Gold Bearish in the Short Term

Jul 14

📊 Market Overview:

Gold (XAU/USD) is currently trading around 4,015 USD/oz after rebounding slightly from the recent low of 3,986 USD/oz. However, buying interest remains cautious as investors await the U.S. CPI inflation data and further signals from the Federal Reserve regarding its interest rate path. A stronger U.S. dollar and elevated Treasury yields continue to weigh on gold, while safe-haven demand driven by geopolitical risks has only limited the downside.

📉 Technical Analysis:

• Key Resistance:

4,020 – 4,025 USD
4,038 – 4,045 USD

• Nearest Support:

4,000 – 4,005 USD
3,985 – 3,990 USD

• EMA:
Price remains below the EMA 09, indicating that the short-term trend is still bearish despite the technical rebound.

• Candlestick / Volume / Momentum:

Small-bodied candles have appeared after the sharp decline, suggesting selling pressure has eased, but buyers are still not strong enough to reverse the trend.
Trading volume has declined during the rebound, indicating the move is mainly driven by profit-taking rather than fresh buying.
Short-term momentum is improving but has not yet confirmed a bullish reversal. If gold fails to break above 4,025 USD, selling pressure is likely to return.

📌 Outlook:

Gold may continue to decline in the short term if the U.S. dollar remains strong and U.S. economic data continues to surprise to the upside. Conversely, a decisive breakout above 4,025–4,045 USD could pave the way for a stronger recovery.

💡 Suggested Trading Strategy:

🔻 SELL XAU/USD: 4,042 – 4,045
🎯 TP: 40 / 80 / 200 / 300 pips
❌ SL: 4,050

🔺 BUY XAU/USD: 3,990 – 3,987
🎯 TP: 40 / 80 / 200 / 300 pips
❌ SL: 3,980

Jul 14

Trade active

Jul 14

Trade closed: target reached