Gold (XAU/USD) Analysis: Bearish Flag Formation After Breakout
This is a 1-hour chart of CFDs on Gold (XAU/USD)
1. Consolidation Zone (Highlighted in Yellow)
The price was consolidating in a range before breaking out upwards.
This period represents market indecision before a breakout.
2. Breakout & Bearish Flag Formation
The price broke out of the consolidation zone and moved higher.
A bearish flag pattern (drawn in blue) is forming, which is a continuation pattern that often leads to a downside move.
The flag consists of an upward-sloping channel, indicating a temporary retracement before a potential drop.
3. Potential Price Movement
If the bearish flag confirms with a breakdown, the price may fall back into the consolidation range or lower.
The expected target is typically the length of the previous downward move (flagpole) projected downward from the breakout point.
Conclusion:
If the price breaks below the flag, it signals a bearish continuation.
If it invalidates the pattern and moves above the flag, the bullish momentum could continue.
Traders should watch for a breakdown confirmation before
1. Consolidation Zone (Highlighted in Yellow)
The price was consolidating in a range before breaking out upwards.
This period represents market indecision before a breakout.
2. Breakout & Bearish Flag Formation
The price broke out of the consolidation zone and moved higher.
A bearish flag pattern (drawn in blue) is forming, which is a continuation pattern that often leads to a downside move.
The flag consists of an upward-sloping channel, indicating a temporary retracement before a potential drop.
3. Potential Price Movement
If the bearish flag confirms with a breakdown, the price may fall back into the consolidation range or lower.
The expected target is typically the length of the previous downward move (flagpole) projected downward from the breakout point.
Conclusion:
If the price breaks below the flag, it signals a bearish continuation.
If it invalidates the pattern and moves above the flag, the bullish momentum could continue.
Traders should watch for a breakdown confirmation before
Dagangan ditutup: hentian tercapai
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.