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 occurs at halfway point of a bullish up-ward trend & after a break-out a similar move equal to the height of the flagpole is expected.
In this bull flag setup is a continuation chart pattern setup where the market retraces slightly, 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 the upper line of the bull flag pattern. The flag portion has highs & 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 strength to break out & move higher. The bull flag chart pattern gold trading continuation signal was confirmed as a upper line of this flag pattern was broken to the up side.
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