📊 Technical Analysis
● Repeated rejections at the channel mid-band (3 346) and the higher swing-highs marked by red arrows form a descending wedge inside the bigger rising channel.
● Price has slipped back under the intraday up-trend and is tracking a fresh 30 m falling channel; a close below 3 328 completes the bear setup and points to the lower channel rail / former bounce base at 3 296.
💡 Fundamental Analysis
● US retail-sales surprise (+0.5 % m/m) lifted 2-yr Treasury yields while Fed’s Daly warned “inflation progress isn’t enough”, reviving dollar demand and capping bullion.
✨ Summary
Short 3 340-3 345; sustained trade beneath 3 328 opens 3 296 → 3 255. Thesis void on a 30 m close above 3 355.
-------------------
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● Repeated rejections at the channel mid-band (3 346) and the higher swing-highs marked by red arrows form a descending wedge inside the bigger rising channel.
● Price has slipped back under the intraday up-trend and is tracking a fresh 30 m falling channel; a close below 3 328 completes the bear setup and points to the lower channel rail / former bounce base at 3 296.
💡 Fundamental Analysis
● US retail-sales surprise (+0.5 % m/m) lifted 2-yr Treasury yields while Fed’s Daly warned “inflation progress isn’t enough”, reviving dollar demand and capping bullion.
✨ Summary
Short 3 340-3 345; sustained trade beneath 3 328 opens 3 296 → 3 255. Thesis void on a 30 m close above 3 355.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
Trade closed: target reached
GOLD reached its support level shortly after publication.
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🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
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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.