Gold Spot / U.S. Dollar
Long
Updated

DeGRAM | GOLD held the lower boundary of the channel

549
📊 Technical Analysis
● Price bounced from the channel floor (≈ 3 320) forming a bullish falling-wedge whose breakout target coincides with the median resistance at 3 348.
● Hidden RSI divergence and a series of higher lows inside today’s micro-range show buyers absorbing supply; reclaiming the wedge apex should accelerate toward the upper channel band near 3 375.

💡 Fundamental Analysis
● Spot-ETF inflows resumed and Fed-funds futures now price only one cut this year while real yields eased after soft US consumer-confidence data, trimming dollar bid and reviving gold demand.

Summary
Long 3 320-3 330; wedge break > 3 335 eyes 3 348 then 3 375. Bull view void on a 30 min close below 3 300.

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Trade closed: target reached
A consolidation above support led to a solid rebound and the achievement of our goal!

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