What Does Ascending Triangle Gold Chart Pattern Mean?

Rising Wedge XAUUSD Trading Pattern

The ascending triangle xauusd chart pattern in gold trading is formed in a gold upward gold trend and it shows that the upward direction of the xauusd market is going to continue - the ascending triangle is a continuation xauusd chart pattern.

Ascending Triangle xauusd chart pattern shows that there is a resistance level that the buyers keep pushing each time moving the resistance level higher, and once it breaks xauusd trading price will continue to move in an upward trend.

An upside penetration of the upper ascending gold pattern line is a technical buy gold signal for a market breaking out from an ascending triangle xauusd chart pattern.

What Happens to Gold Price Action After Rising Wedge Gold Chart Pattern?

The gold market formed an ascending triangle xauusd chart pattern during its upward gold trend which led to upside continuation as shown on the xauusd trading example above.

The buy gold signal is when xauusd trading price breaks out above the upper ascending triangle pattern line and the xauusd market continues moving upwards - upward gold market trend continuation.