First of all, we have to detect the trading range. The long-term trading range has an upper boundary at 1920, this limit exists since 2011. The second step – trend lines. We have 2 lines: AC and BD. Lines form an ascending triangle. It is important to notice that triangle is a long-term and continuation pattern. Thus, we can say that the gold price in 2030 will be higher than BD line (than now). Now we are in the middle of the 4th wave (DE) of the triangle, the 4ft wave is descending. It means that we can forecast that the price at the end of 2021 will be lower than the current level (1800). The 1st top (B) formed a strong level 1915. The 3d step is finding true internal trend lines, that best approximate the majority of the relative highs or lows. These lines must narrow the trading range. I noticed E, F, G and I points. EI line supplements the B-level line and the price is inside the new triangle. We can suggest that the B-level line and EI line are current resistance and support lines respectively. To take advantage of the current range we have to find new internal trend lines. Firstly I noticed J, K and L points nearby B top and M, N and O. The MO line is parallel to EI line. These 2 new lines divide the trading range into 2 parts. Conclusion 1: Middle-term trend is descending and it is riskier to buy than to sell. Conclusion 2: The volatility (length 30) is too high, you have to have an extremely big stop loss. Conclusion 3: It is interesting to sell at 1800 with take profit at 1700 and stop loss at 1840. Thnx for reading.