What Happens in XAUUSD Trading after a Bull Flag Chart Pattern in Gold?

The bull flag pattern is found within a XAUUSD upward trend.

The bull flag pattern occurs at halfway point of a bullish upwards xauusd trend & after a break-out a similar move equivalent to the height of the flagpole is expected.

In this bull flag chart pattern is a continuation chart pattern where the xauusd market retraces slightly, it is therefore a slight retracement with narrow gold price action which has a slight downwards tilt.

The technical buy point is when price penetrates the upper line of the bull flag chart pattern. The flag portion has highs & lows which can be connected by small lines which are parallel, giving it what looks like a small channel.

What Happens in XAUUSD Trading after a Bull Flag Chart Pattern in Gold?

The bull flag pattern above was just a resting period as the xauusd market gathered strength to break-out & move higher. Bull flag pattern continuation xauusd trading signal was confirmed as a upper line of this flag pattern was broken to the upside.