đGold has a âlong-term đ»BEARISHđ» trend
đBut before that, it can grow againâ đ
đŻ3 targets are shown in the figure...
đFurther analysis:
âWeekly time frame:
In the long term, gold can continue to fall to the bottom of the channel with a gap from the top of the channelđ
âDaily time frame:
The long-term setup of gold fall is as follows:
Based on the break of the BULLISH trend line of the daily time frame, it can continue to fall with a THE SL above the HIGH before the breakđ
âFour-hour time frame:
There is a possibility of forming a harmonic pattern:
Based on the Fibonacci ratios, a Gartley pattern can form here and we are growing to complete wave Dđ
đBut before that, it can grow againâ đ
đŻ3 targets are shown in the figure...
đFurther analysis:
âWeekly time frame:
In the long term, gold can continue to fall to the bottom of the channel with a gap from the top of the channelđ
âDaily time frame:
The long-term setup of gold fall is as follows:
Based on the break of the BULLISH trend line of the daily time frame, it can continue to fall with a THE SL above the HIGH before the breakđ
âFour-hour time frame:
There is a possibility of forming a harmonic pattern:
Based on the Fibonacci ratios, a Gartley pattern can form here and we are growing to complete wave Dđ
đRegarding the formation of a double top on the 2030 resistance:
đ»There is a possibility of a temporary fall to the support range of 2001-2005
â And from there, build a LOW with a wedge pattern and grow based on the main analysis