What Happens in Gold Trading after a Bear Flag Trading Pattern?
This bear flag chart pattern is found in a Gold Trading downwards xauusd trend.
The bear flag chart pattern is a trend continuation pattern where the price retraces slightly with a narrow xauusd trading price action that has a slight upwards tilt.
The technical sell point is when the price penetrates the lower line of the inverted bear flag pattern.
The flag portion of this xauusd chart pattern has highs & lows which can be connected by small lines which are parallel, giving it what looks like a small channel.
What Happens in XAUUSD Trading after a Bear Flag Chart Pattern?
The bear flag pattern above was just a resting period for the xauusd market prior to more selling. The continuation gold signal was confirmed as the lower line of this pattern was broken to the down-side.