A very important and vital area for decision making
As indicated in the chart, gold is in a downward sub-trend in the weekly chart
The price went below the midline of today's fork and now it has returned to its midline after a correction. Now there are two possibilities:
1- The price will pull back to the midline and experience lower levels
2- The price of the midline should break upwards and return to the ceiling of the channel
But the important thing, please don't forget that this analysis is done on the weekly gold chart and it will not be a good signal for short-term or even medium-term transactions.
The price went below the midline of today's fork and now it has returned to its midline after a correction. Now there are two possibilities:
1- The price will pull back to the midline and experience lower levels
2- The price of the midline should break upwards and return to the ceiling of the channel
But the important thing, please don't forget that this analysis is done on the weekly gold chart and it will not be a good signal for short-term or even medium-term transactions.