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Goldreserve

$CNGRES - China's Gold Reserve (June/2026)ECONOMICS:CNGRES June/2026 +15Tonnes source: China Customs -China’s central bank buys the dip, increasing gold reserves by 15 tonnes in June As many analysts expected, central banks used #gold’s further selloff last month to tactically increase their official #gold reserves, with the People’s Bank of China continuing to dominate the market. According to updated reserve data, China’s central bank bought 15 tonnes ofgoldlast month, its largest purchase so far this year. The purchase also marks the 20th consecutive month the PBOC has increased its official #gold reserves.
ECONOMICS:CNGRES
by Mr_J__fx
$XAU/USD - Gold's Q1 2026TVC:GOLD remains considerably Bullish until proven otherwise ! - Not only fundamentally speaking by Central Banks heavily accumulating it diversifying away from U.S Treasuries and a Weakening TVC:DXY Dollar ; to plenty current Geo-Political Risks with unknown and uncertain future scenarios, to worries of 'Sticky' Inflation and Interest Rates cuts. This is an Structural Official World-Wide Demand ! Any Pullback seen on charts, will be just another excellent providing support floor to accumulate Gold while cheaper. Leaving behind 2025 as one of its best performing years throughout history with an amazing rally ; and entering 2026 on a strong note paired with other precious metals like TVC:SILVER - TA speaking, HH's and HL's continue printing, however, concerning for the time being is a bearish wedge pattern forming , flirting with the ceiling of 2025 Uprising Channel . Bearish Wedge not yet confirmed having its measured move putting Gold's TA forecast to as low as 4.380$. Other strong supports are there to be found as tests before 4.380$ is reached. Conflicting Supports from PoC of last rally and EMA 50 aiming up and as well the prior week's Gap Break-Out which as not Filled yet. Note that for the time being, Gold has found support on Previous ATH Level + 20EMA, leaving a Liquidity Wick Zone just below, increasing the probabilities of break-out gap being filled. Aiming another Higher High creating a New All Time High; its first test of resistance is the last ATH which can print a Double Top and down it goes to break the bearish wedge pattern confluencing with major news events of United States on 22 of January ; Breaking ATH and above Uptrend Channel marked on white and Confirming it will Invalidate the Bearish Wedge Pattern. Probabilities scream for a pullback, however is worth including the Gold's fundamental momentum and anything is to be expected. NOTE THAT THIS IS NOT FINANCIAL ADVICE . PLEASE DO YOUR OWN RESEARCH BEFORE PARTAKING ON ANY TRADING ACTIVITIES BASED SOLY ON THIS IDEA
OANDA:XAUUSD
by Mr_J__fx