What Happens in XAUUSD after a Rising Triangle Chart Pattern in XAUUSD?

An Rising triangle setup is a bullish continuation pattern - This is a market signal which shows the current trend is taking a break before resuming the current upwards direction of the market xauusd.

If the Rising triangle upwards continuation chart pattern forms it signals which the market is taking a pause before resuming the current upward trend. The Rising triangle continuation pattern in a upwards trend is known as a rising wedge which signals that the price is consolidation but keeps moving higher & higher forming a setup that resembles a rising wedge. Traders should await for confirmation of the Rising triangle setup before opening a trade based on this bullish continuation setup. Once there is a price breakout to the upside then the Rising triangle continuation pattern is confirmed and prices will then continue to move in direction of the current upwards trend.