Gold Monthly Analysis

Gold is now approaching a 20% decline from the all-time top we called in January, when the bullish chorus was almost impossible to ignore, from prominent gold advocates to every smart appliance with a market opinion. That makes the next move especially important: will this decline officially open the door to a lengthy bear market, or do bulls still have one more chance to defend the larger structure? In this weekly analysis, we examine Gold’s evolving setup across multiple timeframes, review the key levels and downside targets, and outline the most probable paths as the metal approaches its next decisive move. CANDLES This week, Gold bounced off the 200 DMA for the second time. However, the bounce was not strong enough to avoid a tiny 8/20 EMA bearish cross on the weekly frame. Statistically, this event signals a continued decline in the 7–25% range, which, in the worst-case scenario, would…