Gold is now about 18% lower, measured from the ATH 2020. In the zone 1700$ - 1680$ we now reach a zone of great importance for the long-term uptrend. Will the reversal succeed?
The break of the symmetrical triangle under high trading volume opens a price target of around 4000$.
Sell Limit @ 0618 Fib with a potential Head shoulders.
Overshoot 0.618 Fib, Retrace at TL Daily and H4
Change of market structure + losing selling momentum
Enter via sell limit or market if USD is weakening earlier.