XAUUSDOANDA:XAUUSD
Well, dear traders
Considering the behavior of gold on the last day of the past week, December 15, we can no longer expect the price of 2100 for the next 130 days. And with a butterfly pattern, we will say goodbye to the upward trend and think about selling.
The first stage: We will have a fall in the price of gold until 1937.
The second step: according to the behavior of the propeller pattern and the failure of the structure, we return 38% from point B again to test the point of failure of the structure.
The third stage: after the BOS test at point B, about 61.8% of the price will fall to touch the bottoms made in June and August.
Step 4: The price retests the BOS formed at point D and returns to the daily dynamic trend line
The fifth stage: probably in this stage, which is around 1900, the order of the big buyers of the market, which is registered in advance, will be activated and we will see the price pump until 1977.
Finally, buyers will try to push the price to 2100 and cross the multi-year barrier.
Note: Probably, in the fifth stage, the price will fluctuate much sharper than the drawn state and move towards 2100 before reaching March 1, 2024.
good luck
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