How Do I Read Descending Triangle Chart Pattern?

A Descending triangle pattern is a bearish continuation chart pattern - This is a market trading signal which shows the current trend is taking a pause before resuming the current downwards direction of gold.

If the Descending triangle downward continuation pattern forms it signals which the xauusd market is taking a pause before resuming the current downwards trend. The Descending triangle continuation pattern in a downwards trend is known as a falling wedge which signals that the xauusd price is consolidation but keeps moving lower & lower forming a xauusd chart pattern that looks like a falling wedge. Traders should wait for a confirmation of this Descending triangle pattern before opening a trade based on this bearish continuation chart pattern. Once there is a xauusd price break-out to the down side then Descending triangle continuation chart pattern is confirmed & xauusd prices will then continue to move in the direction of the current downwards xauusd trend.