Gold Pennat Patternt
Gold has formed a pennant pattern and appears to have broken out of the pattern with a relatively large candlestick volume.
The pennant pattern emerged following a sharp decline after several days of upward movement—like climbing with stairs and descending with an Lift.
On the larger timeframe, there is potential for a Head and Shoulders pattern to form.
SL: 2660
TP 1: 2562
TP 2: 2538
The pennant pattern emerged following a sharp decline after several days of upward movement—like climbing with stairs and descending with an Lift.
On the larger timeframe, there is potential for a Head and Shoulders pattern to form.
SL: 2660
TP 1: 2562
TP 2: 2538
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