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!
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.