Accumulation and price increase to 4,400 early in the week.GoldOANDA:XAUUSDNova-ScalperGOLDEN INFORMATION: Gold (XAU/USD) struggles to capitalize on modest intraday gains at the start of a new week and remains below its highest level since June 5, which it touched last Thursday. The commodity, however, sticks to a positive bias for the second straight day and currently trades just below the $4,400 mark amid mixed fundamental cues. Data released on Friday showed that US Retail Sales dropped 0.6% in July, marking the first fall in nine months and the biggest monthly decline since May last year. Adding to this, the University of Michigan's Consumer Sentiment Index dipped in August to 51 from 55.2 in the previous month. This comes on top of signs of cooling US inflation and further tempers expectations for an immediate interest rate hike by the Federal Reserve (Fed), which continues to undermine the US Dollar (USD) and lends support to the non-yielding bullion. ⭐️Personal comments NOVA: The uptrend is moving slowly along the trendline and consolidating around 4400. ⭐️SET UP GOLD PRICE 🔥SELL GOLD zone: 4446 - 4448 SL 4456 TP1: $4426 TP2: $4402 TP3: $4380 🔥BUY GOLD zone: 4366- 4364 SL 4356 TP1: $4380 TP2: $4405 TP3: $4428 ⭐️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