📊 Technical Analysis
● XAUUSD broke above the descending channel and confirmed a breakout from a narrowing wedge near 3,382, signaling bullish continuation.
● The price structure now targets the 3,435 resistance, with pullbacks likely to retest the breakout zone before the next leg higher.
💡 Fundamental Analysis
● Gold is supported by renewed safe-haven demand after geopolitical tensions in the Middle East and weaker-than-expected US ISM services data, which pressured the USD.
✨ Summary
Buy above 3,382; target 3,435. Setup remains valid while holding above 3,360.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
● XAUUSD broke above the descending channel and confirmed a breakout from a narrowing wedge near 3,382, signaling bullish continuation.
● The price structure now targets the 3,435 resistance, with pullbacks likely to retest the breakout zone before the next leg higher.
💡 Fundamental Analysis
● Gold is supported by renewed safe-haven demand after geopolitical tensions in the Middle East and weaker-than-expected US ISM services data, which pressured the USD.
✨ Summary
Buy above 3,382; target 3,435. Setup remains valid while holding above 3,360.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
90% accuracy in telegram
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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.