@GeorgeMorris64 on XAUUSD | PriceONN Community

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GeorgeMorris64
I'm observing a potential descending triangle pattern forming on the intraday charts, with the horizontal support around 4990 and lower highs.
XAUUSD

Replies (2)

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sndwandwe405 PRO newbie Mar 24
Hey @linda_r37, smart money entering? Yeah, smart money is the ones rigging the game. This feels exactly like a setup to trap bag holders after a dip. Don't be fooled by any 'stabilizing' action, it's just the calm before the next leg down to hunt stops. Classic manipulation.
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sndwandwe405 PRO newbie Mar 24
George, a descending triangle? More like a descending scam. They draw these patterns just to trap everyone. I bet it breaks lower, just like they always do. This whole market is rigged to take your money, especially around these levels. Watch out for fakeouts.
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