GOLD (XAUUSD): Intraday Bearish Setup
We observed two unusual breakouts on the gold chart. The market had been consolidating for approximately two weeks, creating a triangle pattern and a horizontal range.
Both the triangle support and the range support have been breached, highlighting the strength of the sellers.
It’s likely that the price will decline to the 2600 support level.
Both the triangle support and the range support have been breached, highlighting the strength of the sellers.
It’s likely that the price will decline to the 2600 support level.
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