Demand zone H4 , strong 4435 GoldOANDA:XAUUSDMoon-ForexAcademy1. Market Trend Bias: Bearish – Strong Correction, Potential Technical Rebound Gold is trading around $4,451.7, significantly below EMA 9 ≈ $4,474.3 and EMA 89 ≈ $4,574.1. EMA 9 < EMA 89 → short-term and medium-term momentum remain bearish. Price has broken sharply below the descending trendline, confirming strong selling pressure. The decline has accelerated after rejection around $4,600–$4,630. Histogram is strongly negative (≈ -0.47), confirming bearish momentum. RSI(14) ≈ 22.9 → deeply oversold, increasing the probability of a short-term technical rebound. 2. Price Structure Current Price: ~4,452 Major Support: 4,435–4,440 Immediate Resistance: 4,510–4,520 Major Resistance: 4,550–4,575 Current structure: Bearish Trendline → Breakdown → Strong Sell-off → Oversold → Potential Rebound Price is currently testing the $4,435–$4,440 demand zone, which is also the key Fibonacci 0% area. A successful hold above this zone could trigger a corrective rebound toward the Fibonacci retracement levels. 3. Fibonacci Levels 4,510: Fib 0.382 – first rebound target 4,533: Fib 0.50 – important resistance 4,557: Fib 0.618 – key recovery level 4,631: previous major swing resistance 4,753: Fib 1.618 – extended upside target ----------------- BUY GOLD zone : 4436 - 4433 SL : 4428 TP : 4450 - 4468 - 4480 -----------------