Downtrend - remaining below 4092GoldOANDA:XAUUSDMoon-ForexAcademy📈 1. Trend & Market Structure Current Trend: Bearish Pullback within a Short-Term Downtrend Based on the H1 chart: Gold remains below both the EMA89 (~4,106) and EMA9 (~4,075), confirming that the short-term trend is still bearish. Following the sharp decline from the 4,180 area, price has only staged a weak rebound and is consolidating below resistance, indicating buying momentum remains limited. The Lower High – Lower Low structure is still intact, showing sellers remain in control. Price is currently testing a confluence resistance formed by the EMA9, the short-term descending trendline, and the 4,090–4,095 resistance zone. RSI has recovered to around 47, suggesting selling pressure is easing, but there is still no confirmation of a new bullish trend. 👉 Current Trend: Bearish Pullback. Selling on rallies into resistance remains the preferred strategy. 📊 2. Price Action Analysis After finding support around 4,035, gold has staged a technical rebound toward the 4,075–4,080 area. Price is now testing the confluence of: EMA9 Short-term descending trendline 4,090–4,095 resistance zone If price fails to break above 4,090–4,095, selling pressure could push gold back toward 4,035–4,040, followed by 4,000. Conversely, if price breaks above and closes above 4,095, the rebound could extend toward 4,105–4,110, and potentially 4,125 (EMA89). --------------------- SELL GOLD zone 4091 - 4094 SL : 4099 TP : 4080 - 4062 - 4030 ---------------------