DeGRAM | GOLD fixed above the support line

4 days ago

📊 Technical Analysis
● XAU/USD is trading within an ascending channel, holding above the 3630 support and attempting to reclaim 3656 resistance.
● A breakout above 3674 would confirm bullish momentum, opening the path toward 3700 while the lower boundary near 3630 acts as structural support.

💡 Fundamental Analysis
● Gold gains short-term support from weaker Treasury yields and cautious Fed outlook, as traders weigh inflation risks against slower global growth.

✨ Summary
XAU/USD defends 3630 support and targets 3674–3700 resistance, with momentum favoring a bullish short-term continuation.

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3 days ago

Trade closed: target reached

+280 PIPS Target Reached