Gold is moving in a Descending channel near the Resistance zone($2,337-$2,318).
In terms of Classical Technical Analysis, Gold has managed to form a Symmetrical Triangle Pattern, which indicates the continuation of the Downward Trend.
I expect Gold to continue falling(Probably with two scenarios) after breaking the lower line of the Symmetrical Triangle Pattern, at least to the Support zone($2,337-$2,318).
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
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 gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and
In terms of Classical Technical Analysis, Gold has managed to form a Symmetrical Triangle Pattern, which indicates the continuation of the Downward Trend.
I expect Gold to continue falling(Probably with two scenarios) after breaking the lower line of the Symmetrical Triangle Pattern, at least to the Support zone($2,337-$2,318).
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
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 gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and
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I still expect gold to move down from the upper line of the symmetrical triangle.
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