🔍 Technical Analysis:
📉 Trend: Gold remains under bearish pressure, with price rejecting key resistance levels.
📊 Key Indicators:
EMA & Market Structure: Price trading below key EMAs signals bearish momentum.
RSI: Near overbought zone, indicating potential downside.
Support & Resistance:
Resistance: 2994 – 3005 (Sell Zone)
Support: 2973 – 2956 (Bearish Target)
Fair Value Gaps & Order Blocks: Price likely to fill imbalances before further decline.
🌍 Fundamental Analysis:
💰 USD Strength: A strong USD, driven by hawkish Fed sentiment, weighs on gold prices.
📊 Inflation & Interest Rates: Higher U.S. bond yields increase gold’s opportunity cost, fueling downside.
🌍 Geopolitical Factors: Risk sentiment is stable, reducing demand for safe-haven assets.
🎯 Trading Strategy:
🔻 Sell Entry: 2994 – 3005
🎯 Targets: 2973, then 2956
📉 Stop-Loss: Above 3008 (confirmation above resistance)
⚠️ Risk Management: Use proper lot sizing and trailing stops.
💡 Conclusion: Gold is poised for a bearish move; patience is key for an optimal entry near the sell zone. 🚀📊
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.