QUICK SHORT WITHIN THE PENDANT

XAUUSD is consolidating forming a pendant pattern which usually signifies a continuation. This is the third touch on the upper trendline so we are expecting another touch on the lower trendline before bullish continuation. Quite a risky trade is it might breakout on the upside at any moment, but the technical analysis favors a short at the moment.
XAUUSD XAUUSD
1:2 Risk to reward ratio