Selling pressure awaits today's CPI results.GOLDEN INFORMATION:
Gold (XAU/USD) recovers further from a nearly two-week low, touched earlier this Tuesday, and climbs above the $4,030 level heading into the European session. The US Dollar (USD) pauses following a strong two-day rally as bulls turn cautious ahead of US consumer inflation figures and Federal Reserve (Fed) Chair Kevin Warsh's testimony. This, in turn, is seen as a key factor that helps the precious metal to reverse a part of the previous day’s heavy losses. However, escalating US-Iran tensions and firming Fed rate-hike expectations favor the USD bulls, warranting some caution before positioning for any further appreciating move for the yellow metal.
⭐️Personal comments NOVA:
Selling pressure is mounting amid today's CPI results – a largely negative market outlook. The index is likely to fall below 4000.
⭐️SET UP GOLD PRICE
🔥SELL GOLD zone: 4052 - 4054 SL 4062
TP1: $4033
TP2: $4008
TP3: $3970
🔥BUY GOLD zone: 3960- 3958 SL 3950
TP1: $3977
TP2: $3990
TP3: $4015
⭐️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
Sellsetup
The downtrend continues below 4000.XAU/USD Technical Analysis (H1)
1. Trend
Short-term bias: Bearish
Price formed a top around 4,138 and started creating:
Lower Highs (LH)
Lower Lows (LL)
Price broke below the 4,050–4,060 support zone.
EMA9 is below EMA89, indicating bearish momentum remains dominant.
Price is currently trading below both EMAs.
➡️ The H1 structure remains in favor of sellers.
2. Key Resistance
4,018–4,022
Immediate resistance zone.
3. Key Support
4,000
Psychological support.
Price is currently testing this area.
3,958–3,960
Major support zone.
A break below this level could extend the downside move toward:
➡️ 3,930–3,920.
-------------------
BUY GOLD zone : 3959 - 3956
SL : 3951
TP : 3968 - 3980 - 3998
------------------
Scalping - Downward trend, sell gold at 40501. Trend
Short-term bias: Bearish.
Price trades below EMA9 and EMA89.
Lower Highs (LH) and Lower Lows (LL) confirm the downtrend.
The current rally is only a technical pullback.
2. Key Resistance
4,020–4,025
Immediate resistance.
Previous support turned resistance.
4,050–4,052
Strong resistance.
Confluence of EMA89 and the descending trendline.
Rejection here could resume the downtrend.
3. Key Support
3,995–4,000
Immediate support.
3,983
Major support.
Previous swing low.
A break below could extend the decline toward 3,950.
SELL GOLD: 4050–4053
SL: 4058
TP: 4033 → 4005 → 3982
XAUUSD (15M) – CPI News Technical AnalysisXAUUSD (15M) – CPI News Technical Analysis
Timeframe: 15 Minutes
Bias: Bearish below the descending trendline.
Current Price: Around 4017.
Sell Zone: 4017–4020 (after bearish confirmation).
Resistance / Stop Loss: Above 4046.
Support 1: 3999.
Main Target: 3965.
Invalidation: A strong candle closing above 4046 would weaken the bearish setup.
Professional Caption:
> XAUUSD is trading below a descending trendline ahead of CPI news. A rejection from the resistance zone could push price toward the next support level. Due to expected volatility, wait for confirmation before entering any trade and always use proper risk management. This analysis is for educational purposes only.
Gold price trending downwards below 4095.GOLDEN INFORMATION:
Gold (XAU/USD) opens with a modest bearish gap at the start of a new week and slides back closer to the $4,050 level during the Asian session. A further escalation of tensions between the US and Iran, along with the closure of the Strait of Hormuz, lifts crude oil prices and revives inflation fears. This, in turn, bolsters expectations of elevated interest rates by the US Federal Reserve (Fed), which benefits the safe-haven US Dollar (USD) and drives flows away from the bullion.
⭐️Personal comments NOVA:
Middle East tensions return, DXY continues to recover, selling pressure on gold falls below 4100. Accumulation zone resumes, maintaining at 4022 - 4095.
⭐️SET UP GOLD PRICE
🔥SELL GOLD zone: 4094 - 4096 SL 4104
TP1: $4080
TP2: $4060
TP3: $4044
🔥BUY GOLD zone: 4023- 4021 SL 4013
TP1: $4038
TP2: $4055
TP3: $4077
⭐️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
Selling pressure below 4100 - creating a gap.1. Trend
Short-term bias: Bearish.
Price remains below the descending trendline, indicating sellers are still in control.
EMA9 is below EMA89, signaling weakening bullish momentum.
The market continues to form lower highs and lower lows.
2. Key Resistance
4,080–4,085
Immediate resistance.
Confluence of EMA9 and previous support, now acting as resistance.
A rejection from this area could trigger another bearish move.
4,100–4,120
Strong resistance zone.
Coincides with the descending trendline and EMA89.
A breakout above this zone would weaken the current bearish structure.
4,120
Recent swing high.
A H1 close above this level would invalidate the short-term bearish outlook.
3. Key Support
4,050
Immediate support.
Price is currently testing this level.
4,021
Major support.
Previous swing low and a key demand zone.
A break below this level would confirm a continuation of the bearish trend.
-----------------------
SELL GOLD zone : 4094 - 4097
SL : 4102
TP : 4080 - 4062 - 4044
-------------------------
Accumulate - wait for a breakout of the trendline.✍️ NOVA hello everyone, Let's comment on gold price next week from 07/13/2026 - 07/17/2026
⭐️GOLDEN INFORMATION:
Gold (XAU/USD) price retreats on Friday during the North American session, pressured by US President Donald Trump's comments allowing the resumption of US-Iran talks, but reiterating that the ceasefire is “over.” The XAU/USD pair trades at around $4,103, down 0.48%.
XAU/USD falls as renewed war risks lift yields and Dollar
The yellow metal seems poised to end the week down 0.51%, driven by the escalation of the conflict. The Greenback erased its earlier losses, as the US Dollar Index (DXY), which measures the buck’s value against six currencies, holds firm at 100.94, unchanged.
⭐️Personal comments NOVA:
Gold prices are still consolidating within a downtrend around 4000-4200. Gold prices are primarily affected by changing news from the Middle East and the DXY recovery.
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $4200, $4380
Support: $4022, $3942
🔥 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
- The winner is the one who sticks with the market the longest
Maintaining accumulation - downward trend📈 1. Trend & Market Structure
Current Trend: Bearish Rejection Within a Short-Term Recovery
Based on the H1 chart:
Gold has rebounded from the 4,020–4,055 support zone but is now facing strong resistance at the long-term descending trendline.
Price remains above the EMA89 (~4,109), while the EMA9 (~4,121) has started to flatten, indicating bullish momentum is slowing.
The short-term structure still shows Higher Lows, but no Higher High has formed as price continues to be rejected around 4,135–4,140.
The current area is a key confluence of:
Long-term descending trendline
Horizontal resistance at 4,130–4,140
The recent swing high
RSI has eased to around 54–55, suggesting bullish momentum is fading and the market is entering a consolidation phase.
👉 Current Trend: Bearish Rejection. Selling opportunities remain favored if price continues to reject the resistance zone.
📊 2. Price Action Analysis
After rallying sharply from 4,020 to 4,137, gold failed to break above the descending trendline and has started consolidating below resistance.
Price is currently testing the 4,118–4,125 area, just beneath the descending trendline.
🔴 Resistance
4,130–4,140
4,165–4,170
4,180–4,185
🔵 Support
4,090–4,095
4,055–4,060
4,020–4,025
------------
BUY GOLD ZONE : 4057 - 4054
SL : 4049
TP : 4068 - 4082 - 4115
-------------
Accumulating around 4100 - gold trading sidewaysGOLDEN INFORMATION:
Gold (XAU/USD) struggles to capitalize on the previous day's positive move and meets with a fresh supply during the Asian session on Friday. As investors digest Wednesday's less hawkish FOMC Minutes, the US Dollar (USD) recovers slightly from an over one-week low amid prospects of a US Federal Reserve (Fed) rate hike and persistent geopolitical uncertainties. This, in turn, is seen as a key factor exerting downward pressure on the bullion, warranting caution before positioning for an extension of the recovery from a one-week low set on Wednesday.
⭐️Personal comments NOVA:
Gold recovered above 4100 - continuing to consolidate and fluctuate in the 4000-4200 price range.
⭐️SET UP GOLD PRICE
🔥SELL GOLD zone: 4178 - 4180 SL 4188
TP1: $4152
TP2: $4133
TP3: $4105
🔥BUY GOLD zone: 4056- 4054 SL 4046
TP1: $4078
TP2: $4095
TP3: $4120
⭐️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
Downtrend - remaining below 4092📈 1. Trend & Market Structure
Current Trend: Bearish Pullback within a Short-Term Downtrend
Based on the H1 chart:
Gold remains below both the EMA89 (~4,106) and EMA9 (~4,075), confirming that the short-term trend is still bearish.
Following the sharp decline from the 4,180 area, price has only staged a weak rebound and is consolidating below resistance, indicating buying momentum remains limited.
The Lower High – Lower Low structure is still intact, showing sellers remain in control.
Price is currently testing a confluence resistance formed by the EMA9, the short-term descending trendline, and the 4,090–4,095 resistance zone.
RSI has recovered to around 47, suggesting selling pressure is easing, but there is still no confirmation of a new bullish trend.
👉 Current Trend: Bearish Pullback. Selling on rallies into resistance remains the preferred strategy.
📊 2. Price Action Analysis
After finding support around 4,035, gold has staged a technical rebound toward the 4,075–4,080 area.
Price is now testing the confluence of:
EMA9
Short-term descending trendline
4,090–4,095 resistance zone
If price fails to break above 4,090–4,095, selling pressure could push gold back toward 4,035–4,040, followed by 4,000.
Conversely, if price breaks above and closes above 4,095, the rebound could extend toward 4,105–4,110, and potentially 4,125 (EMA89).
---------------------
SELL GOLD zone 4091 - 4094
SL : 4099
TP : 4080 - 4062 - 4030
---------------------
Gold prices recovered, returning to 4100.GOLDEN INFORMATION:
Gold (XAU/USD) trades with a negative bias for the fourth straight day on Thursday and remains well within striking distance of a one-week low, around the $4,020 region set the previous day. Renewed US-Iran hostilities revive inflation fears and bolster bets on a US Federal Reserve (Fed) rate increase in 2026, which continues to undermine the non-yielding yellow metal through the Asian session. Meanwhile, the US Dollar (USD) remains on the back foot in the absence of a notable hawkish shift in the FOMC Minutes, acting as a tailwind for bullion.
⭐️Personal comments NOVA:
The market recovered and returned above 4100, continuing its consolidation phase while awaiting the FOMC meeting.
⭐️SET UP GOLD PRICE
🔥SELL GOLD zone: 4123 - 4125 SL 4131
TP1: $4115
TP2: $4102
TP3: $4090
🔥SELL GOLD zone: 4166- 4168 SL 4174
TP1: $4150
TP2: $4122
TP3: $4100
⭐️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
scalping - Gold price below 4000 soon, DOWN 📈 1. Trend & Market Structure
Current Trend: Bearish Breakout Within a Medium-Term Uptrend
Based on the H1 chart:
Price has broken below the short-term descending trendline, with sellers extending the decline through the 4,080–4,090 support zone.
Gold is now trading below both the EMA9 (~4,076) and EMA89 (~4,125), confirming that short-term momentum has turned bearish.
A clear Lower High – Lower Low structure has formed following the sharp rejection from 4,135–4,140, indicating sellers remain firmly in control.
The RSI has dropped to around 22, signaling oversold conditions. While this may trigger a short-term technical rebound, it is not yet a confirmation of a trend reversal.
👉 Current Trend: Bearish. Selling on rallies toward resistance remains the preferred strategy.
📊 2. Price Action Analysis
After failing to break above the 4,095–4,100 resistance and the descending trendline, gold experienced a strong breakdown toward the 4,040 area.
Price is now testing the 4,035–4,045 support zone, a key level that could determine the next move.
If price fails to reclaim 4,075–4,095, the downtrend may extend toward 4,000, followed by 3,935–3,940.
If strong buying emerges around 4,035–4,045, gold could stage a technical rebound toward 4,075–4,095 before the next directional move is confirmed.
-------------
SELL GOLD zone 4094 - 4097
SL : 4102
TP : 4070 - 4052 - 4020
---------------
EURUSD - Price is falling according to the H1 trendline.📈 1. Trend & Market Structure
Current Trend: Bearish Pullback within a Short-Term Downtrend
Based on the H1 chart:
EUR/USD remains below the descending trendline and inside a bearish channel, confirming the short-term downtrend.
Price has rebounded from the 1.1400 area and is now testing the key resistance at 1.1425–1.1440.
EMA9 (~1.1415) is turning higher but remains below EMA89 (~1.1429), suggesting the current rebound is still technical.
The Lower High – Lower Low structure remains intact, indicating sellers still control the market.
RSI has recovered to around 48–49, showing selling pressure is easing but not enough to confirm a bullish reversal.
👉 Current Trend: Bearish Pullback. Selling near resistance remains the preferred strategy.
📍 2. Key Price Levels
🔴 Resistance
1.1425–1.1440
1.1460–1.1470
1.1490–1.1500
🔵 Support
1.1400–1.1405
1.1380
1.1360
📰 Key Economic Events for EUR/USD
The following events may significantly impact EUR/USD in the short term:
FOMC Meeting Minutes and speeches from Fed officials.
US Initial Jobless Claims and other labor market data.
US CPI/PPI inflation reports.
ECB comments regarding future interest rate policy.
US Treasury yields and the performance of the US Dollar Index (DXY).
👉 Outlook: Stronger-than-expected US data could strengthen the USD and push EUR/USD lower. Conversely, weaker US data or a more dovish Fed could trigger a breakout above the descending trendline and extend the recovery.
SLV (Silver) looks much cleaner to SHORT than GLD
Today I noticed that I missed a potential short opportunity in **Silver**.
Missing a trade is part of trading. Not every valid move will be captured, and I don't believe in chasing price after the fact.
My broader view on Silver & Gold remains unchanged. As discussed in my earlier post on Gold, I continue to lean bearish. At the moment, however, Silver appears to be showing relatively more weakness and a cleaner bearish structure than Gold.
That doesn't mean I'll automatically trade Silver. Just like every other market I follow, I still require my predefined conditions to be met before considering any position.
If a new opportunity develops over the coming hours or days, I'll evaluate both Gold and Silver independently and focus on whichever presents the cleaner structure and the stronger evidence for a bearish trade.
One lesson I continue to remind myself of is that missing a valid opportunity is far less costly than forcing an average one. Markets will always provide another opportunity, but discipline is much harder to rebuild once it's lost..
Gold price consolidates below 4190GOLDEN INFORMATION:
Gold (XAU/USD) sticks to its modest intraday gains above the $4,100 mark through the Asian session on Wednesday and, for now, seems to have snapped a two-day losing streak, reaching the weekly trough touched the previous day. The US Dollar (USD) struggles to build on a modest uptick as bulls turn cautious ahead of the release of the June FOMC meeting Minutes. This, in turn, is seen as a key factor lending some support to the bullion. The fundamental backdrop, however, warrants caution before confirming that the pullback from levels just above the $4,200 mark, or a two-week high set on Monday, has run its course.
⭐️Personal comments NOVA:
Gold prices are consolidating and trading sideways within the 4100 - 4200 price range.
⭐️SET UP GOLD PRICE
🔥SELL GOLD zone: 4187 - 4189 SL 4197
TP1: $4177
TP2: $4152
TP3: $4140
🔥BUY GOLD zone: 4096- 4094 SL 4086
TP1: $4123
TP2: $4144
TP3: $4170
⭐️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 prices continue to trade sideways around 4100.📈 1. Trend : Market Structure
Current Trend: Bearish Pullback Within a Medium-Term Uptrend
Based on the H1 chart:
Gold remains in a short-term pullback after being rejected from the 4,180–4,200 resistance zone, indicating that profit-taking pressure is still dominant.
Price continues to trade above the EMA89 (~4,124), confirming that the medium-term trend remains bullish.
The EMA9 (~4,148) has turned lower, reflecting weakening short-term bullish momentum.
The Higher High – Higher Low structure remains intact, although price is currently testing the key 4,135–4,145 support zone.
RSI has fallen to around 40, suggesting selling pressure remains in control, while the market is approaching oversold territory.
👉 Current Trend: Bearish pullback within an overall uptrend. Buying on dips into key support remains the preferred strategy.
📊 2. Price Action Analysis
Current Market Behavior
After topping near 4,200, gold has formed a series of Lower Highs and pulled back toward the confluence of the EMA89, the ascending trendline, and the 4,135–4,145 support zone.
This area is a key support that is likely to determine the next short-term direction.
If price holds above 4,135–4,145, a rebound toward 4,180–4,200 becomes increasingly likely.
If this support breaks, the decline could extend toward 4,100–4,105, followed by 4,075–4,080.
📍 Key Price Levels
🔴 Resistance
4,160–4,165
4,180–4,200
4,220
🔵 Support
4,135–4,145
4,100–4,105
4,075–4,080
---------------------
BUY GOLD zone 4103 - 4100
SL : 4095
TP : 4120 - 4138 - 4155
-----------------------
Scalping XAU ! retest supplyzone : 4147 , SELL 📈 1. Trend & Market Structure
Current Trend: Bearish Pullback Within a Medium-Term Uptrend
Based on the H1 chart:
Gold has broken below the EMA9 (~4,152) after repeatedly failing to break through the 4,190–4,200 resistance zone, signaling weakening bullish momentum.
Price remains above the EMA89 (~4,142), indicating that the medium-term uptrend is still intact.
The latest swing high failed to surpass the previous high near 4,200, while a short-term distribution pattern has emerged, suggesting increasing selling pressure.
RSI has declined to around 37, showing sellers are in control in the short term, although the market is approaching oversold territory.
👉 Current Trend: Bearish pullback within an overall uptrend. Selling on rallies toward resistance remains the preferred strategy.
📊 2. Price Action Analysis
Current Market Behavior
After being rejected from the 4,195–4,200 resistance zone, gold has continued to print Lower Highs and has broken below the 4,160–4,165 short-term support area.
Price is now testing the EMA89 (~4,142), a key support level that is likely to determine the next short-term direction.
If the EMA89 breaks, gold could extend its decline toward 4,120, followed by 4,100.
If the EMA89 holds, a technical rebound may develop before the market confirms its next directional move.
------------
SELL GOLD zone : 4147 - 4150
SL : 4155
TP : 4130 - 4116 - 4100
-------------
USDCAD: 1.4192 Retest May Trigger Further DeclineOn the H1 timeframe, USDCAD is moving within a clearly defined short-term bearish channel. The price is currently hovering around 1.4180; while it has rebounded from the support zone, it remains under pressure from the overhead bearish trendline.
The 1.4192 level is the most critical area on the chart. This zone could act as a retest point before sellers step back in. If USDCAD rallies to this area but fails to break through decisively, the price is highly likely to be pushed down toward 1.4161.
Entry Focus: Prioritize SELL positions around 1.4188–1.4192 if a rejection candle appears.
Target: 1.4161
Invalidation: The bearish scenario is invalidated if the H1 candle closes above 1.4202.
BTC is gonna take a breath for hopefully to do something BIG
My POV :
As discussed in my earlier posts on tradingview & X (Follow me to stay updated if you haven't done yet username : @happyraj6719), I am bearish on bitcoin heavily but that doesn't mean I am already jumping into this or fomoing or anything like that,
Instead I am patiently waiting for the right time to short bitcoin, In trading having biasness is one thing but actually executing a trade is whole another thing,
I have decided for myself very clearly when I will enter & when I will not, To get this such clarity one needs to spend years of learning learning learning learning PRICE ACTUALLY MOVES ...
Scalping - SELL 3985, Accumulation resistance📈 1. Trend & Market Structure
Current Trend: Bearish Continuation
Gold remains in a bearish trend after failing to break above the 3,985–3,990 resistance zone, continuing to form a series of lower highs.
Price is trading below the EMA89 (~4,017), confirming that the medium-term trend remains bearish.
The EMA9 (~3,977) remains below the EMA89 and continues to slope downward, indicating that short-term selling pressure is still dominant.
The Lower High – Lower Low structure remains intact, showing that sellers continue to control the market.
The latest rebound appears to be only a technical recovery and is not strong enough to invalidate the current bearish structure.
👉 Current Trend: Bearish. Selling on rallies toward resistance remains the preferred strategy.
📊 2. Price Action Analysis
Current Market Behavior
Following a sharp decline from the 4,040 area, gold is now consolidating around 3,965–3,975, just above a key short-term support zone.
This consolidation suggests the market is pausing after a strong sell-off. Unless buyers can push price above the 3,985–3,990 resistance zone, the probability of a downside breakout and continuation of the bearish trend remains higher.
Key Observations
🔴 Price remains below both the EMA9 and EMA89, confirming that the bearish trend is still intact.
🔴 The 3,985–3,990 zone is now the nearest resistance, where the EMA9 converges with a previous supply area.
🔴 The momentum histogram remains in negative territory, indicating that selling pressure continues to dominate despite showing signs of slowing.
🟡 RSI has recovered slightly to around 39, moving out of oversold territory but still remaining below the 50 level, suggesting sellers continue to hold the upper hand.
🔴 If price breaks below the 3,960–3,965 support zone, selling pressure could intensify, increasing the likelihood of a move back toward the previous lows.
-----------------
SELL GOLD : zone : 3983 - 3986
SL : 3991
TP : 3970 - 3952 - 3928
------------------
Continued accumulation - downward trend📈 1. Trend & Market Structure
Current Trend: Bearish with a Technical Rebound
Gold remains in a bearish trend after failing to break above the 4,030–4,040 resistance zone.
Price continues to trade below the EMA89 (~4,033), confirming that the medium-term trend remains bearish.
The EMA9 (~3,987) has crossed below the EMA89, indicating that short-term bearish momentum is strengthening.
Following the rebound from the 3,942 low, gold failed to establish a Higher High and instead formed a Lower High near 4,030, showing that sellers remain firmly in control.
The Lower High – Lower Low structure remains intact, with no confirmed signs of a bullish reversal.
👉 Current Trend: Bearish. Selling on rallies toward resistance remains the preferred strategy.
📊 2. Price Action Analysis
Current Market Behavior
After being rejected from the 4,030–4,040 resistance zone, gold turned sharply lower and is now trading around 3,980.
This suggests that buying pressure following the previous breakout was insufficient to sustain the recovery, while sellers have quickly regained control.
If price remains capped below the 4,020–4,030 resistance zone, the probability of a retest of the 3,942 low will increase significantly.
-------------------
BUY GOLD zone : 3943 - 3940
SL : 3935
TP : 3958 - 3970 - 3995
---------------------
Market consolidates below 4000 - ADP-NFGOLDEN INFORMATION:
Gold (XAU/USD) attracts fresh sellers following the previous day's good two-way price swings and slides back below the $4,000 psychological mark during the Asian session on Wednesday. This marks the third straight day of a negative move and keeps the precious metal well within striking distance of its lowest level since November 2025, touched on Tuesday. Moreover, a bullish US Dollar (USD), bolstered by uncertainty over US-Iran talks and Federal Reserve (Fed) rate hike bets, backs the case for further near-term depreciation for the bullion.
⭐️Personal comments NOVA:
Downtrend - Market continues to decline gradually on the H1 chart ahead of the ADP-NF news. Expected price level: 3905
⭐️SET UP GOLD PRICE
🔥SELL GOLD zone: 4092 - 4094 SL 4102
TP1: $4070
TP2: $4044
TP3: $4002
🔥BUY GOLD zone: 3905- 3903 SL 3895
TP1: $3928
TP2: $3950
TP3: $3977
⭐️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
Downtrend, trendline 4001📈 1. Trend & Market Structure
Current Trend: Strong Bearish
Gold has broken below the key support zone around 3,970–3,975, confirming the continuation of the bearish trend.
The EMA9 (~3,998) remains below the EMA89 (~4,049), with both moving averages sloping downward, confirming that both the short-term and medium-term trends remain firmly bearish.
Price continues to print a sequence of Lower Highs and Lower Lows, indicating that sellers remain in full control of the market.
The descending trendline from the recent high near 4,090 remains intact and continues to act as dynamic resistance.
👉 Current Trend: Bearish continuation. Selling with the trend remains the preferred strategy.
📊 2. Price Action Analysis
Current Market Behavior
After failing to break above the 4,050–4,060 resistance zone, gold sold off sharply, breaking below horizontal support and is now approaching the key demand area around 3,940–3,945.
A short-term technical pullback is likely before the market determines its next directional move.
Key Observations
🔴 Price has broken below the 3,970 support level, turning it into a new resistance zone.
🔴 Both EMA9 and EMA89 are sloping downward, confirming that bearish momentum remains strong.
🔴 RSI is hovering around 22, indicating deeply oversold conditions. While this may trigger a short-term rebound, it is not yet a confirmed trend reversal.
🔴 The momentum histogram continues to expand in negative territory, showing that selling pressure remains dominant.
🔴 Unless price breaks back above the descending trendline or the 3,995–4,000 resistance zone, the probability of a continued decline toward 3,940, and potentially 3,900–3,910, remains higher.
---------------------
SELL GOLD zone : 4000 - 4003
SL : 4008
TP : 3982 - 3960 - 3935
---------------------






















