Gold Bullish Pennant

21 thg 8, 2021

Gold is forming a bullish pennant and looking to bounce and hopefully breakout to the upside. Stop of the pennant will be at the lowest swing of the pattern. The way to trade this pattern is to wait for the breakout (Candle Close) and if it closes above the trendline, we can go long on gold. TP of this pattern can be measure by taking the first swing high and putting it on top of the breakout spot. Hopefully helps!