XAU/USD (Gold) - Technical Analysis & Market Sentiment

XAU/USD (Gold) - Technical Analysis & Market Sentiment

📉 Bearish Bias

✅ Moving Averages (50MA & 200MA) - Price is trading below key MAs, indicating downward momentum. (+2)
✅ Breakout & Retest Setup - Price has broken key support levels, suggesting further downside. (+2)
✅ Fair Value Gap (FVG) Resistance - Price rejected at FVG, confirming selling pressure. (+1)
✅ 4HR Trendline Break - Bearish confirmation as price remains below the descending trendline. (+1)

🔻 Total Bearish Score: 6

📰 Sources:

Gold Price Forecast - XTB

Moving Averages & Price Action - IFC Markets

📈 Bullish Bias

✅ Daily Support Zone - Price holding near 2,868 - 2,864, a strong demand area. (+2)
✅ Oversold Conditions - RSI approaching oversold, signaling possible reversal. (+1)
✅ Gold as a Safe Haven - Economic uncertainty may drive demand for gold. (+1)

🔹 Total Bullish Score: 4

📰 Sources:
RSI Oversold - RoboForex
Global Market Risk & Gold Demand - Bloomberg

📊 Sentiment & Market Factors

📉 Stronger USD (- Bearish) - Rising U.S. yields & Fed stance strengthening the dollar. Source
📈 Geopolitical Tensions (+ Bullish) - Risk-off sentiment could support gold. Source
📉 Gold ETF Outflows (- Bearish) - Investors reducing gold holdings signals weakness. Source

📌 Final Bias: Strong Bearish (Score: 6 vs 4)