XAUUSD (Gold) Bearish Outlook

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๐Ÿ” Technical Analysis:
๐Ÿ“‰ Trend: Gold remains under bearish pressure, with price rejecting key resistance levels.
๐Ÿ“Š Key Indicators:

EMA & Market Structure: Price trading below key EMAs signals bearish momentum.
RSI: Near overbought zone, indicating potential downside.
Support & Resistance:
Resistance: 2994 โ€“ 3005 (Sell Zone)
Support: 2973 โ€“ 2956 (Bearish Target)

Fair Value Gaps & Order Blocks: Price likely to fill imbalances before further decline.
๐ŸŒ Fundamental Analysis:
๐Ÿ’ฐ USD Strength: A strong USD, driven by hawkish Fed sentiment, weighs on gold prices.
๐Ÿ“Š Inflation & Interest Rates: Higher U.S. bond yields increase goldโ€™s opportunity cost, fueling downside.
๐ŸŒ Geopolitical Factors: Risk sentiment is stable, reducing demand for safe-haven assets.

๐ŸŽฏ Trading Strategy:
๐Ÿ”ป Sell Entry: 2994 โ€“ 3005
๐ŸŽฏ Targets: 2973, then 2956

๐Ÿ“‰ Stop-Loss: Above 3008 (confirmation above resistance)
โš ๏ธ Risk Management: Use proper lot sizing and trailing stops.

๐Ÿ’ก Conclusion: Gold is poised for a bearish move; patience is key for an optimal entry near the sell zone. ๐Ÿš€๐Ÿ“Š

Penafian

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