📊 GOLD MARKET UPDATE
Gold is losing momentum and facing downside pressure 📉
Price is approaching the $4300 support, with sellers still in control. The short-term trend remains bearish, supported by a descending trendline.
💡 Trading below EMA50 continues to act as resistance, limiting any recovery attempts.
⚠️ Momentum is weakening, increasing the chances of a breakdown below support.
📌 Outlook: Bearish bias unless price reclaims key resistance