XAUUSD Technical Analysis: Selling Pressure from 4H Order BlockGoldOANDA:XAUUSDLunadigitalGold (XAUUSD) on the 4H timeframe is currently trading around 4740, reacting from a strong bearish order block (β 4770 β 4800). Price has already shown rejection from this zone, confirming strong selling pressure. The marked resistance zone (4770 β 4800) remains a key level where sellers are dominating. As long as price stays below this area, the market structure favors further downside. A short-term pullback may occur, but it is likely to provide better selling opportunities rather than trend reversal. π Key Levels: * Resistance: 4770 β 4800 (4H Bearish Order Block) * Current Price: ~4740 * Intermediate Support: 4680 β 4700 * Major Support Target: 4533 π Bias: * Bearish below 4770 * Expect continuation toward 4533 if momentum sustains Market structure suggests a potential lower high formation, followed by continuation to the downside. βΈ» Not Financial Advice