Mahtab_Tradia

XAUUSD Made a Flag Pattern

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
As you see, there is an uptrend in the 4H chart. After a sharp rise and approaching to the resistance level at 1790, price pulled back and retraced the bullish move.

Now, a bullish flag pattern has been created but there is a resistance level at 1777

IF the flag pattern broken out to the upside, we can expect the price to rise as the same length as the flagpole around 1812-1814

Enter long at 1778.50 after the pattern’s upside breakout

Good luck & trade safe!

Join My Telegram Channel:
t.me/Tradia_Channel

Follow My Instagram:
Mahtab_Tradia

My YouTube Channel:
youtube.com/channel/UCLVMX3VGgdo8d02jF99SihQ
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.