Selling pressure below 4100 - creating a gap.

Jul 13

1. Trend
Short-term bias: Bearish.
Price remains below the descending trendline, indicating sellers are still in control.
EMA9 is below EMA89, signaling weakening bullish momentum.
The market continues to form lower highs and lower lows.

2. Key Resistance

4,080–4,085

Immediate resistance.
Confluence of EMA9 and previous support, now acting as resistance.
A rejection from this area could trigger another bearish move.

4,100–4,120

Strong resistance zone.
Coincides with the descending trendline and EMA89.
A breakout above this zone would weaken the current bearish structure.

4,120

Recent swing high.
A H1 close above this level would invalidate the short-term bearish outlook.

3. Key Support

4,050

Immediate support.
Price is currently testing this level.

4,021

Major support.
Previous swing low and a key demand zone.
A break below this level would confirm a continuation of the bearish trend.

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SELL GOLD zone : 4094 - 4097

SL : 4102

TP : 4080 - 4062 - 4044

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Jul 13

Trade active

Downtrend - Asian session sees gradual consolidation below 4070