Gold prices under selling pressure due to interest rates.

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Gold prices under selling pressure due to interest rates.GoldOANDA:XAUUSDNova-Scalper✍️ NOVA hello everyone, Let's comment on gold price next week from 06/15/2026 - 06/19/2026 ⭐️GOLDEN INFORMATION: Gold (XAU/USD) price consolidates above the $4,200 figure on Friday as market participants are optimistic about a potential US-Iran deal, set to be signed next week, according to newswires. Meanwhile, households in the US are becoming more optimistic about the economy. The XAU/USD pair trades at $4,216, up 0.11%. XAU/USD steadies as deal chatter offsets firmer yields Investors' mood turned optimistic amid news that the Middle East conflict could end if Washington and Tehran proceed with the signing of the Islamabad Memorandum of Understanding (MOU). There is growing speculation about a signing at the G7 meeting in Geneva, Switzerland, but the Iranian Foreign Ministry spokesperson said that Iran’s decision-making bodies are meeting on the MOU and that he cannot confirm the details of the memorandum. ⭐️Personal comments NOVA: Gold prices recovered above 4200, but are still in a downtrend and are expected to correct next week due to concerns about tighter Fed interest rates. 🔥 Technically: Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows: Resistance: $4360, $4294 Support: $4171, $4100, $4022 🔥 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 - The winner is the one who sticks with the market the longest