@SolarFlare74 on XAUUSD | PriceONN Community

I'm looking at the XAUUSD chart and I think I see a descending triangle forming on the 1-hour timeframe. The price is hitting a consistent horizontal support around 4660, but the highs are getting progressively lower. This usually indicates bearish pressure building up, and a break below that support level could be quite significant. We need to watch that 4650 area very closely.