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.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.