@PriyaN29 - XAUUSD | PriceONN Topluluk
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I'm observing a potential descending triangle forming on the H4 chart. The series of lower highs is concerning. Has anyone else noticed this pattern, and if so, what are your thoughts on its validity given the relatively flat 200 SMA at 5177.77? I'm particularly interested in how the Bollinger Bands might influence a breakout, should one occur. A confirmed break below the lower band at 4997.54 could signal a significant move downwards. Any insights would be appreciated. Risk management is paramount, of course.