Forming a descending triangle on XAUUSD.
A lot of room to fall for this pair, all the way to 1160. Although we will be some weeks arriving to this point.
there seems to be an easy drop to about 1282.90 where we could either see a brake and retest, turning the support into resistance. Or we could respect the support and make another attempt at the descending trend-line.
A lot of room to fall for this pair, all the way to 1160. Although we will be some weeks arriving to this point.
there seems to be an easy drop to about 1282.90 where we could either see a brake and retest, turning the support into resistance. Or we could respect the support and make another attempt at the descending trend-line.