gold weekly technical analysis

Gold is moving in a descending wave. We expect the formation of a corrective ascending wave from the support area at 1769.26 levels, to target the resistance area at 1814.46 levels, and from the resistance area, it is expected to form the top of the week, then the decline, targeting the second support area at 1728.41 levels.
But in the event that the four-hour candle closes below the 1762.00 level, we expect a direct decline and target the second support area at 1728.41 levels, from which the bottom of the week is expected.