What is a Symmetrical Triangle?

A symmetrical triangle is a common chart pattern that forms when price moves into a tighter range, making lower highs and higher lows.

This pattern reflects market indecision, where bulls and bears balance out — until a breakout happens.

📉 Breakdown = trend may continue lower
📈 Breakout = potential reversal or trend continuation upward

Gold recently formed this structure. Patterns don’t guarantee outcomes — they give traders context.

Economic Fact of the Day – CPI

What is CPI (Consumer Price Index)?

It’s a measure of the average change in prices paid by consumers for goods & services.
A rising CPI signals inflation, which can impact gold and forex markets.

💡 Example: Higher inflation may lead central banks to raise interest rates → that can weaken gold prices.

🧠 The more you understand economics, the better your market decisions.