GOLD (#XAUUSD): Potential Bearish Scenario Explained
Quick update for ⚠️Gold:
Gold is currently forming a descending triangle pattern on an hourly chart, with a horizontal neckline between 2896 and 2888.
If the price breaks and closes below this level on an hourly timeframe, it would indicate a strong bearish signal for the day.
A further decline in the price is likely to occur, potentially reaching 2870.
Gold is currently forming a descending triangle pattern on an hourly chart, with a horizontal neckline between 2896 and 2888.
If the price breaks and closes below this level on an hourly timeframe, it would indicate a strong bearish signal for the day.
A further decline in the price is likely to occur, potentially reaching 2870.
Join our Telegram channel for daily market update 👇👇
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
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.
Join our Telegram channel for daily market update 👇👇
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
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.