Gold's (XAUUSD) bullish flag breakout! New high? 16.1.2024
A bullish flag pattern is a continuation trend which is built by 3 steps:
1. A flag pole, the size of movement up before the tunnel pattern started.
2. A tunnel pattern going down (flag)
3. Breakout above tunnel, movement up projected the size of the flag pole.
Currently, we are step number 3.
A breakout above the flag roof had been confirmed.
A retest of the flag would be at 2020.
A retest of the flag floor would be at 1990.
The projected movement up target is at ~2160.
This fits perfectly with the lack of political stability globally, as well as inflation concerns.
1. A flag pole, the size of movement up before the tunnel pattern started.
2. A tunnel pattern going down (flag)
3. Breakout above tunnel, movement up projected the size of the flag pole.
Currently, we are step number 3.
A breakout above the flag roof had been confirmed.
A retest of the flag would be at 2020.
A retest of the flag floor would be at 1990.
The projected movement up target is at ~2160.
This fits perfectly with the lack of political stability globally, as well as inflation concerns.
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.