The 20-period EMA tracks the short-term trend, while RSI (14) measures momentum. A bearish rejection below the EMA, accompanied by RSI failing to recover above 50, would support further downside.
A confirmed short entry near 57.20 USD could target 55.40 USD and subsequently 54.60 USD. The protective Stop Loss is positioned at 58.10 USD. A sustained recovery above resistance would weaken the bearish scenario.