The 50-period EMA serves as a short-term trend filter, while RSI (14) measures momentum. A rejection near resistance, with price failing to reclaim the EMA and RSI turning lower beneath 50, would strengthen the bearish scenario.
A confirmed short entry around 1,550 USD could target 1,500 USD and subsequently 1,477 USD. The protective Stop Loss is positioned at 1,585 USD. The upcoming Federal Reserve decision may increase volatility and influence the direction of precious metals.