Mid-term analysis: XAUUSD formed a bearish Pennant
General outlook
XAUUSD traded in a bearish trend from 10 March. 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.
Disclaimer
This market analysis focuses on mid-term trends, relevant for up to two weeks. Short-term movements may vary, and other analyses might suggest a different direction. Always consider your timeframe before making trading decisions.
Share your thoughts in the comments section if it's available for you. #pennant $XAU #astermainnet
XAUUSDT
دائم
4,496.4
-0.10%