Or / Dollar AméricainMis à jour Gold Pennant Pattern Formation
A pennant triangle has formed indicating that price action will break out either above market price or below.
Seeing as gold is currently trading at market highs, the stall in price action suggests it is losing bullish momentum and could therefore break downwards towards precious Support.
Or as due to the longer term bullish trend line it could continue higher to new structure highs and therefore continue bullish trend.
The blue arrows denote possible price action based on the Pennant pattern.
Seeing as gold is currently trading at market highs, the stall in price action suggests it is losing bullish momentum and could therefore break downwards towards precious Support.
Or as due to the longer term bullish trend line it could continue higher to new structure highs and therefore continue bullish trend.
The blue arrows denote possible price action based on the Pennant pattern.
Note
Pennant broke Bullish.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.