XAUUSD- had a big down move on the London Session ; it is now in a triangle with trend lines drawn on the 15 minute chart.
The upper resistance trendline has held from far more touches than the support trendline below.
I conclude it is more or most likely, that XAUUSD will breakout from this triangle on a relatively lower time frame
with bearish continuation trending down and following the equities markets.
The upper resistance trendline has held from far more touches than the support trendline below.
I conclude it is more or most likely, that XAUUSD will breakout from this triangle on a relatively lower time frame
with bearish continuation trending down and following the equities markets.