– XAUUSD/H1: The short-term market trend is sideways consolidation within the trend line channel before identifying the next trend. The multi-timeframe exponential moving average (H4 – H2 – H1) continues to confirm the uptrend as EMA34 remains above EMA89, indicating that buyers are still in control of the market.

The area (4807 – 4813) is considered a major resistance level in the consolidation phase. If the price breaks this area, the uptrend will continue. The area (4778 – 4783) is a major support level; If the price breaks this area, the bearish structure will continue.

✅ Offer:
1. Buy scenario:
– When the price breaks and closes above the resistance area (4807 – 4813) and the candle (H1) confirms the breakout and closes above the EMA34 again, breaking at the same time the downtrend line, the bullish structure will recover and continue to the nearby resistance levels (4830 – 4833) and then to the area (4847 – 4851).

=> When the price completely breaks the resistance zone (4847 – 4851), the bullish structure will expand.

2. Selling scenario:
– When the price penetrates and closes below the area (4778 – 4783), confirming the breach of the ascending trend line, and at the same time the (H4) candle confirms a close below the moving average EMA34, the downtrend structure will continue and move towards the nearest support levels (4755 – 4758) and then to the area (4731 – 4735).

❗ Note: The market is currently in a consolidation phase. All traders must maintain discipline with proper stop loss/take profit levels. Wait for confirmation from larger time frame candles before setting up trades. The market is currently experiencing several false breakouts and may see deeper liquidity sweeps.

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