DeGRAM | GOLD above the $3340 level

6月2日

📊 Technical Analysis
● H4 candle has closed above the descending-channel roof and the grey 3 284-3 325 supply, then retested it as support — a breakout-retest pattern that usually precedes trend acceleration.
● Price is now confined in a fresh rising wedge riding the long-term trend-line; the wedge’s 1.618 extension aligns with the next confluence at 3 435 while dynamic support rises toward 3 245.

💡 Fundamental Analysis
● Gold got a tail-wind after US ISM manufacturing fell back into contraction (48.7) as Treasury yields and the DXY slipped, while reports of renewed Chinese central-bank purchases lifted physical demand expectations.

✨ Summary
Buy 3 285-3 305; hold above 3 245 targets 3 435, stretch 3 500. Bias invalidated on a 4 h close below 3 245.

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

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

6月3日

交易進行

📊 Technical Analysis
● Tuesday’s surge closed a second H4 candle above the old channel roof (≈3 342) and immediately printed a higher-low on that line, locking it in as fresh support.
● Momentum is carving an ascending triangle between 3 350 and the inner trend-median; its measured swing targets the upper rail / horizontal confluence at 3 435-3 440, with the long-term fib cluster at 3 500 as an extension.

💡 Fundamental Analysis
● US JOLTS vacancies fell to a 3-yr low while ECB knot hinted at only “gradual” cuts; softer yields and a weaker dollar revived COMEX inflows, underpinning bullion.

✨ Summary
Buy pull-backs 3 305-3 330; triangle break >3 350 aims 3 435, stretch 3 500. Long bias void on a 4 h close beneath 3 245.

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

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