Analysis of XAU/USD: Potential Triangle Pattern After Rejection
The current analysis of XAU/USD (gold priced in U.S. dollars) indicates a significant price action scenario following a rejection at the $2,669 level. We will wait and see the potential formation of a triangle pattern and the implications for future price movements.
Note
If the triangle pattern for XAU/USD breaks downward, it could signify the beginning of a new bearish trend.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.