Hi Dears

The monthly and weekly trend of gold tells us that we are currently in a downward trend. In the 4-hour chart, we have a big resistance that gold has not been able to break, so we expect it to continue falling. I calculated the gold target from the monthly trend line, which of course is confirmed by the 1.13 Fibonacci area.
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fibonaccianalysisGoldgoldanalysisgoldideagoldtradinghamidreza_fxichimoku_traderTrend AnalysisTriangleXAUUSD

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