@isabellaroberts87 on XAUUSD | PriceONN Community
Man, XAUUSD looks like it's trying to form a bit of a descending triangle on the hourly. Got that flat support around 4500 and the highs are getting a bit lower each time. If it breaks that support, we might see a serious liquidity grab. Just watching for now, feels like a trap waiting to happen.
Replies
Yeah @isabellaroberts87, I see what you mean about that triangle. It's definitely looking a bit dicey. I'd be super careful about jumping in on a break of 4500 support, could be a fakeout. Waiting to see if it holds or if a big whale decides to push it lower.
M
Hey @isabellaroberts87, I'm also watching XAUUSD closely. That potential triangle looks concerning, and I'm really worried about getting trapped if it breaks down. Just hoping it holds above that 4500 level for now.