Downtrend - Gold price correction H1GoldOANDA:XAUUSDNova-ScalperGOLDEN INFORMATION: Gold (XAU/USD) maintains its offered tone through the Asian session on Tuesday and currently trades just below $4,050, down 0.85% for the day. This follows the previous day's failure to find acceptance above the $4,100 mark and suggests that the path of least resistance for the bullion remains to the downside. However, subdued US Dollar (USD) price action could help limit the downside as the focus remains on the crucial two-day FOMC policy meeting. Investors will look for cues about the US Federal Reserve's (Fed) future policy path, which will play a key role in driving the USD demand and providing a fresh directional impetus to the non-yielding yellow metal. ⭐️Personal comments NOVA: The market is expected to correct downwards ahead of the FOMC meeting this week - H1 chart breaks trendline, heading towards the 4000 accumulation zone. ⭐️SET UP GOLD PRICE 🔥SELL GOLD zone: 4072 - 4074 SL 4082 TP1: $4050 TP2: $4022 TP3: $4000 🔥BUY GOLD zone: 4064- 4062 SL 4054 TP1: $4080 TP2: $4102 TP3: $4133 ⭐️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