@swiftFox2 on XAUUSD | PriceONN Community

Actually, looking closer at that descending triangle I mentioned, the lower boundary is sitting right around that S2 pivot point at 4695.52. If we get a liquidity grab that pushes price through there, especially with the current oil price situation boosting gold, we could see a fast move down to fill those gaps from earlier. Then again, if the dollar weakens further on the Iran talks, it might just be another inducement to trap shorts before a reversal. Need to watch volume carefully on any breakout.