@KaylaThompson on XAUUSD | PriceONN Community
K
I'm noticing a potential ascending triangle forming on the XAUUSD H4 chart. The series of higher lows is quite evident, and we're approaching the 5100 level, which seems to be acting as resistance. If we see a breakout above that with significant volume, it could signal a continuation of the bullish trend. However, the RSI is nearing overbought conditions, so a pullback might be in order before any sustained upward movement.