Gold continues to accumulate below 5000.GoldOANDA:XAUUSDMoon-ForexAcademy🔍 1. Technical Outlook 📈 Trend & Structure Previously: A strong bearish impulse from the top Currently: Price is recovering and forming an ascending channel Structure: Higher Lows → short-term bullish recovery 👉 This represents a: Pullback within a larger downtrend 🧠 Key Structure Price is currently: Moving within an ascending channel Consolidating below a key resistance zone (~4,90x) 📊 Key Levels 🔴 Resistance (Sell Zone): 4,90x – 5,00x This area represents: A previous strong supply zone A major distribution area 🔵 Support (Buy Zone) Lower channel: 4,70x – 4,72x Deeper level: 4,60x 🌍 2. Macro Outlook (Gold – Next Week) USD and Federal Reserve (Key Driver) 🏦 Fed Policy: Maintaining a “higher-for-longer” stance (prolonged high interest rates) 👉 Impact: Stronger USD ➝ Downward pressure on Gold 📊 Key Economic Data to Watch CPI (inflation) NFP (employment) Retail Sales GDP (if released)