DeGRAM | GOLD is moving within the support zone

📊 Technical Analysis
● XAUUSD is consolidating above the 3,310.79 key support zone after rejecting lower levels, forming a potential reversal base within the highlighted green support zone.
● A breakout above 3,374.23 resistance would confirm bullish momentum, targeting the descending channel’s upper boundary near 3,401.

💡 Fundamental Analysis
● Gold gains traction as softer US inflation data fuels Fed rate-cut bets, while increased central bank purchases support medium-term demand.

✨ Summary
Bullish above 3,310.79; targets 3,374 → 3,401. Invalidation below 3,310.79.

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

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