What are XAUUSD Continuation Chart Patterns?
When these continuation chart patterns are formed on the gold charts they confirm that the current xauusd trend is going to continue heading in the same direction.
These continuation xauusd patterns are used by traders to spot halfway points of the xauusd trend, this is because they form at halfway point of a gold trend.
There are four types of technical analysis for continuation chart patterns:
- Ascending triangle Continuation Pattern Technical Analysis
- Descending triangle Continuation Pattern Technical Analysis
- Bull flag Continuation Chart Pattern Technical Analysis
- Bear flag Continuation Chart Pattern Technical Analysis
XAUUSD Technical Analysis
The ascending triangle pattern is formed in an upwards xauusd trend & it shows that upwards xauusd market direction of the market is going to continue.
Found within a XAUUSD upward trend, the ascending triangle pattern forms as a consolidation period within the up trend & indicates upside continuation will follow.
How to Analyze Ascending Triangle Chart Pattern - Ascending Triangle Continuation Chart Pattern Technical Analysis
The market formed an ascending triangle pattern during its upwards xauusd market xauusd trend which led to upside continuation.
The buy signal point is when price clears the upper sloping line of the ascending triangle chart pattern & the xauusd market continues heading upward.
Gold Technical Analysis
The descending triangle pattern is formed in a downwards trend & it shows that downward direction of gold price movement is going to continue.
Found within a XAUUSD downward trend, the descending triangle pattern forms as a consolidation period within the downwards xauusd trend & indicates downside continuation will follow.
How to Analyze Descending Triangle Pattern - Descending Triangle Continuation Pattern Technical Analysis
The market formed a descending triangle chart pattern during its downwards xauusd trend which led to further selling & continuation of the downwards gold trend.
The technical sell signal is when price breaks lower horizontal sloping line of the descending triangle pattern as selling resumes to push the xauusd market lower.
XAUUSD Technical Analysis
Bull flag pattern forms what looks like a rectangle. The rectangle is formed by 2 parallel lines that act as support and resistance for the gold trading price until the gold price breaks out. In general, the flag will not be formed perfectly flat but it will be sloping.
Bull flag pattern occurs at halfway point of a bullish upwards xauusd market xauusd trend & after a breakout a similar move equivalent to the height of the flagpole is expected.
How to Analyze Bull Flag Pattern - Bull Flag Continuation Pattern Technical Analysis
The Bull flag pattern above was just a resting period as the xauusd market gathered strength to break-out & move higher.
The Bull flag pattern continuation xauusd signal was confirmed as upper line of the Bull flag pattern was broken to the upside.
XAUUSD Technical Analysis
Bear flag pattern flag is found in a Gold downwards trend.
The Bear flag chart pattern is a continuation chart pattern where the price retraces slightly with a narrow gold price action that has a slight upwards tilt.
How to Interpret Bear Flag Chart Pattern - Bear Flag Continuation Pattern Technical Analysis
The Bear flag pattern above was just a resting period for the xauusd market prior to more selling.
The Bear flag chart pattern continuation trading signal was confirmed as lower line of the Bear flag pattern was broken to the downside.
