RLinda ! GOLD-> Fall on Monday. What's next?

Gold prices fell 0.80% on Monday as the dollar index strengthened. The Fed is expected to raise its benchmark interest rate overnight by 75 basis points at its November meeting. Also on October 27 will be the release of U.S. GDP data for the Third Quarter. The consensus forecast is for 1.8% growth. Recall that the previous two quarters were negative growth
Investors will be watching the U.S. closely this week. GDP and core inflation are printing, while the European Central Bank is expected to raise its rates by 75 basis points.
But there are some rather interesting rumors: According to the WSJ, the regulator may consider slowing the pace of interest rate increases as early as December. The final decision will depend on progress in fighting inflation, labor market conditions and the overall situation in the economy.
From the technical analysis point of view we see a break of the descending price channel and a rather strong momentum. What has influenced it?
Friday's key results:

• - The S&P 500 Index rose 3.23%.
  
• - Hope for "softer Fed policies" going forward
  
• - U.S. ten-year yields jumped 2.70%
  
• - Dollar index depreciated 0.87% against the major basket of currencies
  
• - Manipulation of options
  

We are now seeing a technical pullback to the local range, namely the upper boundary at 1642. If the bulls are strong enough to strengthen their positions above the 1642 level, gold will still have bullish potential and an anticipated rise to the 1654, 1668 zone and the important key zone -1681
The global trend remains bearish and there is a good chance that the price might fall to the liquidity zone of 1622

Regards R. Linda!