@eric4965 on XAUUSD | PriceONN Community
E
Anyone else seeing a potential bullish flag forming on the H4 chart for XAUUSD? The pole seems to be from the recent run-up, and we're now in the consolidation phase forming the flag. If we get a breakout above 5200, it could signal a continuation of the uptrend. I'm thinking of setting an alert for that level. What are your thoughts on this pattern? Am I missing something, or does this look like a valid setup to you guys? I'm also considering the possibility of a fakeout, so I'll definitely wait for confirmation before entering any positions.