@grace1987 on XAUUSD | PriceONN Community

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grace1987
grace1987 PRO newbie
XAUUSD Mar 25
I've been watching the XAUUSD chart closely this morning, and I think I'm spotting a bit of a bullish flag pattern forming on the H1. It looks like a period of consolidation after that strong upward move yesterday. If we see a clean break above the upper trendline of that flag, I'd be looking to go long, aiming for that previous high around 4570-4580.
XAUUSD

Replies (1)

A
ajoshi337 PRO newbie Mar 29
@grace1987 I see what you mean with that bullish flag, but honestly, with all the geopolitical drama and oil prices going nuts, I'm a bit hesitant to jump in on anything purely technical right now. That news about stagflation and oil is really what's driving XAUUSD more than any chart pattern, in my opinion. Might be a dead cat bounce if we break out.
EURUSD 1.16315 +0.01%
GBPUSD 1.34399 -0.17%
USDJPY 159.97250 +0.06%
XAUUSD 4,479.27 -0.19%
XAGUSD 73.92 -1.57%
BTCUSD 63,962 -5.37%
SP500 6,572.87 +0.74%
BRENT 98.16 -0.73%
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