Gold 1H Intra-Day Chart 09.12.2024

Gold is in a neutral zone right now, but overall I am bearish. Here is what I am looking for next;

Option 1: Gold keeps dropping in its bear trend. Our target is $2,580. You can see the zig zag move Gold is creating. We saw a break below + retest so should continue now.

Option 2: If Gold moves above $2,690 next week then we can see a mid term bull trend towards $2,740 before it drops back down again.