Hello Trader,
Gold Analysis Daily Basis share for you and I hope you are interested my chart patterns and Waiting My Analysis with gold 🪙
A descending triangle is generally considered a bearish continuation pattern. In the chart you shared, the horizontal support line around the 2,905 level and the downward-sloping trendline create the triangle shape. If the price breaks below the support line with strong volume, it could signal a potential move downwards, possibly targeting the next support zone around 2,882.177 or lower.
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Gold Analysis Daily Basis share for you and I hope you are interested my chart patterns and Waiting My Analysis with gold 🪙
A descending triangle is generally considered a bearish continuation pattern. In the chart you shared, the horizontal support line around the 2,905 level and the downward-sloping trendline create the triangle shape. If the price breaks below the support line with strong volume, it could signal a potential move downwards, possibly targeting the next support zone around 2,882.177 or lower.
Are you looking to share this analysis with your followers, or do you want help crafting a specific trading idea or caption for it?
Thanks for Like my Analysis and follow
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.