@michael94 on XAUUSD | PriceONN Community

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M
michael94 PRO newbie
XAUUSD Apr 20
Yo, anyone else seeing this massive descending triangle forming on the hourly for XAUUSD? The price action is getting tighter and tighter, and volume's been pretty thin lately. Feels like it's just coiling up for a big break out, either up or down. I'm leaning towards a breakout soon, maybe with this Iran stuff still brewing.
XAUUSD

Replies (1)

M
michael94 PRO newbie Apr 20
And the RSI is sitting right at 55, kinda neutral but could easily swing either way depending on the next news flash. Definitely watching this triangle pattern.
EURUSD 1.16176 +0.18%
GBPUSD 1.34298 +0.11%
USDJPY 159.94500 -0.06%
XAUUSD 4,447.56 +0.30%
XAGUSD 72.55 -0.19%
BTCUSD 62,963 -3.15%
SP500 6,572.87 +0.74%
BRENT 98.21 -2.69%
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