Possibility of a bullish Shark pattern coming soon, it could still head lower though.
The pair may decide to to either go straight down, or go up to form an expanding triangle first.
I was keen to see the S&P 500 plummet, but this channel has me wondering...
I think the pair may be forming a contracting triangle for further downside...
My attempt at price action analysis: I could be wrong, but I am biased for the downside about Gold.