Decrease weather there is dollar strength or weakness. These long term trendlines from observation continue to act as support and resistance. When gold was in its bull market, price would break a resistance TL then backtest it as support and trade to the next one. Currently in its bear market its in reverse. break support backtest it as resistance, then trade down to the next TL support. Currently around 930. This idea I published last year. press the arrow to the right of the chart and it will refresh the chart to add the current price action.
I totally agree with your analysis, but in the long time frame.
In this analysis, the time frame is short and to the next month.
I think a correction is required until 1241.
And after this. Fall to $ 800