DeGRAM | GOLD exited from the triangle

yesterday

📊 Technical Analysis
● XAU/USD broke out of a prolonged consolidation wedge, surging above 3,440 and validating a bullish continuation setup.
● Price is targeting the 3,490 resistance; a breakout would open the path toward 3,540, with 3,440 now acting as a strong support floor.

💡 Fundamental Analysis
● Softer US inflation metrics and a pullback in yields are pressuring the dollar, while heightened geopolitical risks continue to fuel safe-haven demand for gold.

✨ Summary
Bullish above 3,440; targets 3,490 → 3,540. Invalidation on a close below 3,440.

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8 hours ago

Trade active

📊 Technical Analysis
● XAU/USD is consolidating above 3,466 after a sharp breakout from the descending channel, with higher lows reinforcing bullish structure.
● Price is approaching 3,500 resistance, and sustained momentum above 3,466 suggests a continuation toward 3,540 in the near term.

💡 Fundamental Analysis
● Weaker US labor market data and Fed officials signaling caution on further tightening support gold, while ongoing geopolitical risks enhance safe-haven flows.

✨ Summary
Bullish above 3,466; targets 3,500 → 3,540. Invalidation on a close below 3,440.

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Share your opinion in the comments and support the idea with a like. Thanks for your support!