Is it time for gold price to adjust? down

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⭐️GOLDEN INFORMATION:

Gold (XAU/USD) fails to extend its rebound from $3,820 and faces renewed selling pressure in Friday’s Asian session. A resilient risk appetite, despite the ongoing US government shutdown, along with a firmer US Dollar, weighs on the safe-haven metal and limits its upside.

⭐️Personal comments NOVA:

Gold prices are fluctuating quite a bit around the price range of 3800 - 3900. The context of the US government shutdown.

⭐️SET UP GOLD PRICE:

🔥SELL GOLD zone: 3914- 3916 SL 3921
TP1: $3900
TP2: $3890
TP3: $3880


🔥BUY GOLD zone: $3794-$3792 SL $3787
TP1: $3802
TP2: $3815
TP3: $3830

⭐️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

Penafian

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