XAUUSD (Gold/USD) Daily Trading Plan – Bearish Bias
🔸 Market Sentiment: Bearish 📉
🔸 Key Levels:
Resistance Zone: $2,923 – $2,935 🔴
Support Zone: $2,888 – $2,877 🟢
🔹 Technical Outlook:
✅ Trend: Bearish momentum continues as gold remains under pressure.
✅ Indicators:
EMA: Price trading below key EMAs signals downside continuation.
RSI: Weakening, indicating selling pressure.
ATR: Increased volatility suggests potential sharp moves.
Market Structure: Lower highs and lower lows confirm bearish trend.
Order Blocks: Selling pressure evident near resistance levels.
📢 Risk Management:
Wait for confirmation (bearish rejection/wick formations at resistance).
Use proper position sizing to manage risk effectively.
🚨 Caution: Volatility expected around key data releases. Monitor price action closely!
💰 Gold moves fast – trade wisely!