GOLD๐ฅ/ another growth๐โ๐ค
๐Gold has a โlong-term ๐ปBEARISH๐ป trend
๐But before that, it can grow againโ ๐
๐ฏ3 targets are shown in the figure...
๐Further analysis:
โWeekly 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 channel๐
โDaily 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 break๐
โFour-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 D๐
๐But before that, it can grow againโ ๐
๐ฏ3 targets are shown in the figure...
๐Further analysis:
โWeekly 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 channel๐
โDaily 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 break๐
โFour-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 D๐
๐Regarding the formation of a double top on the 2030 resistance:
๐ปThere is a possibility of a temporary fall to the support range of 2001-2005
โ And from there, build a LOW with a wedge pattern and grow based on the main analysis