Possible opportunity: XAUUSD formed a bearish Pennant pattern
General outlook
XAUUSD has been under selling pressure within the last couple of hours. Now, the price displays the Pennant pattern.
If the price rebounds from the upper border or confirms a breakout of the lower border of the Pennant pattern, analysts recommend opening a Sell order.
The upcoming news will not influence your orders within the mentioned period.
Some traders may close their positions on Friday, which can add more pressure to the market.
Share your thoughts in the comments section if it's available for you.
XAUUSDT
دائم
5,015
-0.14%