By examining the trend in the one-hour time frame of
XAUUSD
, in addition to breaking the bearish angle pattern, it now seems to be forming and completing the RISING FLAG pattern, and therefore, on the condition that no one-hour close candlestick is recorded below the interval. An important support in the range of 2304-2298, the rate can increase by registering a one-hour close candle time above the resistance of the ceiling of the descending channel in the range of $2315, as much as the first wave that entered the pattern sharply, until the resistance of the previous ceiling in the range of 2337$ as a little resistance and then $2352.
XAUUSD
, in addition to breaking the bearish angle pattern, it now seems to be forming and completing the RISING FLAG pattern, and therefore, on the condition that no one-hour close candlestick is recorded below the interval. An important support in the range of 2304-2298, the rate can increase by registering a one-hour close candle time above the resistance of the ceiling of the descending channel in the range of $2315, as much as the first wave that entered the pattern sharply, until the resistance of the previous ceiling in the range of 2337$ as a little resistance and then $2352.
Dara Golbon