📊 Technical Analysis
● Break back below the blue median line turned the $3 ,260 ‑ 3,320 supply into resistance; the rebound stalled there, forming a bearish flag.
● With price sliding underneath the flag’s base, momentum points to the channel floor/ horizontal supports at 3 200 and 3 100; short view void on a close above 3 315.
💡 Fundamental Analysis
● May US retail‑sales beat (+0.5 % m/m) and hawkish Fed remarks (“rates may stay high for some time”) lifted 10‑yr yields toward 4.50 %, firming the USD.
● World Gold Council reports the largest weekly ETF outflow since February, signalling softer investment demand.
✨ Summary
Supply‑zone rejection plus firmer USD/yields favour shorts: targets 3 200 → 3 100; exit if price reclaims 3 315.
-------------------
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● Break back below the blue median line turned the $3 ,260 ‑ 3,320 supply into resistance; the rebound stalled there, forming a bearish flag.
● With price sliding underneath the flag’s base, momentum points to the channel floor/ horizontal supports at 3 200 and 3 100; short view void on a close above 3 315.
💡 Fundamental Analysis
● May US retail‑sales beat (+0.5 % m/m) and hawkish Fed remarks (“rates may stay high for some time”) lifted 10‑yr yields toward 4.50 %, firming the USD.
● World Gold Council reports the largest weekly ETF outflow since February, signalling softer investment demand.
✨ Summary
Supply‑zone rejection plus firmer USD/yields favour shorts: targets 3 200 → 3 100; exit if price reclaims 3 315.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
Trade closed: target reached
GOLD fell a little short of its primary target, but is already showing signs of rebound. Taken +3.8%, congratulations on a successful trade!
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🔻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.