Will gold prices continue to fall in the new year?

1️⃣ Trend Line

Main short-term trend: Down

← To combat summer volatility, it is recommended to create trade lists between exponential moving averages.

Structure: After a sharp decline, the technical rebound is weak → forming a bottom-up pattern. Reflection conditions are available.

suggestion:

2️⃣ Fibonacci Sequence

0.618: About 4.350-4.352← support level

1.0: About 4.376-4.378 → strong resistance level. Supply Zone Convergence + Exponential Moving Average + Downtrend Line

⬅️Price ranges from 1.0 to 0.618

3️⃣Resistance

4.350–4.352: Resistant to problems

4.428–4.430: 1.618 + 1.618 + 1.618

→ Ideal destination for friends and family.

4️⃣ Support

4.304–4.306: Short-term support (initial price)

4.273–4.275: Bottom of a strong support structure – a breakout of this area signals a breakout to the upside.

📈 Trading plan

Buy gold: 4273-4275

Highest price: 4265

Take profit: 100-300-500 points

Selling gold: 4428-4430

Highest price: 4440

Take profit: 100-300-500 points

📍 Downtrend continuation – sell when price rises and focus on buying only when price reacts to key signals.