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The gold price appears to be moving to the bearish side as a bearish three-method formation has been identified on the 4-hour timeframe. This pattern, characterized by a long bearish candle followed by three smaller bullish candles and another long bearish candle, indicates a continuation of the downtrend. Traders might consider this as a signal for potential further decline in gold prices.

The gold price has completed an Elliott Wave 12345 pattern, reaching a new high and touching the rising resistance trendline, forming a reversal rising wedge pattern. This suggests a potential downward movement as the price is likely to follow the Elliott Wave ABC correction. Traders should watch for confirmation of the breakdown from the wedge to validate the start of the correction phase.

Gold is in a bullish trend on the daily timeframe, following an ascending trendline. It completed an Elliott Wave ABC and is now in a symmetrical triangle, having also completed the symmetrical Elliott Wave 12345. The price has touched the symmetrical resistance trendline and formed a bearish hanging man pattern. We should consider selling after the next bearish confirmation, expecting the price to follow the Elliott Wave ABC pattern downwards to the ascending trendline.

The BTC/USD pair is currently in a bearish movement, adhering to the impulse and correction pattern and following the Elliott Wave 12345 structure. The price has recently moved up a few pips, touching the descending trendline and completing the 4th Elliott Wave. This suggests that the price is likely to move long-term bearish, continuing the downtrend in line with the 5th wave.

The gold price has reached our first target with a 1350+ pips gain, completing Elliott Wave A. It has now retraced 50% to 61% to form Wave B at a key resistance level. We anticipate a bearish move towards completing Wave C. We plan to enter a sell position following bearish price action on the daily timeframe.

Gold prices are experiencing a downward trend as they enter the 5th Elliott wave in a bearish movement. The recent touch of the resistance level within a Rectangular Consolidation pattern has signaled this decline. Following the completion of the 4th Elliott wave, the market's bearish momentum is expected to continue.

Gold price is showing bullish potential on the 1-hour timeframe due to the formation of an inverse head and shoulders pattern. This technical pattern typically signals a trend reversal from bearish to bullish. If the price breaks above the neckline with strong volume, it could confirm the bullish move. Traders should watch for confirmation and consider key resistance levels.

Gold is exhibiting a bearish trend on the 4-hour timeframe, moving within a descending channel. The price has completed a 50% Fibonacci correction, signaling the end of Elliott Wave 4. This presents a favorable opportunity to enter a selling position, anticipating further downward movement.

Gold price is likely to move to the downside on the 4-hour timeframe due to a breakout below the ascending trendline and completion of the Elliott Wave 3. Currently, a minor upward retracement to the 50% level suggests Wave 4 is completing. Once this retracement concludes, the price is expected to resume its bearish trend.

Gold price has shifted to a bearish trend on the 4-hour timeframe after completing an Elliott Impulse Wave 12345 & ascending trendline breakout and is now following an Elliott Correction ABC. Entry for selling is recommended after the correction reaches 50% to 61% retracement, confirmed by bearish price action signals.