Gold price accumulates around ATH 3790
✍️ NOVA hello everyone, Let's comment on gold price next week from 09/29/2025 - 10/03/2025
⭐️GOLDEN INFORMATION:
Gold climbs as PCE data reinforces Fed easing bets, with the core index holding below 3%. Market sentiment stays upbeat despite weaker Michigan Consumer Sentiment, as inflation expectations point to gradually easing price pressures and lingering concerns over the labor market.
⭐️Personal comments NOVA:
The bulls continue to try to break through ATH and increase the price. The momentum of interest rate reduction in the next rounds in 2025
🔥 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: $3812, $3832
Support: $3727, $3697
🔥 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
source https://www.tradingview.com/chart/XAUUSD/e6vD237f-Gold-price-accumulates-around-ATH-3790/
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