Gold prices continue to trade sideways around 4100.GoldOANDA:XAUUSDMoon-ForexAcademy📈 1. Trend : Market Structure Current Trend: Bearish Pullback Within a Medium-Term Uptrend Based on the H1 chart: Gold remains in a short-term pullback after being rejected from the 4,180–4,200 resistance zone, indicating that profit-taking pressure is still dominant. Price continues to trade above the EMA89 (~4,124), confirming that the medium-term trend remains bullish. The EMA9 (~4,148) has turned lower, reflecting weakening short-term bullish momentum. The Higher High – Higher Low structure remains intact, although price is currently testing the key 4,135–4,145 support zone. RSI has fallen to around 40, suggesting selling pressure remains in control, while the market is approaching oversold territory. 👉 Current Trend: Bearish pullback within an overall uptrend. Buying on dips into key support remains the preferred strategy. 📊 2. Price Action Analysis Current Market Behavior After topping near 4,200, gold has formed a series of Lower Highs and pulled back toward the confluence of the EMA89, the ascending trendline, and the 4,135–4,145 support zone. This area is a key support that is likely to determine the next short-term direction. If price holds above 4,135–4,145, a rebound toward 4,180–4,200 becomes increasingly likely. If this support breaks, the decline could extend toward 4,100–4,105, followed by 4,075–4,080. 📍 Key Price Levels 🔴 Resistance 4,160–4,165 4,180–4,200 4,220 🔵 Support 4,135–4,145 4,100–4,105 4,075–4,080 --------------------- BUY GOLD zone 4103 - 4100 SL : 4095 TP : 4120 - 4138 - 4155 -----------------------