XAUUSD (Gold) Trading Plan – Bearish Bias

📉 Technical Outlook:
Gold remains under bearish pressure, with key downside levels at $2,930, $2,923, and $2,918.
Price is trading below key EMAs, signaling continued weakness.
RSI is showing bearish momentum, indicating further downside potential.
ATR suggests moderate volatility, supporting a potential move lower.

🔹 Key Technical Levels:
📍 Resistance: 2945 | 2955
📍 Support: 2930 | 2923 | 2918

🌍 Fundamental Factors:
Geopolitical Influence: Reports suggest Donald Trump is engaging in efforts to mediate the Russia-Ukraine conflict, which could reduce global uncertainty and weaken gold’s safe-haven appeal.
U.S. Dollar Strength: Any hawkish stance from the Federal Reserve could further pressure gold lower.
Bond Yields & Risk Sentiment: Rising U.S. Treasury yields may continue to cap gold’s upside.

⚠️ Risk Management:

Monitor geopolitical developments and central bank statements.
Adjust stops if volatility spikes due to unexpected news.

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