DeGRAM | GOLD reached the lower boundary of the channel

15 mag

📊 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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16 mag

Trade attivo

📊 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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