DeGRAM | GOLD kept a local ascending structure

4 days ago

📊 Technical Analysis
● Gold broke above the descending resistance line and is now consolidating inside the rising channel, signaling renewed bullish momentum.
● The retest of 4206 as support aligns with higher-lows structure, increasing the probability of continuation toward 4239–4256.

💡 Fundamental Analysis
● Softening Treasury yields and renewed Fed-cut expectations keep short-term demand for gold elevated.

✨ Summary
● Bias: Long; key support 4206, targets 4239 → 4256.

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yesterday

Trade closed: target reached

The chart reached our target, then retested the $4,200 level and consolidated above it.