📊 Technical Analysis
● Rebound has met triple confluence: the H4 rising-wedge apex, the red 3 300-3 350 supply, and the roof of the broader descending channel – the same zone that capped rallies on 7 & 9 May.
● Bearish divergence appears on RSI while the wedge’s base is rising toward 3 284; a 4 h close beneath it should unlock the channel mid-line/blue trend support at 3 172, then the floor near 3 100.
💡 Fundamental Analysis
● US data stay firm – weekly jobless claims held near 227 k and May flash PMIs beat consensus, keeping 2-yr yields parked just under 5 % and the dollar bid.
● World Gold Council notes a fifth straight week of ETF outflows as higher opportunity cost dents investment demand.
✨ Summary
Fade strength inside 3 300-3 350; wedge breakdown < 3 284 aims 3 172 → 3 100. Shorts invalidated on a sustained H4 close above 3 350.
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● Rebound has met triple confluence: the H4 rising-wedge apex, the red 3 300-3 350 supply, and the roof of the broader descending channel – the same zone that capped rallies on 7 & 9 May.
● Bearish divergence appears on RSI while the wedge’s base is rising toward 3 284; a 4 h close beneath it should unlock the channel mid-line/blue trend support at 3 172, then the floor near 3 100.
💡 Fundamental Analysis
● US data stay firm – weekly jobless claims held near 227 k and May flash PMIs beat consensus, keeping 2-yr yields parked just under 5 % and the dollar bid.
● World Gold Council notes a fifth straight week of ETF outflows as higher opportunity cost dents investment demand.
✨ Summary
Fade strength inside 3 300-3 350; wedge breakdown < 3 284 aims 3 172 → 3 100. Shorts invalidated on a sustained H4 close above 3 350.
-------------------
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Trade active
📊 Technical Analysis
● A third lower-high kisses the channel ceiling & inner pitchfork median, compressing price into an ascending wedge inside the 3 300-3 350 supply.
● RSI shows a failure-swing while candles reject the reclaimed black trend-line; a slip through the wedge base at 3 284 opens a measured drop toward the mid-band 3 172.
💡 Fundamental Analysis
● US core PCE stayed firm at 0.3 % m/m and FOMC speakers reiterated “higher for longer,” keeping 2-yr yields near 5 %. The costlier carry drove another week of gold-ETF outflows, limiting upside.
✨ Summary
Short 3 300-3 340; break <3 284 targets 3 172 ➜ 3 100. Invalidate on an H1 close above 3 350.
-------------------
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🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
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Disclaimer
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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.