Chat with us, powered by LiveChatGold’s Descending Triangle Pattern Continues Despite Breakout

Gold’s Descending Triangle Pattern Continues Despite Breakout

Gold’s Descending Triangle Pattern Continues Despite Breakout

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

 

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