Hello, good Friday morning everyone In continuation of the previous analysis, as we expected, after breaking the upward trend line, gold entered the downward phase and reached the 4000 range with good selling pressure. Currently, the price has reached an important support area, which is also characteristic in the 4-hour time frame, and in the past, it has reacted to this range several times and significant movements have been formed from it. In my opinion, we should now monitor the price reaction to this area, if the support is maintained, there is a possibility of an upward correction, but in case of breaking the 4000 range and stabilizing below it, we can expect the continuation of the fall to the 3970 range and then the lower areas. For now, it is better not to rush to enter and let the price reaction to this support be the next path of the market specify I will give you the signal on the channel
