GOLD - Price consolidation before a major wave!GoldOANDA:XAUUSDFireWave_Gold- The overall structure still maintains a medium-term downtrend with a clear series of Lower Highs and the price is fluctuating within a descending trendline channel. - Multi-timeframe EMAs (H4 - H2 - H1) still support the downtrend as EMA34 is below EMA89 and the bearish DOW structure remains. - The (5031 - 5037) zone is currently a significant resistance area; a breakout of this zone will trigger a short-term uptrend to (5078 - 5084). The (4967 - 4973) zone is currently a crucial support area; a breakout would open up a wider market decline. ✅ VIEW: 1. SELL SCENARIO: - The market continuously forms liquidity retests before continuing the downtrend. - The (H1) candle confirms a breakout of the uptrend. - Breaking through the support zone (4967 - 4973) and simultaneously confirming a breakout of the Higher Low structure. => Confirms the extended downward momentum of the market and targets the (4938 - 4943) and (4900 - 4906) zones. => The (4900 - 4906) zone is a historically important structural zone (Demand + Dow previously increased). A break of this zone could lead to a sharp decline in the market. 2. BUY SCENARIO: - The (H1) candle confirms a breakout of the resistance zone (5031 - 5037). - Confirms a breakout of the descending trendline and simultaneously a breakout of the Lower High structure. => There is a possibility of a short-term upward momentum returning and targeting the (5078 - 5084) zone. => The upward momentum resumed strongly when the price broke out of the resistance zone (5078 - 5084) as this is a strong resistance zone and the confluence of the Fibonacci (0.5 - 0.618) zone and the bearish Dow structure. SELL LIMIT GOLD: 5001 - 5003 STOPLOSS: 5007 ✅TP1: 4998 ✅TP2: 4981 SELL LIMIT GOLD: 5019 - 5021 STOPLOSS: 5026 ✅TP1: 5016 ✅TP2: 4997 BUY LIMIT GOLD: 4938 - 4940 STOPLOSS: 4934 ✅TP1: 4943 ✅TP2: 4960