Gold Spot – getting close to support of a Descending Triangle
An emerging Descending Triangle has been detected on Gold Spot on the 4 hour chart. There is a possible move towards 2321.9500 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.
Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.