andmk2

4 month pennant in Gold - Bullish resumption soon?

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
This is a pennant and represents a pullback from the highs around 1550.

It's testing the pattern's boundary and might break out to resume the uptrend which started in June.

PS: Stochastic has further to go so an upside breakout is more probable.
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