DeGRAM | GOLD is declining in the channel

6 days ago

📊 Technical Analysis
● XAU/USD remains confined within a descending channel, forming consistent lower highs and lows, reinforcing bearish control.
● Price recently rejected the 4,140 resistance and is targeting the 3,950 support zone, confirming short-term continuation within the channel structure.

💡 Fundamental Analysis
● Gold faces pressure from a stronger USD and rising Treasury yields, as traders scale back expectations of early Fed rate cuts.

✨ Summary
● Short bias below 4,140; targets 4,000–3,950. Technical rejection and macro strength in USD sustain bearish momentum.

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5 days ago

Trade closed: target reached

Gold has reached its first target. We will consider further movement in today's analysis.