Gold Spot / U.S. Dollar
Long
Updated

DeGRAM | GOLD is forming a cup with handle

498
📊 Technical Analysis
● XAUUSD rebounded from 3,333 support, reclaiming the midline of its ascending channel and aiming toward the 3,397.5 resistance.
● Price action suggests a short-term bullish leg, with minor consolidation possible before retesting the upper trendline.

💡 Fundamental Analysis
● The dollar eased as Fed officials signaled caution on further tightening, supporting gold’s appeal.

Summary
Bullish above 3,333; targets 3,397.5 → 3,435. Invalidation below 3,333.

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snapshot
📊 Technical Analysis
● XAUUSD is holding above the 3,331 support after a rebound from the ascending trendline, maintaining a bullish structure toward the 3,366 resistance.
● Price is forming higher lows within the broader channel, with a breakout above 3,366 likely opening the path to 3,404 and then 3,435.

💡 Fundamental Analysis
● Gold demand is supported by weaker US Treasury yields and renewed geopolitical tensions, increasing safe-haven flows.

Summary
Bullish above 3,331; targets 3,366 → 3,404 → 3,435. Invalidation below 3,331.

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