$GMT Daily Outlook

GMT is still under heavy pressure as price continues to respect the descending trendline. Sellers remain in control, and the overall structure is still bearish.

KEY OBSERVATIONS:

Price is hovering just above the trendline support, a weak area that could break.

RSI is holding near oversold levels with a slight bullish divergence forming, hinting at potential short-term relief.

The major supply zone sits around 0.024 – 0.025, which would need a strong reclaim to flip momentum.

Scenario:

If support fails → continuation to the downside.

If buyers defend this level → possible bounce, but likely just a relief move unless structure breaks.

Patience is key here. Let the market confirm before taking risk.

DYOR | NFA