#GOLD However the monthly and weekly candles of Gold looked v | Vantage Technical Analysis

#GOLD

However the monthly and weekly candles of Gold looked very bullish after the bounce from 1680 levels, I was waiting to get a bit clearer view.
Most likely the pattern which started at the end of May is still in play and we will see at least one more sharp drop like the previous two following the May top. It should be smaller compared to them but I'm not sure whether it will began from here or a bit higher.
The marked area around 1750 is current support. If price clearly breaks the resistance here, it will turn into another strong support. The mentioned pattern may end at either one of these two support areas.
Not to mention another test of the 1680 - 1700 area (marked on the chart) seems very unlikely.

https://www.tradingview.com/x/nFqoHPNx/