Bearish Pennant Forming on Gold H1
Updated
Bearish Pennant forming on H1. It's also close to a quarter point 1775.00 so price could play around that area for a bit before continuing short. Waiting for a break of the trendline to the down side and a possible retest of the counter trendline to go short.
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Pennant formation was invalid. Now on both the H1 and H4 time frames there is a head and shoulders pattern forming right on the quarter point. Waiting for a break of the neckline and possible retest. I am still short.Trade closed manually
Looks like a double bottom forming on the H4 time frame.
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