📊 Technical Analysis
● Third touch of the channel’s upper rail near $3 330 printed a shooting-star and price is now riding back under the internal trend-pivot $3 315, restoring a sequence of lower-highs.
● Intraday support from the short-lived wedge has flipped to resistance; acceptance below the $3 284 line exposes the mid-band $3 210 and, if momentum persists, the channel floor/April pivot at $3 120.
💡 Fundamental Analysis
● US 5-yr yield hit a five-week high after Fed’s Williams said policy is “not restrictive enough yet”, while the DXY held near 105 as May jobless claims surprised on the downside. Higher real rates and a firmer dollar keep ETF outflows running.
✨ Summary
Sell rallies ≤$3 315; breakdown under $3 284 targets $3 210 then $3 120. Shorts negated on a 4 h close above $3 350.
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● Third touch of the channel’s upper rail near $3 330 printed a shooting-star and price is now riding back under the internal trend-pivot $3 315, restoring a sequence of lower-highs.
● Intraday support from the short-lived wedge has flipped to resistance; acceptance below the $3 284 line exposes the mid-band $3 210 and, if momentum persists, the channel floor/April pivot at $3 120.
💡 Fundamental Analysis
● US 5-yr yield hit a five-week high after Fed’s Williams said policy is “not restrictive enough yet”, while the DXY held near 105 as May jobless claims surprised on the downside. Higher real rates and a firmer dollar keep ETF outflows running.
✨ Summary
Sell rallies ≤$3 315; breakdown under $3 284 targets $3 210 then $3 120. Shorts negated on a 4 h close above $3 350.
-------------------
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Trade active
📊 Technical Analysis
● Fourth rejection of the descending-channel roof just above $3 330 fixed price back inside the red supply; bearish engulfing on that touch restores the pattern of lower-highs.
● The smaller rising wedge that guided the latest bounce has now cracked; the break sits beneath the $3 284 inflection, opening a vacuum to the median-band support at $3 210 and, on follow-through, the channel floor near $3 120.
💡 Fundamental Analysis
● FXStreet notes May Chicago PMI prices surged to a 2-year high while Yahoo Finance quotes Fed’s Kashkari saying “no rate cuts until inflation clearly falls,” pushing 2-yr Treasury yields above 5 % again and extending bullion ETF outflows.
✨ Summary
Fade rallies inside $3 300-3 325; sub-$3 284 breakdown targets $3 210 ➜ $3 120. Short view invalidated on 4 h close above $3 350.
-------------------
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90% accuracy in telegram
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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.