🎯 XAU/USD SELL UPDATE 🔴
✅ TP1 HIT
✅ TP2 HIT
Another clean move from our analysis! 📉🔥
Entry: 4500–4510
TP1: 4480 ✅
TP2: 4450 ✅
Congratulations to everyone who followed the setup and managed their risk properly. 💰
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Forecast update for Gold
Gold price settles with series of consecutive losses on its recent intraday levels, attempting to look for higher low to use it as a base that might support gaining the required positive momentum for its recovery, leaning on EMA50’s support, reinforcing the chances of gaining this momentum, affected by breaching minor bearish trend line on the short-term basis, with the relative strength indicators reaching oversold levels exaggeratedly compared to the price move, to suggest begin forming positive divergence by the emergence of positive overlapping signals from them.
Xau/Usd
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Crude oil prices rose in recent intraday trading, attempting to recover part of their recent losses, supported by improving relative strength indicators after reaching deeply oversold levels, helping to generate positive signals that encouraged buying activity.
Despite this improvement, the short-term technical outlook remains bearish. A strong downward trend continues to dominate price action, while trading below the EMA50 keeps negative pressure valid and limits the chances of a sustained recovery in the near term.
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returning to the $4,500 atrea following rejection at the $4,590 resistance area. Precious metals remain weighed, as tensions between Iran and the US escalate and Israel ramps up operations in Lebanon, and with a data-busy week ahead in the US.
speaker
The US and Iran exchanged attacks earlier on Monday, and Israel extended its occupation in Lebanon, adding strain to a frail ceasefire in the region. US President Donald Trump is still due to sign the memorandum of understanding that would extend the truce, while in Iran, the speaker of the parliament vowed retaliation to “clear evidence of US non-compliance with the ceasefir
