Gold continues to fall after breaking below 4650.GoldOANDA:XAUUSDMoon-ForexAcademy📈 1. Trend : Structure Overview: After moving sideways within the 4.66x – 4.76x range, price has broken down below the range support The short-term EMA is starting to slope downward → bearish momentum is returning The current structure has shifted into: lower highs + lower lows 👉 Current situation: Price has broken strongly below the support zone around 4.65x A clear breakdown has occurred from the previous accumulation range The market is entering a bearish continuation phase → This indicates: A bearish breakdown following a distribution / sideways range phase 📊 2. Price Action A strong bearish candle has broken the support structure Price is now trading below the short-term EMA → sellers are controlling the market in the short term RSI ~26–30 → the market is approaching oversold territory Current rebounds are likely just technical pullbacks 👉 Key points: If price retests the 4.64x – 4.65x zone and fails → the probability of further downside remains high No clear bullish reversal signal has appeared yet → Bearish momentum still dominates the market 📌 3. Key Levels 🔴 Near Resistance: 4,640 – 4,650 Previous breakdown zone EMA overhead Area where selling pressure may return 👉 If price gets rejected here: → The decline could continue further downward 4. Signal 🔵BUY XAU zone 4586 - 4583 SL: 4578 TP: 4602 - 4630 - 4655 🔴SELL XAU zone 4650 - 4653 SL: 4658 TP: 4622 - 4600 - 4562