Gold Under Strong Selling Pressure – Risk of Breaking Below 4550GoldOANDA:XAUUSDMian-FXSignals📊 Market Developments: Global gold prices are currently experiencing strong short-term corrective pressure. The main reason comes from cautious investor sentiment as central banks maintain a "hawkish" stance on interest rates, combined with a recovery in the technology stock sector in Asia, which reduces safe-haven demand for precious metals. 📉 Technical Analysis: • Key resistance: 4,571 USD (SMA 9) and 4,580 USD (most recent candle high). • Nearest support: 4,550 USD (important psychological level) and 4,545 USD (DEMA 9 line). • EMA/SMA: Price is currently trading below the SMA 9 (4,571.062), confirming that the short-term downtrend is dominating. • Candlestick Pattern / Momentum: RSI (14) is currently at 32.34, approaching the oversold zone. The chart shows long-bodied candles with upper wicks, indicating that sellers are fully controlling the market and every recovery is quickly sold off. 📌 Outlook: Gold may continue its short-term decline if it cannot close a 4H candle above the 4,560 USD level. A breakout below the 4,550 USD zone will trigger a new wave of sell-off toward the 4,530 USD level. 💡 Proposed Trading Strategy: 🔻 SELL XAU/USD at: 4,577 – 4,580 • 🎯 TP: 40 / 80 / 200 / 300 pips • ❌ SL: 4,584 🔺 BUY XAU/USD at: 4,545 – 4,550 • 🎯 TP: 40 / 80 / 200 / 300 pips • ❌ SL: 4,542