What Happens in Gold after a Bull Pennant Chart Pattern?

A Bull Pennant chart setup is a bullish continuation pattern - This is a market signal which shows the current trend is taking a pause before resuming the current upward direction of the price gold.

If the Bull Pennant upward continuation chart setup forms on the chart it signals that the market is taking a pause before resuming the present upwards trend. The Bull Pennant continuation pattern in a up-ward trend is known as a bull Pennant continuation chart setup which signals that the price is consolidation but keeps moving higher and higher forming a chart setup that resembles a rising bull Pennant. Traders should sit tight &-wait for confirmation of the Bull Pennant pattern setup formation before you open a trade based on this bullish continuation pattern. Once there is a price break out to the upside of this bull Pennant chart pattern, then the Bull Pennant continuation pattern is confirmed and prices will then continue moving in the direction of the ruling upwards trend.

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