@jennifer3092 on XAUUSD | PriceONN Community

This sideways consolidation around 4800 is starting to look like a textbook descending triangle on the H4 chart. The upper trendline is pretty clearly defined, with each peak failing to break higher. However, the lower boundary is also being tested repeatedly. It's got me thinking about that Iran news, which usually sparks volatility, but it seems to be doing the opposite right now, creating this weird calm before the storm. If this triangle breaks to the downside, especially with the dollar strengthening against other majors, we could see a sharp move lower towards the 4750 support. I'm watching for a decisive candle close outside the pattern before committing either way, but the setup feels bearish for now. The lack of follow-through on the upside despite geopolitical jitters is concerning. It's like the market is ignoring the headlines for now, which is never a good sign for longs.