📊 Technical Analysis
● XAU/USD has established a clear up-trend after rebounding from the $4,046 support and breaking above the descending resistance line; the new rising channel from early November signals buyers are in control.
● The price is now approaching the $4,138 resistance zone. A pullback to the channel’s support near ~$4,080 could offer a low-risk entry before extension toward next resistance near $4,377.
💡 Fundamental Analysis
● Gold is benefiting from softening U.S. inflation expectations and subdued Treasury yields, which weaken the dollar and enhance the appeal of safe-haven assets.
✨ Summary
Support around $4,046, target $4,377. Uptrend intact, breakout confirmed, favourable fundamentals support continuation.
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● XAU/USD has established a clear up-trend after rebounding from the $4,046 support and breaking above the descending resistance line; the new rising channel from early November signals buyers are in control.
● The price is now approaching the $4,138 resistance zone. A pullback to the channel’s support near ~$4,080 could offer a low-risk entry before extension toward next resistance near $4,377.
💡 Fundamental Analysis
● Gold is benefiting from softening U.S. inflation expectations and subdued Treasury yields, which weaken the dollar and enhance the appeal of safe-haven assets.
✨ Summary
Support around $4,046, target $4,377. Uptrend intact, breakout confirmed, favourable fundamentals support continuation.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
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Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.