What Happens in Gold after a Bear Pennant Chart Pattern?

A Bear Pennant pattern is a bearish continuation pattern - This is a market signal which highlights the current trend is taking a pause before resuming the current down-wards direction of the price gold.

If the Bear Pennant downwards continuation pattern forms it trading signals which the market is taking a pause before resuming the current down-wards trend. Bear Pennant continuation pattern in a downwards trend is referred to as a falling flag which trade signals that the price is consolidation but keeps moving lower & lower forming a chart setup that looks like a falling flag. Traders should wait for a confirmation signal of the Bear Pennant chart pattern setup formation before you open a trade based on this bearish continuation chart pattern. Once there's a price break out to the down side then Bear Pennant continuation chart pattern is confirmed & prices will then continue moving in the direction of the ruling down-wards trend.

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