Accumulation - below 4700, H1 downward correction

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Accumulation - below 4700, H1 downward correctionGoldOANDA:XAUUSDMoon-ForexAcademy📌 1. Current Market Structure Price is currently moving sideways within a consolidation range following the previous strong bullish rally. After forming a peak around 4,772, the market has started to show: lower highs, weakening bullish momentum, narrowing candle ranges → a sign of accumulation. At the moment, price is fluctuating around the H1 EMA 89, indicating that the market remains in a short-term balanced phase. 📉 2. EMA Analysis The EMA 9 is currently trading below the EMA 89: EMA 9