H4 frame accumulation 2 trend lines

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✍️ NOVA hello everyone, Let's comment on gold price next week from 05/12/2025 - 05/16/2025

🔥 World situation:

Gold prices advanced over 1% on Friday, rebounding as the US Dollar (USD) softened following a two-day winning streak, pressured by declining US Treasury yields. Renewed risk-off sentiment, fueled by persistent geopolitical tensions, bolstered demand for the safe-haven metal. At the time of writing, XAU/USD is trading near $3,338.

US equity markets slipped as investors adopted a cautious stance ahead of Saturday’s high-stakes meeting between US and Chinese delegations in Switzerland. While hopes for a de-escalation in trade tensions remain elevated, uncertainty continues to dominate sentiment.

Adding to the volatility, US President Donald Trump reignited trade concerns by stating on social media, “80% Tariff on China seems right! Up to Scott B.”

🔥 Identify:

Gold prices slow down, starting to accumulate more. Trade negotiations will appear more, putting selling pressure on gold prices in the near future.

🔥 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: $3402, $3435
Support : $3282, $3203


🔥 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

Penafian

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