Gold Pulls Back After Rally, Short-Term Downside Risk IncreasesGoldOANDA:XAUUSDMian-FXSignals📊 Market Overview: Gold (XAU/USD) is currently trading around 4,034 USD/oz after failing to sustain its rally toward 4,065 USD. Profit-taking pressure has increased as the US dollar rebounded slightly and US Treasury yields remained stable, weighing on gold prices. Markets continue to monitor the Fed's policy outlook; if upcoming US economic data remains strong, gold could face additional short-term pressure. 📉 Technical Analysis: 🔴 Key Resistance: 4,050 – 4,060 USD 4,075 – 4,085 USD 🟢 Nearest Support: 4,025 – 4,030 USD 4,000 – 4,010 USD 📈 EMA: Price is currently trading below the EMA 9 on the H1 timeframe, indicating a bearish short-term trend after losing upward momentum. 📊 Candlestick / Volume / Momentum: Small-bodied candles with long upper wicks have formed around 4,060 USD, reflecting strong selling pressure. Trading volume has weakened following the recent rally, suggesting buying momentum is fading. Short-term momentum is deteriorating; if 4,025 USD is broken, gold could decline toward the 4,000 USD support area. 📌 Outlook: Gold may continue its short-term correction if it fails to reclaim the 4,050 – 4,060 USD resistance zone. However, holding above 4,025 – 4,030 USD could allow prices to rebound and retest higher resistance levels. 💡 Suggested Trading Strategy: 🔻 SELL XAU/USD: 4,057 – 4,060 🎯 TP: 40 / 80 / 200 / 300 pips ❌ SL: 4,065 🔺 BUY XAU/USD: 4,005 – 4,007 🎯 TP: 40 / 80 / 200 / 300 pips ❌ SL: 3,999