GOLD - Accumulating before a strong breakout!!!GoldOANDA:XAUUSDFireWave_Gold- Overall, the short-term trend remains bullish as the price fluctuates within the trendline channel and maintains a Higher Low - Higher High pattern. However, the price is currently consolidating and continuously adjusting, sweeping through liquidity after the rally that reached 4800. - The multi-timeframe EMA (Daily - H2 - H1) still shows the bullish structure is maintained as EMA34 remains above EMA89. However, on the (H4) timeframe, EMA34 remains below EMA89, indicating that the timeframes are not in agreement on the trend. - The (4785 - 4800) zone is currently a crucial resistance area; a breakout of this zone will trigger a return to higher resistance levels. The (4571 - 4594) zone is currently a crucial support area; a breakout of this zone would break the current bullish DOW (H4) pattern, potentially leading to a further bearish correction. ✅ VIEW: 1. SELL SCENARIO: - Price breaks through the support zone (4571 - 4594), which is also an uptrending downtrend structure (H4). - Breaks through the uptrend line and simultaneously breaks through the Higher Low structure. - The (H4) candle confirms closing below the EMA34 again. => The price is likely to reverse and fall short of support levels (4481 - 4488). => When the price confirms breaking through the support zone (4481 - 4488), the downward momentum is likely to extend strongly to the nearest support zone (4352 - 4362). If the price is rejected at the support zone (4481 - 4488), it is likely to rebound short-term. 2. BUY SCENARIO: - The candle confirms breaking through the resistance zone (4785 - 4800). - Confirmation of a breakout from the descending trendline and a simultaneous breakout from the Lower High structure. => An upward structure will be confirmed and extend to higher resistance levels. ❗NOTE: The market is closed for 3 days, and a series of US economic data releases + news about the US-Iran conflict are strongly impacting Oil and Gold. The market will reopen tomorrow, so please monitor the market structure and, for safety, wait until the market stabilizes after reopening before trading!