How to Interpret Continuation Setups for Beginner Traders

The common continuation Continuation Setups used to trade gold that beginner trade transactions should know are explained below.

Continuation Patterns

Continuation Patterns are:

Rising Wedge or Ascending Wedge Continuation Setups Patterns

Rising wedge is a continuation setup that forms during an upward trend and this Continuation Setups resembles a triangle consolidation pattern formation that has got a rising slope that is heading upwards.

Rising wedge chart pattern has rising sloping support & resistance levels and this chart setup displays that prices keep moving higher & once prices move out of this rising wedge chart pattern the upwards trend is likely to continue.

Falling Wedge/Descending Wedge Continuation Chart Setups Patterns

Falling wedge is a continuation pattern formation that forms during a downwards trend and this Continuation Setups resembles a triangle gold consolidation pattern that has got a descending slope that is moving downward.

Falling wedge pattern has descending sloping support & resistance levels & this setup displays that prices keep moving lower & once prices move out of this descending wedge pattern the downward trend is likely to continue.

Bullish Pennant or Bearish Flag Continuation Chart Setups Patterns

Bullish Flag is a chart pattern with parallel support & resistance levels that forms during a upwards trend and a continuation signal is generated/derived when price moves above the bullish flag pattern & the upward trend continuation signal is generated/derived by this continuation bullish flag pattern.

Bearish Pennant or Bearish Flag Continuation Chart Setups Patterns

Bearish Flag is a chart pattern with parallel support & resistance levels that forms during a downward trend and a continuation signal is generated/derived when the price moves below the bearish flag pattern and the downward trend continuation signal is generated/derived by this continuation bearish flag chart pattern formation.

How to Analyze Gold Continuation Setups for Beginner Traders

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