📊 Technical Analysis
● Price reclaimed the grey 3 305-3 330 supply and is now basing on the purple trend-line, turning a former cap into demand and keeping the sequence of higher-lows inside the 2-month rising channel.
● An H16 bullish engulfing fixed above the old channel roof (≈3 342) and completes an ascending triangle whose 1.618 swing points to the 3 435 confluence zone; a break of that ceiling would expose the fib / outer rail cluster near 3 500.
💡 Fundamental Analysis
● World Gold Council reports May was the strongest month of net central-bank buying since January, offsetting ETF outflows, while weaker US ADP hiring trimmed yields and cooled the dollar, supporting bullion.
✨ Summary
Buy 3 305-3 330; triangle break >3 350 targets 3 435, stretch 3 500. Long view void on a 16 h close <3 245.
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● Price reclaimed the grey 3 305-3 330 supply and is now basing on the purple trend-line, turning a former cap into demand and keeping the sequence of higher-lows inside the 2-month rising channel.
● An H16 bullish engulfing fixed above the old channel roof (≈3 342) and completes an ascending triangle whose 1.618 swing points to the 3 435 confluence zone; a break of that ceiling would expose the fib / outer rail cluster near 3 500.
💡 Fundamental Analysis
● World Gold Council reports May was the strongest month of net central-bank buying since January, offsetting ETF outflows, while weaker US ADP hiring trimmed yields and cooled the dollar, supporting bullion.
✨ Summary
Buy 3 305-3 330; triangle break >3 350 targets 3 435, stretch 3 500. Long view void on a 16 h close <3 245.
-------------------
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📊 Technical Analysis
● Price has closed two 4-h candles above the old channel roof and the 3 305-3 340 supply, then retested 3 330 as support—confirming a breakout–retest and resetting higher-lows.
● Inside the blue box an inverse H&S has formed; its 1.618 projection (≈ +85 $) and the rising resistance line intersect at 3 435, while the pattern’s invalidation now trails at the neckline/3 330.
💡 Fundamental Analysis
● US Q1 unit-labour costs were revised down to 1.8 % (prev 3.2 %), trimming real-yield pressure, while the PBoC reported a 10-ton May purchase—18th monthly addition—highlighting persistent official demand even as ETFs stagnate.
✨ Summary
Buy 3 305-3 330; hold >3 330 looks for 3 435, stretch 3 500. Long view void on a 4 h close below 3 245.
-------------------
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🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
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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.