XAUUSD: Triangle Structure - Drop Toward 4,700 Support Possible for FOREXCOM:XAUUSD by Ratner

TradingView idea: XAUUSD: Triangle Structure - Drop Toward 4,700 Support Possible for FOREXCOM:XAUUSD by Ratner TradingView symbol: XAUUSD Hello everyone, here is my breakdown of the current XAUUSD setup. Market Analysis Gold previously traded inside an upward channel, forming higher highs and confirming bullish momentum. After reaching the top, price lost strength and entered a range. Following this, gold broke below the range and formed a bearish structure with lower highs. Currently, price is approaching the 4,860 resistance zone, which aligns with a triangle resistance line, while holding above the 4,700 support zone. This …