Selling pressure – gold price around 4,300.GoldOANDA:XAUUSDMoon-ForexAcademy1. Market Structure Current Bias: Bearish / Bearish Continuation Risk Gold is trading around 4,314, below both key moving averages: EMA 9: 4,325 EMA 89: 4,347 EMA 9 < EMA 89 → short-term momentum remains bearish. Price has formed a series of Lower Highs, while the rising channel is now being tested near its lower boundary. The recent rejection from the upper trendline around 4,390–4,400 indicates that sellers are still defending the broader descending resistance. 2. Momentum RSI(14): ~39.4 RSI remains below 50, confirming bearish momentum, but it is not yet deeply oversold. This leaves room for another downside move before a stronger technical rebound develops. 3. Key Resistance 4,325–4,347 → immediate resistance zone EMA 9 EMA 89 Previous short-term structure 4,355–4,375 → stronger resistance Descending trendline / supply area 4,390–4,405 → major resistance Upper boundary of the broader channel Previous swing-high region A sustained breakout above 4,375–4,400 would weaken the bearish setup and could trigger a recovery toward 4,420+. ------------ SELL GOLD zone : 4335 - 4338 SL : 4343 TP : 4320 - 4300 - 4272