📊 Technical Analysis
● Twin rejections inside the 3 300-3 340 supply, exactly where the purple retest line and rising-channel ceiling intersect, have carved a lower high and completed a bearish flag.
● RSI confirms negative divergence and the candle body is back below the 3 284 pivot, favouring a slide toward the channel median at 3 172 and, if broken, the floor/September swing low near 3 100.
💡 Fundamental Analysis
● Upbeat US second-estimate GDP and stronger durable-goods orders pushed 2-yr Treasury yields above 5 %, raising gold’s carry cost, while WGC logs a sixth straight week of ETF outflows and the PBoC reportedly paused reserve buying in May.
✨ Summary
Short below 3 300; objectives 3 172 → 3 100. Invalidate on a sustained close above 3 350.
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● Twin rejections inside the 3 300-3 340 supply, exactly where the purple retest line and rising-channel ceiling intersect, have carved a lower high and completed a bearish flag.
● RSI confirms negative divergence and the candle body is back below the 3 284 pivot, favouring a slide toward the channel median at 3 172 and, if broken, the floor/September swing low near 3 100.
💡 Fundamental Analysis
● Upbeat US second-estimate GDP and stronger durable-goods orders pushed 2-yr Treasury yields above 5 %, raising gold’s carry cost, while WGC logs a sixth straight week of ETF outflows and the PBoC reportedly paused reserve buying in May.
✨ Summary
Short below 3 300; objectives 3 172 → 3 100. Invalidate on a sustained close above 3 350.
-------------------
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Trade active
📊 Technical Analysis
● Price is pinned beneath the H1 descending-channel roof after a false break; the last three candles in the 3 300-3 340 supply print lower-high wicks, turning the zone’s mid-point (≈3 315) into fresh resistance.
● The intraday rising wedge that carried the bounce from 3 240 has cracked; pattern height points to the horizontal/cloned trend support at 3 200, in line with the channel’s median.
💡 Fundamental Analysis
● Sticky US core-PCE (0.3 % m/m) plus hawkish remarks from Fed’s Daly cut September-ease odds to <45 % (CME Watch), lifting 2-yr yields back to 5 % and extending COMEX net-spec long trimming.
✨ Summary
Fade 3 300-3 320; wedge break targets 3 200 → 3 100. Short bias void on an H1 close above 3 350.
-------------------
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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.