Continued accumulation - gold price around 4000✍️ NOVA hello everyone, Let's comment on gold price next week from 08/03/2026 - 08/07/2026
⭐️GOLDEN INFORMATION:
Gold price tumbles nearly 1.50% on Friday as the US Dollar recovers some ground after Japanese authorities intervened in the foreign exchange markets a day ago, driving the Greenback to a 30-day low before recovering, according to the US Dollar Index (DXY). The XAU/USD trades at $4,045.
XAU/USD drops as Treasury yields, Fed dissents and inflation risks pressure Bullion
The yellow metal is poised to finish the week with losses of over 0.11%, unable to decisively crack the $4,100 milestone. At the same time, the DXY, which tracks the performance of the buck’s value against six currencies, is down 0.05%, at 99.91, but failed to provide a tailwind for Gold prices as US Treasury yields are soaring.
⭐️Personal comments NOVA:
The market is consolidating around 4000-4100, and gold prices continue to be in a medium-term downward correction phase over a larger timeframe.
🔥 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: $4110, $4139, $4165
Support: $4022, $3995, $3960
🔥 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
Sellzone
Gold price consolidates below 4100.GOLDEN INFORMATION:
Gold (XAU/USD) maintains its offered tone through the Asian session on Friday and seems vulnerable after struggling to build on a two-day-old move up above the $4,100 mark. The US Dollar (USD) regains positive traction and reverses part of the previous day's heavy losses to its lowest level since June 17. Furthermore, inflation risks stemming from volatile crude oil prices keep bets on an interest rate hike by the US Federal Reserve (Fed) firmly on the table and exert some downward pressure on the non-yielding bullion.
⭐️Personal comments NOVA:
Gold prices mostly traded sideways around 4000-4100, with the market maintaining a consolidation zone and short-term rebounds.
⭐️SET UP GOLD PRICE
🔥SELL GOLD zone: 4099 - 4101 SL 4109
TP1: $4080
TP2: $4066
TP3: $4040
🔥BUY GOLD zone: 4030- 4028 SL 4020
TP1: $4044
TP2: $4060
TP3: $4088
⭐️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
XAU: High-Probability Bearish Retest Setup After Failed BreakoutMarket Context
Price recently broke out of a multi-week descending channel, but the rally met heavy selling pressure at 4170 (D1 Resistance). This sharp rejection pushed price back below the central Pivot Point (4062–4090), shifting short-term momentum from bullish expansion into a corrective phase marked by lower highs.
Technical Reasoning
Pivot Breakdown: Losing the 4062–4090 pivot zone suggests buyers were unable to maintain control after the breakout, allowing sellers to regain momentum.
Execution Zone: Price is now retesting the 4057 Minor Resistance area. A clear bearish rejection candle on the lower timeframes would provide confirmation for a potential continuation toward the next structural support levels.
Risk Management
Waiting for a confirmed bearish close below the minor resistance retest helps reduce the risk of entering on a temporary pullback. Invalidation remains above the local rejection high, offering a more favorable risk-to-reward profile.
Educational Takeaway
This setup highlights why daily resistance often carries more weight than the breakout itself. When price fails to hold above a higher-timeframe supply zone, the first retest of a broken pivot frequently provides a higher-quality continuation opportunity than chasing the initial sell-off.
What I'm Watching Next
If price fails to reclaim the pivot area and forms another bearish rejection between 4057–4062, continuation toward 4040 becomes increasingly likely. However, a sustained move back above the pivot would weaken the bearish outlook and shift focus back toward the 4170 D1 Resistance.
This analysis reflects a market outlook based on the current chart structure and is for educational purposes only, not financial advice.
Downtrend, trendline 40721. Trend Overview
Current Trend: Short-term Bearish
Key signals:
Price has broken below the ascending trendline (pink line), confirming that the previous bullish structure has weakened.
At the same time, price remains below the descending trendline (blue line), indicating that sellers are still in control.
EMA 9 (4,064) is below EMA 89 (4,073), confirming short-term bearish momentum.
RSI (14) ≈ 31 is approaching the oversold zone, reflecting strong selling pressure while also signaling the possibility of a technical rebound.
👉 Conclusion: The H1 bias remains bearish. As long as price stays below the 4,060–4,073 resistance zone, the probability of further downside remains high.
2. Current Price Structure
H1 Structure
Lower High: around 4,094
Lower Low: around 4,044
Current Price: around 4,044
After breaking below the ascending trendline, price has continued to form Lower Highs and Lower Lows, confirming that the bearish trend remains intact.
The current price action confirms the following pattern:
Trendline Break → Failed Retest → Bearish Continuation
----------------
SELL GOLD zone : 4071 - 4074
SL : 4079
TP : 4055 - 4040 - 4022
---------------
Downtrend - selling pressure returns below 4000GOLDEN INFORMATION:
Gold (XAU/USD) attracts sellers for the second straight day on Friday and weakens further below the $4,050 level during the Asian session. Escalating US-Iran tensions remain supportive of elevated crude oil prices, fueling inflation fears and bolstering expectations of higher-for-longer US interest rates. This, in turn, helps the US Dollar (USD) to preserve its strong weekly gains to a nearly one-month high, touched on Thursday, and turns out to be a key factor undermining the non-yielding bullion.
⭐️Personal comments NOVA:
The consolidation continues – sideways movement around 4000-4200. Gold's downtrend is driven by geopolitical tensions.
⭐️SET UP GOLD PRICE
🔥SELL GOLD zone: 4087 - 4085 SL 4095
TP1: $4070
TP2: $4044
TP3: $4028
🔥BUY GOLD zone: 3962- 3960 SL 3952
TP1: $3980
TP2: $4000
TP3: $4033
⭐️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 - Selling gold around 41171. Trend Overview
Current trend: Short-term Bearish within a medium-term Bullish context
Key signals:
Price has broken below the ascending trendline (red line).
EMA 9 (4,108) has turned downward, and price is trading below the EMA 9.
RSI (14) has declined to around 34–35, indicating that bearish momentum is currently dominating.
The histogram has turned negative, suggesting that short-term selling pressure is increasing.
👉 Conclusion: The current H1 bias is tilted toward a corrective bearish move, with a high probability of extending lower toward the 4,050–4,045 support zone before a significant buying reaction appears.
2. Current Price Structure
H1 Structure
Recent High: 4,164
Lower High: 4,117
Current Price: around 4,094
After forming a peak at 4,164, price failed to hold above the 4,117 area and has broken below the short-term support structure.
This confirms the following pattern:
Trendline Break → Failed Retest → Bearish Continuation
------------------
SELL GOLD zone : 4115 - 4118
SL : 4123
TP : 4102 - 4082 - 4060
----------------
Accumulation declines following the trendline.1. Trend
Main trend: Bearish
Price continues to form Lower Highs (LH) and Lower Lows (LL).
The upper descending trendline has been tested multiple times, and each test has attracted strong selling pressure.
The current structure remains in favor of sellers as long as price stays below the descending trendline.
Conclusion: The H1 trend remains bearish, and the current upward moves are mainly pullbacks within the broader downtrend.
2. Key Trendline
Descending Trendline (upper blue line)
Connects the highs around 4,200 → 4,120 → 4,060.
This is the strongest dynamic resistance in the current structure.
Price is currently approaching this trendline around 4,030–4,036.
➡️ A rejection from this area would significantly increase the probability of another downside move.
Descending Channel
Upper boundary: Descending resistance trendline.
Lower boundary: 3,930–3,960 zone.
Price is currently trading in the upper half of the channel, which is typically a favorable area for trend-following sellers.
------------
SELL GOLD zone : 4034 - 4037
SL : 4042
TP : 4024 - 4009 - 3985
-------------
Breakout - Gold price recovers to 4080GOLDEN INFORMATION:
Gold (XAU/USD) regains positive traction following the previous day's two-way price moves, though it struggles to capitalize on the move and trades below the $4,050 level during the Asian session on Tuesday. Despite a cycle of tit-for-tat strikes between the US and Iran, US Secretary of State Marco Rubio said on Sunday that the US was still open to holding talks with Iran, keeping hopes alive for a potential diplomatic resolution to the conflict. This holds back the US Dollar (USD) bulls from placing fresh bets, which, in turn, is seen as a key factor supporting the commodity.
⭐️Personal comments NOVA:
Upward trend and recovery - as the short-term timeframe shows a breakout of the trendline. Gold price is heading towards higher resistance: 4080, 4096
⭐️SET UP GOLD PRICE
🔥SELL GOLD zone: 4080 - 4082 SL 4090
TP1: $4066
TP2: $4044
TP3: $4025
🔥SELL GOLD zone: 4096- 4098 SL 4106
TP1: $4080
TP2: $4062
TP3: $4044
⭐️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 prices consolidate and fall below 4037.1. Trend
Short-term bias: Bearish.
Gold remains below EMA89, showing the medium-term trend is still bearish.
Price has broken below the previous ascending trendline, turning it into resistance.
EMA9 is below EMA89, while price is trading beneath both EMAs.
The latest rebound appears to be a technical pullback, not a trend reversal.
➡️ The H1 structure still favors sellers.
2. Key Resistance
4,031–4,036
Immediate resistance.
Former trendline support, now acting as resistance.
Confluence of EMA9 and the broken trendline.
4,047–4,055
Major resistance zone.
Near EMA89 and recent swing highs.
A rejection here could trigger another bearish move.
3. Key Support
4,000–4,005
Immediate psychological support.
A break below could increase selling pressure.
3,985
Major support.
Previous swing low and the next downside target if bears remain in control.
4. Technical Signals
EMA9 < EMA89: Bearish momentum remains dominant.
RSI (~45): Neutral with room for further downside.
The broken ascending trendline suggests buyers are losing momentum, while rallies toward resistance may attract fresh selling.
---------------
SELL GOLD zone : 4035 - 4038
SL : 4043
TP : 4022 - 4005 - 3982
-----------------
Selling pressure on gold - downtrend line
⭐️Personal comments NOVA:
Continuing selling pressure on gold, geopolitical factors, and the DXY recovery, gold prices continue to fall back to lower levels below 3900.
⭐️SET UP GOLD PRICE
🔥BUY GOLD zone: 3942 - 3940 SL 3932
TP1: $3955
TP2: $3970
TP3: $3990
🔥BUY GOLD zone: 3908- 3906 SL 3898
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
Sideway - selling pressure below 4068GOLDEN INFORMATION:
Gold (XAU/USD) maintains its offered tone through the Asian session on Wednesday and currently trades near the previous day's swing low, around the $4,030-$4,025 region. Despite soft US Consumer Price Index (CPI) and Producer Price Index (PPI) reports, elevated crude oil prices keep the possibility of a US Federal Reserve (Fed) interest rate hike later this year firmly on the table. This offers some support to the US Dollar (USD) and drives flows away from the non-yielding bullion.
⭐️Personal comments NOVA:
CPI and PPI news may help gold prices recover in the short term; however, sideways consolidation below 4100 is still expected, with sellers accumulating and waiting for a breakout above 4000.
⭐️SET UP GOLD PRICE
🔥SELL GOLD zone: 4068 - 4070 SL 4075
TP1: $4055
TP2: $4032
TP3: $4005
🔥BUY GOLD zone: 3986- 3984 SL 3976
TP1: $4000
TP2: $4025
TP3: $4055
⭐️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 move sideways, remaining stable.GOLDEN INFORMATION:
Gold (XAU/USD) attracts some sellers after failing to find acceptance above the $4,100 mark the previous day, although it holds above the $4,000 psychological mark during the Asian session on Wednesday. Despite soft US Consumer Price Index (CPI) data, investors remain worried about energy-driven inflation as escalating US-Iran tensions and the closure of the Strait of Hormuz remains supportive of elevated crude oil prices. Furthermore, US Federal Reserve (Fed) Chair Kevin Warsh reiterated the price stability commitment in his first congressional testimony, leaving the door open for at least one rate hike by year's end. This, to a large extent, offsets modest US Dollar (USD) weakness and turns out to be a key factor exerting some pressure on the non-yielding bullion.
⭐️Personal comments NOVA:
News may have a certain impact on gold prices in the short term, however, the main trend will remain sideways consolidation, maintaining a decline below 4100.
⭐️SET UP GOLD PRICE
🔥SELL GOLD zone: 4100 - 4102 SL 4110
TP1: $4082
TP2: $4065
TP3: $4040
🔥BUY GOLD zone: 3986- 3984 SL 3976
TP1: $4000
TP2: $4025
TP3: $4055
⭐️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 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
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
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
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
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.
The downward trend continues - gold falls below 4000.GOLDEN INFORMATION:
Gold (XAU/USD) recovers slightly from its lowest level since November 2025, touched during the Asian session, albeit it sticks to a negative bias for the second straight day on Tuesday. Against the backdrop of renewed Mideast tensions, mixed signals on US-Iran talks assist the US Dollar (USD) to attract some dip-buyers and stall its recent pullback from the highest level since May 2025. Apart from this, elevated expectations for Federal Reserve (Fed) interest rate hikes lend additional support to the USD and exert some downward pressure on the bullion.
⭐️Personal comments NOVA:
Gold's downtrend - H1 continues to sweep liquidity, with each low lower than the previous one. It continues to remain below 4900.
⭐️SET UP GOLD PRICE
🔥SELL GOLD zone: 4015 - 4017 SL 4025
TP1: $4000
TP2: $3982
TP3: $3950
🔥BUY GOLD zone: 3915- 3913 SL 3905
TP1: $3933
TP2: $3955
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
XAUUSD — Sell Setup | QML Rejection + Key Level Break📍 BIAS: Bearish
📊 STRUCTURE:
Price made a strong bullish push into 4096 area,
then failed to hold. QML formed at 4081 acting as
resistance. Key level at 4072 broken to the downside
confirming bearish shift on M5.
🎯 SETUP:
Entry : 4072.00
SL : 4082.02
TP : 4032.53
RR : 1:4
⚡ CONFLUENCE:
- QML rejection at 4081
- Key level 4072 flipped to resistance
- Bearish momentum post Asian open
- Lower highs forming on M5 structure
⚠️ INVALIDATION:
Candle close above 4082 key level
VALID FOR 30 MINS ALL key Level
📌 RESULT: PENDING
Short-term trend breakout - rebound above 4100 ✍️ NOVA hello everyone, Let's comment on gold price next week from 06/29/2026 - 07/03/2026
⭐️GOLDEN INFORMATION:
Gold (XAU/USD) price recovers some ground on Friday, hitting a two-day high of $4,096 as the Greenback edges lower alongside Treasury yields after investors trimmed hawkish bets on the Federal Reserve (Fed). The XAU/USD pair trades at $4,076, up 1.24%.
XAU/USD rises as traders trim Fed hawkish bets
The yellow metal has failed to gain meaningful traction over the last few days, even though the US 10-year Treasury yield has fallen nearly 14 basis points since Wednesday, to 4.374%.eExpectations that prices would fall after the resolution of the US-Iran conflict and the reopening of the Strait of Hormuz sent Oil prices tumbling, along with US yields.
⭐️Personal comments NOVA:
Buying pressure recovered around 4100, after clearing liquidity around 3965 last week. The market is consolidating within a medium-term downtrend.
🔥 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: $4215, $4140
Support: $4039, $3965
🔥 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
Scalping XAU - resistance SELL around 4015 📈 1. Trend & Market Structure
Current Trend: Bearish but Consolidating
Gold remains below the EMA89 (~4,041), indicating that the medium-term trend is still tilted to the downside.
The EMA9 (~3,990) is moving sideways, reflecting a short-term balance following the recent sharp sell-off.
After the decline from the 4,100+ region, the market has entered a consolidation phase within a Symmetrical Triangle pattern.
A series of lower highs combined with higher lows suggests that price is compressing ahead of a potential breakout.
👉 Current Trend: Consolidation within a broader bearish trend.
📊 2. Price Action Analysis
Current Market Behavior
Price is currently trading within the following range:
🔵 Support: 3,975 – 3,980
🔴 Resistance: 4,000 – 4,010
The converging trendlines are forming a triangle pattern, signaling that a strong directional move may be approaching.
Key Observations
🔴 EMA89 remains above price and continues to act as a major dynamic resistance level.
🔴 The histogram remains in negative territory but is gradually narrowing, suggesting that bearish momentum is weakening.
🔴 RSI is hovering around 47, near neutral territory, reflecting a balance between buyers and sellers.
🔴 Price continues to face rejection near the upper boundary of the pattern, while support below remains intact.
-------------
SCALPING : SELL GOLD zone 4015 - 4018
SL : 4023
TP : 4000 - 3982 - 3960
--------------
BTC SELL MARKET 26JUNBitcoin | June 26 Market Outlook
As of June 26, Bitcoin is approaching what I consider a critical technical area. While many traders remain focused on potential long opportunities, my current market structure suggests that downside risk is becoming increasingly important.
The first key level is $60,600, where price is currently trading. A second area of interest is $63,157. If price revisits this zone, I will be looking for additional confirmation to scale into short positions based on my trading plan.
My trade management, including stop-loss and profit targets, is already marked on the chart.
In my view, this could represent the final bearish leg of the current market cycle before a larger structural shift becomes possible. As always, risk management comes first, and this scenario becomes invalid if price action proves otherwise.
This is my personal market analysis and not financial advice. Always manage your risk and trade according to your own plan.
Accumulating around 4000, gold is trending downwards.GOLDEN INFORMATION:
Gold (XAU/USD) struggles to capitalize on the previous day's modest recovery move and meets with a fresh supply during the Asian session on Friday amid the emergence of some US Dollar (USD) dip-buying. As investors look past key US inflation data, concerns about the fragile US-Iran peace agreement benefit the safe-haven Greenback. Adding to this, expectations that the US Federal Reserve (Fed) will hike interest rates this year help the USD to stall Thursday's pullback from its highest level since May 2025 and exert pressure on the bullion.
⭐️Personal comments NOVA:
The downward trend in gold and the overall selling pressure on the entire global financial market. Gold prices are consolidating around 4000 following the H2 downtrend line.
⭐️SET UP GOLD PRICE
🔥SELL GOLD zone: 4092 - 4094 SL 4102
TP1: $4070
TP2: $4044
TP3: $4002
🔥BUY GOLD zone: 3933- 3931 SL 3923
TP1: $3950
TP2: $3977
TP3: $3995
⭐️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






















