How to Identify XAUUSD Breakout Pattern

A range gold consolidation pattern is a trading range with narrow xauusd price action that forms a consolidation period in gold trading market. The gold trading range is defined by 2 parallel gold trend lines which are horizontal and these trend lines indicate the presence of support levels & resistance levels at this particular area. Range consolidation chart pattern is drawn on a gold chart using a range, therefore, the name gold range chart pattern.

For this gold consolidation chart pattern, xauusd price forms a series of highs & lows that can be connected with horizontal gold trend lines that are parallel to each other. Range consolidation chart pattern forms over an extended period of time giving this xauusd chart pattern its range shape.

Flat Top Breakout Pattern - A gold breakout of xauusd price action from this range consolidation chart pattern forms when either of the horizontal line is penetrated & the gold trading range of this range gold pattern is broken. An up side xauusd price break out is a buy signal. A downside xauusd price break-out is a sell signal.

Flat Top Breakout Pattern - How to Trade Gold Breakouts - How to Identify XAUUSD Breakout Pattern - XAUUSD Breakout Pattern Strategy

Gold Price Breaks Out of the range consolidation pattern after a period of time and price continues to move upward after an upward xauusd price breakout.

Flat Top Breakout Pattern - How to Trade Gold Breakouts - How to Identify XAUUSD Breakout Pattern