What Happens in Gold Trading after a Bull Flag Pattern?

The bull flag setup is found within a Gold Trading up-ward trend.

The bull flag pattern setup formation occurs at halfway point of a bullish up-ward trend & after a break-out a similar move equal to the height of the flag pole is expected.

In the bull flag setup, we witness a continuation chart pattern where the market price experiences a slight retracement. This results in a narrow price action that displays a subtle downward tilt.

The precise moment to execute a buy entry occurs when the price pierces the upper boundary of the bull flag chart pattern. The flag segment itself features a series of peaks and troughs that can be connected by short, parallel lines, creating the visual appearance of a narrow channel.

What Happens in XAUUSD after a Bull Flag Setup?

The bull flag above was a pause. The market built strength to break out higher. The pattern confirmed when price broke the upper flag line.

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