GOLDðĨ/ another growthðâðĪ
ðGold has a âlong-term ðŧBEARISHðŧ trend
ðBut before that, it can grow againâ ð
ðŊ3 targets are shown in the figure...
ðFurther 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 channelð
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 breakð
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 Dð
ðBut before that, it can grow againâ ð
ðŊ3 targets are shown in the figure...
ðFurther 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 channelð
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 breakð
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 Dð
ðRegarding the formation of a double top on the 2030 resistance:
ðŧThere 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