What Happens in Gold Trading after a Bear Pennant Chart Pattern?

A Bear Pennant xauusd pattern is a bearish continuation pattern - This is a market signal which shows the current gold trend is taking a pause before resuming the current downwards direction of the market gold.

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