Hello to all traders. 😎😎
I hope all your deals will hit their targets. 🎉🎉
This is a **long-term analysis**, so it should be viewed with a **very long-term perspective**.
After breaking the **$2,000** level in **March 2024**, gold has **not yet pulled back** to this level. The strong upward movement over the past few months resembles an **ending pattern**, which could result in a **sharp decline**.
In the long run, I am **not very optimistic** about gold’s growth and believe that we should **expect a major drop**, at least to the **$2,000 range**.
### **Possible Scenarios for This Decline:**
1️⃣ **Black Path:** The market starts **falling from $2,700**. If this happens, the decline might take longer, as the market may **attempt multiple times** to collect **higher orders** before dropping.
2️⃣ **White Path:** The market rises to **$2,800** (previous high) before reversing downward. This scenario is **similar** to the first one.
3️⃣ **Orange Path:** The market **pushes up to $3,000**, collecting all **higher orders** before experiencing a **strong drop** back to the **$2,000 range**.
### **Invalidation of the Analysis:**
If gold **surpasses $3,000** and holds above this level for **one or two weekly candles**, this analysis will be invalidated. In that case, we may consider **higher price targets**, but given the **current global conditions**, this scenario seems **highly unlikely**.
### **What Do You Think?**
Which scenario do you think is more likely to happen? **Share your thoughts!** ⬇️
Don't forget that this is just an analysis to give you an idea and trade with your own strategy. And don't forget the stop loss🛑🛑🛑
❤️❤️❤️The only friend you have in financial markets is your stop loss❤️❤️❤️
Please support me with your ✅' like'✅ and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me 🙏😊
Be Happy , Ali Jamali
I hope all your deals will hit their targets. 🎉🎉
This is a **long-term analysis**, so it should be viewed with a **very long-term perspective**.
After breaking the **$2,000** level in **March 2024**, gold has **not yet pulled back** to this level. The strong upward movement over the past few months resembles an **ending pattern**, which could result in a **sharp decline**.
In the long run, I am **not very optimistic** about gold’s growth and believe that we should **expect a major drop**, at least to the **$2,000 range**.
### **Possible Scenarios for This Decline:**
1️⃣ **Black Path:** The market starts **falling from $2,700**. If this happens, the decline might take longer, as the market may **attempt multiple times** to collect **higher orders** before dropping.
2️⃣ **White Path:** The market rises to **$2,800** (previous high) before reversing downward. This scenario is **similar** to the first one.
3️⃣ **Orange Path:** The market **pushes up to $3,000**, collecting all **higher orders** before experiencing a **strong drop** back to the **$2,000 range**.
### **Invalidation of the Analysis:**
If gold **surpasses $3,000** and holds above this level for **one or two weekly candles**, this analysis will be invalidated. In that case, we may consider **higher price targets**, but given the **current global conditions**, this scenario seems **highly unlikely**.
### **What Do You Think?**
Which scenario do you think is more likely to happen? **Share your thoughts!** ⬇️
Don't forget that this is just an analysis to give you an idea and trade with your own strategy. And don't forget the stop loss🛑🛑🛑
❤️❤️❤️The only friend you have in financial markets is your stop loss❤️❤️❤️
Please support me with your ✅' like'✅ and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me 🙏😊
Be Happy , Ali Jamali
Trade active
We are on the white line path. If nothing special happens, there is no war, and the news about Trump and his media hype subsides, gold will probably go towards the right path. But if any other news comes and shocks the market, it will put us on the orange path. Where we are now is very, very important, and it depends more on the news than anything else which path to take.Note
We are in the yellow path and it reacted exactly to the range we identified and started to fall from there, $2958. I think it will fall at least to the range of 2821 to 2781 and if this range is broken, we will have a much larger fall.
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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.