XAU, the symbol for gold, has broken down from a symmetrical triangle pattern after being within it for 91 days. From a technical standpoint, we can anticipate a 10% decrease in gold's price based on this pattern.
After successfully retesting the pattern, we can expect the first drop to target the initial level of support, which is around 1987.
Stay tuned for further updates.
After successfully retesting the pattern, we can expect the first drop to target the initial level of support, which is around 1987.
Stay tuned for further updates.
