Today, I’m trading gold, and the position is currently in a loss. However, the key setup I’m watching is the downside move from a triangle consolidation pattern.
A triangle consolidation forms when price action gets tighter between support and resistance. In trading, this pattern often creates a turning point as the market builds pressure before choosing a direction.
Gold showed a rebound today, but the real question is whether this bounce is strength — or just a temporary move before another drop.
