Gold had a long-term uptrend (for 2 years) and the medium-term downward adjustment (for 8 months). From this price range, I make my forecast - "Gold" will create the bottom then go up. Nice price for us to BUY and Hold is 1678.
If the price does not collapse strongly or decisively through this price range, the above forecasts will not change.
Daily chart
The overview direction that I predict is to return to the 177x - 178x (The confluence of downward trend and previous Resistance zone).
4h chart: 2 scenarios
Scenario 1: Strong adjustment and rebound
The price will fall again, back to 170x and bounce back.
Scenario 2: Going sideways to accumulate the power and bounce back.
That means it would still move sideways in the 172x zone, then rise up.