GOLD (XAUUSD): Bullish Trend Continuation Pattern
I have seen a promising bullish pattern on hourly time frame on 📈Gold.
Following a new higher high, the market started a correctional movement within the expanding channel, known as a bullish flag pattern.
Bullish breakout of the resistance of the flag is a strong bullish trend-following signal that indicates the strength of the buyers.
It is highly likely that the market will continue to rise and potentially reach a new all-time high. Targets are set at 2880 / 2890
Following a new higher high, the market started a correctional movement within the expanding channel, known as a bullish flag pattern.
Bullish breakout of the resistance of the flag is a strong bullish trend-following signal that indicates the strength of the buyers.
It is highly likely that the market will continue to rise and potentially reach a new all-time high. Targets are set at 2880 / 2890
Trade closed: target reached
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For paid signal👇👇 t.me/linofx1999
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join our Telegram channel for daily market update 👇👇
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.