📊 Technical Analysis
● Price twice tagged the channel base (LBs) and printed a bullish engulfing, showing demand at 3 100; RSI divergence adds reversal weight.
● A reclaim of the inner blue trend-line sets a break-retest pattern; clearing 3 200 exposes the mid-band / prior LH near 3 350.
💡 Fundamental Analysis
● US CPI eased to 0.2 % m/m and Fed funds futures pulled the first-cut odds forward to September, slipping real yields and the USD.
● China added gold for a 19-month streak in April, while Middle-East tensions revived safe-haven bids.
✨ Summary
Channel-floor double bottom + softer US data and ongoing official buying favour longs: accumulate > 3 150, objectives 3 200 → 3 350; exit on a close below 3 100.
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● Price twice tagged the channel base (LBs) and printed a bullish engulfing, showing demand at 3 100; RSI divergence adds reversal weight.
● A reclaim of the inner blue trend-line sets a break-retest pattern; clearing 3 200 exposes the mid-band / prior LH near 3 350.
💡 Fundamental Analysis
● US CPI eased to 0.2 % m/m and Fed funds futures pulled the first-cut odds forward to September, slipping real yields and the USD.
● China added gold for a 19-month streak in April, while Middle-East tensions revived safe-haven bids.
✨ Summary
Channel-floor double bottom + softer US data and ongoing official buying favour longs: accumulate > 3 150, objectives 3 200 → 3 350; exit on a close below 3 100.
-------------------
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Trade active
📊 Technical Analysis
● Price has printed a third higher low at $3 100 (green arrows) and bounced, reclaiming the inner blue trend-line—flipping the $3 150 area into support inside the broader descending channel.
● The rebound is coiling into a small bull-flag; a 4 h candle above $3 200 would confirm flag break and expose the channel’s upper rail / horizontal resistance near $3 350.
💡 Fundamental Analysis
● US weekly jobless claims hit a 7-month high and FXStreet notes gold’s monthly “momentum loss is modest as yields retreat”, keeping September Fed-cut pricing intact and pressuring the USD.
✨ Summary
Triple bottom at $3 100 + softer US data favour fresh longs: accumulate on dips above $3 150, aim for $3 200 ➜ $3 350; invalidate on a close below $3 100.
-------------------
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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
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
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.