📊 Technical Analysis
● H4 candle has closed above the descending-channel roof and the grey 3 284-3 325 supply, then retested it as support — a breakout-retest pattern that usually precedes trend acceleration.
● Price is now confined in a fresh rising wedge riding the long-term trend-line; the wedge’s 1.618 extension aligns with the next confluence at 3 435 while dynamic support rises toward 3 245.
💡 Fundamental Analysis
● Gold got a tail-wind after US ISM manufacturing fell back into contraction (48.7) as Treasury yields and the DXY slipped, while reports of renewed Chinese central-bank purchases lifted physical demand expectations.
✨ Summary
Buy 3 285-3 305; hold above 3 245 targets 3 435, stretch 3 500. Bias invalidated on a 4 h close below 3 245.
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● H4 candle has closed above the descending-channel roof and the grey 3 284-3 325 supply, then retested it as support — a breakout-retest pattern that usually precedes trend acceleration.
● Price is now confined in a fresh rising wedge riding the long-term trend-line; the wedge’s 1.618 extension aligns with the next confluence at 3 435 while dynamic support rises toward 3 245.
💡 Fundamental Analysis
● Gold got a tail-wind after US ISM manufacturing fell back into contraction (48.7) as Treasury yields and the DXY slipped, while reports of renewed Chinese central-bank purchases lifted physical demand expectations.
✨ Summary
Buy 3 285-3 305; hold above 3 245 targets 3 435, stretch 3 500. Bias invalidated on a 4 h close below 3 245.
-------------------
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📊 Technical Analysis
● Tuesday’s surge closed a second H4 candle above the old channel roof (≈3 342) and immediately printed a higher-low on that line, locking it in as fresh support.
● Momentum is carving an ascending triangle between 3 350 and the inner trend-median; its measured swing targets the upper rail / horizontal confluence at 3 435-3 440, with the long-term fib cluster at 3 500 as an extension.
💡 Fundamental Analysis
● US JOLTS vacancies fell to a 3-yr low while ECB knot hinted at only “gradual” cuts; softer yields and a weaker dollar revived COMEX inflows, underpinning bullion.
✨ Summary
Buy pull-backs 3 305-3 330; triangle break >3 350 aims 3 435, stretch 3 500. Long bias void on a 4 h close beneath 3 245.
-------------------
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90% accuracy in telegram
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Crypto signals in telegram
@DeGRAMCrypto
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
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
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.