How Do I Gold Trade Descending Triangle Gold Chart Pattern?

How to Trade the Descending Triangle XAUUSD Chart Pattern

Falling Wedge XAUUSD Chart Pattern

The descending triangle xauusd chart pattern in gold trading is formed in a down gold trend and it shows that the downward direction of xauusd price movement is going to continue.

Descending triangle xauusd chart pattern is also known as falling wedge xauusd chart pattern.

Descending triangle xauusd chart pattern shows that there is a support level that the sellers keep pushing each time moving this support level lower, and once it breaks xauusd price will continue moving downwards.

The support level temporarily prevents the xauusd market from declining lower, while the descending sloping line above the falling wedge xauusd chart pattern signals that sellers are still present.

A downside penetration of the lower line of the descending triangle xauusd chart pattern is a technical sell gold signal for a market breaking down from a descending triangle, and indicates selling will follow.

Descending triangle xauusd chart pattern is found within a Gold Trading downward trend, the descending triangle pattern forms as a consolidation period within the downward gold trend and indicates downside gold market trend continuation will follow.

How to Trade the Descending Triangle Gold Chart Pattern

The gold market formed a descending triangle xauusd chart pattern during its downward gold trend which led to further selling and continuation of the gold downward trend.

The technical sell gold signal is when xauusd price breaks the lower horizontal sloping line of the descending triangle xauusd chart pattern as selling resumes to push the xauusd price lower - continuation of the downward xauusd trend.