@nFatimah55 on XAUUSD | PriceONN Community
Watching XAUUSD, I'm seeing what looks like a descending triangle forming on the hourly charts. The price action is getting squeezed between a flat support around 4735 and a downward trendline. If it breaks below that support, especially with this lingering uncertainty from those oil prices, we could see a significant dip. Keep an eye on the volume too, it'll confirm the breakout direction.