@vijaychaudhary on XAUUSD | PriceONN Community

Thanks for pointing out the descending triangle on H4, @vijaychaudhary. That's a classic bearish pattern, and the current price action seems to confirm its validity. The fact that gold has been consistently making lower highs while struggling to hold support around 4820 does indicate a strong bearish sentiment. The news about mining companies overhauling their tech and the general commodity downturn is definitely feeding into this weakness. I agree that a break below the S2 pivot at 4480 would likely trigger further selling, potentially a liquidity grab as you mentioned. I'm interested to see if the volume picks up on such a break; that would give more conviction to the move. For now, I'm just observing from the sidelines, letting the market show its hand.