📊 Technical Analysis
● The break of the July descending cap at 3 355 has held as support; price is stair-stepping along a steep intraday channel whose lower rail coincides with the 3 350 pivot.
● Momentum is pressing the 3 368–3 393 supply; clearing that band opens the March swing objective at 3 430, while pullbacks into 3 350-3 355 are buffered by the former trend-line.
💡 Fundamental Analysis
● A second straight downside surprise in US PPI cooled 2-yr yields and the DXY, restoring carry appeal for non-yielding gold.
● World Gold Council notes June central-bank net purchases rose 6 % m/m, signalling persistent official demand.
✨ Summary
Long 3 350-3 360; hold above 3 355 targets 3 393 → 3 430. Bias void on an H1 close below 3 325.
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● The break of the July descending cap at 3 355 has held as support; price is stair-stepping along a steep intraday channel whose lower rail coincides with the 3 350 pivot.
● Momentum is pressing the 3 368–3 393 supply; clearing that band opens the March swing objective at 3 430, while pullbacks into 3 350-3 355 are buffered by the former trend-line.
💡 Fundamental Analysis
● A second straight downside surprise in US PPI cooled 2-yr yields and the DXY, restoring carry appeal for non-yielding gold.
● World Gold Council notes June central-bank net purchases rose 6 % m/m, signalling persistent official demand.
✨ Summary
Long 3 350-3 360; hold above 3 355 targets 3 393 → 3 430. Bias void on an H1 close below 3 325.
-------------------
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Trade active
📊 Technical Analysis
● Bulls defended the hourly up-sloper drawn off 9 Jul lows; the rebound shattered the micro falling wedge and flipped 3 347 into fresh support.
● Price is now grinding the channel mid-line; projection of the 90-pt wedge targets the upper rail/late-May trend-cap at 3 393. Higher-lows remain intact while candles stay above 3 350.
💡 Fundamental Analysis
● CME FedWatch shows July cut odds <5 % after soft US PPI, keeping real yields muted; meanwhile SAFE data reveal China added 5 t of bullion in June, extending its buying streak to 15 months.
✨ Summary
Long 3 350-3 360; sustain above 3 355 aims 3 393. Bias void on H1 close below 3 325.
-------------------
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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.