What Happens in Gold Trading after a Bull Flag Gold Chart Pattern?

The bull flag xauusd chart pattern is found within a Gold Trading upward trend.

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

In this bull flag xauusd chart pattern is a continuation xauusd chart pattern where the xauusd market retraces slightly, it is therefore a slight retracement with narrow xauusd price action that has a slight downward tilt.

The technical buy point is when xauusd price penetrates the upper line of the bull flag xauusd chart pattern. The flag portion has highs and lows which can be connected by small lines which are parallel, giving it the look of a small channel.

What Happens in Gold Trading after a Bull Flag Gold Chart Pattern?

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 gold trading continuation gold signal was confirmed as the upper line of this flag pattern was broken to the upside.