END OF DISTRIBUTION (SIDEWAY) TRENDS

This chart shows the XAUUSD on the 1-hour timeframe and incorporates various Smart Money Concepts (SMC) elements like market structure, liquidity zones, and potential price projections.

Key Observations:

Market Structure:

Higher Highs (HH) and Lower Highs (LH): The chart shows a series of HHs and LHs, indicating that the price is oscillating between bullish and bearish phases.

Break of Structure (BOS): Several BOS points are marked, signaling shifts in market direction. These are crucial because they often lead to a change in trend or indicate where liquidity is likely to be targeted.

Change of Character (CHOCH): This signifies a potential shift in market sentiment from bullish to bearish

Liquidity Zones:

Buy-Side Liquidity: The chart shows a zone above the current price, marked with a potential target for the bulls. This is where buy orders may be stacked, creating a target for the price.
Sell-Side Liquidity: There's a significant zone below the current price, indicating an area where sell stops might be placed, creating a potential target for bears.

Dynamic Support Line:

The blue trendline acts as a dynamic support, indicating that the price has respected this level multiple times. A break below this line could signal a bearish continuation.

Price Projections:

Bullish Scenario: If the price respects the dynamic support and breaks above the last HH, it could target the buy-side liquidity area near 2,512.
Bearish Scenario: A break below the dynamic support and the sell-side liquidity zone could lead to a sharp decline toward the next significant support level around 2,354.

Potential Trade Setups:
Long Setup:

Entry: Upon a bullish break of structure and a clear break above the previous HH, signaling strong buying momentum.
Target: The buy-side liquidity area around 2,512.
Stop Loss: Below the dynamic support line or the last LH.

Short Setup:

Entry: If the price breaks below the dynamic support and the last HL, indicating a shift towards bearish momentum.
Target: The sell-side liquidity area around 2,440 or lower towards 2,354.
Stop Loss: Above the previous LH or the dynamic support line.

Summary:
The chart suggests that the market is currently at a critical juncture. The price could either break upwards, targeting the buy-side liquidity, or break downwards, heading towards the sell-side liquidity. Monitoring the break of the dynamic support and BOS/CHOCH levels will be key in determining the next directional move.