Gold Full Bearish & Bearish Pennant patter Found
Bearish Pennant Pattern in 
XAUUSD Gold
A bearish Pennant pattern has formed in Gold, indicating a potential continuation of the downtrend.
Key levels to watch:
Pennant support: $2,634
Pennant resistance: $2,656
Target: $2,620
The Bearish Pennant pattern is characterized by:
A strong downtrend preceding the pennant
A consolidation period with converging trend lines
A potential breakout below the pennant support
A breakout below the pennant support ($2,634) could trigger a short position, targeting the next support level.
Keep a close eye on Gold for a potential breakdown!"
Best Wishes Tom 😎
XAUUSD GoldA bearish Pennant pattern has formed in Gold, indicating a potential continuation of the downtrend.
Key levels to watch:
Pennant support: $2,634
Pennant resistance: $2,656
Target: $2,620
The Bearish Pennant pattern is characterized by:
A strong downtrend preceding the pennant
A consolidation period with converging trend lines
A potential breakout below the pennant support
A breakout below the pennant support ($2,634) could trigger a short position, targeting the next support level.
Keep a close eye on Gold for a potential breakdown!"
Best Wishes Tom 😎
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