GOLD🥇/ another growth🚀❓🤔
👉Gold has a ⌛long-term 🔻BEARISH🔻 trend
👉But before that, it can grow again✅🚀
🎯3 targets are shown in the figure...
🔎Further analysis:
⌛Weekly 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 channel👇
⌛Daily 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 break👇
⌛Four-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 D👇
👉But before that, it can grow again✅🚀
🎯3 targets are shown in the figure...
🔎Further analysis:
⌛Weekly 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 channel👇
⌛Daily 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 break👇
⌛Four-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 D👇
Nota
💥In the continuation of this analysis:👉Regarding the formation of a double top on the 2030 resistance:
🔻There is a possibility of a temporary fall to the support range of 2001-2005
✅And from there, build a LOW with a wedge pattern and grow based on the main analysis
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