✍️ NOVA hello everyone, Let's comment on gold price next week from 08/03/2026 - 08/07/2026

⭐️GOLDEN INFORMATION:

Gold price tumbles nearly 1.50% on Friday as the US Dollar recovers some ground after Japanese authorities intervened in the foreign exchange markets a day ago, driving the Greenback to a 30-day low before recovering, according to the US Dollar Index (DXY). The XAU/USD trades at $4,045.
XAU/USD drops as Treasury yields, Fed dissents and inflation risks pressure Bullion
The yellow metal is poised to finish the week with losses of over 0.11%, unable to decisively crack the $4,100 milestone.  At the same time, the DXY, which tracks the performance of the buck’s value against six currencies, is down 0.05%, at 99.91, but failed to provide a tailwind for Gold prices as US Treasury yields are soaring.

⭐️Personal comments NOVA:

The market is consolidating around 4000-4100, and gold prices continue to be in a medium-term downward correction phase over a larger timeframe.

🔥 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: $4110, $4139, $4165
Support: $4022, $3995, $3960


🔥 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