Selling pressure - gold price returns to 4700GoldOANDA:XAUUSDMoon-ForexAcademy📈 1. Trend ; Structure Previously, price formed a strong top around the 4.88x area and then dropped sharply, confirming a break of the bullish structure. A clear descending trendline has since developed, consistently acting as dynamic resistance. Following the decline: Price failed to break above the trendline Continued forming lower highs and lower lows, maintaining the downtrend 👉 Current situation: Price recently reacted from the 4.67x bottom zone However, the rebound is weak and quickly sold off Still trading below the trendline and key EMAs, indicating sellers remain in control 👉 Conclusion: Short-term trend: Clearly bearish Main structure: Downtrend → weak pullback → bearish continuation 📊 2. Key Levels 🔴 Resistance (Sell Zone) 4,740 – 4,770 Confluence: Descending trendline EMA (dynamic resistance) Previous breakdown zone (support → resistance flip) 👉 This is the preferred area to look for sell continuation setups 🔵 Support (Downside Targets) Short-term: 4,670 – 4,660 Key level: 4,640 – 4,620 Deeper target: ~4,580 – 4,600 (lower liquidity zone) 📡 3. Signal ✅ Overall Strategy Main bias: Sell with the trend BUY GOLD zone 4645 - 4642 SL: 4637 TP : 4670 - 4692 - 4725