Expected Scenarios for Gold Movement

Gold is moving in a sideways direction on the 4-hour timeframe.

This follows the recent strong rally as a result of consolidation operations.

This occurred on the daily timeframe and lasted for approximately five months.

Gold is currently trading in important and strong areas.

It has reached strong cluster areas, 

which are demand areas on the 4-hour timeframe.

This is consistent with the rising trend line, as seen on the chart.

Therefore, we are facing more than one possible scenario.

Expected Scenarios for Gold

The first scenario: Gold rises from the current areas.

This is considered the most likely scenario due to the current situation of dollar weakness.

After the interest rate cut, with the possibility of two cuts this year.

This could push gold to continue rising in the coming period.

Therefore, we may consider buying from the current areas provided that buying signals appear.

On a timeframe such as the hourly or half-hourly timeframe to reduce risk.

The second scenario is a decline, 

and this is conditional upon a breakout of the current demand zones

and a breakout of the uptrend and a close below them. This could lead to a decline in gold.

This decline may continue at least to the next demand zones at the 3599 level.

In any case, please exercise caution when trading gold

and manage your capital carefully.