Accumulating around 4100 - gold trading sideways

#XAU/USD#

GOLDEN 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