Triangle in GOLD ?
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In the gold chart, at intervals of 1 and 4 hours, a downtrend is formed that forms a triangle.
The market is probably waiting for Mr. Powell's speech to determine the direction of the market.
When we look at the market for 15 minutes, we see that a triangular pattern has formed.
The upper side of this triangle creates a resistance angle of 0 degrees.
The first gold point is 1724 support on August 10.
The second point of gold fall is the long-term gold support of 1706.
However, like August 7, it may reach 1677 with a long shadow.
However, the current price is 1737 and if it can cross the range of 1745 and above, this analysis is incorrect and the uptrend occurs and moves towards 1747, 1753 and 1760.
The whole market trend depends on what Mr. Powell says tomorrow.
The market is probably waiting for Mr. Powell's speech to determine the direction of the market.
When we look at the market for 15 minutes, we see that a triangular pattern has formed.
The upper side of this triangle creates a resistance angle of 0 degrees.
The first gold point is 1724 support on August 10.
The second point of gold fall is the long-term gold support of 1706.
However, like August 7, it may reach 1677 with a long shadow.
However, the current price is 1737 and if it can cross the range of 1745 and above, this analysis is incorrect and the uptrend occurs and moves towards 1747, 1753 and 1760.
The whole market trend depends on what Mr. Powell says tomorrow.
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