What Happens in Gold after a Bull Flag Pattern in XAUUSD?
A Bull Flag pattern setup is a bullish continuation chart pattern setup - This is a market signal which highlights the current trend is taking a break before resuming the current upward direction of the market xauusd.
If the Bull Flag upward continuation chart pattern setup forms on the chart it signals that the market is taking a pause before resuming the current upwards trend. The Bull Flag continuation pattern in a up-ward trend is known as a bull flag continuation chart pattern setup which signals that the price is consolidation but keeps moving higher and higher forming a chart pattern setup that looks like a rising bull flag. Traders should sit tight &-wait for confirmation of the Bull Flag chart pattern setup before opening a trade based on this bullish continuation pattern. Once there's a price break out to the upside of this bull flag pattern setup, then the Bull Flag continuation pattern is confirmed & prices will then continue to move in direction of the current upward trend.