Let's look at the H4 chart, it looks like gold will make a correction to the price of 1855.19 at the 38.2% Fibonacci Retracement ratio, and after that it will return to a downward trend.
Note
On the weekly chart there is also a possibility of strong resistance at the price range 1855.19.
Note: This is just an idea from me, please compare it with your own analysis before opening a position. Thank you.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.