Gold has reached a dynamic support and in the 4-hour timeframe, it is likely to pull back to the previous support level after hitting Fibonacci 50 and start a correction again.
Gold is in a triangle and after the triangle breaks, it will be clear which direction it will go, but I think I predict a decline in gold based on the weekly Ichimoku.
According to Fibonacci, in the 4-hour timeframe, gold can reach around $2,735 and near Fibo 78.6. Considering the RSI, which is in the overbought range and the formation of a head and shoulders pattern, we expect gold to correct to the $2,550 range.
According to the ascending channel, gold can go up to $2,700 and then another correction will begin.If you look carefully, the technical pattern of head and shoulders is formed and we can wait for correction to $2550
