This pattern looks like a descending triangle, the target should be down, but if I see this as a trap, I have been looking at gold charts for more than 10 years, I have an intuition that this is a trap. for conservative entry, you can wait for the break of the digonal trendline.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.