XAUUSD (Gold) Trading Plan

🔹 Market Sentiment: Bearish bias following a bullish correction.
🔹 Key Levels:

Resistance Zone: $2,950 – $2,960 (Ideal Sell Zone) 🚀
Support Targets: $2,913 – $2,924 (Potential Low) 📉
📊 Technical Analysis:
✔ Trend: Bearish structure forming lower highs after a corrective upswing.
✔ Indicators:

EMA (50 & 200): Price testing dynamic resistance near key EMAs.
RSI: Overbought on lower timeframes, signaling potential downside.
ATR: Increasing volatility suggests strong moves ahead.
Support & Resistance: Confluence of order blocks aligning with key Fibonacci retracement levels.
🌍 Fundamental Outlook:
📌 Dollar Strength: USD showing resilience due to hawkish Fed comments.
📌 Interest Rate Expectations: Rising US yields may pressure gold prices.
📌 Geopolitical Risks: Safe-haven demand remains a factor, but selling pressure persists.

📢 Trading Advice: Wait for bearish confirmations such as rejection wicks, bearish engulfing candles, or lower timeframe breakdowns before entering short positions.

💡 Stay disciplined & follow risk management! 🔥