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Bearish pennant
was formed on 01.05 at 00:45:24 (UTC+0)
signal strength 1 of 5

Bearish pennant GOLD M5

The Bearish pennant pattern has formed on the GOLD M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 3271.62; the projection of the flagpole height is equal to 1887 pips. In case the price breaks out the pattern’s bottom of 3271.62, the downtrend is expected to continue for further level 3271.47.

The M5 and M15 time frames may have more false entry points.

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