🏆 Update for #GOLD
GOLD -> reached the $3540
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📊 Technical Analysis
● XAU/USD is trading just below the 3,540 resistance level, with price action rejecting the upper boundary of the rising channel and forming a corrective pattern.
● A breakdown below the short-term support trendline would likely expose 3,511 and extend losses toward 3,474 in the near term.
💡 Fundamental Analysis
● Dollar demand is strengthening as Fed officials continue signaling restrictive policy, while easing inflation fears reduce safe-haven bids for gold.
✨ Summary
Bearish below 3,540; targets 3,511 → 3,474. Invalidation on a close above 3,545.
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