📊 Technical Analysis
● XAUUSD bounced off the rising channel base at 3,280 and reclaimed the mid-range of the 3,294–3,435 consolidation zone, carving out a higher low pattern.
● The price is compressing into the descending resistance, with a break above 3,400 confirming upside extension toward 3,435 and 3,500.
💡 Fundamental Analysis
● Gold demand stays firm as investors hedge against US fiscal concerns after Fitch’s downgrade, while real yields ease on softer employment revisions.
✨ Summary
Buy above 3,310; break >3,400 targets 3,435 → 3,500. Setup invalid below 3,280.
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● XAUUSD bounced off the rising channel base at 3,280 and reclaimed the mid-range of the 3,294–3,435 consolidation zone, carving out a higher low pattern.
● The price is compressing into the descending resistance, with a break above 3,400 confirming upside extension toward 3,435 and 3,500.
💡 Fundamental Analysis
● Gold demand stays firm as investors hedge against US fiscal concerns after Fitch’s downgrade, while real yields ease on softer employment revisions.
✨ Summary
Buy above 3,310; break >3,400 targets 3,435 → 3,500. Setup invalid below 3,280.
-------------------
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📊 Technical Analysis
● XAUUSD rebounded off key support at 3,294, forming a series of higher lows within a rising channel and retesting the neckline of a cup & handle formation.
● A confirmed breakout above 3,400 activates the bullish target at 3,435, with an extended move possible toward 3,487 channel resistance.
💡 Fundamental Analysis
● Dollar remains under pressure amid weak U.S. wage growth and rising global recession concerns, which support safe-haven flows into gold.
✨ Summary
Buy above 3,310; breakout >3,400 targets 3,435 → 3,487. Invalidate below 3,294.
-------------------
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Crypto signals in telegram
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🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
90% accuracy in telegram
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.