A bullish flag is now visible on the 4-hour chart of the spot XAU/USD pair (gold). It is can play a role of a trend-continuation breakout signal if the price closes significantly above the flag's upper border without invalidating the pattern. The flag and its pole are shown with the yellow lines. My potential take-profit level is marked with the green line (1921.08). My potential stop-loss level is marked with the red line (1886.35).
Trade active
The long entry triggered at 00:01 UTC today.Trade closed: target reached
Take-profit reached today at 3:00 UTC.
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You can find useful tools to detect, build, and trade chart patterns - all completely free on earnforex.com.
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.