DeGRAM | GOLD is testing a resistance level

📊 Technical Analysis
● XAU/USD has confirmed a breakout from the descending resistance line and continues to form higher lows along the rising support line, indicating growing bullish momentum.
● The pair targets the next resistance at 4,094–4,138, with immediate support seen at 3,973, maintaining a short-term upward structure inside a rising channel.

💡 Fundamental Analysis
● Gold gains traction as investors price in a pause in Fed tightening and geopolitical risk supports safe-haven demand.

✨ Summary
● Long bias above 3,973; targets 4,094–4,138. Breakout structure and macro sentiment favor bullish continuation.

-------------------

Share your opinion in the comments and support the idea with a like. Thanks for your support!