Gold prices recover - maintaining upward trend above 4100

Wait 5 sec.

Gold prices recover - maintaining upward trend above 4100GoldOANDA:XAUUSDNova-ScalperGOLDEN INFORMATION: ING’s commodities team notes Gold and Silver have extended gains on dip-buying and geopolitical concerns in the Middle East. They highlight Gold trading above $4,000/oz and Silver near $60/oz, supported by safe-haven flows and stronger industrial metals sentiment. ING expects Gold to stay sensitive to energy markets and US monetary policy, with Silver potentially outperforming if industrial strength persists. Precious metals lifted by dip-buying "Gold and silver extended gains, supported by bargain hunting after recent weakness and investors continuing to assess geopolitical risks in the Middle East. The move came despite lingering concerns that higher energy prices could add to inflationary pressures, complicating the Federal Reserve's path towards interest rate cuts." ⭐️Personal comments NOVA: Gold prices recovered - breaking the short-term downtrend line. Buying pressure remained above 4100 and accumulated along the H1 uptrend line. ⭐️SET UP GOLD PRICE 🔥SELL GOLD zone: 4177 - 4179 SL 4187 TP1: $4160 TP2: $4142 TP3: $4125 🔥BUY GOLD zone: 4067- 4069 SL 4059 TP1: $4080 TP2: $4102 TP3: $4134 ⭐️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