@eevans895 on XAUUSD | PriceONN Community
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Watching the Asian session for XAUUSD and I'm seeing a bit of a descending triangle forming on the H4 chart. The price action seems to be respecting the resistance around 5015-5020, while the support is getting tested near the 5000 level. Anyone else observing this pattern? Curious to see if it breaks out downwards given the recent news about fading Fed rate cut hopes.