As the chart explains, there is no need for many details. Gold is still oscillating, reading the unstable movement of the dollar
When global news is announced at the time of wars, the movement of gold cannot be expected, but technically we try to explain to you according to our knowledge that gold is heading in an upward direction, but this is a corrective movement according to what is explained in the chart
The point 1.06300 is a strong support area on the daily chart, and it is often a retracement area and a complete trend change in the medium term. We believe that there will be a rebound, but the time of loss should be taken into account below this point.
In simple terms, gold is in a downtrend, and this movement is corrective, and after breaking the 1899 correction, the target will be 1870-1875
The Dow Jones is heading to low levels after the bad performance during this month and before the decline it will return to the descending trend line to return and complete a way to the bottom. Please do not neglect the economic news that greatly affects the movement.
Based on the technical analysis, Bitcoin fell in a consolidation area located between 39000-37000, breaking this rectangle will determine the next direction, and since the ascending trend line has been broken, we are now in the stage of retesting the top of the rectangle as shown in the chart.
A symmetrical triangle has formed with us, its top is now 93.800 and its bottom is 93.440, and it is reference when this point is broken that it will fall to the previous support line from the last point it reached
It is still moving within the descending channel since last February, and it reached a corrective retracement area within the descending channel as shown in the chart, targeting the point 1.0889.
Gold breaking the highest point before 1967 and retesting it suggests that it is heading to the top of the resistance line located between 2005-2010 and then back if it gives an indication of a downside
Most likely it will drop a little to 1907, but during the weekend, things may happen that will make it rise with the beginning of the market