Gold Spot / U.S. Dollar
Short

XAUUSD: BEARISH EXPANDING TRIANGLE 🔻

58
XAUUSD: BEARISH EXPANDING TRIANGLE 🔻

BIAS: BEARISH 🔻

TECHNICAL PROJECTION:
On the H4 timeframe, we have a bearish bias that price will potentially create the "E" wave to continue further bearish to targets to complete its "e wave" from the bearish expanding triangle pattern.
• Target 1: 1780
• Target 2: 1775
• Target 3: 1771

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.