Or / Dollar Américain
Long

DeGRAM | GOLD in the descending channel

488
📊 Technical Analysis
● XAU/USD is trading inside a descending channel, with repeated rejections at 3,654–3,646 resistance confirming bearish control.
● Price is rotating lower toward 3,636 support, with the projection suggesting an extension to 3,621 if sellers sustain momentum.

💡 Fundamental Analysis
● Gold is pressured by firmer US yields and cautious risk sentiment ahead of CPI, while easing safe-haven flows limit upside bids.

Summary
Bearish below 3,646; targets 3,636 → 3,621. Invalidation on a close above 3,654.

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