XAUUSD - Pennant/Wedge

Nice wedge, inverted flag, bearish pennant what ever you want to call it.

Typically we would say this indicates a bearish move however with April's trendline which has been confirmed twice as being a valied trendline is now broke, therefore I'm expect a retest and and bullish rally to complete the right shoulder.

Stochastic is making higher lows along with RSI.

Let me know you thoughts... the chart should paint a clear picture.
Chart PatternsHarmonic PatternsTrend Analysis

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