possibly repeating Septembers moves
(XAU/USD) shows a breakdown from a symmetrical triangle pattern, suggesting a potential continuation to the downside. Based on the technical structure, price has breached the lower trendline of the triangle, indicating bearish momentum.
The "Fair Value Gap" marked on the chart around 2600 implies that the price might aim to fill this gap, which aligns with the idea that the asset is seeking a more balanced market value. If the breakdown sustains, further bearish price action could be expected, with the fair value zone acting as a target for potential buyers to step in or for the price to stabilize.
Keep an eye on key support levels and any potential bullish reversal signals around the 2600 zone, as this could influence the next moves in the market. Additionally, watch out for volume or fundamental catalysts that could either accelerate or invalidate this move.
In September, the market initially broke below the symmetrical triangle and then started a rally after filling the fair value gap. Now, the chart in October shows a similar breakdown below the symmetrical triangle with a possibility of revisiting a fair value gap around the 2600 level.
The "Fair Value Gap" marked on the chart around 2600 implies that the price might aim to fill this gap, which aligns with the idea that the asset is seeking a more balanced market value. If the breakdown sustains, further bearish price action could be expected, with the fair value zone acting as a target for potential buyers to step in or for the price to stabilize.
Keep an eye on key support levels and any potential bullish reversal signals around the 2600 zone, as this could influence the next moves in the market. Additionally, watch out for volume or fundamental catalysts that could either accelerate or invalidate this move.
In September, the market initially broke below the symmetrical triangle and then started a rally after filling the fair value gap. Now, the chart in October shows a similar breakdown below the symmetrical triangle with a possibility of revisiting a fair value gap around the 2600 level.
Note
Well this is exactly what happened 
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