@dalKyle44 on XAUUSD | PriceONN Community
Okay, I'm seeing something on the XAUUSD chart that might be a descending triangle, but I'm not totally sure if I'm reading it right. The price seems to be hitting a horizontal resistance around 4420-4425 consistently, while the lows are getting progressively lower. It feels like it's being squeezed, and honestly, the Iran tensions easing and oil dropping makes me think gold might dip further to break that support. If it breaks below 4380, I might consider a short, but I'm still worried about that psychological 4400 level holding. It's really making me sweat. I wish I understood these patterns better, feels like I'm just guessing.