How to Read Continuation XAUUSD Continuation Chart Patterns for Beginner Traders

The common continuation XAUUSD Continuation Chart Patterns used to trade xauusd that beginner xauusd trades should know are described below.

Continuation Chart Patterns

Continuation XAUUSD Continuation Chart Patterns are:

Rising Wedge or Ascending Wedge Continuation Chart Patterns

Rising wedge is a continuation chart pattern that forms during an upwards xauusd trend and this XAUUSD Continuation Chart Patterns looks like a triangle consolidation xauusd pattern that has a rising slope that is moving upwards.

Rising wedge xauusd chart pattern has rising sloping support and resistance levels and this xauusd chart pattern shows that xauusd prices keep moving higher & once xauusd prices move out of this rising wedge chart pattern the upward trend is likely to continue.

Falling Wedge or Descending Wedge Continuation Chart Patterns

Falling wedge is a continuation chart pattern that forms during a downward xauusd trend and this XAUUSD Continuation Chart Patterns looks like a triangle xauusd consolidation pattern that has a descending slope that is heading downwards.

Falling wedge pattern has descending sloping support & resistance levels & this xauusd pattern shows that xauusd prices keep moving lower & once xauusd prices move out of this descending wedge xauusd pattern the downwards xauusd trend is likely to continue.

Bullish Pennant or Bearish Flag Continuation Chart Patterns

Bullish Flag is a xauusd pattern with parallel support & resistance levels that forms during a upward xauusd trend and a xauusd continuation signal is generated when price moves above the bullish flag chart pattern & the upward trend continuation signal is generated by this continuation xauusd bullish flag pattern.

Bearish Pennant or Bearish Flag Continuation Chart Patterns

Bearish Flag is a xauusd pattern with parallel support & resistance levels that forms during a downward xauusd trend and a continuation xauusd trading signal is generated when the price moves below the bearish flag chart pattern & the downward xauusd trend continuation signal is generated by this continuation xauusd bearish flag chart pattern.

How to Read XAUUSD Continuation Chart Patterns for Beginner Traders