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Breaking the big frame, gold price returns to accumulation

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✍️ NOVA hello everyone, Let's comment on gold price next week from 06/09/2025 - 06/13/2025

🔥 World situation:

Gold prices declined for a second straight session on Friday, yet remain on track to close the week with a gain of over 1.30%, as traders recalibrate expectations for Federal Reserve policy easing following a stronger-than-expected U.S. Nonfarm Payrolls report. At the time of writing, XAU/USD is trading at $3,322, marking a 0.84% daily decline.

The U.S. Bureau of Labor Statistics (BLS) reported that the labor market continues to show resilience, with the unemployment rate holding steady from April. Meanwhile, Wall Street staged a modest rebound from Thursday’s losses, despite political tensions flaring between President Donald Trump and Tesla CEO Elon Musk, following the House's approval of a bill to raise the U.S. debt ceiling.

🔥 Identify:

Gold prices reacted lower after the release of good May employment data. Breaking the H4 uptrend line, gold prices continued to accumulate.

🔥 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: $3348, $3400
Support: $3251, $3202


🔥 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

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