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Back Technical analysis
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Back Technical analysis
Gold – September 23: Consolidation Triangle Pattern
The 4-hour (H4) chart for Gold
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The 4-hour (H4) chart for Gold (XAU/USD) shows the price stabilizing within a consolidation pattern following its successful exit from the previous bearish wave. Gold is currently trading at 4343.67, holding above the Weekly Pivot point.Technical Analysis and Price ActionRebound and Formation of an Ascending Channel: After establishing a strong pivotal low at the first weekly support level (Weekly S1) at 4275.44, buyers regained momentum. The price broke out of the primary bearish channel (blue) and is now moving within
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