What Happens in Gold after a Bear Flag Chart Pattern in XAUUSD?

This bear flag pattern is found in a downwards trend.

The bear flag chart pattern is a trend continuation pattern where the price retraces slightly with a narrow price action that has a slight up-wards tilt.

The technical sell point is when the price penetrates the lower line of the inverted bear flag pattern.

The flag portion signal of the pattern has highs & lows which can be connected by small lines that are parallel, giving it what looks like a small channel.

What Happens in XAUUSD after a Bear Flag Chart Pattern in XAUUSD?

The bear flag pattern above was just a resting period for the market prior to more selling. Continuation signal was completed as the lower line of this pattern was broken to the downside.