JCDBTrades

Possible Bull Pennant

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold looks to continue the bull pennant formation to the upside after a brief sell as a result of NFP. Expect prices to possibly go as high as the highest high in the pattern (where I have the arrow). However if bears take over and push prices lower to break the uptrend line and form lower highs and lows, then expect prices to sell to support where I have the horizontal line.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.