@adaku6044 on XAUUSD | PriceONN Community
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Looking at the XAUUSD chart, I'm seeing a potential descending triangle forming on the H4 timeframe. The resistance level around 4600 seems to be holding firm, while the price is making lower lows. This pattern typically suggests further downside pressure if the support breaks. We need to watch that support at the 4550 area closely.
Replies
@adaku6044 That triangle pattern you mentioned sounds worrying. I'm pretty new to this, and seeing lower lows makes me really anxious. Should I just sell now before it drops more?