On the monthly chart, after ending February with a strong bearish candle, it shows that the selling pressure is still dominating with the information coming from the USD strongly increasing in the context of US bond yields. go to high place. The US economic outlook is brightly assessed. In general, fundamental and technical analysis is in favor of the next decline in gold, here I have drawn a long-term downside target for gold to be 1500-1600. On the H4 chart it can be seen that the price at the beginning of the week is recovering and I have drawn fibo to determine where the recovery span can be reached, here in my opinion, the price can recover to the 38.2-50 fibo zone. is resistance in the past. To be safe, we can wait for the price to rise to this zone and close the candle to give a bearish signal, then entering the order will be low risk. The specific signal I will update with proper levels.