📊 Technical Analysis
● Five successive rebounds (green arrows) from the 4-month rising‐channel base at 3 293 keep the primary up-trend intact while turning the former wedge roof into support.
● Price is compressing inside a 4-day ascending triangle whose ceiling sits at 3 366; a break projects 1 : 1 to the March top/outer channel rail at 3 435.
💡 Fundamental Analysis
● FXStreet notes bullion ETF holdings rose for a second week as softer US PMI prices dragged 2-yr real yields back to early-July lows, trimming the dollar bid.
✨ Summary
Buy 3 345-3 355; triangle breakout >3 366 opens 3 389 then 3 435. Long bias void on an H4 close below 3 293.
-------------------
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● Five successive rebounds (green arrows) from the 4-month rising‐channel base at 3 293 keep the primary up-trend intact while turning the former wedge roof into support.
● Price is compressing inside a 4-day ascending triangle whose ceiling sits at 3 366; a break projects 1 : 1 to the March top/outer channel rail at 3 435.
💡 Fundamental Analysis
● FXStreet notes bullion ETF holdings rose for a second week as softer US PMI prices dragged 2-yr real yields back to early-July lows, trimming the dollar bid.
✨ Summary
Buy 3 345-3 355; triangle breakout >3 366 opens 3 389 then 3 435. Long bias void on an H4 close below 3 293.
-------------------
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Trade active
📊 Technical Analysis
● Price punched through the rising-channel mid-line (≈ 3 357) and the June swing roof, turning both into support; successive higher-lows from 17 Jul keep the up-sloping structure intact.
● A fresh minor flag is forming above 3 345-3 357; its measured move and the channel crest intersect at 3 450, while bearish invalidation sits at the lower trend-base 3 293.
💡 Fundamental Analysis
● FXStreet notes bullion is holding near $3 390 as the Fed’s July minutes flagged two 2025 cuts and slower GDP, capping real yields and softening the USD.
✨ Summary
Long 3 345-3 357; flag break >3 392 targets 3 435 → 3 450. Exit on an H4 close <3 293.
-------------------
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Trade closed: target reached
The goal we set has been achieved! Today, we will look at further price movements.
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🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
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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.