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