How to Read Continuation Gold Continuation Chart Patterns for Beginner Traders

The common continuation Gold Continuation Chart Patterns used to trade gold that beginner gold trades should know are described below.

Continuation Trading Patterns

Continuation Gold Continuation Chart Patterns are:

Rising Wedge or Ascending Wedge Continuation Chart Patterns

Rising wedge is a continuation pattern that forms during an upward gold trend & this Gold Continuation Chart Patterns looks like a triangle consolidation gold pattern that has a rising slope that is moving upwards.

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

Falling Wedge or Descending Wedge Continuation Chart Patterns

Falling wedge is a continuation pattern that forms during a downwards gold trend & this Gold Continuation Chart Patterns looks like a triangle gold consolidation pattern that has a descending slope that is moving downward.

Falling wedge pattern has descending sloping support and resistance levels & this gold pattern shows that gold prices keep moving lower and once gold prices move out of this descending wedge gold pattern the downwards gold trend is likely to continue.

Bullish Pennant or Bearish Flag Continuation Chart Patterns

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

Bearish Pennant or Bearish Flag Continuation Chart Patterns

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

How to Read Gold Continuation Chart Patterns for Beginner Traders