Gold (XAU/USDT) 30m: a tightening descending triangle. 🔍
Price has made lower highs since Nov 12 against a flat floor near 3,873.
The falling resistance line has 9 marked touches, support has 3, and the gap between them has narrowed to roughly 10–12 points.
Volume has faded since the spike on Nov 13. Triangles are only resolved by a close beyond a line, so neither side is confirmed here.
Spotted with ChartScout's pattern scanner (free trial in our profile).
#GOLD #XAU #TechnicalAnalysis #ChartScout
Price has made lower highs since Nov 12 against a flat floor near 3,873.
The falling resistance line has 9 marked touches, support has 3, and the gap between them has narrowed to roughly 10–12 points.
Volume has faded since the spike on Nov 13. Triangles are only resolved by a close beyond a line, so neither side is confirmed here.
Spotted with ChartScout's pattern scanner (free trial in our profile).
#GOLD #XAU #TechnicalAnalysis #ChartScout
