From TradingView · · 30s
Gold's Triangle Apex Arrives
Gold hits key price level after triangle pattern completes.
In brief
Gold hits key price level after triangle pattern completes. Gold price reaches 4,134.58 after descending triangle pattern completes. Originally reported by TradingView.
Gold price at 4,134.58
Gold spot price dropped 0.63% to 4,134.58 on the session.
Descending triangle completes
Descending triangle pattern reached apex after building since late-August high at 4,700.
Support level holds
4,060 horizontal support held every selloff since September low.
Moving averages confirm trend
50 EMA at 4,154.17 and 200 EMA at 4,224.66 both above price and sloping down.
The key point
Gold price reaches 4,134.58 after descending triangle pattern completes.
