📊 Technical Analysis
● A double rejection at 3 358—confluence of the May-July descending trend-line and the long-term channel roof—has carved successive lower highs; the break of the inner up-trend (circled) shifts structure bearish.
● Price is now slipping out of a contracting pennant; sustained trade beneath 3 246 (pattern base / April pivot) exposes the mid-channel magnet at 3 202, with the outer rail projecting 3 121.
💡 Fundamental Analysis
● Surprise rise in NY Fed 1-yr inflation expectations and Daly’s “no urgency to cut” remarks lifted 2-yr real yields and the DXY, while ETFs saw a fifth straight day of outflows, signalling fading bullion demand.
✨ Summary
Sell 3 300–3 320; break below 3 246 targets 3 202 → 3 121. Short view void on a 4 h close above 3 358.
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● A double rejection at 3 358—confluence of the May-July descending trend-line and the long-term channel roof—has carved successive lower highs; the break of the inner up-trend (circled) shifts structure bearish.
● Price is now slipping out of a contracting pennant; sustained trade beneath 3 246 (pattern base / April pivot) exposes the mid-channel magnet at 3 202, with the outer rail projecting 3 121.
💡 Fundamental Analysis
● Surprise rise in NY Fed 1-yr inflation expectations and Daly’s “no urgency to cut” remarks lifted 2-yr real yields and the DXY, while ETFs saw a fifth straight day of outflows, signalling fading bullion demand.
✨ Summary
Sell 3 300–3 320; break below 3 246 targets 3 202 → 3 121. Short view void on a 4 h close above 3 358.
-------------------
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Trade active
📊 Technical Analysis
● Price keeps printing lower-highs beneath the May-July bear-trend; repeated failures to reclaim the grey channel median (3 330) form a descending wedge that is already bleeding through its 3 312 base.
● An H4 close below the 3 300 confluence (wedge floor + micro shelf) completes a corrective flag and exposes the April pivot 3 248, with the 50 % channel line at 3 202 the next magnet.
💡 Fundamental Analysis
● Sticky US core-CPI expectations and fresh “higher-for-longer” rhetoric from Fed officials keep 2-yr real yields near three-month highs, while WGC data show another week of gold-ETF outflows—both eroding bullion demand.
✨ Summary
Short 3 320-3 335; sustained trade under 3 300 targets 3 248 → 3 202. Thesis void on a 4 h close above 3 355.
-------------------
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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.