What Happens in XAUUSD Trading after a Bear Flag Chart Pattern in XAUUSD?
This bear flag pattern is found in a XAUUSD downward gold trend.
The bear flag chart pattern is a trend continuation pattern where the price retraces slightly with a narrow gold price action that has a slight upwards tilt.
The technical sell point is when the price penetrates the lower line of the inverted bear flag trading pattern.
The flag portion of this gold trading pattern has highs & lows which can be connected by small lines that are parallel, giving it what looks like a small channel.
What Happens in XAUUSD Trading after a Bear Flag Chart Pattern in XAUUSD?
The bear flag pattern above was just a resting period for the xauusd market prior to more selling. Continuation xauusd signal was completed as the lower line of this pattern was broken to the downside.