📊 Technical Analysis
● Third rejection of the H1 descending-channel roof (≈3 382) printed a bearish engulfing and confirmed the prior “false-break” spike; price is now back under the purple retest line that acted as supply all month.
● An intraday rising wedge has cracked; its measured leg aligns with the grey targets at 3 344 (minor support) and the 3 289 liquidity pocket near the channel’s mid-rail.
💡 Fundamental Analysis
● Firmer US 2-yr yield near 4.8 % after upbeat PPI and hawkish Fed dots lifted the DXY, while CFTC data show fresh trimming of gold longs, reducing dip-buying fire-power.
✨ Summary
Fade rallies 3 335-3 345; sustained trade <3 320 eyes 3 344 then 3 289. Bear view void on an H1 close above 3 350.
-------------------
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● Third rejection of the H1 descending-channel roof (≈3 382) printed a bearish engulfing and confirmed the prior “false-break” spike; price is now back under the purple retest line that acted as supply all month.
● An intraday rising wedge has cracked; its measured leg aligns with the grey targets at 3 344 (minor support) and the 3 289 liquidity pocket near the channel’s mid-rail.
💡 Fundamental Analysis
● Firmer US 2-yr yield near 4.8 % after upbeat PPI and hawkish Fed dots lifted the DXY, while CFTC data show fresh trimming of gold longs, reducing dip-buying fire-power.
✨ Summary
Fade rallies 3 335-3 345; sustained trade <3 320 eyes 3 344 then 3 289. Bear view void on an H1 close above 3 350.
-------------------
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Trade active
📊 Technical Analysis
● Bulls have pushed to 3 423, tagging the long-term channel cap; every prior touch of this upper rail (red arrows) was followed by a swing back to the median near 3 307.
● An intraday double-top is taking shape just under 3 435; a close below 3 366 would confirm the pattern and open the way toward the broken resistance-turned-support line around 3 225.
💡 Fundamental Analysis
● Gold faces headwinds as Fed officials flag only “one cut” for 2025 while US 2-yr yields hover near 4.8 %, lifting the DXY and capping bullion rallies.
✨ Summary
Sell 3 415-3 435; break beneath 3 366 targets 3 307 ➜ 3 225. Short bias revoked on an H4 close above 3 450.
-------------------
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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.