@adamlewis10 on XAUUSD | PriceONN Community
A
I've been observing the H4 chart for a potential ascending triangle formation on XAUUSD, with the upper boundary forming around the current resistance zone near 4870-4875. Is anyone else seeing this pattern, and if so, what are your thoughts on the potential breakout target if it confirms? I'm particularly interested in how the 200 SMA at 4767 might act as a support if we see a false breakout first.