GOLD (#XAUUSD): Potential Bearish Scenario Explained

Quick update for ⚠️Gold:
Gold is currently forming a descending triangle pattern on an hourly chart, with a horizontal neckline between 2896 and 2888.

If the price breaks and closes below this level on an hourly timeframe, it would indicate a strong bearish signal for the day.

A further decline in the price is likely to occur, potentially reaching 2870.