DeGRAM | GOLD triangle volume reduction

19 Mei

📊 Technical Analysis
● A lower-high formed at $3 280 re-entered the red supply and slid back beneath the blue trend-line, converting last week’s “break-out” into a bull-trap.
● Price is compressing in a bear-flag whose base rests on $3 200; a 1 h close below it exposes the descending-channel floor/ horizontal support at $3 100.

💡 Fundamental Analysis
● FOMC minutes stressed rates may stay “restrictive for some time”, lifting 2-yr yields to 4.9 % and firming the USD, while the World Gold Council logged a 6-tonne ETF outflow on 17 May, signalling weaker investment demand.

✨ Summary
Sell rallies into 3 230-3 250; flag break targets 3 200 ➜ 3 100, risk capped above 3 280.

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20 Mei

Dagangan aktif

📊 Technical Analysis
● Gold keeps respecting the descending channel drawn from the May-7 high; every touch of the upper rail inside the 3 230-3 300 supply has been rejected, carving a sequence of lower-highs.
● Friday’s rebound stalled exactly at the blue former trend-line (now resistance) and is forming a bearish pennant above 3 200; a break of 3 200 opens an air-pocket to the channel floor near 3 100.

💡 Fundamental Analysis
● Fed governor Waller said policy easing “isn’t appropriate right now” while US services PMI hit a 12-month high, propelling 2-yr yields back toward 5 %, lifting the dollar and dimming bullion’s yield-less appeal.

✨ Summary
Fade 3 230-3 260; pennant break <3 200 targets 3 100, then 3 000. Invalidate on a close above 3 280.
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