🔹 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!