XAUUSD: Daily Selling Pressure Builds as Short-Term Momentum FadGoldOANDA:XAUUSDVolumeWatcherPrice XAUUSD is trading around 4,008 on the 1H chart. On the daily chart, price has continued to decline from the highs reached in August. Volume Sentiment 1H: Both the raw and Heikin-Ashi Volume Sentiment lines are in positive territory. However, the broader price decline and weakening MACD histogram suggest that the positive sentiment readings have not translated into a sustained recovery in price. 1D: Both the raw and Heikin-Ashi Volume Sentiment lines are in the FUD zone, reflecting persistently negative sentiment on the daily timeframe. MACD 1H: The MACD line remains above its signal line, but the histogram is decreasing. This suggests that upward momentum is losing strength, although a bearish crossover has not yet been confirmed. 1D: The MACD line is below its signal line, and the histogram is decreasing. This reflects continued weakness in daily momentum. Bollinger Bands 1H: The Bollinger Bands are relatively narrow, and price is trading above the middle band. The current position suggests that price has held above the middle band during the recent short-term recovery, although this alone does not confirm a sustained upward move. 1D: Price is trading near the lower Bollinger Band, consistent with the ongoing weakness in the daily price structure. The daily chart remains bearish, with both Volume Sentiment layers in the FUD zone and MACD momentum weakening. On the 1H chart, both Volume Sentiment layers remain positive, but the declining MACD histogram suggests that the recent upward momentum is fading. Overall, the short-term recovery appears to be losing strength while the daily timeframe continues to show selling pressure. Further downside remains a possibility, but the indicators do not establish a certain outcome. This analysis serves as a starting snapshot for the week. The Friday update will revisit these conditions and assess what has changed from this initial state. This analysis is for informational and educational purposes only. It is not financial advice. Always do your own research and account for the risks of trading.