yielding yellow metal.
⭐️Personal comments NOVA:
Gold prices are maintaining an upward trend, with buying interest accumulating around the 4400 level; investors are becoming optimistic about a potential recovery in gold prices.
⭐️SET UP GOLD PRICE
🔥SELL GOLD zone: 4498 - 4500 SL 4508
TP1: $4480
TP2: $4462
TP3: $4444
🔥BUY GOLD zone: 4317- 4315 SL 4307
TP1: $4330
TP2: $4344
TP3: $4360
⭐️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 
Long
scalping - Resistance for the sellers at 4435.1. Overall Trend
Current Trend: Medium-term Bullish – Short-term Correction
Gold remains in a clear uptrend, supported by the rising trendline.
Price recently rejected the 4,435–4,440 resistance zone and corrected toward 4,360.
Current price is around 4,372, slightly below EMA 9 ≈ 4,377, but still well above EMA 89 ≈ 4,329.
EMA 9 > EMA 89, confirming that the broader H2 trend remains bullish.
The histogram has weakened toward the zero line, indicating that bullish momentum is temporarily losing strength.
RSI(14) ≈ 47.3, below 50, confirming short-term selling pressure but without reaching oversold conditions.
2. Price Structure
H2 Structure:
Higher High: ~4,437
Higher Low: ~4,362
Current Price: ~4,372
The bullish structure remains intact as long as price holds above the rising trendline and the 4,360 support zone.
Current Pattern:
Bullish Trend → Resistance Rejection → Pullback → Potential Bullish Continuation
-----------
SELL GOLD zone : 4432 - 4435
SL : 4440
TP : 4415 - 4390 - 4377
------------ Long 
Long 
Uptrend – waiting for a breakout at 4435.1. Main Trend
Current Trend: Bullish – Bullish Consolidation
Price is currently around 4,413.8, holding above EMA 9 ≈ 4,404.3 and EMA 89 ≈ 4,360.5.
EMA 9 > EMA 89 → the medium-term trend remains positive.
Following the strong rally, price is forming a Higher Low, indicating that buyers remain in control.
The ascending red trendline is acting as dynamic support.
The histogram remains positive, confirming that bullish momentum is still intact.
RSI(14) ≈ 61.5 → above 50 but not yet overbought, leaving room for further upside.
2. Price Structure
Higher Low: ~4,407
Resistance: 4,434–4,435
Current Price: ~4,414
Current Pattern:
Bullish Recovery → Higher Low → Resistance Retest → Potential Breakout
Price is approaching the 4,430–4,435 resistance zone. A confirmed breakout and candle close above this area could open the way for further upside.
3. Key Levels
Resistance
4,430–4,435: Key resistance
4,450–4,460: Next target if the breakout is confirmed
Support
4,405–4,410: Short-term support, aligned with EMA 9 and the ascending trendline
4,360–4,370: Major support, near EMA 89 and the previous Higher Low zone
---------------
BUY GOLD zone : 4410 - 4407
SL : 4402
TP : 4418 - 4430 - 4445
-------------- Long 
Uptrend – gold price holds above 4,400.1. Overall Trend
Current Trend: Strong Bullish – Short-term Consolidation
Gold has broken strongly above the previous 3,960–4,200 consolidation range, confirming a bullish structural shift.
Price is currently around 4,411, holding well above:
EMA 9 ≈ 4,386
EMA 89 ≈ 4,327
EMA 9 > EMA 89, confirming strong bullish momentum on the H1 timeframe.
The histogram remains positive, indicating that buyers continue to dominate.
RSI(14) ≈ 65.6 remains above 50, supporting the bullish bias, although momentum is no longer in extreme overbought territory.
👉 Conclusion: The H1 outlook remains bullish. The current sideways movement near 4,400 should be viewed as consolidation after the recent breakout rather than a confirmed reversal.
2. Price Structure
H1 Structure:
Higher Low: ~4,300
Higher High: ~4,434
Current Price: ~4,411
The market is maintaining a clear sequence of:
Accumulation → Breakout → Strong Rally → Consolidation → Potential Continuation
The 4,300–4,327 area is now an important support zone. As long as price remains above this area, the bullish structure stays intact.
-----------------
SELL GOLD zone : 4497 - 4500
SL : 4505
TP : 4480 - 4460 - 4438
------------------
Long 
Strong upward momentum – breaking through 4400.1. Overall Trend
Current Trend: Strong Bullish – Short-term Pullback Possible
Gold has made a strong breakout from the 3,960–4,180 consolidation range and continues to maintain a clear bullish structure.
Price is currently around 4,424, trading significantly above:
EMA 9 ≈ 4,371.7
EMA 89 ≈ 4,188.5
EMA 9 remains above EMA 89, confirming a strong bullish H2 trend.
The histogram remains positive and continues to rise, indicating strong buying momentum.
However, RSI(14) ≈ 80.3 has entered the overbought zone, increasing the risk of a short-term pullback or consolidation.
👉 Conclusion: The H2 outlook remains strongly bullish, but price is currently extended. It is preferable to wait for a pullback toward support rather than chase the market at current levels.
2. Price Structure
H2 Structure:
Higher Low: ~4,222
Higher High: ~4,424+
Current Price: ~4,424
Current Structure:
Accumulation → Breakout → Strong Rally → Pullback/Continuation
As long as price holds above the 4,300–4,320 zone, the Higher Low structure remains intact.
-----------
BUY GOLD zone : 4367 - 4364
SL : 4359
TP : 4390 - 4420 - 4444
------------ Long 
Scalping - Accumulation and price appreciation above 4315.1. Trend Overview
Current Trend: Medium-term Bullish – Short-term Correction
Gold rallied strongly from the 4,230–4,280 consolidation zone, broke out, and reached around 4,370.
Price is currently correcting around 4,343 after rejection near the highs.
Price remains above EMA 89 ≈ 4,277.9, keeping the medium-term trend bullish.
EMA 9 ≈ 4,344.6 is moving sideways near price, indicating weakening short-term momentum.
RSI(14) ≈ 55.7 remains above 50 but is declining, showing that buying pressure is still present but losing strength.
The histogram remains positive, suggesting the bullish structure is still intact.
👉 Conclusion: H1 remains bullish, but price is entering a pullback/consolidation phase. The 4,310–4,315 zone is a key support area to watch.
2. Price Structure
H1 Structure:
Higher High: ~4,370
Higher Low: ~4,312
Current Price: ~4,343
After forming the 4,370 high, price has entered a correction while maintaining the Higher Low structure.
Current Pattern:
Bullish Breakout → Consolidation → Pullback → Potential Bullish Continuation
The descending red trendline is acting as dynamic resistance. Price has broken above it and is now retesting the surrounding support zone.
----- -------------
BUY GOLD zone : 4315 - 4312
SL : 4307
TP : 4330 - 4348 - 4360
--------------------
Long 
continue to maintain the upward trend above the 4300 level1. Trend Overview
Current Trend: Strong Bullish, with a Short-term Correction
Gold has made a strong breakout from the consolidation zone around 4,050–4,100, rallying rapidly toward 4,360–4,370.
After reaching a high around 4,369, price is now correcting and consolidating around 4,325, but the bullish structure remains intact.
EMA 9 ≈ 4,325.8 remains well above EMA 89 ≈ 4,181.8, confirming that the medium-term trend is still bullish.
Price remains above the EMA 89, meaning the bullish structure has not been broken.
The histogram remains above 0, indicating that bullish momentum is still present.
RSI(14) ≈ 62.4 remains above the 50 level but has declined from overbought territory, showing that bullish momentum is cooling and a technical pullback is underway.
👉 Conclusion: The H2 outlook remains clearly bullish. The current decline should be viewed as a correction following a strong rally rather than a confirmed trend reversal.
2. Current Price Structure
H2 Structure:
Higher High: ~4,370
Higher Low: ~4,225
Current Price: ~4,325
The structure remains:
Higher Low → Higher High → Pullback → Potential Higher High
In particular, the 4,300 area is acting as an important short-term support zone. As long as price holds above this level, buyers maintain the advantage.
---------------
BUY GOLD zone : 4300 - 4297
SL : 4292
TP : 4315 - 4338 - 4358
------------- Long 
Price rally continues – gold returns to 4,400.GOLDEN INFORMATION:
Gold (XAU/USD) drifts lower at the start of a new week and moves away from its highest level since June 17, touched on Friday following the disappointing release of the US Nonfarm Payrolls (NFP) report. In fact, the crucial US monthly employment data showed that the economy unexpectedly lost 23K jobs in July, while the previous month's reading was also revised down to 20K from 57K. This pointed to signs of a cooling US labor market and undermined the case for the US Federal Reserve (Fed) to raise interest rates, which, in turn, weighed heavily on the US Dollar (USD) and provided a goodish lift to the non-yielding bullion.
⭐️Personal comments NOVA:
Gold prices continue to build upward momentum, holding above 4,300, with buying pressure dominating.
⭐️SET UP GOLD PRICE
🔥SELL GOLD zone: 4398 - 4400 SL 4408
TP1: $4380
TP2: $4360
TP3: $4344
🔥BUY GOLD zone: 4302- 4300 SL 4292
TP1: $4320
TP2: $4344
TP3: $4360
⭐️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 Long 
break 4300 - Gold prices continue to rise.1. Trend Overview
Current Trend: Short-term Bullish
Key Signals
Gold remains in a strong short-term uptrend, consistently forming Higher Highs (HH) and Higher Lows (HL).
Price has rebounded from the 38.2% Fibonacci retracement (~4,195) after a healthy correction, showing buyers are still defending the trend.
EMA 9 (~4,278) remains well above EMA 89 (~4,193), confirming that bullish momentum is intact.
Price is trading comfortably above both moving averages, indicating buyers continue to control the market.
RSI (14) ≈ 65 is above the neutral 50 level, suggesting bullish momentum remains strong without reaching extreme overbought conditions.
The momentum histogram stays above the zero line, confirming that buying pressure is still dominant.
👉 Conclusion: The H1 outlook remains bullish. As long as price holds above the 4,270–4,295 support zone, the probability of extending the rally toward new highs remains favorable.
2. Current Price Structure
H1 Structure
Higher Low: around 4,227
Higher High: around 4,297
Current Price: around 4,304
Price continues to print Higher Highs and Higher Lows, confirming that the bullish market structure remains intact.
The recent pullback appears to be a normal consolidation before another potential leg higher.
Current Pattern
Bullish Impulse → Bull Flag / Consolidation → Bullish Continuation
This is a classic continuation pattern that often appears during strong uptrends.
---------------
BUY GOLD zone : 4300 - 4297
SL : 4292
TP : 4318 - 4330 - 4355
--------------- Long 
Scalping - Consolidating, awaiting a breakout above 4,300.1. Trend Overview
Current Trend: Medium-term Bullish, Short-term Consolidation
Key Signals
Gold remains inside a well-defined ascending channel, confirming that the primary trend is still bullish.
After the recent rally, price is consolidating just below the 4,300 resistance zone, indicating buyers are taking profits while maintaining control.
A small bull flag / pennant has formed near the channel highs, which is typically a continuation pattern.
EMA 9 (≈ 4,271) remains well above EMA 89 (≈ 4,197), confirming that the medium-term bullish momentum is intact.
Price continues to trade above both moving averages, suggesting buyers are still dominating the market.
RSI (14) ≈ 56 has cooled from previous overbought levels and returned to neutral-bullish territory, leaving room for another upside move.
The momentum histogram remains positive, although it has weakened slightly, reflecting consolidation rather than a trend reversal.
👉 Conclusion: The H1 outlook remains bullish. As long as price holds above the 4,260–4,270 support zone, the probability favors another move toward new highs.
2. Current Price Structure
H1 Structure
Higher High: around 4,301
Higher Low: around 4,261
Current Price: around 4,274
Price continues to print Higher Highs and Higher Lows, confirming the existing uptrend.
Current Pattern
Bullish Channel → Bull Flag Consolidation → Potential Bullish Continuation
This pattern commonly appears after a strong impulsive rally before the next leg higher.
------------\
BUY GOLD zone : 4261 - 4258
SL : 4253
TP : 4277 - 4290 - 4310
-------------\ Long 
Long 
Continuing to rise – targeting 4367.1. Trend Overview
Current Trend: Strong Bullish Breakout
Key Signals:
Price has broken decisively above the symmetrical triangle, confirming the end of the previous consolidation phase.
The breakout occurred with strong bullish momentum, indicating buyers have regained full control.
Price is now trading well above both EMA 9 and EMA 89, confirming a strong bullish trend.
EMA 9 has crossed above EMA 89, reinforcing the positive momentum.
RSI (14) ≈ 83 has entered the overbought zone, reflecting exceptionally strong buying pressure. While this increases the chance of a short-term pullback, it does not invalidate the overall bullish trend.
The histogram remains strongly positive, confirming increasing upside momentum.
👉 Conclusion: The H1 outlook has turned decisively bullish after the triangle breakout. As long as price remains above the breakout zone around 4,100–4,120, the probability of extending the rally toward higher resistance levels remains high.
2. Current Price Structure
H1 Structure
Higher Low: around 4,070
Higher High: around 4,302
Current Price: around 4,302
The breakout above the descending trendline and triangle resistance has shifted the market structure from consolidation to a confirmed uptrend.
Current Pattern:
Symmetrical Triangle → Bullish Breakout → Trend Continuation
This is a classic continuation pattern that often leads to a strong impulsive rally after a prolonged consolidation.
-----------------
BUY GOLD zone : 4266 - 4263
SL : 4258
TP : 4280 - 4300 - 4328
---------------- Long 
Scalping - Pullback to the 4118 price level ! buy gold.1. Trend Overview
Current Trend: Short-term Bullish
Key Signals:
Price remains well above the ascending trendline, confirming that buyers are still in control.
A strong impulsive rally pushed gold to a new swing high near 4,180, followed by a healthy pullback.
EMA 9 (≈ 4,152) remains above EMA 89 (≈ 4,085), confirming strong bullish momentum.
Price is trading comfortably above both moving averages, reinforcing the prevailing uptrend.
RSI (14) ≈ 70–72 has entered the overbought zone, reflecting strong buying pressure while also increasing the likelihood of a short-term correction.
The histogram remains above the zero line, indicating that bullish momentum is still intact.
👉 Conclusion: The H1 trend remains bullish. A short-term pullback toward the 4,115–4,120 support zone (Fib 0.382) would be considered a healthy retracement before buyers attempt another move higher.
2. Current Price Structure
H1 Structure
Higher Low: around 4,115
Higher High: around 4,180
Current Price: around 4,158
The market continues to print Higher Highs and Higher Lows, confirming that the bullish structure remains intact.
Price is currently pulling back after a strong impulsive rally and testing the first Fibonacci retracement level.
Current Pattern:
Bullish Impulse → Fibonacci Pullback → Bullish Continuation
This is a classic trend-continuation pattern that often provides a favorable opportunity for buyers to re-enter.
---------
BUY GOLD zone : 4118 - 4115
SL : 4110
TP : 4130 - 4148 - 4170
------------ Long 
Bullish buying pressure – recovery above 4,100.1. Trend Overview
Current Trend: Short-term Bullish
Key Signals:
Price continues to trade above the ascending trendline (blue line), confirming that buyers remain in control of the short-term trend.
The recent pullback found support near the trendline before buyers pushed price back toward the descending long-term trendline.
EMA 9 (≈ 4,086) is above EMA 89 (≈ 4,065), confirming bullish short-term momentum.
Price is trading above both moving averages, reinforcing the positive outlook.
RSI (14) ≈ 65 remains above the neutral 50 level, indicating strong buying momentum, although it is approaching overbought territory.
The histogram remains above the zero line, confirming that bullish momentum is still intact.
👉 Conclusion: The H1 bias remains bullish. As long as price holds above the 4,085–4,090 support zone and the ascending trendline, the probability of extending the rally toward higher resistance levels remains favorable.
2. Current Price Structure
H1 Structure
Higher Low: around 4,089
Higher High: around 4,100
Current Price: around 4,100
Price continues to form Higher Lows and Higher Highs, confirming that the short-term uptrend remains intact.
The market is now testing a major descending trendline, where a breakout could trigger a stronger bullish expansion.
Current Pattern:
Ascending Trendline → Bullish Continuation → Breakout Test
This is a typical bullish continuation pattern that often precedes a move toward the next major resistance.
------------------
SELL GOLD zone : 4117 - 4120
SL : 4125
TP : 4105 - 4090 - 4066
------------------ Long 
Scalping - Gold prices remain stable above 4020.1. Trend Overview
Current Trend: Short-term Bearish
Key Signals:
Price failed to break above the descending trendline, indicating that sellers continue to defend the major resistance.
After testing the trendline near 4,070–4,075, price was rejected and has fallen back below the short-term ascending trendline, suggesting weakening bullish momentum.
EMA 9 (≈ 4,056) remains slightly below EMA 89 (≈ 4,057), confirming that the short-term trend is still bearish.
RSI (14) ≈ 46 has dropped below the neutral 50 level, showing that buying momentum is fading while sellers are regaining control.
The histogram has turned negative, confirming increasing bearish momentum.
👉 Conclusion: The H1 bias has shifted back to bearish. As long as price remains below the 4,056–4,057 resistance zone and the descending trendline, the probability of further downside remains high.
2. Current Price Structure
H1 Structure
Lower High: around 4,071
Higher Low: around 4,038
Current Price: around 4,050
After failing to break the descending trendline, price has formed a lower high and started to lose upward momentum. The break below the short-term ascending trendline suggests that sellers are gradually regaining control.
Current Pattern:
Failed Breakout → Trendline Breakdown → Bearish Continuation
This is a typical bearish continuation pattern, often signaling another move toward lower support levels.
--------------------
BUY GOLD zone : 4020 - 4017
SL : 4012
TP : 4033 - 4048 - 4060
------------------ Long 
Long 
Stable accumulation - gold price above 40301. Trend Overview
Current Trend: Bullish Consolidation within a short-term uptrend
Key Signals:
Price has broken above the previous descending trendline (blue line), confirming that the short-term bearish trend has ended.
EMA 9 (4,056) is trading around EMA 89 (4,062) during the retest phase. The gap between the two moving averages is narrowing, and a bullish crossover would further strengthen the uptrend.
Price is consolidating around the EMA 89 after pulling back from the 4,118 high, indicating a period of accumulation.
RSI (14) is around 47, reflecting neutral momentum with no signs of overbought or oversold conditions.
👉 Conclusion: The post-breakout structure remains constructive. As long as the 4,030–4,040 support zone holds, the probability of a continued move higher to retest the 4,110–4,118 resistance area remains favorable.
2. Current Price Structure
H1 Structure
Recent High: around 4,118
Nearest Support: 4,030–4,040
Immediate Resistance: 4,070–4,080
Major Resistance: 4,110–4,118
Current Price: around 4,055
Following the pullback from the 4,118 high, price established a bottom near 4,030 and has begun to recover. It is now testing the resistance area around the EMA 89.
This suggests that the market is in a post-breakout retest phase. If price breaks above the 4,070–4,080 resistance zone, it could continue its advance toward the 4,110–4,118 supply area.
----------------
BUY GOLD zone : 4030 - 4027
SL : 4022
TP : 4044 - 4060 - 4085
---------------- Long 
Follow trendline - gold recovers above 41001. Trend Overview
Current Trend: Short-term Bullish with a Technical Pullback
Key Signals:
Price remains above the ascending trendline (red line), indicating that the Higher Low structure is still intact.
EMA 9 (around 4,094) remains above EMA 89 (around 4,066), confirming that the short-term bullish trend is still valid.
After several failed attempts to break above the 4,110–4,116 resistance zone, price is pulling back toward the dynamic support provided by EMA 9 and the ascending trendline.
RSI (14) has declined to around 50, suggesting that bullish momentum has weakened but has not yet turned bearish.
👉 Conclusion: The H1 trend remains bullish. The current decline is viewed as a technical pullback to retest support before price potentially resumes its advance toward the 4,116–4,120 area, with a further upside target at 4,135–4,140.
2. Current Price Structure
H1 Structure
Higher Low: around 4,076
Immediate Resistance: 4,110–4,116
Current Price: around 4,083
After being rejected several times at the 4,110–4,116 resistance zone, price is pulling back to retest the ascending trendline and the 4,075–4,080 support area.
This suggests that the market is in a retest phase. If this support zone holds, the probability of forming a new Higher Low and continuing the bullish trend will increase significantly.
-----------------
BUY GOLD zone : 4076 - 4073
SL : 4068
TP : 4088 - 4100 - 4120
------------------ Long 
Scalping - Buy gold at 4040, accumulate.1. Trend Overview
Current Trend: Short-term Bullish Recovery within a Medium-term Range
Key Signals:
Price has rebounded strongly from the 4,030–4,040 support zone, forming a series of higher lows on the intraday chart.
EMA 9 (≈ 4,058) has crossed above EMA 89 (≈ 4,051), indicating improving short-term bullish momentum.
Price has broken above the short-term descending trendline (red line), suggesting the recent bearish pressure is weakening.
RSI (14) ≈ 55 is trading above the neutral 50 level, showing buyers are gradually gaining control without entering overbought territory.
The histogram has turned positive, confirming increasing bullish momentum.
👉 Conclusion: The H1 bias has shifted to bullish in the short term. As long as price holds above the 4,050–4,058 support area, the probability of extending higher toward the next resistance remains favorable.
2. Current Price Structure
H1 Structure
Higher Low: around 4,039
Higher High: around 4,066
Current Price: around 4,066
After bouncing from the recent low, price has broken the descending trendline and is now retesting the breakout area while holding above the moving averages.
The current structure suggests:
Breakout → Successful Retest → Bullish Continuation
This is a classic bullish continuation pattern that often appears during the early stage of a short-term recovery.
----------
BUY GOLD scalping : 4040 - 4037
SL : 4032
TP : 4052 - 4068 - 4088
----------- Long 
Middle East cools down - gold recovers above 41001. Trend Overview
Current Trend: Short-term Bullish
Key Signals:
Price has rebounded strongly from the 4,050–4,055 support zone, forming a short-term bottom.
EMA 9 (4,087) remains above EMA 89 (4,070), confirming strong short-term bullish momentum.
Following the recent pullback, price has moved back above both the EMA 9 and EMA 89.
RSI (14) has recovered to around 65, indicating improving buying momentum while still remaining below the overbought zone.
👉 Conclusion: Buyers have regained short-term control of the market. As long as price holds above the 4,080 area, the probability of extending the rally toward the 4,140–4,150 zone remains high.
2. Current Price Structure
H1 Structure
Higher Low: around 4,052
Current Price: around 4,103
Immediate Resistance: 4,108–4,115
After holding firmly above the 4,050 support zone, price has established a Higher Low and is now approaching the upper supply zone.
This suggests the market is in a recovery phase following the recent pullback, but a decisive break above the nearby resistance is needed to confirm a bullish continuation.
3. EMA & RSI Analysis
EMA
EMA 9 remains above EMA 89.
Both moving averages have started to slope upward.
→ This indicates that the short-term bullish trend remains intact.
RSI (14)
RSI is around 65.
Bullish momentum is improving, with room for further upside before reaching the overbought zone.
This suggests that buyers remain in control, although short-term pullbacks may occur as price approaches key resistance levels.
----------------
BUY GOLD zone : 4055 - 4052
SL : 4047
TP : 4070 - 4092 - 4115
----------------- Long 
