GOLD - Accumulate, wait for a clear breakout!!!GoldOANDA:XAUUSDFireWave_Gold- XAUUSD/H1 is currently in a predominantly downtrend, continuously creating lower highs and facing negative pressure from the US-Iran negotiations. The market is consolidating within a trendline before determining its next direction. - Multi-timeframe EMAs (H4 - H2 - H1) are showing a pure downtrend, with EMA34 below EMA89. There is currently no momentum to support a rebound in gold prices; any potential increase would likely be a technical rebound or positive news regarding the successful outcome of the negotiations. - The (4600 - 4610) zone is a crucial resistance level for the next upward move; a short-term uptrend recovery is possible if the price breaks through this zone. The (4556 - 4562) zone is a crucial support level; a break through this zone would open the door for a further sharp decline. ✅ VIEW: 1. BUY SCENARIO: - Currently, the price is consolidating in a trendline channel and recovering after a sweep to the 455x region (this region coincides with the old resistance level of the weekly candle). - If the price breaks through and closes above the resistance zone (4600 - 4610), simultaneously breaking the descending trendline and the 0.618 Fibonacci dynamic resistance, and the candle closes above the EMA34 (H1), then the short-term uptrend structure will recover and head towards the resistance levels (464x) and (4663 - 4671). => The resistance zone (4663 - 4671) is the decisive area for whether the uptrend structure will fully resume, as this is the bottom that the sellers previously broke through, coinciding with the extended Fibonacci dynamic resistance zone (0.5 - 0.618) and the EMA34 (H4). => If the resistance zone (4663 - 4671) is not broken, the market is likely to continue to correct and consolidate within a large range, waiting for US economic data and the results of the negotiations. 2. SELL SCENARIO: - When the price breaks the uptrend line and breaks the near support zone (457x), prioritize finding a sell point. => When the price breaks and closes below the support zone (4556 - 4562), the market will continue to fall sharply. ❗NOTE: The current rebound is only a technical rebound after the sharp market decline, and the news from the negotiations is still negative for gold, so there are no clear signs for holding buy yet. A clear uptrend structure will only return when all the conditions for a BUY signal are met.