@eric1994 on XAUUSD | PriceONN Community
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I'm noticing a potential descending triangle forming on the XAUUSD H4 chart. The series of lower highs suggests increasing selling pressure. A break below the 5035 level could trigger a significant move downwards. I'll be watching the volume closely to confirm the breakdown. A confirmed break could present a short opportunity, targeting the 5000 psychological level.