BLACKBULL:XAUUSD   Gold Spot / U.S. Dollar
M30 is still in a downtrend. The trend changes to up only if the price breaks upwards through 2002.
However, with H4, the price is clearly supported and recognized by the market.
So, my conclusion is that gold will eventually rise and the fall is only temporary.
Of course, this is just my idea, still need to pay attention to trading risks.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.