Scalping - Downward trend, sell gold at 4050

Jul 14

1. Trend
Short-term bias: Bearish.
Price trades below EMA9 and EMA89.
Lower Highs (LH) and Lower Lows (LL) confirm the downtrend.
The current rally is only a technical pullback.

2. Key Resistance
4,020–4,025

Immediate resistance.
Previous support turned resistance.

4,050–4,052

Strong resistance.
Confluence of EMA89 and the descending trendline.
Rejection here could resume the downtrend.

3. Key Support
3,995–4,000

Immediate support.

3,983

Major support.
Previous swing low.
A break below could extend the decline toward 3,950.

SELL GOLD: 4050–4053
SL: 4058
TP: 4033 → 4005 → 3982

Jul 14

Trade active

CPI bad news for USD , XAU increase 4100

Jul 15

Trade closed: target reached

Continued accumulation within the price range: 4000 - 4100