Selling pressure on the trendline - FVG 4020

Jul 17

1. Trend

Short-term bias: Bearish.

Price remains below EMA9 and EMA89, confirming sellers are still in control.
The previous ascending channel has been broken to the downside, signaling a shift from consolidation to a bearish trend.
Price continues to form Lower Highs (LH) and Lower Lows (LL).
The current rebound is likely a technical pullback before the next bearish leg.
2. Key Resistance

3,995–4,000

Immediate resistance.
Previous support has turned into resistance.
A rejection here could resume the downtrend.

4,020–4,025

Major resistance.
Confluence of EMA89, previous support, and the descending trendline.
A H1 close above this zone would weaken the bearish outlook.
3. Key Support

3,970

Immediate support.
Recent swing low.
A break below this level would confirm renewed selling pressure.

3,945–3,950

Major support.
Next downside target if 3,970 is broken.

4. EMA
EMA9 remains below EMA89.
Price is trading below both moving averages.
This continues to favor the bears unless price reclaims 4,020–4,025.

5. RSI (14)
RSI is around 48, showing a mild recovery after being oversold.
Momentum has improved slightly but remains below the bullish threshold of 50.
Without a breakout above resistance, the rebound is likely to be corrective rather than the start of a new uptrend.

-----------------

SELL GOLD zone : 4020 - 4023

SL : 4028

TP : 4005 - 3977 - 3941

---------------

Jul 17

Trade active

Great , + 130 pips , sell signal 4020-4023 , amazing sell