DeGRAM | GOLD reached the $3300 level📊 Technical Analysis
● XAUUSD remains capped below a broken trendline retest near 3,355, while price forms a lower-high inside a descending channel.
● The repeated rejection of the 3,357.83 resistance level, coupled with failed bullish continuation, points to renewed downside toward 3,300 and 3,262.
💡 Fundamental Analysis
● A rebound in the DXY after strong US consumer sentiment and pending home sales adds pressure to gold, reaffirming real-yield strength.
● Traders are reducing long exposure ahead of upcoming NFP data and Powell’s next statement, shifting bias away from risk hedges.
✨ Summary
Short bias below 3,355. Break under 3,320 eyes 3,300 → 3,262. Key breakdown risk if lower trendline fails.
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