Gold Full Bearish & Bearish Pennant patter Found

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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 😎

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Gold on the way our setup running 80pips

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