GOLD BIG TRIANGLE SETUPGOLD
Above is a technical view on XAUUSD and the most important zones to take in consideration.
Price has been accumulating in the 1800 zone and has yet to break it.
Furthermore, the selling pressure today looks about right on the h4 and Daily timeframe. The main goal currently is to retest the major resistance of the 1750-1760 zone.
XAUUSD is at the top of a bearish channel on the 4h chart after hitting 32 fib retracement.
On a Daily chart we have big triangle formation and we are looking for price action around to 1820-1840.
From this resistance area we can looking forward to selliing confirmation.
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