How to Identify XAUUSD Breakout Pattern
A range gold consolidation chart 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 two parallel gold trend lines which are horizontal and these trend lines indicate the presence of support levels and resistance levels at this particular area. Range consolidation xauusd 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 and lows that can be connected with horizontal gold trend lines that are parallel to each other. Range consolidation xauusd 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 xauusd chart pattern occurs when either of the horizontal line is penetrated and the gold trading range of this range gold pattern is broken. An upside xauusd price breakout is a buy gold signal. A downside xauusd price breakout is a sell xauusd trading 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 xauusd price continues to move upwards after an upwards xauusd price breakout.
Flat Top Breakout Pattern - How to Trade Gold Breakouts - How to Identify XAUUSD Breakout Pattern
