GOLD (XAUUSD): Continuation Pattern Signals Bullish Trend
I've identified a strong bullish pattern on the hourly timeframe for 📈 Gold.
After forming a new higher high, the market entered a corrective phase within an expanding channel, known as a bullish flag pattern.
A breakout above the flag’s resistance would be a powerful trend continuation signal, highlighting buyers' dominance.
There is a high probability that the market will continue its upward momentum, potentially reaching a new all-time high. Target levels are set at 2880 / 2890.
After forming a new higher high, the market entered a corrective phase within an expanding channel, known as a bullish flag pattern.
A breakout above the flag’s resistance would be a powerful trend continuation signal, highlighting buyers' dominance.
There is a high probability that the market will continue its upward momentum, potentially reaching a new all-time high. Target levels are set at 2880 / 2890.
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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.