Gold is forming an M pattern in the weekly period, and the target of this pattern shows the numbers of $1350, which cannot be commented on at the moment. In the daily time frame, it is at a very important support level, the breakout of which creates a strong downward trend, but in the 4-hour time frame, which we will examine further, we see the formation of a double bottom pattern. According to the trend, we have several scenarios ahead, which are indicated in the chart.