Interest rates remain unchanged - pressure to sell gold.GoldOANDA:XAUUSDMoon-ForexAcademy📈 1. Trend : Market Structure Overview: Gold remains in a clear short- to medium-term downtrend. The EMA9 (~4,339) is trading below the EMA89 (~4,440), confirming a strong bearish market structure. Price had been moving within a descending channel and has recently broken below the lower boundary, signaling a continuation of the downtrend. Following the sharp breakdown from the 4.48x–4.49x area, the market experienced a strong sell-off toward the 4.31x region. 👉 Current Trend: Strong bearish momentum, with sellers firmly in control. 📊 2. Price Action Price continues to print: Lower Highs Lower Lows The downside breakout from the descending channel confirms bearish continuation. The former support zone around 4.35x–4.36x has now turned into resistance. ⚡ 3. Momentum RSI is around 29–30, indicating oversold conditions. The histogram remains red and continues to expand, reflecting persistent selling pressure. No clear bullish divergence has appeared on the RSI yet. Although a short-term technical rebound is possible, overall momentum remains heavily tilted toward the bears. 📍 Key Support & Resistance Levels 🔴 Near Resistance: 4,330 – 4,350 Recent breakdown zone EMA9 Former support turned resistance 🔴 Major Resistance: 4,390 – 4,440 EMA89 Lower boundary of the former descending channel Key seller concentration area 👉 A break above this zone would be needed to confirm a credible bullish reversal. 🔵 Near Support: 4,297 – 4,270 Fibonacci Extension 2.272 – 2.618 Current reaction area 🔵 Major Support: 4,250 – 4,230 Next downside target after the breakout Major liquidity zone below 👉 If price breaks below 4,270, bearish momentum could accelerate toward the 4.23x–4.25x region. ---------------- SELL GOLD zone : 4375-4378 SL : 4383 TP : 4360 - 4342 - 4310 -----------------