FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Hello, dear friends, I hope you are doing well. You can see the gold chart in the 4-hour time period. Currently, gold has a downward trend and an erosive fall. With the channel I drew, it is currently inside this channel. and as long as it moves into this channel, we expect it to suffer. In my opinion, gold is waiting for the news of the Federal Reserve interest rate next week to start moving up or down and breaking the channel. In total, we can Let's say that gold has an upward movement to break and stabilize the major ceiling of 2087 in the 4-hour time frame, and we can talk about the fall and fall of gold when it breaks and stabilizes the major floor of 1972 in the 4-hour time frame.

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