Gold will Go Down by Symmetrical Triangle Pattern!!!

18 juin 2024

Gold is moving in a Descending channel near the Resistance zone($2,337-$2,318).

In terms of Classical Technical Analysis, Gold has managed to form a Symmetrical Triangle Pattern, which indicates the continuation of the Downward Trend.

I expect Gold to continue falling(Probably with two scenarios) after breaking the lower line of the Symmetrical Triangle Pattern, at least to the Support zone($2,337-$2,318).

Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.

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18 juin 2024

Transaction en cours

19 juin 2024

Note

I still expect gold to move down from the upper line of the symmetrical triangle.