@thomas3162 on XAUUSD | PriceONN Community

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thomas3162
thomas3162 PRO newbie
XAUUSD Mar 17
I'm observing a potential ascending triangle pattern forming on the hourly chart for XAUUSD. The price seems to be consolidating between a horizontal resistance around 5018 and an upward sloping support trendline. If the price breaks decisively above the resistance with increased volume, it could signal a continuation of the bullish momentum. I'm watching this closely for a possible long entry.
XAUUSD

Replies (1)

aonuoha845
aonuoha845 PRO newbie Mar 20
Hey @thomas3162, an ascending triangle on this chart? Interesting. I'm seeing more of a bearish divergence on the H4 RSI, with price testing below the 50 SMA. Watching 4500 support closely, seems like the key level right now.
EURUSD 1.16320 +0.01%
GBPUSD 1.34397 -0.17%
USDJPY 159.88050 +0.00%
XAUUSD 4,471.64 -0.36%
XAGUSD 73.42 -2.24%
BTCUSD 62,703 -7.23%
SP500 6,572.87 +0.74%
BRENT 99.62 +0.75%
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