Accumulating downwards along the trendline, awaiting FOMC.GoldOANDA:XAUUSDNova-ScalperGOLDEN INFORMATION: The US Consumer Price Index (CPI) report will be published later today and is expected to show a fall in the headline number amid a significant decline in gasoline prices during June. Meanwhile, the focus will be on the core CPI figures, which act as a primary gauge to track the underlying inflation trend. Furthermore, Fed Chair Kevin Warsh's inaugural semi-annual monetary policy testimony before the House Financial Services Committee will influence rate-hike bets. The outlook, in turn, will play a key role in influencing the near-term USD price dynamics and providing some meaningful impetus to the non-yielding Gold. ⭐️Personal comments NOVA: Gold prices are consolidating - a downward trend following the trendline. The market is awaiting the Fed's interest rate decision. ⭐️SET UP GOLD PRICE 🔥SELL GOLD zone: 4115 - 4117 SL 4125 TP1: $4100 TP2: $4080 TP3: $4055 🔥BUY GOLD zone: 4005- 4003 SL 3995 TP1: $4020 TP2: $4044 TP3: $4060 ⭐️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