📊 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.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
● 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!
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.