XAUUSD: Short-Term Selling Pressure as Daily Momentum ImprovesGoldOANDA:XAUUSDVolumeWatcherPrice XAUUSD is trading around 4,147 on the 1H chart following a recent decline. On the daily chart, price remains below its recent highs following the pullback from the late-August peak. Volume Sentiment 1H: The Heikin-Ashi line remains within the FUD zone, while the raw line is also in negative territory. Both layers reflect negative volume sentiment, with sellers remaining dominant. 1D: The Heikin-Ashi line has moved out of the FUD zone and is approaching zero, while the raw line remains negative and is moving lower. This creates a mixed picture, with the smoothed layer showing early improvement but the raw layer still reflecting negative sentiment. MACD 1H: The MACD line is below its signal line and remains in negative territory. The histogram is weakening further, consistent with the bearish short-term momentum. 1D: The MACD line is above its signal line, and the histogram shows improvement. This suggests that downward momentum may be easing, although the broader picture remains mixed. Bollinger Bands 1H: Price is trading near the lower Bollinger Band, reflecting continued short-term weakness. 1D: Price remains below the middle band, indicating that the daily price structure has not yet recovered to the middle of its recent range. The short-term picture remains strongly bearish, with negative volume sentiment and weakening MACD momentum. On the daily chart, improving MACD conditions and the Heikin-Ashi Volume Sentiment line moving out of the FUD zone suggest that conditions may be stabilizing. However, the raw volume layer remains negative, so a sustained return of buying pressure is not yet confirmed. The extent and durability of any recovery remain uncertain. 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.