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✔️ Define the HTF bias first
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AUDUSD looking good for sell wait for pullback ✅
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XAUUSD SELL All TP Done 🎉
Entry: 4305 - 4308
TP1: 4290 ✅
TP2: 4280 ✅
TP3: 4265 ✅
SL: 4318
Analysis:
Gold was rejected from a key supply zone near 4330 and has formed a bearish market structure on M30. Price is currently trading below resistance and showing signs of seller control. A move below 4300 could open the way toward 4290 and lower.
Gold Receives Some Support
Gold rose in recent intraday trading after finding support at its EMA50, which provided an important technical base and helped the price regain some positive momentum while recovering part of yesterday’s losses.
The technical outlook remains under pressure as the main short-term bearish trend continues to dominate. Additional downside risks persist due to negative signals from relative strength indicators after forming a bearish divergence, which may limit further gains and keep the possibility of renewed selling pressure in the near term.
Crude Oil remains under pressure in recent intraday trading, with the dominant short-term bearish trend continuing to weigh on price action and limiting the prospects for a sustained recovery.
The price is still trading below its EMA50, which continues to act as dynamic resistance against upward attempts. Meanwhile, relative strength indicators have resumed generating negative signals after unwinding previous overbought conditions, reinforcing the likelihood of continued downside pressure and additional losses in the near term.