bullish flag pattern and trend continuation

hello traders,
great sentiment on gold.
bearish flag pattern formation that you see on this chart is a perfect opportunity to follow up trend.
after each bullish wave occuring on markets on a daily bases it is essential for the market to be in correction afterwards.
on gold, market is continuing establishing new highs so bullish flag in a great example of trend following pattern.
buying signal for us is a bullish breakout of flag's resistance.
stop always goes below lowest point of flag.
target is based on length of flag pole

Kommentera:

Attempt to go lower

Kommentera:

back to the channel

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Still in the channel

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attempt to break

Kommentera:

market is going up