Potential Bearish Pennant - Follow up analysis
It was a perfect analysis; the price rejected the 1916 zone. The price was falling back down to below the previous major downtrend line. Here's the link to the last XAU/USD analysis 
Currently, the chart shows a potential bearish pennant, which is means a possible bearish continuation. If the price rejects and remains below the upper pennant line, I reckon XAU/USD will continue to fall and make a new low. But, if XAU/USD breakout the upper pennant line, I suspect it will keep climbing to retest1800-1820 zone previous strong resistance.
Today's entry price, scalping long to the upper pennant line:
Here's below the weekly forecast; I posted these charts at the beginning of this week:
PLAN A
PLAN B
Currently, the chart shows a potential bearish pennant, which is means a possible bearish continuation. If the price rejects and remains below the upper pennant line, I reckon XAU/USD will continue to fall and make a new low. But, if XAU/USD breakout the upper pennant line, I suspect it will keep climbing to retest1800-1820 zone previous strong resistance.
Today's entry price, scalping long to the upper pennant line:
Here's below the weekly forecast; I posted these charts at the beginning of this week:
PLAN A
PLAN B
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