DeGRAM | GOLD moving in the range

23 Mei

📊 Technical Analysis
● Rebound has met triple confluence: the H4 rising-wedge apex, the red 3 300-3 350 supply, and the roof of the broader descending channel – the same zone that capped rallies on 7 & 9 May.
● Bearish divergence appears on RSI while the wedge’s base is rising toward 3 284; a 4 h close beneath it should unlock the channel mid-line/blue trend support at 3 172, then the floor near 3 100.

💡 Fundamental Analysis
● US data stay firm – weekly jobless claims held near 227 k and May flash PMIs beat consensus, keeping 2-yr yields parked just under 5 % and the dollar bid.
● World Gold Council notes a fifth straight week of ETF outflows as higher opportunity cost dents investment demand.

✨ Summary
Fade strength inside 3 300-3 350; wedge breakdown < 3 284 aims 3 172 → 3 100. Shorts invalidated on a sustained H4 close above 3 350.

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26 Mei

Dagangan aktif

📊 Technical Analysis
● A third lower-high kisses the channel ceiling & inner pitchfork median, compressing price into an ascending wedge inside the 3 300-3 350 supply.
● RSI shows a failure-swing while candles reject the reclaimed black trend-line; a slip through the wedge base at 3 284 opens a measured drop toward the mid-band 3 172.

💡 Fundamental Analysis
● US core PCE stayed firm at 0.3 % m/m and FOMC speakers reiterated “higher for longer,” keeping 2-yr yields near 5 %. The costlier carry drove another week of gold-ETF outflows, limiting upside.

✨ Summary
Short 3 300-3 340; break <3 284 targets 3 172 ➜ 3 100. Invalidate on an H1 close above 3 350.

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