In terms of gold, the channel I shared has been around for a while, and I feel its effectiveness is very high. If you also want to participate in gold trading, you can refer to this channel (see below).

From the price trend, the 0.786 Fibonacci retracement level is around $3372, becoming a new resistance level for this phase. Additionally, the M-top position that was touched twice above has also formed a resistance range.

As for the bottom support, the 0.5 Fibonacci retracement level is currently quite effective. This is not only the stop-loss position for this wave of decline but also the first position that touched resistance after the previous rise, where the prior resistance zone has now turned into a support zone.

Of course, you can also refer to the foreign exchange market for mutual verification. The US dollar index has been declining recently. Generally speaking, when gold rises, the US dollar index falls, and when gold falls, the US dollar index rises. This pattern is usually quite reliable, and you can refer to this point to support your judgment.