黄金现货/美元
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Gold price hidden 3200, waiting for opportunity to increase

501
✍️ NOVA hello everyone, Let's comment on gold price next week from 05/19/2025 - 05/23/2025

🔥 World situation:

Gold prices dropped over 1.5% on Friday, poised to close the week with a steep loss of more than 4%, as improved risk sentiment drove investors away from safe-haven assets and toward equities and other riskier investments. At the time of writing, XAU/USD is trading around $3,187, retreating from a daily peak of $3,252.

The precious metal started the week on the back foot following reports of a significant de-escalation in the US-China trade conflict, including a mutual agreement to reduce tariffs by 115%, which triggered a sharp selloff in bullion. Despite fluctuating between $3,120 and $3,265 throughout the week, gold struggled to sustain bullish momentum, with fading buyer interest becoming increasingly evident amid stronger risk appetite and encouraging US economic data.

🔥 Identify:

Gold price is still in the accumulation phase waiting for a price decrease around 3200. Will be greatly affected by tariff news and Russia - Ukraine peace negotiations

🔥 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: $3265, $3357
Support: $3160, $3112


🔥 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

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