Docs: Add metrics_config metadata API docs

PR-URL: https://github.com/hasura/graphql-engine-mono/pull/7337
Co-authored-by: Anon Ray <616387+ecthiender@users.noreply.github.com>
Co-authored-by: Sean Park-Ross <94021366+seanparkross@users.noreply.github.com>
Co-authored-by: Marion Schleifer <5722022+marionschleifer@users.noreply.github.com>
GitOrigin-RevId: e852f95917491504a44e425a6ee8176c3644416b

docs/docs/api-reference/metadata-api/observability.mdx

@@ -0,0 +1,68 @@
+---
+sidebar_label: Observability Options
+sidebar_position: 20
+description: Manage observability options with the Hasura metadata API
+keywords:
+   - hasura
+   - docs
+   - metadata API
+   - API reference
+   - observability options
+   - metrics config
+   - enterprise
+   - ee
+   - monitoring
+---
+
+# Metadata API Reference: Observability Options
+
+<div className='badge badge--primary heading-badge'>Available on: Cloud and Enterprise Edition</div>
+
+## Introduction
+
+The API to manage `Observability` related metadata configurations.
+
+## Logs and metrics configuration
+
+These is the set of configurations that governs the metrics and logging output for various debugging and analytics
+purposes.
+
+## set_metrics_config {#metadata-set-metrics-config}
+
+`set_metrics_config` is used to add/update logs and metrics configurations.
+
+```http
+POST /v1/metadata HTTP/1.1
+Content-Type: application/json
+X-Hasura-Role: admin
+{
+    "type": "set_metrics_config",
+    "args": {
+        "analyze_query_variables": false    
+    }
+}
+```
+
+### Args syntax {#set-metrics-config-syntax}
+
+| Key                     | Required | Schema    | Description                                                                                         |
+|-------------------------|----------|-----------|-----------------------------------------------------------------------------------------------------|
+| analyze_query_variables | false    | boolean   | Enables logging of the values of the query variables provided for each request. Default is `false`. |
+
+The corresponding feature documentation for the usage of these configurations can be found
+[here](/observability/operations.mdx#capture-query-variables).
+
+
+## remove_metrics_config {#metadata-remove-metrics-config}
+
+`remove_metrics_config` is used to remove all metrics configurations.
+
+```http
+POST /v1/metadata HTTP/1.1
+Content-Type: application/json
+X-Hasura-Role: admin
+{
+    "type": "remove_metrics_config",
+    "args": {}
+}
+```