Gold (XAU/USD) adds to losses from the Asian session on Tuesday and falls to its lowest level in almost two weeks, around the $4,115 area in the last hour amid a bullish trend in the US Dollar (USD). Despite positive signals from peace talks between the United States and Iran, widespread skepticism remains toward a final agreement. This, coupled with the US Federal Reserve’s hawkish bias, is helping the US dollar maintain its recent strong gains to the highest level since May 2025, which continues to undermine the precious metal.
⭐️Nova’s personal comments:
Downtrend – Gold prices show a slight reaction around the 4122 level. Selling pressure continues to push gold prices below the 4100 level.
⭐️ Determine the price of gold
🔥Gold selling area: 4163 – 4165 SL 4173
TP1: $4140
TP2: $4123
TP3: $4,100
🔥Buy the Golden Zone: 4056- 4054 SL 4046
TP1: $4070
TP2: $4088
TP3: $4,110
⭐️Technical analysis: Based on the technical indicators EMA 34 and EMA89 and support resistance areas.
⭐️Note:
Note: Nova wants traders to be able to manage their capital well
– Take the number of contracts that match your capital
– Taking profit is equivalent to 4-6% of the capital account
– Stoplose equals 2-3% of the capital account
