DeGRAM | GOLD reached the upper boundary of the channel

📊 Technical Analysis
● XAU/USD hit resistance at 3819 within the ascending channel, showing rejection signals and forming a possible reversal pattern.
● The setup points to a short-term pullback toward 3805 and possibly 3768, while failure to reclaim highs strengthens the bearish case.

💡 Fundamental Analysis
● Rising U.S. yields and a stronger dollar weigh on gold, as recent Fed commentary signals a cautious stance on rate cuts.

✨ Summary
Gold faces rejection at 3819 resistance, with downside risk toward 3805–3768. Bearish momentum dominates unless price reclaims the highs.

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