Gold Spot / U.S. Dollar
Long

DeGRAM | GOLD rebound from the support line

567
📊 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.

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