xauusd:A sequence of 9 appears on the weekly line, which means that next week will be a window for change.
The trend line above the weekly line near 2060 has not been physically broken, so as long as the weekly line ends below 2060 today, it is 100% sure that it will fall next week.
From the hourly chart of gold,
The 2060 wave of rebound happens to be the 618 position of the trend from 2030-2080.
If it is still suppressed by 2060 in the future, then 2060 is likely to become the high point of wave B.
2080 is the high point of wave A, so judging from 123 to 4, gold may continue to break through 2030.
I also drew it in the picture. Next, the 618 position below is near the low point of 2030, and the next 100% position is here at 2010.
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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.