long term gold price prediction

٢ نوفمبر ٢٠٢١

Gold has failed to break intermediate term highs, it is also failing to consolidate above the important $1800 level, this is showing bearish market structure. In the short term I predict gold to go higher (only if the DXY is weak); then break the downwards (retail trendlines) trend to grab liquidity from higher bearish orderblocks and imbalances and potentially tap the top bearish orderblock at the all time high, then continue on the longer term trend downwards to potential prices bellowm $1600.