short-term accumulation and recovery of gold

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short-term accumulation and recovery of goldGoldOANDA:XAUUSDNova-ScalperGOLDEN INFORMATION: Gold (XAU/USD) price clings to solid gains of almost 1% on Monday as the US Dollar (USD) remains strong, while US Treasury yields decline, despite expectations that the Federal Reserve (Fed) will keep interest rates on hold in 2026. At the time of writing, XAU/USD trades at $4,530, after bouncing off daily lows of $4,418. Bullion gains as rate-cut bets grow despite firmer oil prices The conflict in the Middle East continues to push energy prices higher, boosting traders' bets on higher interest rates. Nevertheless, speculation that the conflict could be prolonged would weigh on economic growth, exerting pressure on central banks to hold or reduce interest rates to prevent a deeper economic slowdown. ⭐️Personal comments NOVA: Gold prices consolidate, market experiences short-term recovery ahead of this week's NF. ⭐️SET UP GOLD PRICE 🔥SELL GOLD zone: 4733 - 4735 SL 4740 TP1: $4710 TP2: $4677 TP3: $4640 🔥BUY GOLD zone: 4485- 4487 SL 4480 TP1: $4512 TP2: $4540 TP3: $4577 ⭐️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