Continued accumulation - downward trendGoldOANDA:XAUUSDMoon-ForexAcademy📈 1. Trend : Market Structure Overall view: Price is clearly in a downtrend The EMA is sloping downward and acting as dynamic resistance Market structure remains intact: → Lower High + Lower Low 👉 Key highlight: A previous support zone has been broken → confirming a strong breakdown Price is currently making a minor rebound after forming a low around 4.55x 👉 Current Condition Price is forming a technical pullback Moving within a narrow range: 4.55x – 4.60x No clear reversal signals yet → This is a bearish pullback, not accumulation 📊 2. News Gold (XAU/USD) extends losses by over 1% after the Federal Reserve kept rates unchanged Jerome Powell signaled he may remain on the board amid ongoing legal uncertainty Price dropped to around $4,546 after peaking near $4,610 👉 Market impact: A stronger USD and cautious sentiment are weighing on gold Fed uncertainty adds pressure, limiting bullish momentum 📊 3. Key Levels 🔴 Resistance (Sell Zone): 4,600 – 4,625 Previous breakdown zone (support → resistance flip) EMA overhead Nearest supply zone 👉 Strategy: → If price pulls back into this area and shows weakness → look for SELL continuation setups 🔵 Support (Downside Targets): Near-term: 4,550 – 4,540 Deeper: 4,500 – 4,480 👉 If price breaks below 4.55x: → High probability of a strong sell-off continuation (bearish momentum expansion) 4. Signal BUY GOLD zone : 4511 - 4508 SL : 4503 TP: 4525 - 4558 - 4580