GOLD - Price and Volume Descending Triangle
On the intraday chart , Gold is in a Descending Triangle Consolidation after an initial move down from 2478 - for both Price and Volume.
There should be coming
1. Break of Price - from this consolidation. It will be supported by a
2. Break of Volume - Yellow candles printing.
If Price can be contained below 2400 and RSI continues to travel below 50, and Pattern being a Bearish Continuation, the bias is for a short trade.
There should be coming
1. Break of Price - from this consolidation. It will be supported by a
2. Break of Volume - Yellow candles printing.
If Price can be contained below 2400 and RSI continues to travel below 50, and Pattern being a Bearish Continuation, the bias is for a short trade.
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