Gold prices are still supporting price increases⭐️GOLDEN INFORMATION:
Gold (XAU/USD) inches higher in Friday’s Asian session, extending its rebound from the $3,500 level and staying close to this week’s record highs. Expectations of at least two Fed rate cuts this year, starting in September, keep the US Dollar subdued and support the safe-haven metal, while trade tensions add to its appeal. However, upbeat risk sentiment and overbought conditions could cap gains as traders await the US Nonfarm Payrolls report later today for fresh cues on Fed policy.
⭐️Personal comments NOVA:
The market is expecting continued good news for gold, rate cuts and gold hitting above 3600.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: 3600- 3598 SL 3605
TP1: $3585
TP2: $3568
TP3: $3552
🔥BUY GOLD zone: $3482-$3484 SL $3477
TP1: $3490
TP2: $3500
TP3: $3510
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️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
Xauusdlong
Gold/XAUUSD Intrday Move 04.09.2025Gold is currently trading near 3539, after retracing into yesterday’s demand zone at 3526–3531. This zone has shown strong reactions previously and continues to hold as a key level for buyers.
🔑 Key Reasoning
Demand Zone: Price is retesting 3526–3531, a strong support area where buyers previously stepped in.
Bullish Continuation Bias: The broader structure remains bullish, and as long as this zone holds, the outlook favors continuation to the upside.
Confirmation Level: A decisive close above 3542 would confirm bullish momentum and open the way for further upside.
Invalidation: A break below 3511 (recent low) would invalidate the bullish setup and shift bias to neutral/short-term bearish.
🎯 Trade Plan
Entry: Buy from 3526–3531 demand zone.
Confirmation: Add positions if price closes clearly above 3542.
Stop-Loss: Below 3511 (recent low).
Targets:
First target: 3578 (recent swing high).
👉 Summary: Bias stays bullish above 3526–31 demand zone. A clean break above 3542 strengthens the case for continuation toward 3578, with invalidation below 3511.
Gold (XAUUSD) – 4 Sep | Bullish Bias, Watching 3547–3541 POI🟡 Gold (XAUUSD) Analysis – 4 September
Market Overview
Gold printed a fresh all-time high yesterday at 3578.6 , confirming the strength of the ongoing bullish trend.
The higher-timeframe structure ( H4 ) remains firmly bullish, with a clear series of higher highs and higher lows.
On the M15 chart, price action is in a healthy pullback phase — a normal reaction after such an extended bullish impulse.
Context
This pullback is currently resting inside the M15 Point of Interest (POI) zone at 3547.6–3541.5 .
This is a high-probability area for price to stabilize, build liquidity, and potentially set up for the next bullish leg.
What We’re Watching
🔹 3547.6–3541.5 (M15 POI Zone)
If this zone holds and price confirms strength on lower timeframes (micro-ChoCH / BoS), it can offer a clean long setup toward new all-time highs.
This would keep price in alignment with the higher-timeframe bullish structure.
If the zone fails and price breaks below with strength, we will stand aside and reassess structure for fresh demand areas before looking for long opportunities again.
Execution Plan
✅ Wait patiently for confirmation before entering — no impulsive buys inside the zone.
✅ Look for a shift in lower-timeframe structure that signals strong buyer presence.
✅ Manage risk strictly (our approach: 40 pips SL, 120 pips TP for a fixed 1:3 R:R).
Bias for Today
📈 Bullish Only — until this key zone is broken with conviction, H4/M15 structure continues to favor upside continuation.
Patience and precision are key — let the market confirm its intention before committing to a position.
📘 Shared by @ChartIsMirror
Closing my Trades in [ 300 pips profits ]Thanks to those who followed, trusted me, and made profits.
As I mentioned in today’s commentary session:
• I took buy trades around 3535–3533, and I’m expecting the market to test the 3565 benchmark, with an extension towards 3575.
My strategy was to buy the dips, and I’m very happy with the profits so far – .
My first target (3565) is achieved, Alhamdulillah.
Additional Tip:
Selling against the current bullish bias isn’t advisable, but I believe the top is priced in and the market is cooling off. MA periods show balance, confirming this as a consolidation phase of the bull market.
Where can you buy gold?Hello friends
After the good growth we had, you can see that the price has formed a three drive pattern and this could indicate a price correction to the specified support areas.
Otherwise, if the price breaks the resistance level, we can buy with confirmation in the pullback, of course with capital and risk management.
*Trade safely with us*
PLAN XAUUSD SEP 03, 2025 Related Information:!!!
According to the CME Group’s FedWatch Tool, traders are pricing in over a 90% probability that the U.S. Federal Reserve will cut borrowing costs by 25 basis points at the conclusion of its two-day policy meeting on September 17. Furthermore, market participants expect the central bank to implement at least two rate cuts by the end of this year, which continues to support non-yielding Gold prices.
Meanwhile, U.S. President Donald Trump has pressured Fed Chair Jerome Powell to lower interest rates. In addition, Trump’s move to dismiss Fed Governor Lisa Cook amid allegations of mortgage fraud has raised concerns about the central bank’s ability to operate without political interference. This, combined with ongoing trade uncertainties, has propelled the XAU/USD pair to fresh record highs.
personal opinion:!!!
Gold price breaks above the 3,550 resistance, then continues its uptrend.
Important price zone to consider : !!!
Resistance zone point: 3550 zone
Gold XAUUSD Intraday Move 3.9.2025🔹 Bias: Bullish Continuation After Liquidity Sweep
Gold remains in a bullish structure overall, consolidating around 3538 after failing to clear 3547, which suggests liquidity engineering beneath current levels before continuation higher.
🔹 Key Demand Zone (3526–3531)
This zone marks prior accumulation and the origin of the last bullish impulse. A controlled dip into this area would allow liquidity sweep and re-entry of buyers, making it the critical zone to watch.
🔹 Liquidity Above 3547
Equal highs have formed near 3547, indicating liquidity resting above this level. A breakout here, once demand is respected, can provide fuel for a strong push toward the 3567 objective.
🔹 Risk Management (3515 Invalidation)
The invalidation point sits at 3515. A sustained break below this level would indicate absorption of demand and shift bias away from buyers. Until then, risk-to-reward strongly favors longs.
🔹 Trade Plan
Entry: Scale in within 3526–3531 after confirmation of order flow shift (CHOCH or strong bullish displacement).
Stop-Loss: Below 3515.
Take Profits: Partial at 3544/3547, trail stop to breakeven above 3547, final target at 3567.
👉 This breakdown balances structure, liquidity, and execution plan—giving traders both reasoning and a clear actionable path.
Gold Approaches All-Time High with Strong Bullish MomentumAnalysis:
Gold (XAU/USD) has successfully broken above the identified buy zone around $3,440 – $3,460, confirming strong bullish momentum. The recent price action shows a clear breakout supported by an upward channel formation, pushing prices toward higher resistance levels.
The breakout above the consolidation zone signals strong buyer interest.
Immediate upside target is placed at $3,550, as indicated by the projection.
The 9-period SMA ($3,467) is currently acting as dynamic support, reinforcing the bullish setup.
If the price retraces, the buy zone ($3,440 – $3,460) will serve as a strong support area for potential re-entries.
📌 Conclusion: Gold is showing a bullish continuation pattern, with momentum favoring an upside move toward $3,550. Holding above the buy zone keeps the outlook positive.
GOLD Breakout Done , Long Setup Valid To Get 200 Pips !Here is My 15 Mins Gold Chart , and here is my opinion , we finally above 3500.00 With Daily Candle ! and we have a 4H Candle closure above it And Perfect Breakout and this give us a very good confirmation , so we have a good confirmation now to can buy after the price go back to retest the broken area 3500.00 , and we can targeting 100 to 300 pips . if we have a daily closure below this area this mean this idea will not be valid anymore .
Reasons To Enter :
1- Perfect Touch For The Area .
2- Clear Bullish Price Action .
3- Bigger T.F Giving Good Bullish P.A .
4- The Price Take The Last High .
5- Perfect 15 Mins Closure .
Waiting for Gold PullbackWe’re waiting for gold to retest the broken level, giving us a buying opportunity.
The $3500 and $3475 levels look like solid spots for long entries 📈.
As always, we don’t dictate where the market should go—we just follow it:
If the levels break to the downside, we’ll simply wait for a pullback to short 📉.
One of the keys to success is moving with the market, not stubbornly relying on a few lines drawn on the chart.
✅ If the market wants to go up—great, we’re with it.
✅ If it wants to drop—that’s fine too, we’re still with it.
Levels are just tools to help us align with the market—not holy lines that must work.
Everything in trading is probabilities 🎯, and our levels work about 85% of the time.
Gold price continues to find new ATH⭐️GOLDEN INFORMATION:
Gold (XAU/USD) extends its two-week rally, surging to a fresh record high near $3,546 in Wednesday’s Asian session as expectations of a Fed rate cut and lingering trade tensions boost safe-haven demand. However, a stronger US Dollar, overbought technical conditions, and caution ahead of Friday’s US Nonfarm Payrolls (NFP) report limit further gains.
⭐️Personal comments NOVA:
gold price fomo continues to look for new ATH in September. 3600 mark becomes gold's next target
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: 3596- 3598 SL 3603
TP1: $3585
TP2: $3568
TP3: $3552
🔥BUY GOLD zone: $3484-$3486 SL $3479
TP1: $3494
TP2: $3508
TP3: $3520
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️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: Where Will The Bulls Take Us Next?Why we should buy...
(H4)
Market structure is still bullish. Last strong BOS was through 3425, which confirms continuation.
Demand Zone to watch:3428–3435
In case we get a deeper pullback, another zone to keep an eye on is 3405–3415.
(H1)
Gold closed the week strong, creating a clean FVG at 3430–3438 which aligns with H4 demand.
As long as price holds above 3428, bulls remain in control.
(M15)
Intraday structure is bullish. Price is still creating higher highs and higher lows.
Liquidity is sitting just above 3455–3460 which you could use for your first target.
There is some internal liquidity also built up below 3435. This could be a perfect sweep area for a retest entry.
Invalidation: A clean H4 close below 3420 would invalidate my bias and open further decline back into 3405–3415 area.
Gold Price At Record High: Will The Yellow Metal Hit New Highs?
The precious metals market is experiencing unprecedented excitement as gold prices soar to fresh record highs, captivating investors and analysts worldwide. With escalating trade tensions and a weakening dollar serving as primary catalysts, the yellow metal has demonstrated remarkable resilience and strength, prompting widespread speculation about whether this bullish momentum can sustain itself into the future.
The Current Gold Rush: Understanding the Record-Breaking Performance
Gold's recent surge to new all-time highs represents more than just a temporary market fluctuation; it signals a fundamental shift in global economic sentiment. The precious metal, long considered a safe-haven asset during times of uncertainty, has once again proven its worth as investors seek refuge from mounting geopolitical tensions and currency devaluation concerns.
The current rally builds upon decades of gold's historical performance as a store of value, but the velocity and magnitude of recent gains have surprised even seasoned market veterans. Trading volumes have reached extraordinary levels as both institutional and retail investors scramble to secure positions in what many perceive as an increasingly valuable hedge against economic instability.
Market dynamics have shifted dramatically as traditional investment paradigms face unprecedented challenges. The convergence of multiple economic factors has created what analysts describe as a "perfect storm" for gold appreciation, with technical indicators suggesting that the current momentum may have significant staying power.
Trade Tensions: The Geopolitical Engine Behind Gold's Ascent
Escalating trade tensions between major global economies have emerged as one of the most significant drivers of gold's recent performance. As diplomatic relationships strain and tariff wars intensify, investors are increasingly turning to gold as protection against the economic fallout from deteriorating international trade relationships.
The ripple effects of trade disputes extend far beyond immediate market reactions, creating long-term uncertainty that fundamentally alters investment strategies. Supply chain disruptions, shifting manufacturing bases, and retaliatory measures between trading partners have introduced volatility into traditional asset classes, making gold's stability increasingly attractive.
Historical precedent supports the correlation between trade tensions and gold appreciation. During previous periods of international economic conflict, gold has consistently outperformed other asset classes, serving as a reliable indicator of market stress. The current environment mirrors many characteristics of past trade disputes, but the scale and scope of contemporary tensions suggest potentially more sustained pressure on global markets.
Corporate earnings have begun reflecting the impact of trade uncertainties, with many multinational companies reporting decreased profitability due to increased operational costs and market access restrictions. This corporate stress translates directly into equity market volatility, further reinforcing gold's appeal as a portfolio diversification tool.
Dollar Weakness: Currency Dynamics Fueling Gold's Rise
The weakening dollar has provided substantial tailwinds for gold's recent rally, as the inverse relationship between the world's primary reserve currency and precious metals continues to hold true. Dollar depreciation makes gold more affordable for international buyers while simultaneously reducing the opportunity cost of holding non-yielding assets.
Federal Reserve monetary policy decisions have played a crucial role in dollar weakness, with accommodative policies designed to support economic growth having unintended consequences for currency strength. Lower interest rates reduce the attractiveness of dollar-denominated investments, prompting capital flows toward alternative stores of value like gold.
International central banks have been notable participants in this shift, with many diversifying their foreign exchange reserves away from dollars and toward gold. This institutional buying provides a substantial floor for gold prices while signaling long-term confidence in the metal's value proposition.
Currency market volatility has reached levels not seen since major financial crises, creating an environment where traditional hedging strategies prove inadequate. Gold's role as a currency hedge becomes particularly valuable during periods of extreme volatility, as it maintains purchasing power across different monetary systems.
Expert Analysis: Professional Perspectives on Gold's Future
Leading precious metals analysts remain cautiously optimistic about gold's prospects, though opinions vary regarding the sustainability of current price levels. Many experts point to fundamental supply and demand imbalances that could support higher prices over the medium to long term.
Mining industry challenges have contributed to supply constraints that may persist for years. New gold discoveries have declined significantly, while existing mines face increasing production costs due to deeper extraction requirements and stricter environmental regulations. These supply-side factors create a foundation for price appreciation independent of demand fluctuations.
Investment demand patterns have evolved substantially, with younger demographics showing increased interest in gold exposure through exchange-traded funds and digital platforms. This demographic shift suggests potential for sustained demand growth as these investors mature and accumulate wealth.
Technical analysis reveals strong chart patterns that many experts interpret as indicative of continued upward momentum. Key resistance levels have been decisively broken, and momentum indicators suggest that the current rally may have significant room to run before encountering meaningful technical obstacles.
Market Structure and Institutional Participation
The composition of gold market participants has undergone significant transformation in recent years, with institutional investors playing an increasingly prominent role. Pension funds, endowments, and sovereign wealth funds have allocated substantial resources to gold exposure, providing stability and reducing volatility compared to retail-dominated markets.
Derivatives markets have expanded dramatically, offering sophisticated investors numerous ways to gain gold exposure while managing risk. Options activity has reached record levels, with both speculative and hedging strategies contributing to increased market depth and liquidity.
Exchange-traded funds focused on gold have experienced massive inflows, representing one of the most accessible ways for investors to participate in gold's appreciation. These vehicles have democratized gold investment while providing transparency and liquidity that traditional physical ownership cannot match.
Central bank policies beyond the United States have also influenced gold markets, with European and Asian monetary authorities implementing strategies that indirectly support precious metals prices. Coordinated global monetary expansion has created conditions favorable to hard asset appreciation.
Economic Fundamentals Supporting Gold
Inflation expectations have begun rising in many developed economies, creating conditions historically favorable to gold appreciation. While inflation rates remain relatively subdued, forward-looking indicators suggest potential for significant price pressures in coming years.
Debt levels across both public and private sectors have reached unprecedented heights, raising questions about long-term fiscal sustainability. Gold serves as a hedge against potential debt crises and currency devaluations that could result from unsustainable borrowing practices.
Real interest rates, calculated as nominal rates minus inflation expectations, have turned negative in many jurisdictions. This environment reduces the opportunity cost of holding gold while making yield-bearing alternatives less attractive on an inflation-adjusted basis.
Global economic growth concerns have intensified, with many indicators suggesting potential recession risks. Historical data demonstrates gold's tendency to outperform during economic downturns, making current positioning particularly attractive for risk-averse investors.
Risks and Challenges Facing Gold's Bull Run
Despite strong fundamentals supporting higher gold prices, several factors could potentially derail the current rally. Sudden improvements in trade relationships could reduce safe-haven demand, while unexpected dollar strength might pressure gold prices lower.
Cryptocurrency adoption continues expanding, with some investors viewing digital assets as modern alternatives to traditional safe havens like gold. This technological disruption could potentially reduce gold's relevance for younger investors seeking portfolio diversification.
Central bank policy reversals remain a constant threat to gold's momentum. Should major monetary authorities shift toward more hawkish policies, resulting interest rate increases could make yield-bearing assets more attractive relative to gold.
Market positioning has become increasingly crowded, with speculative positions reaching levels that historically precede corrective pullbacks. While fundamentals remain supportive, technical factors suggest vulnerability to profit-taking activities.
Looking Ahead: Future Prospects for Gold
The convergence of multiple supportive factors suggests that gold's bull market may have significant longevity, though volatility should be expected along the way. Structural changes in global monetary systems, persistent geopolitical tensions, and evolving investor preferences all point toward sustained demand for precious metals exposure.
Long-term demographic trends favor gold appreciation, as emerging market wealth accumulation traditionally includes substantial precious metals allocations. Growing middle classes in Asia and other developing regions represent vast potential demand that could support higher prices for decades.
Environmental and social governance considerations are beginning to influence mining operations, potentially constraining future supply growth while supporting premium pricing for responsibly sourced gold. These factors add another dimension to gold's investment thesis beyond traditional monetary considerations.
The yellow metal's record-breaking performance appears to reflect genuine fundamental changes rather than speculative excess, suggesting that new highs may indeed be achievable. While short-term volatility remains inevitable, the underlying conditions supporting gold's appreciation show little sign of abating, making a compelling case for continued strength in the precious metals complex.
As global economic uncertainty persists and traditional investment paradigms face mounting challenges, gold's role as a portfolio cornerstone seems likely to expand rather than diminish, potentially driving prices to levels previously thought impossible.
XAUUSD Gold Intraday Setup 02.09.2025Gold is currently trading at 3473, after hitting new ATH around 3508, now testing into a key demand zone. Price has shown a corrective move after the recent bullish impulse and is reacting from a consolidation order block.
Key Levels:
First buy zone: 3469–3473 → aligns with immediate demand and prior accumulation.
Second buy zone (deeper retracement): 3449–3454 → lower demand zone + strong support base.
Structure & Bias:
Market structure remains bullish with higher highs and higher lows intact.
Current pullback is corrective in nature, tapping into demand zones.
Liquidity below minor lows (around 3470 and 3450) could be swept before a strong bullish continuation.
Targets:
First target: 3492 (recent high/intraday resistance).
Second target: 3508 (swing high, liquidity pool).
Trade Plan:
Look for bullish confirmation (rejection wick, engulfing, or structure shift) in the 3469–3473 zone for a buy entry.
If price breaks below decisively, next long entry should be considered from the 3449–3454 zone.
Stop-loss ideally below 3460 for the first zone, and below 3435 for the second zone.
👉 In short: Bias is bullish; buy dips into 3469–73 or 3449–54, aiming for 3492 & 3508.
Gold: False Breakout at 3500 – 3400 or 3600 Next?Gold Outlook: Historical Highs Above $3500 – Consolidation or Deeper Correction Ahead?
Gold has once again updated its all-time highs above the $3500 mark, confirming the strong bullish trend that has been dominating the market in recent months. However, immediately after this breakout attempt, we saw a corrective pullback triggered by a short-term strengthening of the U.S. dollar. This raises a key question for traders and investors: is this just a temporary pause before new highs, or the beginning of a deeper correction phase?
Macro & Fundamental Drivers
U.S. Dollar & Fed Expectations:
The probability of a September rate cut is now estimated at 90%, which remains one of the strongest supportive factors for gold. Nevertheless, temporary USD strength is weighing on the metal in the short term. Importantly, markets are increasingly focused on concerns regarding the independence of the Federal Reserve, with political pressure (particularly from Trump) casting uncertainty over the Fed’s policy path.
Geopolitical Risks:
Escalating geopolitical tensions are also adding fuel to safe-haven demand. Recent reports highlight intensified strikes by the Armed Forces of Ukraine on Russian territory, raising fears of further escalation in the Russia-Ukraine conflict. This factor continues to support defensive assets like gold, even in the face of short-term dollar strength.
Upcoming U.S. ISM Manufacturing PMI:
Today’s key macro event is the release of the ISM Manufacturing PMI. Consensus expects a modest rise to 49, which would still leave the index in the contraction zone.
If the data meets or exceeds expectations, the USD could receive temporary support, keeping gold under pressure.
If the data misses expectations and shows further weakness, it could accelerate dollar selling and act as a catalyst for gold to retest or break above historical highs.
Technical Picture
Gold’s sharp rejection above $3500 suggests that the market is not yet ready for a sustainable breakout. At the same time, the long-term bullish structure remains intact. The key levels to watch in the short term are:
Resistance: $3485, $3500, $3505
Support: $3467.6, $3441, $3423
A sustained move below $3490–3485 may open the way for a deeper correction into the 3440–3420 support zone. On the other hand, a successful defense of these levels could lead to another retest of $3500–3505, though at this stage the market does not yet show strong momentum for an immediate continuation higher.
Trading Scenarios
Bearish Case (short-term): Failure to hold above $3485 may trigger selling pressure toward 3467–3440, and possibly even 3423 in the near term.
Bullish Case (medium-term): Any dip toward the support zone could attract buyers, especially if fundamentals (weak ISM PMI / dovish Fed expectations / geopolitical tensions) align. A confirmed breakout above $3505 would signal continuation toward new record highs.
🔑 Bottom Line: Gold remains in a bullish long-term uptrend but faces short-term correction risks. Today’s ISM Manufacturing PMI release could be the decisive factor for immediate direction. Watch closely whether bulls can defend the 3485–3490 zone or whether bears push the price lower toward support levels before the next leg higher.
Gold XAUUSD Intraday Analysis 01.09.2025Structure: Gold has broken upward impulsively, forming a higher-high structure, suggesting continuation toward 3500 and possibly 3525.
The immediate support zones (3469–3472 and 3452–3455) are valid demand areas aligning with recent consolidation and order blocks.
If price retraces into 3469–3472, a bullish rejection candle or structure shift on lower timeframes (5m/15m) would validate buys.
If liquidity is swept below 3469, the deeper demand zone 3452–3455 offers a safer long entry with reduced downside risk.
Upside targets remain:
3500 (first liquidity pool / round number resistance)
3525.00 (next extension target)
Invalidation: A sustained close below 3450 would weaken the bullish setup and open room for further downside.
Buying Idea 1:
Entry: 3469–3472
Stop: Below 3460
Target 1: 3500
Target 2: 3525
Buying Idea 2 (safer but deeper):
Entry: 3452–3455
Stop: Below 3440
Target 1: 3500
Target 2: 3525
Aggressive Continuation Buy:
If gold breaks above 3490 with strong momentum and volume, consider chasing continuation toward 3500, but with tighter risk management.
3500! Gold price returns, buying power remains⭐️GOLDEN INFORMATION:
Gold (XAU/USD) regained momentum in Asian trading Monday, climbing to a fresh five-month high near $3,470 as dovish Fed expectations overshadow profit-taking. Recent U.S. inflation data strengthened bets on a September rate cut, while last week’s upbeat GDP and jobless claims reports briefly supported the Dollar, capping bullion’s gains.
⭐️Personal comments NOVA:
Bulls dominate, strong bullish momentum. Gold price waiting to return to ATH 3500
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: 3498- 3501 SL 3505
TP1: $3490
TP2: $3480
TP3: $3470
🔥BUY GOLD zone: $3446-$3444 SL $3439
TP1: $3458
TP2: $3470
TP3: $3480
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️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