@FarhanArcher on XAUUSD | PriceONN Community
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Hey guys, is anyone else seeing a potential descending triangle forming on the H4 chart for XAUUSD? The series of lower highs is pretty clear, but I'm not convinced about the support around 5100-5110. It's been tested multiple times already. What are your thoughts on the validity of this pattern, and where would you place your breakout target if it confirms? Also, how reliable do you find these patterns in the current volatile market conditions?