Mahtab_Tradia

XAUUSD Made a Flag Pattern

Viés de alta
FX:XAUUSD   Ouro/Dólar Americano
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!

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