Downward pressure - gold price falls to the 4645 region.GoldOANDA:XAUUSDMoon-ForexAcademy📈 1. Trend : Structure After forming a top around the 4.88x – 4.89x zone, price reversed sharply, confirming a break of the previous bullish structure. A steep descending trendline has since taken control of the overall market direction. Throughout this phase: Price has been consistently rejected at the trendline A clear sequence of lower highs and lower lows is maintained → confirming a sustained downtrend 👉 Current situation: Price is moving tightly along the underside of the trendline, showing a bearish compression pattern Pullbacks are weak and quickly sold off upon reaching resistance Price is currently testing a key support zone around 4.66x 👉 Conclusion: Short-term trend: Strong bearish Market structure: → Downtrend → compression → high probability of further breakdown 📊 2. Key Levels 🔴 Resistance (Sell Zone): 4,700 – 4,730 Confluence: Descending trendline EMA (dynamic resistance) Previous breakdown zone 👉 This is the optimal area to look for sell continuation setups 🔵 Support (Breakdown Zone / Targets): Nearest: 4,660 – 4,650 (currently being tested) Key level: 4,620 – 4,600 Deeper target: ~4,550 – 4,580 👉 A confirmed break below 4.65x could trigger a strong sell-off 3. SIGNAL BUY GOLD zone : 4646-4643 SL: 4638 TP: 4670 - 4695 - 4728