XAUUSD D1The chart suggests a possible downward move toward the lower support zone ($2,622.40) if the price fails to break the resistance at $2,726.92.
Analysis:
Bearish Scenario: If the price breaks below the lower trendline, it could signal a continuation of the bearish trend, targeting the support zone.
Trading Advice:
Watch for a breakout from the triangle pattern for confirmation of direction.
Set stop-loss orders to mitigate risk, especially near key resistance and support levels.