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 this bull flag setup is a continuation chart pattern setup formation where the market price retraces a little, it's hence a slight retracement with narrow price action which has a slight downward tilt.
The technical buy point is when the price penetrates upper line of the bull flag chart pattern. The flag portion has highs and lows that can be linked by small lines which are parallel, giving it what looks like a small channel.
What Happens in XAUUSD after a Bull Flag Setup?
The bull flag chart setup above was just a resting period as the market gathered momentum to breakout and move higher. The bull flag chart pattern gold continuation signal was confirmed as a upper line of this flag pattern was broken to the up side.
More Topics:
- How to Read Fibonacci Expansion Levels XAU USD Indicator in MetaTrader 4 Software
- How to Draw Trend-line in Charts in MT4 Platform Software
- Free Gold Indicators Illustrated
- Buy Limit XAU USD Order Below Market XAU USD Price
- Methods of Calculating Where to Place & Set Stop Losses in XAU/USD
- How to Add Alligator XAUUSD Indicator on Chart in MT4 Software
- Buy Stop Order and Sell Stop Order
- Standard Gold Account Brokers
- Gold Advice Top 5 Gold Strategies to Improve Gold
- How Do You Add a XAUUSD Take-Profit Order MT5 Platform Software?
