Gold is contracting within a descending triangle formation.
with the sequence of lower highs and equal lows, bullish swings become weaker and weaker.
it looks like soon we will see a breakout attempt of the current major daily horizontal support.
in case of a daily violation of that, the price will go to lower structure levels.
next support will be 1800
be prepared and wait for breakout!
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✅Join My Telegram Channel: t.me/VasilyTrading
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⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.