DeGRAM | GOLD is forming a new local ascending structure

📊 Technical Analysis
● XAU/USD is forming a rising channel, holding firm above 3,960 support after rejecting from the resistance near 4,046.
● The pattern suggests a continuation of the uptrend as long as price sustains above the channel base, with potential breakout targets toward 4,138.

💡 Fundamental Analysis
● Gold remains supported by a softer dollar and cautious market sentiment ahead of key U.S. employment data, which could further boost safe-haven demand.

✨ Summary
● Long bias above 3,960; targets 4,046–4,138. Rising structure and weaker dollar fundamentals reinforce short-term bullish momentum.

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