📊 Technical Analysis
● Price is back at the channel’s mid-band after two “false-break” spikes off the floor; every triangle that resolved upward inside 3 300-3 350 has been faded, preserving the series of lower-highs.
● Today’s run tags the slanted supply (3 330-3 350) while 1-h candles print bearish wicks and RSI stalls below its May peak – a momentum squeeze that usually precedes rotation to 3 284 support, then 3 210/3 120 at the base.
💡 Fundamental Analysis
● US durable-goods orders beat and Fed minutes repeated “higher for longer”, pushing 2-yr yields above 4.95 % and reviving ETF outflows (WGC), both headwinds for non-yielding gold.
✨ Summary
Sell 3 300-3 340; first targets 3 284 ➜ 3 210, stretch 3 120. Invalidate on hourly close above 3 350.
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● Price is back at the channel’s mid-band after two “false-break” spikes off the floor; every triangle that resolved upward inside 3 300-3 350 has been faded, preserving the series of lower-highs.
● Today’s run tags the slanted supply (3 330-3 350) while 1-h candles print bearish wicks and RSI stalls below its May peak – a momentum squeeze that usually precedes rotation to 3 284 support, then 3 210/3 120 at the base.
💡 Fundamental Analysis
● US durable-goods orders beat and Fed minutes repeated “higher for longer”, pushing 2-yr yields above 4.95 % and reviving ETF outflows (WGC), both headwinds for non-yielding gold.
✨ Summary
Sell 3 300-3 340; first targets 3 284 ➜ 3 210, stretch 3 120. Invalidate on hourly close above 3 350.
-------------------
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Trade active
📊 Technical Analysis
● Price has re-entered the red 3 300-3 350 supply where the upper rail of the H1 descending channel and a broken blue up-trend converge, producing consecutive long-wick rejections.
● Bearish pennant is forming beneath 3 330; a break of 3 284 (mid-band) exposes the channel floor / horizontal clusters at 3 200 and 3 100.
💡 Fundamental Analysis
● US May flash PMIs and durable-goods orders beat forecasts while Fed officials warned rates may stay restrictive, lifting 2-yr yields toward 5 %.
● World Gold Council reports another week of ETF outflows as stronger USD funding costs bite.
✨ Summary
Fade rallies into 3 300-3 330; targets 3 284 ➜ 3 200, stretch 3 100. Short thesis void on an hour close above 3 350.
-------------------
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Trade closed: target reached
Took +0.9% on support retest. Further forecast will be in the profile today.
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🔻FREE Telegram channel🔻
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Crypto signals in telegram
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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.