📊 Technical Analysis
● XAUUSD is consolidating within a narrowing wedge, holding above the 3,309–3,320 support zone while repeatedly testing the upper boundary.
● A breakout above 3,366 would confirm bullish momentum toward 3,435, with dips likely finding buyers at mid-channel support.
💡 Fundamental Analysis
● Softer US PPI data and declining Treasury yields have renewed interest in non-yielding assets like gold.
● Rising central bank gold purchases in July strengthen medium-term demand prospects.
✨ Summary
Buy above 3,366; target 3,435. Setup remains valid while holding above 3,309.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
● XAUUSD is consolidating within a narrowing wedge, holding above the 3,309–3,320 support zone while repeatedly testing the upper boundary.
● A breakout above 3,366 would confirm bullish momentum toward 3,435, with dips likely finding buyers at mid-channel support.
💡 Fundamental Analysis
● Softer US PPI data and declining Treasury yields have renewed interest in non-yielding assets like gold.
● Rising central bank gold purchases in July strengthen medium-term demand prospects.
✨ Summary
Buy above 3,366; target 3,435. Setup remains valid while holding above 3,309.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
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.
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.