How to Identify XAUUSD Break-out Pattern

A range consolidation pattern is a range with narrow gold price action that develops into a consolidation period phase in market. The range is defined by two parallel trend lines which are horizontal & these trend lines indicate the presence of support levels & resistance levels at this particular area. Range consolidation chart pattern is plotted on a chart using a range, therefore, the name xauusd range chart pattern.

For this consolidation pattern setup, price forms a series of highs and lows that can be connected with horizontal trend-lines that are parallel to each other. Range consolidation chart pattern setup occurs over an extended period of time giving this chart pattern its range shape.

Flat Top Break Out Pattern - A xauusd break-out of price action from this range consolidation chart pattern forms when either of the horizontal line is penetrated & the range of this range pattern setup is broken. An upside price break out is a buy signal. A downside price break out is a sell signal.

Flat Top Break-out Pattern - How to Trade Breakouts - How to Identify Gold Break-out Pattern - XAUUSD Breakout Pattern Strategy Method

XAUUSD Price Breaks Out of the range consolidation pattern after a period of time and price continues to move upwards after an upward price break out.

Flat Top Break-out Pattern - How to Trade XAUUSD Break Outs