Gold has been moving in a descending channel for several weeks.
During the last 5-6 days, Gold was able to form a symmetrical triangle, and now it managed to break the lower line of the triangle.
I expect Gold to go down at least to the target I specified in the chart (probably to the bottom of the descending channel).
Gold Analyze ( XAUUSD ), Timeframe 1H (Log Scale).
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
During the last 5-6 days, Gold was able to form a symmetrical triangle, and now it managed to break the lower line of the triangle.
I expect Gold to go down at least to the target I specified in the chart (probably to the bottom of the descending channel).
Gold Analyze ( XAUUSD ), Timeframe 1H (Log Scale).
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
