Selling and accumulation below 4,400 – interest rate pressure.GoldOANDA:XAUUSDMoon-ForexAcademy📉 1. Market Structure Gold remains in a short-term bearish correction after failing to hold the 4,480–4,500 area. Price is below both EMA 9 and EMA 89 → bearish pressure remains. EMA 9 < EMA 89 → H4 trend is still bearish. The chart shows a series of Lower Highs, with price moving inside a descending structure. However, Gold is approaching an important support zone where buyers may attempt a rebound. 🟢 2. Key Support 4,280–4,310 → major support / demand zone This area has already generated a strong reaction previously. ➡️ If buyers defend this zone, Gold could rebound toward 4,400–4,415. Below 4,280: bearish continuation could target 4,230–4,240. 🔴 3. Key Resistance 4,400–4,415 → EMA 9/EMA 89 resistance area 4,450–4,500 → major resistance + descending trendline A break above 4,415 would improve the short-term structure. A confirmed breakout above 4,450–4,500 could signal a stronger bullish reversal toward 4,520+. 📊 4. RSI & Momentum RSI is around 44, below the neutral 50 level. → Momentum remains slightly bearish, but RSI is not oversold. → There is still room for another decline before a stronger technical rebound.