Gold prices recovered, returning to 4100.

#XAU/USD#

GOLDEN INFORMATION:

Gold (XAU/USD) trades with a negative bias for the fourth straight day on Thursday and remains well within striking distance of a one-week low, around the $4,020 region set the previous day. Renewed US-Iran hostilities revive inflation fears and bolster bets on a US Federal Reserve (Fed) rate increase in 2026, which continues to undermine the non-yielding yellow metal through the Asian session. Meanwhile, the US Dollar (USD) remains on the back foot in the absence of a notable hawkish shift in the FOMC Minutes, acting as a tailwind for bullion.

⭐️Personal comments NOVA:

The market recovered and returned above 4100, continuing its consolidation phase while awaiting the FOMC meeting.

⭐️SET UP GOLD PRICE

🔥SELL GOLD zone: 4123 - 4125 SL 4131
TP1: $4115
TP2: $4102
TP3: $4090

🔥SELL GOLD zone: 4166- 4168 SL 4174
TP1: $4150
TP2: $4122
TP3: $4100

⭐️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