Gold will Go Down by Symmetrical Triangle Pattern!!!

Gold is moving in a Descending channel near the Resistance zone($2,337-$2,318).

In terms of Classical Technical Analysis, Gold has managed to form a Symmetrical Triangle Pattern, which indicates the continuation of the Downward Trend.

I expect Gold to continue falling(Probably with two scenarios) after breaking the lower line of the Symmetrical Triangle Pattern, at least to the Support zone($2,337-$2,318).

Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.

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Kommentar:

I still expect gold to move down from the upper line of the symmetrical triangle.