By examining the trend in the one-hour time frame of XAUUSD , in addition to breaking the bearish angle pattern, it now seems to be forming and completing the RISING FLAG pattern, and therefore, on the condition that no one-hour close candlestick is recorded below the interval. An important support in the range of 2304-2298, the rate can increase by registering a one-hour close candle time above the resistance of the ceiling of the descending channel in the range of $2315, as much as the first wave that entered the pattern sharply, until the resistance of the previous ceiling in the range of 2337$ as a little resistance and then $2352.
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.