"Gold (XAUUSD) – Contracting Triangle on H4 | Bearish Outlook To
Gold – H4 Analysis
🔹 It appears that gold is forming a contracting triangle on the 4-hour timeframe.
🔹 Bearish outlook remains valid, with the possibility of price reaching around $2900.
📍 Invalidating Level: ATH
🔸 If the upper boundary of the triangle is broken and ATH is surpassed, this bearish scenario will be invalidated.
🔹 It appears that gold is forming a contracting triangle on the 4-hour timeframe.
🔹 Bearish outlook remains valid, with the possibility of price reaching around $2900.
📍 Invalidating Level: ATH
🔸 If the upper boundary of the triangle is broken and ATH is surpassed, this bearish scenario will be invalidated.
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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.