What Happens in Gold Trading after a Ascending Triangle Chart Pattern?

An Ascending triangle chart pattern is a bullish continuation chart pattern - This is a market trading signal which shows the current gold trend is taking a break before resuming the current upwards direction of the market gold.

If the Ascending triangle upwards continuation pattern forms it signals which the xauusd market is taking a pause before resuming the current upwards trend. The Ascending triangle continuation pattern in a upward trend is known as a rising wedge which signals that the xauusd price is consolidation but keeps moving higher & higher forming a xauusd chart pattern that resembles a rising wedge. Traders should wait for a confirmation of this Ascending triangle chart pattern before opening a trade based on this bullish continuation pattern. Once there is a xauusd trading price breakout to the upside then the Ascending triangle continuation pattern is confirmed & xauusd prices will then continue to move in the direction of the current upwards xauusd trend.