What are Gold Continuation XAUUSD Chart Patterns?

When these continuation xauusd chart patterns are formed on the gold charts they confirm that the current Gold trend is going to continue moving in the same direction.

These continuation gold patterns are used by xauusd traders to identify halfway points of the gold trend, this is because they form at the halfway point of a xauusd trend.

There are four types of technical analysis for continuation xauusd chart patterns:

• Ascending triangle Continuation Gold Chart Pattern Technical Analysis
• Descending triangle Continuation Gold Chart Pattern Technical Analysis
• Bull flag Continuation Gold Chart Pattern Technical Analysis
• Bear flag Continuation Gold Chart Pattern Technical Analysis

XAUUSD Trading Analysis

The ascending triangle xauusd chart pattern is formed in an upward gold trend and it shows that the upward gold market direction of the xauusd market is going to continue.

Found within a Gold Trading upward trend, the ascending triangle pattern forms as a consolidation period within the up gold trend and indicates upside continuation will follow.

How to Analyze Ascending Triangle XAUUSD Chart Pattern - Ascending Triangle Continuation Gold Chart Pattern Technical Analysis

The market formed an ascending triangle pattern during its upward gold market trend which led to upside continuation.

The buy gold signal point is when xauusd price clears the upper sloping line of the ascending triangle xauusd chart pattern and the xauusd market continues moving upwards.

XAUUSD Trading Analysis

The descending triangle xauusd chart pattern is formed in a downward gold trend and it shows that the downward direction of xauusd price movement is going to continue.

Found within a Gold Trading downward trend, the descending triangle pattern forms as a consolidation period within the downward gold trend and indicates downside continuation will follow.

How to Analyze Descending Triangle Gold Chart Pattern - Descending Triangle Continuation Gold Chart Pattern Technical Analysis

The market formed a descending triangle xauusd chart pattern during its downward gold trend which led to further selling and continuation of the downward xauusd trend.

The technical sell gold signal is when xauusd price breaks the lower horizontal sloping line of the descending triangle xauusd chart pattern as selling resumes to push the xauusd market lower.

XAUUSD Trading Analysis

Bull flag xauusd chart pattern forms what looks like a rectangle. The rectangle is formed by two parallel lines that act as support and resistance for the xauusd price until the xauusd price breaks out. In general, the flag will not be perfectly flat but it will be sloping.

Bull flag xauusd chart pattern occurs at halfway point of a bullish upward gold market trend and after a breakout a similar move equal to the height of the flagpole is expected.

How to Analyze Bull Flag Gold Chart Pattern - Bull Flag Continuation Gold Chart Pattern Technical Analysis

The Bull flag xauusd chart pattern above was just a resting period as the xauusd market gathered strength to break out and move higher.

The Bull flag xauusd chart pattern continuation gold signal was confirmed as the upper line of the Bull flag xauusd chart pattern was broken to the upside.

XAUUSD Trading Analysis

Bear flag xauusd chart pattern flag is found in a Gold Trading downward trend.

The Bear flag xauusd chart pattern is a continuation xauusd chart pattern where the xauusd price retraces slightly with a narrow xauusd price action that has a slight upward tilt.

How to Analyze Bear Flag Gold Chart Pattern - Bear Flag Continuation Gold Chart Pattern Technical Analysis

The Bear flag xauusd chart pattern above was just a resting period for the xauusd market prior to more selling.

The Bear flag xauusd chart pattern continuation signal was confirmed as the lower line of the Bear flag xauusd chart pattern was broken to the downside.