📉 XAUUSD 4H Chart – Bearish Flag Pattern Analysis
This 4-hour chart of Gold (XAUUSD) shows a classic Bearish Flag pattern, which is typically a continuation signal in a downtrend. After a strong bearish move, price entered a consolidation phase inside a rising channel, forming higher highs and higher lows—this creates the flag structure.
The price is currently trading within the Resistance and Support Trendlines of the flag. A break below the Support Trendline would confirm the bearish flag breakout, suggesting a continuation of the downtrend.
Key support levels to watch:
🔻 First Support: 3280.063 – Initial target after breakout
🔻 Second Support: 3250.000 – Extended target if bearish momentum continues
Traders should monitor for a confirmed breakdown with volume and bearish candlestick confirmation to validate short entries. This setup favors sellers if the support breaks decisively.
This 4-hour chart of Gold (XAUUSD) shows a classic Bearish Flag pattern, which is typically a continuation signal in a downtrend. After a strong bearish move, price entered a consolidation phase inside a rising channel, forming higher highs and higher lows—this creates the flag structure.
The price is currently trading within the Resistance and Support Trendlines of the flag. A break below the Support Trendline would confirm the bearish flag breakout, suggesting a continuation of the downtrend.
Key support levels to watch:
🔻 First Support: 3280.063 – Initial target after breakout
🔻 Second Support: 3250.000 – Extended target if bearish momentum continues
Traders should monitor for a confirmed breakdown with volume and bearish candlestick confirmation to validate short entries. This setup favors sellers if the support breaks decisively.
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📈 For More Setups & Updates —
🚀 Join our Telegram Channel!
👉 t.me/+vWVmX9cov69kNTU1
Step Into the Winners' Circle — Join Our VIP Signals Group Now!
t.me/+nnIo1DeoMLE5NjY0
🚀 Join our Telegram Channel!
👉 t.me/+vWVmX9cov69kNTU1
Step Into the Winners' Circle — Join Our VIP Signals Group Now!
t.me/+nnIo1DeoMLE5NjY0
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.