@odavies658 - XAUUSD | PriceONN Topluluk
O
I'm noticing a descending triangle pattern forming on the H4 chart for XAUUSD. The price is making lower highs while the horizontal support is holding around the S2 pivot at 4894. Given the current bearish trend and the oversold RSI, a breakdown of this support level seems increasingly probable. This pattern suggests further downside pressure.