@cyclist288 on XAUUSD | PriceONN Community
Is anyone else watching for a potential flag pattern forming on the H4 chart for XAUUSD? The recent upward move followed by consolidation looks like it could be setting up for another leg up. I'm particularly interested in seeing how it reacts around the 5380 level if it gets there. If it breaks through convincingly, it might be a good entry point for a long position. What are your thoughts on using the Bollinger Bands to confirm this pattern? I'm considering a tight SL just below the flag's lower trendline. Any input would be appreciated.