āļø NOVA hello everyone, Let’s comment on gold price next week from 04/13/2026 – 04/17/2026
āļøGOLDEN INFORMATION:
Gold (XAU/USD) price remains steady on Friday, poised to finish the week with gains of almost 2% as the US Dollar tumbles amid optimism about Iran-US talks in Pakistan throughout the weekend. Also, a mildly high US inflation report trimmed the Federal Reserve’s (Fed) dovish bets for 2026. The XAU/USD pair trades at $4,763, up 0.01%.
Gold’s faith in US-Iran talks
An improvement in risk appetite pushed bullion prices higher, even though Israel’s attacks on Lebanon continued, threatening to end the two-week ceasefire agreed by the US and Iran. On the other hand, Tehran has also failed to open the Strait of Hormuz, which US President Donald Trump qualified as “dishonorable, some would say, of allowing Oil to go through the Strait of Hormuz. That is not the agreement we have!”
āļøPersonal comments NOVA:
Gold prices mostly continued to trade sideways, below 5000. The market remained under selling pressure as the dollar recovered.
š„ 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: $4802, $4872, $4911
Support: $4552, $4335
š„ 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