Gold’s Descending Triangle Pattern Continues Despite Breakout
Gold's descending triangle pattern remains intact even after a recent breakout. This pattern suggests a bearish outlook for gold. The next potential support area lies between $2140 and $2145, aligning with the median line of the long-term bullish channel.
Resistance 3 |
Resistance 2 |
Resistance 1 |
Support 1 |
Support 2 |
Support 3 |
2300 |
2250 |
2200 |
2140-45 |
2088 |
2055-60 |