• The gold price is encased in a triangle pattern, as seen on the H1 chart. The XAU/USD pair indicated a greater increase after breaking free of the down-channel pattern.
• The channel formation was regarded as a bullish reversal pattern from a technical perspective. However, it may test and retest the support of the triangle or the downtrend line in the near term.
Good Luck Traders!
• The channel formation was regarded as a bullish reversal pattern from a technical perspective. However, it may test and retest the support of the triangle or the downtrend line in the near term.
Good Luck Traders!