Gold 30M Pennant – FMFR-Based Reversal SetupXAU/USD SpotFX:XAUUSDsddhrthmallick736On the 30-minute time frame, Gold is forming a clear pennant pattern, indicating a consolidation phase. Although the overall market structure is bearish, we are approaching this setup with a standard pennant behavior in mind. Based on the FMFR (First Move Fake, then Reversal) concept, we can expect an initial false breakout followed by a potential reversal move. The key will be to watch how price reacts around the breakout zones and wait for proper confirmation before considering any directional bias.