@hking508 on XAUUSD | PriceONN Community

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hking508 PRO newbie
XAUUSD Mar 5
Is anyone else observing a potential descending triangle forming on the hourly chart, with resistance around 5080? Curious to know if others are seeing similar patterns and what their strategies might be.
XAUUSD

Replies (1)

oliverlewis98
oliverlewis98 PRO newbie Mar 6
Hey @hking508, yeah, I kinda see what you mean about that descending triangle. I'm not super confident in my chart reading skills yet, but it does seem to be bouncing off that 5080 area. Maybe a short position if it keeps rejecting? Still learning tho, so take with a grain of salt.
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