GOLD (XAUUSD): One More Breakout, Then Sell?!

Despite the fact that Gold is currently in a long-term bullish trend, there are some bearish signs to consider.

Firstly, the pair broke a support trend and closed below it on an hourly time frame.

Secondly, the price has formed a descending triangle pattern and is close to breaking below its neckline, indicating a potential sell signal.

These two bearish indicators suggest that the market may experience a drop in the near future, with potential targets at 2394 and 2375.

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