GOLD - Bearish Continuation Pattern

🟡 GOLD – Triangle Formation Breakdown (Bearish Continuation Pattern)

-> Gold is forming a falling triangle pattern, typically a bearish continuation setup.

-> The structure has completed all 5 internal corrective waves within the triangle.

-> Price is nearing the triangle apex, indicating a likely breakout soon.

-> Since the pattern occurred within a prior downtrend, the breakout is expected to be to the
downside.

-> A breakdown from the triangle is expected to trigger an impulsive fall.

-> Target: ₹2940 levels, projected from the triangle's height.

-> Volume behavior supports the triangle formation – low volume consolidation before
breakout.

-> Entry confirmation suggested only after a strong bearish candle close below the triangle
support.





⚠️ Disclaimer:
This analysis is intended for educational and informational purposes only and should not be considered financial advice or a recommendation to buy or sell any asset. Please perform your own research or consult a licensed financial advisor before making trading decisions. Trading involves substantial risk and is not suitable for all investors.