If you check the XAUUSD chart in 1 hour and 4 hours, you can see a symmetrical bearish triangle. The price will get the support of the below-trending line and go upwards and then the price will hit the resistance line and will go down by breaking the below support line and create a Symmetrical bearish triangle.
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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.