The consolidation continues around 4700.GoldOANDA:XAUUSDMoon-ForexAcademy🔍 Market Structure Price is currently fluctuating around the H1 EMA 89, indicating that the market is in a short-term balanced phase. The EMA 9 has crossed below the EMA 89: suggesting bullish momentum has weakened, and buyers have not yet fully regained control of the trend. Following the sharp decline from 4,773: the market has formed a lower high, but it still has not broken the major structural low around 4,638–4,640. At the moment, price is: consolidating around the Fibonacci 0.382 – 0.5 zone, waiting for a breakout to determine the next directional move. 📉 Fibonacci & Key Levels 🔵 Near-Term Resistance: 4,706 – 4,720 Fibonacci 0.5 – 0.618 zone an area where sellers are strongly defending. If a breakout is confirmed, the market could extend higher toward: 4,760 4,780. 🟣 Key Support: 4,680 – 4,640 major trendline support zone medium-term demand area. Signal : BUY GOLD zone 4635 - 4632 SL: 4627 TP: 4648 - 4672 - 4698