DeGRAM | GOLD has reached the channel boundary

7 Mei

📊 Technical Analysis
● Chart shows a bullish breakout from the falling wedge into a rising channel. Support near $3,300 held firm, and price is now above the $3,360 pivot, eyeing the $3,430–$3,500 resistance zone. Oscillators on daily chart remain positive, reinforcing the upward bias.

💡 Fundamental Analysis
● Global uncertainty is fueling safe-haven demand: tensions in Ukraine, the Middle East and renewed US-China trade fears are supporting gold.
● A softer US dollar and policy uncertainty also boost bullion; analysts note continued demand keeping prices elevated above $3,000.
● Bank of America highlights that US trade-policy uncertainty will “lend support” to gold prices.

✨ Summary
Upside momentum remains strong, with key support around $3,300–$3,360. Gold’s long bias points toward ~$3,500 in the short term, underpinned by geopolitical risks and a weak dollar.

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8 Mei

Dagangan aktif

📊 Technical Analysis
● Gold twice bounced at the rising‑channel base and the charted support level $3 315, carving a contracting triangle inside the channel.
● Recovery through the purple resistance line (~$3 410) should carry price to the upper resistance level around $3 500; long bias void on a sustained break below $3 200.

💡 Fundamental Analysis
● US ISM‑services slipped to 49.8 and jobless claims hit 241 k, driving 10‑yr yields <4 % and softening the USD.
● PBoC added gold for an 18‑month streak in April, underscoring steady official demand.

✨ Summary
Channel‑base rebound plus weaker US data and persistent central‑bank buying support a short‑term long: targets $3 410 → $3 500; invalidate under $3 200.

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